🚀 ANNOUNCEMENT 🚀
Terraport v3 has been released!🎉
🔗https://t.co/r0x1FB14nn
Towards a new era of building and growth in the #TerraClassic and #LUNC ecosystem.🎇
Recent $TERRA burns
Last three weeks = 38k / 80.2k / 124.75k
Trading again dominated by $Rakoff creates another MASSIVE 55% increase in $TERRA burns with 0.16% reduction in circulating supply.
Supporting building on #Terraport not only attracts investment it adds value by burning, and it burns loads of $LUNC as well.
Recent $TERRA burns
Last week = 38k
This week = 80.2k
Trading dominated by $Rakoff has created a MASSIVE 110% increase in weekly burns of $TERRA.
This is 0.1% of circulating supply.
Supporting building on #Terraport not only attracts investment it adds value by burning $TERRA, and $LUNC and creates rewards for $TERRA holders from trading fees.
https://t.co/aDJw33FfwX
As a reminder to anyone affected by the liquidity providers hack below are full details for the proposed compensation package.
Many large wallets are foregoing compensation to help the recovery so please make it clear whether you wish to receive it or not.
JUST IN: 🇺🇸 US PayPal users can now purchase the following cryptocurrencies through MoonPay:
• Solana
• Cardano
• Polkadot
• Chainlink
• Shiba Inu
• Dogecoin
Introduction to the exchange function on #Terraport.
Watch the video below, and if you want to support us, supporting you, like, share and subscribe. ❤️
https://t.co/KFwFJlmY6c
Why Is #Bitcoin Dumping?
1) Iran-Israel War Situation
Just a few minutes ago, the former Mossad intelligence chief said that they could strike Iran nuclear facilities.
This is a massive statement and could even lead to the WWIII situation.
This is causing panic in the market, which is dumping BTC and crypto.
2) Powell turning hawkish
Yesterday, Powell said that they're still not very confident about inflation and could keep the interest rates for longer.
The market was anticipating a rate cut in June, but now there's even a 1% probability of a rate hike.
3) Retail greed
Retail has become too greedy and longing every every dip with high leverage.
Despite recent corrections, the funding rate was still positive, which shows that the market is still greedy.
Unless and until we see a full reset or even negative funding for some time, the market could keep going sideways/down
BITCOIN BULLISH BREAKOUT
Bitcoin is forming an inverse head-and-shoulder pattern in the weekly timeframe.
IMO, there could be a last drop towards $56k before a new ATH.
Once BTC closes a weekly candle above $79k, it's over for bears.