Terra’s LUNA Jumps 15% as UST Stablecoin Gets $1B Bitcoin Reserve

The cryptocurrency has risen nearly 15%, topping the $55 mark, outshining crypto market leader bitcoin’s near 4% rise by a significant margin, CoinDesk data show. Other notable gainers on the list of coins with at least $1 billion market value are blockchain-like public network Hedera’s HBAR token, up 14.5%, and Avalanche’s AVAX cryptocurrency, up 12%.

This article originally appeared on https://www.coindesk.com/markets/2022/02/23/terras-luna-jumps-15-as-ust-stablecoin-gets-1b-bitcoin-reserve/