Bitcoin Holds Steady as Luna Foundation Guard Slows Purchases

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“The foundation had a trading hiatus after Monday’s big purchase. It is back today [snapped up 2,942 BTC],” Arcane Research’s Vetle Lunde told CoinDesk in a Twitter chat. “Last week, LFG sent $125 million worth of USDT across all weekdays and $160 million on Saturday to Jump Trading, who executed the BTC trades quickly thereafter.” USDT is the symbol for tether, the world’s largest stablecoin by market value.

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