‘Kwontitative easing’ — BTC price hits $43K in UST as Terra empties $2.2B BTC bag

Cointelegraph

Published May 10, 2022 03:43AM ET

Updated May 11, 2022 05:40AM ET

Bitcoin (BTC) fell below $30,000 for the first time in ten months on May 10 as turmoil at Blockchain protocol Terra continued.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD plumbing lows of $29,731 on Bitstamp.

Luna Foundation Guard (LFG) Bitcoin wallet (screenshot). Source: BitInfoCharts
LUNA/USD 1-day candle chart (Binance). Source: TradingView

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