{"id":20412,"date":"2022-03-09T08:13:32","date_gmt":"2022-03-09T07:13:32","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=20412"},"modified":"2022-03-09T23:27:18","modified_gmt":"2022-03-09T22:27:18","slug":"bitcoin-btc-reclaims-41000-with-terras-luna-leading-the-altcoin-rally","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-btc-reclaims-41000-with-terras-luna-leading-the-altcoin-rally\/","title":{"rendered":"Bitcoin\u00a0(BTC)\u00a0reclaims\u00a0$41,000,\u00a0with\u00a0Terra’s\u00a0LUNA\u00a0leading\u00a0the\u00a0altcoin\u00a0rally"},"content":{"rendered":"\n
Today,\u00a0the\u00a0larger\u00a0cryptocurrency\u00a0market\u00a0is\u00a0up\u00a05%.\u00a0<\/h5>\n\n\n\n
\"Bitcoin\u00a0(BTC)\u00a0reclaims\u00a0$41,000,\u00a0with\u00a0Terra's\u00a0LUNA\u00a0leading\u00a0the\u00a0altcoin\u00a0rally\n\"<\/figure><\/div>\n\n\n\n

Bitcoin\u00a0(BTC)\u00a0has\u00a0rebounded\u00a0<\/a>7%\u00a0to\u00a0$41,500\u00a0levels,\u00a0which\u00a0is\u00a0a\u00a0surprising\u00a0move.\u00a0Following\u00a0a\u00a0period\u00a0of\u00a0high\u00a0volatility\u00a0in\u00a0the\u00a0market,\u00a0the\u00a0market\u00a0has\u00a0recently\u00a0rebounded.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The\u00a0anticipated\u00a0executive\u00a0order\u00a0from\u00a0the\u00a0Biden\u00a0administration\u00a0appears\u00a0to\u00a0be\u00a0getting\u00a0a\u00a0thumbs\u00a0up\u00a0from\u00a0the\u00a0market.\u00a0<\/p>\n\n\n\n

Given\u00a0the\u00a0current\u00a0geopolitical\u00a0circumstances\u00a0resulting\u00a0from\u00a0the\u00a0ongoing\u00a0Russia-Ukraine\u00a0military\u00a0crisis,\u00a0Bitcoin\u00a0and\u00a0the\u00a0crypto\u00a0market<\/a>\u00a0as\u00a0a\u00a0whole\u00a0can\u00a0play\u00a0a\u00a0significant\u00a0role.<\/p>\n\n\n\n

Commodity\u00a0prices\u00a0have\u00a0been\u00a0rising\u00a0recently,\u00a0with\u00a0gold\u00a0taking\u00a0center\u00a0stage.\u00a0Risk\u00a0assets,\u00a0such\u00a0as\u00a0Bitcoin\u00a0and\u00a0stock,\u00a0have,\u00a0on\u00a0the\u00a0other\u00a0hand,\u00a0experienced\u00a0significant\u00a0losses.<\/p>\n\n\n\n

\u00a0However,\u00a0according\u00a0to\u00a0Santiment,\u00a0an\u00a0on-chain\u00a0data\u00a0provider,\u00a0crypto\u00a0debates\u00a0are\u00a0picking\u00a0more\u00a0steam.<\/p>\n\n\n\n

\"Bitcoin\u00a0(BTC)\u00a0reclaims\u00a0$41,000,\u00a0with\u00a0Terra's\u00a0LUNA\u00a0leading\u00a0the\u00a0altcoin\u00a0rally\n\"<\/a><\/figure><\/div>\n\n\n\n

DBS Holdings Group Ltd. Chief Executive Officer Piyush Gupta stated in his recent report on March 9 that private cryptocurrencies such as Bitcoin will continue to emerge as a substantial store of wealth. He continued, “<\/p>\n\n\n\n

Regulators and politicians \u201cwill be loath to give up control of monetary policy and economic management tools, and will therefore be very circumspect about letting private money grow. Having said this, I do think that private money (crypto) will continue to grow as a meaningful store of value, much like gold is today.\u201d<\/em><\/p><\/blockquote>\n\n\n\n

