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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Bitcoin suddenly retests $50K in possible ‘shakeout’ as analysts stay bullish on BTC

A classic volatility surprise excites rather than concerns traders, but altcoins lose out heavily.

Bitcoin (BTC) kept traders on their toes on Tuesday as a sudden price dip sparked a retest of $50,000. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

BTC still “fine” at $49,000

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it shed $2,000 in two hours Tuesday.

The pair had hit $52,960 — nearly a four-month high — before consolidating and then heading lower.

The volatile conditions mark a memorable day for Bitcoin adoption, coming as El Salvador becomes the first country in history to adopt a partial “Bitcoin standard.”

For traders, the BTC price reversal, which at the time of writing had cooled at $50,500, was likely merely a technical event.

“Shaking out some late longs I’d expect,” popular social media trader Crypto Chase commented.

“Still confident we see 54.7K~ hit as long as 50K can hold as support (fairly obvious 12HR level to work with here).”

As Cointelegraph reported, funding rates this week signaled bullish bias, with expectations of profitable shorts providing a potential opportunity for a squeeze upward.

Cointelegraph contributor Michaël van de Poppe agreed, highlighting even $49,000 as a reasonable target, which would still give no cause for concern.

“Test happening!” he subsequently tweeted.

Major altcoins erase days of gains

Altcoins felt the pain of Bitcoin’s retest more acutely.

Related: These 3 altcoins mooned as Bitcoin price rallied to $52,000

Ether (ETH), the largest altcoin by market capitalization, was down 5.9% on the day at $3,715, while Cardano (ADA) shed 11.2%.

Solana (SOL) was the day’s only winner yet again out of the top 10 cryptocurrencies, impressively gaining nearly 25% in 24 hours.

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