Author: mbcrypto

As stocks plummet and inflation surges, cryptocurrencies appear to be following suit.In the past six months, Bitcoin, the largest cryptocurrency by market capitalization, has lost about half of its value.

Currently, Bitcoin is selling at an average price of $29,700, and Glassnode has recorded an outflow of almost $1.3 billion, with a net discharge of nearly $700 million.

Bitcoin At An Inflection Point

A senior market expert at Bloomberg Intelligence has cautioned that Bitcoin is at a so-called “inflection point,” which indicates that the cryptocurrency is positioned on a curve where it may rise or fall.

A portion of the uncertainty leading investors toshun risky assets like cryptocurrencies isundoubtedly attributable to rising interest rates.

With rising interest rates, tech stocks andcryptocurrencies have been severely impacted.Currently, cryptocurrency is tied to the markets, which many think is not good for investors in the near term.

More than 293 mn Shiba Inu tokens burned in 24 hrs with 7 transactions.

A total of 293,930,171 Shiba Inu tokens worth around $3,170 were burned from Saturday morning to Sunday morning, data by Shibburn revealed. It took seven transactions to send these tokens to dead wallets. One of the most significant transactions that contributed to the latest burn was of 229 million tokens.

The live Shiba Inu price today is $0.00001100.

Shiba Inu (SHIB), the self-proclaimed ‘Dogecoin killer’, is a meme-coin that has a lot of social media hype behind it. Shiba Inu (SHIB) is based on Ethereum, the world’s second-largest cryptocurrency after Bitcoin.
After the Shiba Inu coin showed an increase in price in 2021, the meme coin fell by more than 60% compared to its all-time high in October last year.

Solana surges the most among 10 largest cryptos in last 24 hrs.

Ninth-largest cryptocurrency Solana saw a jump of 3.12% in the past 24 hours, marking the biggest rise among the 10 largest cryptocurrencies. It is currently trading at $38.05. However, Solana, which has a market capitalisation of over $12 billion, saw the maximum fall in price among the 10 largest cryptocurrencies in last seven days by 9.74%.

The live Solana price today is $38.38 USD with a 24-hour trading volume of $91,25,51,475 USD.Solana is up 3.55% in the last 24 hours.It has a circulating supply of 33,98,06,585 SOL coins and the max.

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

Bitcoin stays below $30,000-mark, rises 0.68% in last 24 hrs.

Bitcoin, the world’s largest cryptocurrency in terms of market capitalisation, continues to stay below the $30,000 mark. With an increase of 0.68% in the last 24 hours, it is currently trading at $29,799.77. The total market capitalisation of Bitcoin is measured to be above $567 billion.

The live Bitcoin price today is $29,704.15 USD with a 24 hour trading volume of $15,95,43,50,550 USD.Bitcoin is up 0.16% in the last 24 hours.It has a circulating supply of 1,90,58,487 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’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.

10th largest cryptocurrency Dogecoin surges 1.56% in past 24 hours.

Dogecoin has seen a rise of 1.56% in last 24 hours and is currently trading at $0.08107. The 10th largest cryptocurrency in the world currently has a market capitalisation of $10 billion. Its price has witnessed an increase of 0.49% in past seven days. It has a market volume of $330,408,426.

The live Dogecoin price today is $0.080860 USD with a 24 hour trading volume of $32,44,44,500 USD.Dogecoin is up 0.22% in the last 24 hours.It has a circulating supply of 1,32,67,07,64,300 DOGE coins and the max.

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.The success of Dogecoin is closely intertwined with Elon Musk’s passion for it. Musk began tweeting about Dogecoin in early 2021, sharing a Lion King DOGE meme.

ETH whale “Blue Whale0073” has bought more than 129 billion Shiba Inu tokens for $1.41 million.The recent purchase by the whale was carried out in one transaction. With this, the total SHIB holdings of top 500 ETH whales reached around $629 million. These whales also hold a total of $903 million worth of FTX Token.

160 𝙬𝙝𝙖𝙡𝙚𝙨 𝙥𝙪𝙧𝙘𝙝𝙖𝙨𝙚𝙙 𝘾𝙖𝙧𝙙𝙖𝙣𝙤 𝙬𝙤𝙧𝙩𝙝 𝙖𝙗𝙤𝙫𝙚 $100,000 𝙚𝙖𝙘𝙝 𝙞𝙣 6 𝙝𝙤𝙪𝙧𝙨!

Around 160 whales purchased Cardano worth above $100,000 each on Friday. The transactions took place in just six hours, leading to a surge in price of Cardano over $0.57 and its market capitalisation at around $19 billion. It helped Cardano overtake Ripple (XRP) to become sixth-largest cryptocurrency again.

Solana falls by 12% in 24 hrs, highest drop among 10 largest cryptocurrencies.

Solana on Saturday saw around 12% plunge, highest drop among the 10 largest cryptocurrencies, to currently trade at $36.37. It has a market capitalisation of over $12 billion after it fell by 11.75%.

The live Solana price today is $37.58 USD with a 24-hour trading volume of $1,49,73,93,191 USD.

Solana is down 5.44% in the last 24 hours.It has a circulating supply of 33,98,07,045 SOL coins and the max.

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

Anatoly Yakovenko is the most important person behind Solana.