Terra's LUNA leads while altcoins<\/strong> follows<\/strong><\/h4>\n\n\n\n

The altcoin market is bouncing back in a similar way to Bitcoin. Ethereum (ETH) <\/a>is up 6% and is presently trading at $2,708 with a market capitalization of $324 billion dollars.<\/p>\n\n\n\n

With\u00a0a\u00a0healthy\u00a018\u00a0percent\u00a0rise,\u00a0Terra's\u00a0LUNA\u00a0is\u00a0leading\u00a0the\u00a0altcoin\u00a0market\u00a0boom.\u00a0At\u00a0the\u00a0time\u00a0of\u00a0publication,\u00a0LUNA\u00a0was\u00a0trading\u00a0at\u00a0$94.\u00a0<\/p>\n\n\n\n

LUNA\u00a0has\u00a0also\u00a0demonstrated\u00a0excellent\u00a0durability\u00a0throughout\u00a0recent\u00a0market\u00a0volatility,\u00a0resulting\u00a0in\u00a0strong\u00a0returns\u00a0for\u00a0investors.\u00a0Analysts\u00a0predict\u00a0that\u00a0LUNA\u00a0will\u00a0break\u00a0through\u00a0$100\u00a0and\u00a0set\u00a0a\u00a0new\u00a0all-time\u00a0high.<\/p>\n","protected":false},"excerpt":{"rendered":"

Today,\u00a0the\u00a0larger\u00a0cryptocurrency\u00a0market\u00a0is\u00a0up\u00a05%.\u00a0 Bitcoin\u00a0(BTC)\u00a0has\u00a0rebounded\u00a07%\u00a0to\u00a0$41,500\u00a0levels,\u00a0which\u00a0is\u00a0a\u00a0surprising\u00a0move.\u00a0Following\u00a0a\u00a0period\u00a0of\u00a0high\u00a0volatility\u00a0in\u00a0the\u00a0market,\u00a0the\u00a0market\u00a0has\u00a0recently\u00a0rebounded. The\u00a0anticipated\u00a0executive\u00a0order\u00a0from\u00a0the\u00a0Biden\u00a0administration\u00a0appears\u00a0to\u00a0be\u00a0getting\u00a0a\u00a0thumbs\u00a0up\u00a0from\u00a0the\u00a0market.\u00a0 Given\u00a0the\u00a0current\u00a0geopolitical\u00a0circumstances\u00a0resulting\u00a0from\u00a0the\u00a0ongoing\u00a0Russia-Ukraine\u00a0military\u00a0crisis,\u00a0Bitcoin\u00a0and\u00a0the\u00a0crypto\u00a0market\u00a0as\u00a0a\u00a0whole\u00a0can\u00a0play\u00a0a\u00a0significant\u00a0role. Commodity\u00a0prices\u00a0have\u00a0been\u00a0rising\u00a0recently,\u00a0with\u00a0gold\u00a0taking\u00a0center\u00a0stage.\u00a0Risk\u00a0assets,\u00a0such\u00a0as\u00a0Bitcoin\u00a0and\u00a0stock,\u00a0have,\u00a0on\u00a0the\u00a0other\u00a0hand,\u00a0experienced\u00a0significant\u00a0losses. \u00a0However,\u00a0according\u00a0to\u00a0Santiment,\u00a0an\u00a0on-chain\u00a0data\u00a0provider,\u00a0crypto\u00a0debates\u00a0are\u00a0picking\u00a0more\u00a0steam. DBS Holdings Group Ltd. Chief Executive Officer Piyush Gupta stated in his recent report on March 9 that private cryptocurrencies such as Bitcoin will continue to emerge as a substantial store of wealth. He continued, “ Regulators and politicians \u201cwill be loath to give up control of monetary policy and economic management tools, and will therefore be very circumspect about letting private money grow. Having said this, I do think that private money (crypto) will continue to grow as a meaningful store of value, […]<\/p>\n","protected":false},"author":32,"featured_media":20417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81,83,76,26],"tags":[5561,7979],"class_list":["post-20412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","category-bitcoin-news","category-bitcoin-price","category-cryptocurrencies","tag-btc-2","tag-terra-luna"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/Screenshot-2022-03-08-225039.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=20412"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/20412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/20417"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=20412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=20412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=20412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}