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The debt ceiling has been raised but Larry Fink says trust in the U.S. dollar is being eroded, which could be good news for Bitcoin. Blackrock CEO Laurence Fink believes the recent " drama " around the United States debt ceiling has deteriorated global trust in the U.S. dollar, something that other analysts predict could provide some tailwinds for Bitcoin (BTC). Fink’s comments come as U.S. lawmakers passed a highly-anticipated bill to lift the $31.4 trillion debt ceiling on June 1. The U.S. Treasury indicated that the deadline for raising the debt ceiling was June 5. Any later, the country could begin defaulting on its debts. 314-117: The House passes the Biden-McCarthy debt ceiling agreement, raising the debt limit until 2025 and instituting discretionary spending caps for two years. 71 Republicans and 46 Democrats voted “no” on the bill. pic.twitter.com/RdU42whDd5 — The Recount (@therecount) June 1, 2023 According to a May 31 report from Reuters, Fink told the attendee...

After adding an extra ‘zero’ in the charts in May, Shiba Inu is currently trading at $0.00000850. SHIB is struggling to knock out the ‘zero’ it added as it’s mostly moving backward than forward. The token is currently on a correction for 10 consecutive days and barely rallied in the indices in Q2, 2023. The development is testing the patience of its investors who dream of seeing SHIB go ‘to the moon’. The reality is that the token is crashing with little to no hope of skyrocketing in price again. Also Read: Shiba Inu: June 2023 Price Prediction for SHIB Source: Coingecko Can Shiba Inu recover from its price drop and will it rally in June 2023? Here’s a price prediction if SHIB could delete its fifth ‘zero’ by the end of June. Will Shiba Inu Delete Its Fifth ‘Zero’ in June? Source – Watcher Guru Leading on-chain metrics and price prediction firm Changelly predicted that SHIB might not delete its fifth ‘zero’ in June 2023. The firm painted a bearish picture for the dog-t...

Also Read: Bitcoin Outperforms Gold, Crude Oil; Bitcoin Bull Run Ahead? advertisement Sandbox To Face Selling Pressure? Arkham, On-chain data tracker, reported that Simon Kim, CEO of Hashed unstaked $12 million worth of altcoins on May 30, 2023. The executive unstaked 19.02 million Sandbox tokens (Approx worth $10.64 million). He also moved the League of Kingdoms Arena (LOKA) and Coin98 (C98). Data depicts that hashed CEO moved $10.52 million worth of SAND tokens to the world’s largest crypto exchange, Binance. It is important to note that The Sandbox Blockchain raised $2.5 million in an investment round led by Hashed in May 2019. Source: Arkham This move suggests that the Hashed executive is seeking to book a profit and take an exit from the project. It is expected that SAND might face some selling pressure ahead. Recommended Articles Crypto Presal...

A spike above $28,000 begins to fade as the new week begins, while a U.S. holiday means no external BTC price triggers from equities. Bitcoin (BTC) traded near $28,000 on May 28, with traders still wary of a full correction of weekend upside. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BTC shorts increase as $28,000 slips Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling volatility after a last-minute surprise saw action around the weekly close. With United States markets closed for the Memorial Day holiday, crypto markets were quieter — traders were waiting for a Congressional vote on the proposed deal to extend the U.S. debt ceiling. Bitcoin, up 4.4% on May 28, meanwhile, failed to convince everyone that bulls might now have the upper hand. BTC/USD annotated chart. Source: Crypto Tony/Twitter Uploading a potential BTC price roadmap to Twitter, popular trader Crypto Tony called a move back to as low as $23,000 “still very much a possibility....

Dogecoin (DOGE), the original memecoin, has seen a surge in its transaction volume. Most of the activity originated from large wallets, aka whales. DOGE’s transaction volume left that of Shiba Inu (SHIB) and Pepe Coin (PEPE) in the dust. The recent spike in volume and price comes as a sigh of relief for DOGE fans and investors as the asset was stagnant for the better part of two months. On May 28, DOGE whale activity increased the volume of large transactions to $1.06 billion, boosting DOGE holders’ sentiment. Shiba Inu and PEPE, which emerged as DOGE’s main rivals in April and May, have seen a fall in on-chain activity. Furthermore, according to IntoTheBlock, 50% of Dogecoin (DOGE) holders are in profit. However, 46% of holders are still on losses, while 4% have broken even. IntoTheBlock data also showed that people in profits have increased by 4.24%, while network growth has decreased by 0.16%. Will Dogecoin (DOGE) reach $1? From its current levels, reaching $...

