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BTC price almost clears $43.5K with Terra $125M Bitcoin buy-ins gathering pace

talalbaig4

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Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to crack and secure its highest levels in weeks Thursday.

The pair had consolidated day before, the sideways action on lower timeframes giving way to a “grind” upwards, which took Bitcoin to $43,492 — a price last seen March 3.

Terra, which had become a focus of attention over plans for a giant $10 billion BTC allocation, had sent Tether (USDT) from its alleged wallet worth almost $750 million at the time of writing.

Terra co-founder, Do Kwon, had at first given a $10 billion target for backing the firm's new U.S. dollar stablecoin, followed by $3 billion in an interview at the weekend, but on Tuesday reconfirmed that the ultimate goal was $10 billion.


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