Bitcoin price target now $29K, trader warns after Terra weathers $285M 'FUD' attack

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Bitcoin price target now $29K, trader warns after Terra weathers $285M 'FUD' attack
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Bitcoin heads past ten-week lows as Terra 'FUD' sees nearly $300 million of UST sales.

to back its U.S. dollar stablecoin, TerraUSD , saw its first major test as a market participant mass sold UST worth almost $300 million."Today's attack on Terra-Luna-UST was deliberate and coordinated," Caetano Manfrini, legal officer at Brazilian crypto business forum GEMMA,"Massive 285m UST dump on Curve and Binance by a single player followed by massive shorts on Luna and hundreds of twitter posts. Pure staging. The project is bothering someone.

Do Kwon, the Terra co-founder now well known for both his Bitcoin buys and social media engagement, remained conspicuously cool.I'm afraid you will be waiting until the age of men expiresThe map of continents have been drawn anew

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