Terra, Shiba & Bitcoin – American Wrap 03 June

Bitcoin price has been consolidating since the May 12 crash and has stayed relatively flat from a macro standpoint. As a result of this consolidation, BTC could be preparing for a volatile move that will shock investors.

LUNA 2.0 price recovers as Do Kwon may not go to prison

LUNA 2.0 price started its recovery after the bloodbath as Korean authorities revealed prison time may be unlikely for Do Kwon. The Terraform Labs CEO could instead be hit by fines and penalties from regulators and lawsuits from investors, on account of the colossal UST and LUNC (previously LUNA) crash. 

How Shiba Inu price is at a make or break point

Shiba Inu (SHIB) price is set to deliver a very bullish signal to the markets as price action during the ASIA PAC session has started knocking up against a red descending trend line. That trend line has been the backbone of the downtrend that started in mid-April. A breakout above would trigger a jump back up towards $0.00001708 and make 55% of added value.


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