Author: mbcrypto

Don’t panic we’ve been through this before also.Individual markets, such as cryptocurrencies, stocks or commodities, and the economy as a whole, experience cycles of expansion and contraction It is like the economy is breathing. There are periods when practicallyeverything goes up and others when almost everything goes down

Bitcoin has gone through multiple cycles in the past, and has alwaysbounced back, with a vengeance. In fact, in history, 100% of the people whohave bought and waited 4 years or more. have seen their investment grow.History does not have to repeat itself, but it is a very good precedent.The investment horizon is key. It is very difficult to know what will happentomorrow. On Wall Street there are physicists and mathematicians who tryand almost always fail. But as we extend the time horizon, the trend iseasier to predict.

Bitcoin broke the key $28,500 support zone against the US Dollar. BTC is down 10% and might even decline below the $25,000 support zone.

• Bitcoin extended its decline below the $28,500 and $26,500 support levels

• The price is now trading below the $28,500 level and the 100 hourly simple moving average.

• There is a key bearish trend line forming with resistance near $27,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).

• The pair could continue to move down below the $25,000 support zone in the near term.

The crypto community has predicted that Bitcoin’s price will surge more than 30% and reach $41,175 by June 30, 2022. This forecast is based on the last six predictions of the crypto community with 80% of prediction accuracy. Bitcoin is currently trading at $28,696 after a 24-hour decline of more than 4%.

The global crypto market jitters over the US inflation rate accelerating to a new 40-year high. Despite Friday’s sell-off, The Bitcoin Fear & Greed Index saw a modest rise during early Asian trading hours. The bearish session saw bitcoin fall to sub-$29,000 before finding support.With the Bears over the control, Bitcoin has experienced a downfall with the lowest price of $26,700. Whereas, now the Crypto king has taken a surge in its price by 18% up from its earlier lowest.

Coinmarketcap community Predicts that Bitcoin Price will Surge 30.06% and reach $41,175 by June 30, 2022. This forecast is based on the last six predictions of the crypto community with 80% of prediction accuracy.The given target is based on the average of votes by 34,436 members.

As news has been spread about Jack Dorsey’s Block intending to focus on Webs that will be based entirely on Bitcoin, some on crypto Twitter began making predictions joking that Elon Musk might want to build webs based on Dogecoin.

Here’s what Tesla boss and the most influential DOGE fanMusk thinks about this idea.

Jack Dorsey, who is now completely focused on Block (formerly known as Square) and Bitcoin, starting to build Web5 based on the world’s flagship cryptocurrency as opposed to Web3, which many Bitcoiners believe to be centralized and being financed by venture capitalists.

Among these believers is Jack Dorsey himself too.Dorsey believes that Bitcoin will play a leading role in the evolution of the Internet, thus is making a bet on BTC as basis for Webs as opposed to Web3 which intends to decentralize the internet based on blackchain in general and on tokenization.

SHIB burn rate up by 113% as 84 million tokens burned in 24 hours.

More than 84 million Shiba Inu tokens have been burned over the last 24 hours.This has resulted in SHIB burn rate going up by 113%. With more than 410 trillion Shiba Inu tokens burned from the initial supply so far, the coin’s current circulating supply stands at around 556 trillion.

According to the SHIBA INU website, SHIB is the “DOGECOIN KILLER” and is listed on their own ShibaSwap, a DEX. Shiba Inu coin was created anonymously in August. 2020 under the pseudonym . Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming.

Shiba Inu aims to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. Shiba Inu and the SHIB token are part of a swarm of dog-themed cryptocurrencies, including Baby Dogecoin (Baby Doge), Dogecoin (DOGE), JINDO INU (JIND), Alaska Inu (LAS) and Alaskan Malamute Token (LASM). These lesser-valued tokens have attracted investors who missed the Dogecoin pump from 0.0002 to nearly 0.75 USD.

Terra Founder sent $80 million in LUNA and UST to his wallets every month.According to a report by FXStreet, Founder of Terra, Do Kwon, took care of his own welfare before LUNA and UST crashed by moving $80 million worth of these coins to his wallets and cashing them out. FXStreet cites staffers of the SEC as the source. Terra and its Founder, Do Kwon, are currently being investigated by the U.S. SEC.

According to a report by FXStreet, founder of Terra Do Kwon had taken care of his own welfare before LUNA and UST crashed by moving $80 million worth of these coins to his wallets and cashing them out. Terra and its founder Do Kwon are currently being investigated by the U.S. SEC as they suspect Kwon of money laundering. Now, the SEC is investigating the collapse of LUNA and UST.

