Luna Classic (LUNC) price rises by 20% at press time on Friday, a week before its founder Do Kwon’s sentencing hearing over the $40 billion Terra collapse fraud. A boost in token burn of over 959 billion LUNC so far in December inflates demand artificially by reducing available supply.
Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, struggles to capitalize on the overnight bounce from its lowest level since late October and trades with a mild negative bias during the Asian session on Friday.