Terra Bought $10 Billion Worth Of Bitcoin

Terra bought $10 billion worth of Bitcoin. After this purchase, there was activity in the cryptocurrency market.

Both the war between Russia and Ukraine and the reasons such as the FED interest rate increase caused the Bitcoin price to be suppressed and dropped below 35 thousand dollars. Recent developments have ignited the fuse. The fact that the Federal Reserve (Fed) meeting was behind, the war's expectations that the war would end, and more government agencies' interest in cryptocurrencies eased the pressure on the Bitcoin price. While the use of cryptocurrencies was an important factor during the war, there was also supportive news from the Terraluna ecosystem. The Terra ecosystem, which launched the UST stable currency, has set aside a $10 billion fund to support it. Bitcoin (BTC) is purchased by sending USDT piecemeal to exchanges. It has not been announced when this process will be completed. When this big purchase move was added to other positive news, the price of Bitcoin jumped above $ 40 thousand and, contrary to the predictions, managed to hold on here. If there is a slight increase in daily and weekly closings, the expectation is high in April.