The flurry of investment came as bitcoin (BTC) dipped to as low as $25,892 on Thursday amid fears Luna Foundation Guard, the organization that was supposed to support UST in a crisis, might panic-sell its reserve of roughly 80,000 bitcoin. The price of bitcoin recovered most if its losses late last week to change hands around $30,000, a significant psychological level.
Source: https://www.coindesk.com/markets/2022/05/16/crypto-funds-saw-years-highest-inflows-as-terra-crisis-crashed-markets/?utm_medium=referral&utm_source=rss&utm_campaign=headlines