Summary:
LUNA – the cryptocurrency behind the Terra ecosystem – is going through major volatility at the time of this writing. In the past hour alone, LUNA’s price skyrocketed by a whopping 150% and almost touched . The move happened with significant volume relative to that of previous days. LUNA’s price exploded by a stunning 150% in about an hour and is currently trading at around .7, as seen in the chart below. Source: Binance via TradingView It’s also evident that the volatility has picked up tremendously, as the subsequent candle also had an amplitude of about 20%. This resulted in a considerable number of liquidations for that particular cryptocurrency. In less than an hour, almost million in leveraged positions were wiped off the market. It’s also worth noting that
Topics:
George Georgiev considers the following as important: AA News, Terra (LUNA)
This could be interesting, too:
LUNA – the cryptocurrency behind the Terra ecosystem – is going through major volatility at the time of this writing. In the past hour alone, LUNA’s price skyrocketed by a whopping 150% and almost touched . The move happened with significant volume relative to that of previous days. LUNA’s price exploded by a stunning 150% in about an hour and is currently trading at around .7, as seen in the chart below. Source: Binance via TradingView It’s also evident that the volatility has picked up tremendously, as the subsequent candle also had an amplitude of about 20%. This resulted in a considerable number of liquidations for that particular cryptocurrency. In less than an hour, almost million in leveraged positions were wiped off the market. It’s also worth noting that
Topics:
George Georgiev considers the following as important: AA News, Terra (LUNA)
This could be interesting, too:
Wayne Jones writes Beyond Hacks: Vitalik Buterin Calls for Wallet Solutions to Address Crypto Loss
Chayanika Deka writes Internal Conflict at Thorchain as North Korean Hackers Leverage Network for Crypto Laundering
Chayanika Deka writes Consensys and SEC Reach Agreement to Dismiss MetaMask Securities Case
Chayanika Deka writes Meme Coins Do Not Qualify as Securities: SEC Confirms
LUNA – the cryptocurrency behind the Terra ecosystem – is going through major volatility at the time of this writing.
In the past hour alone, LUNA’s price skyrocketed by a whopping 150% and almost touched $5. The move happened with significant volume relative to that of previous days.
- LUNA’s price exploded by a stunning 150% in about an hour and is currently trading at around $4.7, as seen in the chart below.
- It’s also evident that the volatility has picked up tremendously, as the subsequent candle also had an amplitude of about 20%.
- This resulted in a considerable number of liquidations for that particular cryptocurrency. In less than an hour, almost $7 million in leveraged positions were wiped off the market.
- It’s also worth noting that the move comes shortly after LUNC – the cryptocurrency that powers the classic version of Terra’s ecosystem – skyrocketed by about 100% weekly.
- The latter happened because major exchanges such as KuCoin and GateIO extended support for the protocol’s tax-burn mechanism.