There appears to be a synergy between bitcoin and the Terra ecosystem, according to Lucas Outumuro, head of research at IntoTheBlock, a crypto data company. “UST benefits from having additional backing and bitcoin benefits not just from the buying pressure, but also from having a stable medium of exchange backed by BTC,” Outumuro wrote in an email to CoinDesk.
Market Wrap: Bitcoin Rallies as Crypto Holders Accumulate – CoinDesk
