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Bitcoin’s Correlation to Meme Stocks Reaches Highest Level Since 2020

CoinDesk Markets Analyst Damanick Dantes discusses bitcoin’s strong correlation with meme stocks at its highest level since 2020, and what it reveals about the crypto markets. Plus, his bitcoin price outlook as the Luna Foundation Guard purchased over $270 million in BTC this week for its UST stablecoin reserves.

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Video

Bitcoin Holds Steady as Luna Foundation Guard Purchases Over $270M BTC This Week

Bitcoin’s price has stabilized as Luna Foundation Guard (LFG) resumed its BTC buying spree. This week, the nonprofit organization focused on UST acquired nearly 5,800 BTC worth over $270 million. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Mercati

Bitcoin остается стабильным, поскольку LUNA Foundation Guard возобновляет покупки

По словам ONE из наблюдателей, организация, которая на прошлой неделе тратила много денег на Криптовалюта , в среду возобновила покупку BTC после однодневного перерыва.

LFG plans to raise $3 billion for its bitcoin reserve (Pixabay, modified by CoinDesk)

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