It's been months since the Terra ecosystem collapsed, but this week saw multiple new developments on that front. LUNC reacted positively.
LUNC Spikes 25% Weekly on Do Kwon’s Claims, BTC Rejected at $20K: This Week’s RecapIt’s been months since the Terra ecosystem collapsed, but this week saw multiple new developments on that front. LUNC reacted positively.
The situation changed on Tuesday when it initiated an impressive leg up, resulting in a price surge to over $20,000 for the first time in 12 days. However, the bears tightened their grip on the market and pushed the asset south. In a matter of hours, BTC had dropped below $18,500. Nevertheless, it bounced off and has returned to a familiar trading range between $19,000 and $20,000.
ETH continues to underperform. In the two weeks since the Merge took place, the second-largest crypto lost over $400 at one point. The past seven days saw a push to $1,400, which was halted in its tracks, and ETH is back down to around $1,300.
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