Bitcoin price stuck below $29K as Terra comes back from the dead
— Volatility behavior, Bounce higher, Engineer liquidity, Cointelegraph markets pro — 1 min read
Bitcoin (BTC) analysts faced another day of frustration on May 28 as BTC/United States dollar refused to offer volatility up or down. U.S. dollar index (DXY) circled 101.6 on the day, down from highs of 105, which had marked a peak last seen in late 2002. Concern was mounting over other major altcoin projects, notably Celsius (CEL), which had managed to drop from $0.80 to around $0.50 in under a week. Terra co-founder Do Kwon confirmed the launch of the new mainnet for in-house token Terra (LUNA) token. Dogecoin (DOGE) saw noticeable moves, this time to the upside to reclaim $ 0.08. Source