According to the news resources the SEC reported that more than $80 million worth of LUNA (now rebranded as LUNC) and UST were moved from the company’s funds on a monthly basis and sent to various wallets, which seemingly belonged to Do Kown, to cover operational expenses.

According to the SEC, the Terra chief began withdrawing these funds several months before the crash of Terra’s tokens. Therefore, the regulatory agency found this suspicious and related to money laundering.As per an unnamed high-ranked Terra employee, Kwon did not receive any official payments from Terra.

Crypto Twitter has shown a somewhat neutral reaction to the fact of the Terra founder stealing from it right before the collapse. However, some people have become indignant.

Bitcoin trading at above $30,000 level, trading volume up nearly 5% in 24 hours. Its current trading volume is $25 billion, up by 5%. In the last 24 hours, the cryptocurrency saw its price hit the lowest at $29,732.91, while the highest it hit during the period is $30,609.31.

The live Bitcoin price today is $30,018.94 USD with a 24 hour trading volume of $25,24,09,25,094 USD.Bitcoin is down 1.19% in the last 24 hours.It has a circulating supply of 1,90,63,637 BTC coins and a max. supply of 2,10,00,000 BTC coins.

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Dogecoin (DOGE) has seen its price fall by 1.43% in the last 24 hours and is currently trading at $0.07919.The meme coin has a 24-hour trading volume of $303,417,826. Its market value is at over $10 billion, making it the 10th largest crypto in the world.

Dogecoin market cap plunged more than $6 billion in May.

Dogecoin was among the hardest hit cryptocurrencies during the market crash of May, with it losing a market capitalisation of more than $6 billion. It had a market capitalisation of $17,615,033,707 on May 1, which later plunged to $11,391,726,302 on May 31. The report noted that an overall bearish market led to Dogecoin’s sinking market capitalisation.

Binance exchange has announced the promotional offer “Binance learn and stake” for new users; allowing them to earn free Shiba Inu (SHIB) tokens. A total of 45,000 SHIB are up for grabs after new users complete an online course and quiz. The SHIB rewards are to be automatically staked for 150 days, where users can enjoy 100% APY.

As stated in an official blog post, all new users who registered for a finance account by 7:00 am. (UTC) on June 9 and complete KYC are eligible for the giveaway until token supplies are exhausted,GBP£24,090.1 (-049%)

In March, Binance announced a $100,000 giveaway for Popular Shiba Inu’s new users, Binance originally listed Shiba Inu in May 2021, becoming one of the first major trading platforms to embrace the meme cryptocurrency. Shiba Inu SEC Investigating $60 Billion Terra Implosionlater went live in September of the same year on Binance US, the company’s U.S. based subsidiary

The top crypto exchange continues to expand support for the meme cryptocurrency with Binance Custody, the custodial arm of the crypto exchange, listing Shiba Inu. Binance added a new SHIB tradingpair, SHIB/CHP, in early May.

SHIB remains one of the most used smart contracts among the top 5.000 ETH whales in the last 24 hours. The top 2,000 ETH whales are also hodling $627,160,917 SHIB.

World’s largest cryptocurrency Bitcoin has fallen around 0.34% in the last 24 hours and is currently trading at $30,459.The current market value of Bitcoin is over $580 billion. In the last 24 hours, the crypto saw its price hit the lowest at $30,015.98, while the highest it hit in the period is $30,775.42.

The live Bitcoin price today is $30,150.59 USD with a 24 hour trading volume of $24,85,14,39,610 USD.Bitcoin is down 0.64% in the last 24 hours.It has a circulating supply of 1,90,62,762 BTC coins and a max. supply of 2,10,00,000 BTC coins.

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person or organization that is behind the alias remains unknown.

Dogecoin (DOGE) has seen its price surge 0.60% in the last 24 hours and is currently trading at $0.08073.It is currently the world’s 10th largest cryptocurrency with a market value of over $10 billion. In the last 24 hours, its highest price has been $0.0809, while the lowest has been $0.07908.

The live Dogecoin price today is $0.079774 USD with a 24 hour trading volume of $27,51,90,207 USD.Dogecoin is down 0.17% in the last 24 hours.It has a circulating supply of 1,32,67,07,64,300 DOGE coins.

Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013.

Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.