Analysis Crypto by Thebittimes.Com

Terra Luna Classic ecosystem has unveiled a comprehensive security upgrade and seen a notable increase in trading activities.  The strategic enhancement is designed to fortify the chain against security vulnerabilities and bolster its resilience. The Terra Luna Classic community has welcomed this initiative, which is evident in the positive market response. Data from CoinMarketCap indicates a notable uptick in the trading activity of LUNC, Terra Classic’s native token. LUNC’s 24-hour trading volumes surged by approximately 6%. Concurrently, the market capitalization of Terra Classic experienced a substantial boost, escalating by over $60 million in the preceding week. The token’s value has also seen a 10% increase within the same period. Hearing from the #LUNC community needs, the JL1TF has carefully crafted a Core security upgrade package to address the security risks, lack of new features originated from legacy components of Terra Classic. Successfully updating these c...

Bitcoin price recaptured the $22,000 level, but pending regulatory action against stablecoins and today's CPI report are front of mind for many investors. After twenty days of holding the $22,500 support, Bitcoin (BTC) price finally broke down on Feb. 9. Bullish traders had placed their hope on a sustained rally, but this has been replaced by a tight trading range with resistance at $22,000.  The downtrend is even more concerning since the S&P 500 is trading near its highest level in six months, yet the wider crypto market continues to correct. Regulatory pressure, mainly in the United States, can explain Bitcoin's recent lackluster performance. For starters, on Jan. 9, Kraken exchange reached an agreement with the United States Securities and Exchange Commission (SEC) to stop offering staking services to U.S. clients. The crypto also firm agreed to pay $30 million in disgorgement, prejudgment interest and civil penalties. On Feb. 10, cryptocurrency lending firm Nexo Capit...