Bitcoin is up 1.38% in the last 24 hours.The live Bitcoin price today is $20,179.57 USD with a 24-hour trading volume of $28,819,768,209 USD.
Meanwhile despite the market turmoil, Binance CEO Changpeng Zhao continues to hold his cryptocurrencies.
In a recent tweet, Binance CEO Changpeng Zhao has revealed that he hasn’t sold any Bitcoin (BTC) or Binance Coin (BNB) to showcase his strong conviction.
Bitcoin has a circulating supply of 19,086,375 BTC coins and a max. supply of 21,000,000 BTC coins.
A whale has purchased 20 trillion $SHIB ($210,000,000), the largest transaction in Shiba Inu history.
The live Shiba Inu price today is $0.000010 USD with a 24-hour trading volume of $412,802,362 USD.It has a circulating supply of 549,063,278,876,302 SHIB coins.
Meanwhile the community at CoinMarketCap has projected that the SHIB token would trade at an average of $0.00002065 by the end of July 2022
With the majority of the cryptocurrency market turning green after a long period of bearishness, one of the most popular meme tokens – Shiba Inu (SHIB) is following suit, resulting in optimism from within the crypto community concerning its future price.
According to information provided on Twitter, Dogecoin is now available on FTX Japan.
The top crypto exchange stated on its website that it will start handling Dogecoin in its physical transactions (sales offices/exchanges) and perpetual transactions from Tuesday, July 5, 2022.
Meanwhile Dogecoin faced buying pressure from the top BNB whales as it now ranks among the top 10 most purchased assets among the 1,000 biggest BSC whales in the last 24 hours
The live Dogecoin price today is $0.067498 USDwith a 24-hour trading volume of $412,143,274USD.It has a circulating supply of 132,670,764,300 DOGE coins
The World’s 14th largest cryptocurrency Shiba Inu is up by 7.63% in the last 24 hours. The live Shiba Inu price today is $0.000011 USD with a 24-hour trading volume of $374,123,196 USD.
It has a circulating supply of 549,063,278,876,302 SHIB coins.
Moreover 92% of coinbase users are buying SHIB while only 8% preferred to sell their holdings in it over the last 24-hour period.
Bitcoin gained pace and cleared the $19,500 resistance against the US Dollar.The bitcoin price is now trading above the $20,000 level and the 100 hourly simple moving average.The next key resistance is near the $20,920 zone.
A clear move above the $20,920 resistance zone could push the price further higher. In the stated case, the price could rise towards the $21,500 level. The next major resistance sits near the $22,200 level.
A 𝗡𝗼𝗻-𝗳𝘂𝗻𝗴𝗶𝗯𝗹𝗲 𝗧𝗼𝗸𝗲𝗻 (𝗡𝗙𝗧) is basically a digital asset or can be called a cryptographic asset having a 𝘂𝗻𝗶𝗾𝘂𝗲 𝗶𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗰𝗼𝗱𝗲 and 𝗺𝗲𝘁𝗮𝗱𝗮𝘁𝗮 which differentiate it from a fungible token.
Non-fungible tokens, commonly known as NFTs, are unique cryptographic tokens that exist on a blockchain and cannot be replaced as they are having a unique identification code and 𝗺𝗲𝘁𝗮𝗱𝗮𝘁𝗮
NFTs function like communicators or information tokens, but unlike cryptocurrencies such as Bitcoin or Ethereum, 𝗡𝗙𝗧𝘀 𝗮𝗿𝗲 𝗻𝗼𝘁 𝗺𝘂𝘁𝘂𝗮𝗹𝗹𝘆 𝗶𝗻𝘁𝗲𝗿𝗰𝗵𝗮𝗻𝗴𝗲𝗮𝗯𝗹𝗲 𝗮𝗻𝗱 𝗮𝗿𝗲 𝗻𝗼𝘁 𝗳𝘂𝗻𝗴𝗶𝗯𝗹𝗲.
As with cryptocurrencies, they cannot be traded or exchanged at equivalent values. The difference between fungible tokens and cryptos is that cryptos are exactly the same and, therefore, can be used for commercial transactions.
