Author: mbcrypto

Bitcoin, the largest cryptocurrency has continued to counter the selling pressure. The king coin witnessed heavy liquidations or outflows but managed to stay afloat above the $22k level.

Bitcoin dominant buyers (whales) have maintained a holding spree regardless of the market situation at the moment.

Irrespective of BTC’s price fall, Bitcoin whales with more than 10k BTC (red) accumulated or rather bought the dip.the number of addresses holding 0.01+ BTC reached an all-time high (ATH) of 10,543,548.

Shiba Inu is facing buying pressure from whales, ranking among the top 10 most purchased tokens among the 2,000 biggest ETH whales in the last 24 hours.

With a present market valuation of $6.66 billion, Shiba Inu now ranks as the 15th largest cryptocurrency.Shiba Inu gained traction recently following positive inflows into its ecosystem.

Meanwhile Shiba Inu also announced its collaboration with world-class visualization studio The Third Floor (TTF) for the design and construction of its SHIB.io The Metaverse Project.At the time of publication, SHIB was changing hands at $ 0.00001201, down 0.35% in the last 24 hours and up nearly 14% since the past week.

Dogecoin (DOGE) is rolling out an upgrade offering “important security updates and changes to network efficiency.”Dogecoin developer Patrick Lodder says the upgrade will lower the meme coin’s recommended dust limits by around 99%.

According to the Dogecoin developer, the dust limit was imposed eight years ago to fight the biggest threat that Dogecoin faces – spam.

At present time, the token exchanged hands at $0.06905.With a market capitalization of $9,398,713,378.Dogecoin is still the largest meme coin in terms of market capitalization.

The recent price action is a sign that “a big move for #BTC is going to happen soon.The price of Bitcoin (BTC) has been oscillating around support at $23,000 over the past couple of days.

The overall cryptocurrency market cap now stands at $1.048 trillion and Bitcoin’s dominance rate is 42%. Reports of electric vehicle maker Tesla dumping 75% of its Bitcoin (BTC) holdings in the second quarter only caused a minor blip as lower levels attracted strong buying from the bulls.

It is encouraging to note that even after huge selling by institutions and the unfavorable macro environment, Bitcoin has held up quite well.BTC/USD is exchanging hands at $22,973.67 USD up 0.15% for the day. The largest cryptocurrency by market cap 24-hour trading volume stands at $31,082,710,865

Shiba Inu’s holder count reaches 1,210,000.Shiba Inu has smashed a record-breaking milestone, reaching over 1,210,000 holders.

The top 1,000 ETH wallets are now holding 57,414,619,561,170 SHIB worth $658,535,219.Shiba Inu has returned as the biggest token position for the top 100 ETH whales.

Shiba Inu was trading up 3.35% in the last 24 hours at $0.000012 USD.The meme cryptocurrency, however, remains up 16% since the past week.

Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE) has been trading under huge selling pressure for a while.Meanwhile, the coin printed some green indexes as the global market saw some recovery.

DOGE registered some price recovery of 15% over the past 7 days.The developers of the Dogecoin (DOGE) project have released a new update for the core software, which improves security, efficiency and user interface.

Dogecoin Core 1.14.6, went live early on Thursday, and all the network participants were urged to upgrade to the latest version.The new update comprises numerous security fixes, modifications to the existing fee structure and several new features.

The live Bitcoin price today is $22,949.92 USD.Bitcoin is up 0.18% in the last 24 hours.The next major resistance sits near the $25,000 level.Bitcoin price gained pace and spiked above the $24,000 resistance zone. On the upside, bitcoin price could face resistance near the $23,440 level. A close above the $23,880,resistance zone could set the pace for more gains.

The recovery of bitcoin funding rates to a neutral level is a testament to the returning positive sentiment among traders and investors. It definitely does not signal that the market has returned to its previously bullish phase, but it is an indication that investors are now looking favorably at the bitcoin and crypto market at large.

Despite being considered a “meme coin,” the Shiba Inu community has made a strong emphasis on utility. Apart from the ShibaSwap exchange, the team of developers is now working on the metaverse project, which makes it possible for community members to mint land plots in a virtual environment.

Moreover The Shiba Inu team has announced a major partnership with The Third Floor (TTF), the busiest visualization company known for working on dozens of Marvel blockbusters.

TTF will help the developers behind the popular meme coin to define virtual environments for the metaverse project, taking control of artistic development.

DOGE tested the USD 0.075 resistance zone. It is now correcting lower below the USD 0.0700 support. If the bears remain in action, the price might drop towards the USD 0.065 support.

The top meme tokens registered the majority of the gains as the whole cryptocurrency market saw green readings. Dogecoin (DOGE) was among the top gainers.

Over the course of the previous day, more than 80K Dogecoin transactions were registered.The DOGE founder had already noted a significant increase in transactions that reached 70,000. This was said to have increased by 59.49% in the previous week.Over 13% more money has been spent on Dogecoin in the last day. Its current market capitalization is $9.89 billion.

After a clear move above USD 23,500, bitcoin price extended gains. BTC was able to spike above the USD 24,000 level. However, the bears were active near the USD 24,200 level and pushed the price below USD 23,000.

Moreover bitcoin increased its volatility as Tesla said it sold 75% of its BTC holdings, or USD 936m worth of bitcoin, in the second quarter, in an attempt to raise cash.

However, Tesla’s chief Elon Musk stressed that “this should not be taken as some verdict on Bitcoin” as the company sold BTC as they “were uncertain as to when the COVID lockdowns in China would alleviate” and it was important for the company to maximize their cash position.