bitcoin's rally above $25K was quickly snuffed out late Thursday, in part as the SEC reopened some old wounds with its lawsuit against Terraform Labs and its co-founder Do Kwon. JamieCrawleyCD reports
, the company behind failed stablecoin Terra USD, and its co-founder Do Kwon for fraud and the sale of unregistered securities, among other claims. The SEC alleged that investors were misled about the stability of the algorithmic stablecoin UST, the depegging of which from the U.S. dollar “spelled doom for the entire Terra ecosystem.
The indicator has bounced from 1.00. Values greater than one suggest coins moved are, on average, selling at a profit . "BTC STH-SOPR bouncing off 1. A good signal that the asset has entered a more prolonged bullish period as short-term traders become more constructive," Decentral Park Capital's portfolio manager Lewis Harland, said in a market update.
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