𝗡𝗙𝗧𝘀 𝘄𝗼𝗿𝗸 𝗼𝗻 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆.
NFTs can remove intermediaries, make transactions more efficient, and create new markets.Many crypto-trading enthusiasts and art collectors use NFTs.
Additionally, it can be used for 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝗰𝗼𝗻𝘁𝗲𝗻𝘁, 𝗴𝗮𝗺𝗶𝗻𝗴 𝗶𝘁𝗲𝗺𝘀, 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗰𝗼𝗹𝗹𝗮𝘁𝗲𝗿𝗮𝗹, 𝗮𝗻𝗱 𝗱𝗼𝗺𝗮𝗶𝗻 𝗻𝗮𝗺𝗲𝘀.Since 2014, NFTs have been around, but now they are gaining popularity .
Market observers are seeing Dogecoin (DOGE) price retreating back into the red territory, expecting the meme coin to register new lows if some support does not come quickly to lift the sluggish coin.
Tesla CEO Elon Musk has always been an avid 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻 𝘀𝘂𝗽𝗽𝗼𝗿𝘁𝗲𝗿. His fame and standing on the worldwide markets have enabled him to significantly influence the price and appeal of DOGE.
As DOGE takes a heavy beating in the ongoing bear market, it is only natural to think that, perhaps, 𝗮𝗻𝗼𝘁𝗵𝗲𝗿 𝘁𝘄𝗲𝗲𝘁 𝗳𝗿𝗼𝗺 𝗠𝘂𝘀𝗸 𝗺𝗶𝗴𝗵𝘁 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝘀𝗼𝗺𝗲 𝗯𝗼𝗼𝘀𝘁 𝗼𝗳 𝗲𝗻𝗲𝗿𝗴𝘆 𝘁𝗼 𝘁𝗵𝗲 𝗹𝗲𝘁𝗵𝗮𝗿𝗴𝗶𝗰 𝗰𝗼𝗶𝗻
Musk stated at the Qatar Economic Forum that he buys and backs it because people “𝘄𝗵𝗼 𝗮𝗿𝗲 𝗻𝗼𝘁 𝘁𝗵𝗮𝘁 𝘄𝗲𝗮𝗹𝘁𝗵𝘆” have requested him to.Musk also stated that his staff had requested that he promote the coin. “𝗧𝗵𝗲𝘆 𝘂𝗿𝗴𝗲𝗱 𝗺𝗲 𝘁𝗼 𝗲𝗻𝗱𝗼𝗿𝘀𝗲 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻, 𝗮𝗻𝗱 𝗜 𝗮𝗺,”
Bitcoin, the largest cryptocurrency showcased some vital signs of life post a consolidation $20k phase.
Although, the effort wasn’t enough as liquidations surrounding the crypto market intensified. On-chain data shows Bitcoin funding rates have sunk into deep negative values.This could pave a potential short squeeze, thus, affecting BTC’s price.
𝘾𝙤𝙪𝙡𝙙 𝙩𝙝𝙞𝙨 𝙖𝙞𝙙 𝘽𝙏𝘾 𝙩𝙤 𝙚𝙨𝙘𝙖𝙥𝙚 𝙩𝙝𝙚 $20𝙠 𝙩𝙧𝙖𝙥?
BTC’s price action has squeezed into $18-$21k in the past two weeks.
Traders are taking a hands-off approach to Bitcoin and altcoins until BTC successfully flips the $20,000 level back to support.
The bears are attempting to sink Bitcoin (BTC) below $19,000 to further cement their advantage over the crypto market.
While Some experts believe that crypto markets will bounce back from the current crash in the next few months, others think that investor wariness is going to persist in the near-short term.
Crypto markets have witnessed massive corrections in the last two months. As of today, the global cryptocurrency market cap has shrunk to $949 billion, from the $3 trillion high it touched in November 2021.
Investors and traders are now wondering whether the crypto markets will bounce back again this year. Crypto industry experts have different views on this question.
Some genius minds believe that it is the best time to purchase tokens at low rates. They believe that the market will rise again in some months and it will prove beneficial.
