Crypto Blog
Bitcoin’s price fell from over $63,000 to around $54,000 in early July, with mixed opinions on its future direction.
Some analysts suggested that the recent pullback could indicate the end of the rally for the asset for this cycle. The popular X user Ali Martinezthat the approval of Bitcoin ETFs, the meme coin mania, and the tokens introduced by celebrities could have been everything the latest bull run had to offer.in April of this year.
Likewise BTC, Shiba Inu rebounded significantly over the weekend, erasing much of the losses. Its brief price ascent was in tune with the rise of some important metrics related to its ecosystem., the burn rate exploded by 800%, resulting in around 18 million tokens destroyed. The USD equivalent of the stash is insignificant, but continuous efforts in that field will lead to scarcity and a possible price spike .
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