Bitcoin (BTC) returned to $ 43,000 on March 24 when new purchases of the Terra blockchain protocol increased optimism.

Hourly candlestick chart BTC / USD (bit stamp). Source: Trading View
Bitcoin purchases continue
Data from Cointelegraph Markets Pro and TradingView showed that BTC / USD tried to break through and consolidate its multi-week highs on Thursday.

The pair had consolidated the day before, with a sideways movement on the lower time frame that gave way to a bullish polish, sending Bitcoin up to $ 43,492, the price last seen on March 3rd.

Terra, which has come under the spotlight due to plans to distribute a gigantic value of 10 billion dollars in BTC, has sent Tether (USDT) from its alleged portfolio of around 750 million dollars at the time of writing.

Terra Do Kwon co-founder first set a $ 10 billion target to support the new US dollar stack coin, then offered $ 3 billion in an interview over the weekend, but confirmed Tuesday that the final target was $ 10 billion.

But as liquidity seemed to be on its way, the mood among traders moved towards confidence along with the spot rate.

The popular Credible Crypto Twitter account is specifically aimed at those who want to buy for less than $ 40K.

Trader Pentoshi added about Terra purchases against the fixed Bitcoin bid: “2.5 – 3k BTC per day over a long period = big impact.”

Bentoshi continued that such a move could attract the attention of potential investors in an atmosphere where mainstream consumer interest in bitcoin is at its lowest macroeconomic level. And summed up:

“Those with shorts should cover higher at some point as the supply itself disappears. The small becomes more. This clip can bring back the monkeys, as (Kwon) is the monkey master.”
The president of El Salvador spoke out against the US threat
Elsewhere, there is no news that El Salvador has postponed the issuance of a so-called “volcanic bond” with Bitfinex until September to ease the mood.

Related: Here’s Why Bitcoin Bulls Defended $ 42,000 Before Friday’s Expiration of $ 3.3 Billion BTC Options

A $ 1.5 billion 10-year bond issue was rumored to qualify for a $ 1.5 billion interest rate, and El Salvador President Neb Bokl continued to speak honestly on social media as U.S. lawmakers stepped up efforts to investigate bitcoin adoption. in the country. .

Source: CoinTelegraph

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