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Terra Luna Classic price prediction remains slightly bullish above the $0.00022 level, which is supported by a triple bottom pattern. The Terra Luna Classic has been struggling in the market for many months, particularly since rebranding in the aftermath of the collapse of the original Luna cryptocurrency.  The recent decline in crypto shows that traders have not yet gained full confidence in the network, which is also the reason for the market's low to no volatility.  But recently, Terra LUNA Classic has recently gained a slight bullish momentum; can LUNC reach $1 parity? Let's find out!   Profit Withdrawals from Investors The Federal Reserve's comments regarding the ease of inflation measures triggered this week's surge in LUNC prices. The comments sparked a massive rally in the stock market , and the strong correlation between stocks and cryptos caused optimism to spill over into the bleak crypto market.  As a result, many cryptocurrencies, inc...

According to a new study, investors are increasingly looking into Bitcoin (BTC) as a safe haven. According to strategists at the Bank of America, the increasing correlation between Bitcoin and Gold (XAU) is a signal that investors’ confidence is increasing toward BTC. The BTC and gold correlation has been increasing since September and hit a yearly high in early October. As per the Bank of America strategists, Bitcoin is a fixed supply asset, and “may become an inflation hedge.” Source: Bank of America, CoinTelegraph The increase in the BTC/XAU correlation is one symptom of increased investor trust in Bitcoin as a store of value, but it is not the only one. Additionally, the correlation between BTC and popular stocks like the S&P 500 (SPX) and Nasdaq 100 (QQQ) has also grown. On September 13th, the correlation between BTC and both SPX & QQQ was at an all-time high. Massive Bitcoin transfers from exchanges to private or self -hosted wallets were also...