The crypto trader and analyst Ali noted in a tweet published this morning that the network activity for Shiba Inu (SHIB) is soaring. According to the post, 2,538 new SHIB addresses were created on 26 May 2023 alone, which is the highest increase in 3 months.   At press time, the meme coin’s price stood at $0.000008785 according to CoinMarketCap. This was after the crypto printed a 2.59% gain over the past 24 hours. The recent increase in SHIB’s price was enough to flip its weekly price performance into the green. As a result, SHIB’s price was up 0.87% over the last 7 days. In addition to strengthening against the dollar in the past day, the meme coin was also able to outperform the two market leaders Bitcoin (BTC) and Ethereum (ETH). At press time, SHIB was up 1.15% against BTC and 1.86% against ETH. 4-hour chart for SHIB/USD (Source: TradingView) SHIB’s price was able to flip 2 key resistance levels into support over the past 24 hours. The first level was $0.000008...

Shiba Inu, widely recognized as one of the leading meme coin s, has gained significant popularity and secured its position as the second-largest in its category. The dedicated team behind SHIB has consistently demonstrated its commitment to its growth and development, evident through notable initiatives like the SHIB Burn campaign and other ongoing projects. Also read: Shiba Inu: 1 Million SHIB Addresses in the Red, Shows Data However, despite the unwavering efforts of the SHIB team, the price of this prominent meme coin has encountered a period of struggle. The recent decline in its value has left many early investors, who entered at higher prices, at a loss. Source: CryptoPotato Shiba Inu is down by 20% in the last 30 days According to CoinMarketCap data, Shiba Inu price is down by 20% in the last 30 days. From a monthly high of $0.00001038, SHIB has plunged to a low of $0.00000837 before pulling its way back to its current price of $0.000008517. However, des...

The 1-cent dream plays a crucial role in the psychology of investors who aim to make life-changing gains with their investments. Shiba Inu holders dream of earning $1 million if the token reaches the $0.01 milestone someday in the future. However, SHIB reaching $0.01 is a long shot as its circulating supply of 549 trillion tokens stunts its growth. In this article, we will highlight how $1 million could be earned even before SHIB reaches the 1-cent mark. Here’s a step on how one could make $1 million when Shiba Inu touches $0.001 someday. Also Read: Shiba Inu Could Reach $10 by 2024? Here’s a Reality & Fantasy Check Source: Coingecko Shiba Inu: How To Make $1 Million When SHIB Hits $0.001 Source: Reddit Shiba Inu is currently trading at $0.00000848 and is down 0.5% in the 24-hours day trade. Therefore, for an investment of $9,000 at this price today, investors get to accumulate 1,061,320,754 (1 billion) SHIB tokens. If users hold on to their 1 billion tokens for th...

The GameFi sector has been rapidly evolving, with new projects emerging and capturing the attention of investors seeking lucrative opportunities in the gaming and cryptocurrency spaces. One such project that has been making waves and attracting a growing number of investors is the hot GameFi token we’re about to uncover. While ANKR, a well-known player in the crypto industry, has enjoyed its fair share of success, a notable shift is occurring as investors flock to this new GameFi token. What sets this token apart, and why are investors eagerly switching over?  In this article, we’ll delve into the key factors driving this transition and explore the unique features and potential that make this token a game-changer in the industry. What is ANKR? Decentralized systems continually introduce new avenues, like ANKR, for companies to outsource certain processes. This platform aims to benefit from the thriving cloud computing and blockchain nodes sector. Ankr is a We...

Given the historical pattern of Bitcoin development, an analyst on crypto Twitter with the identity TechDev has observed the Bitcoin price would reach between $160,000 and $180,000 by December 2023. Update: #Bitcoin on adjusted log time Time = log(weeks)^3.44 Next period meets curve at 160-180K December 2023. Observation based on a sample of 2. pic.twitter.com/GH3zjEsdti — TechDev (@TechDev_52) May 23, 2023 TechDev’s Analysis shows that Bitcoin’s price has developed in cycles and has respected this price development pattern for the last three cycles. Using a chart that plotted the Bitcoin log price against the adjusted log time, TechDev shows the interval between cycles is 10.2 log periods. TechDev used this constant to match the pointy tops on the Bitcoin chart and combine both indicators to find an intersection. The analyst deduced the next target with the indicators’ point of intersection, which is December 2023, with the price of Bitcoin between $160,...

The Gemini crypto exchange twin founders Cameron and Tyler Winklevoss, famous for their legal battle with Mark Zuckerberg over the creation of Facebook, are contemplating establishing a UK base for their crypto business. In a recent interview with a UK-based newspaper, the twin brothers expressed dissatisfaction with the current “hostile” regulatory climate in the United States, prompting them to explore options for a second headquarters in London. In Cameron Winklevoss’ words: There are so many headwinds right now in the US it’s hard to get anything done there. And so, in order to keep building our business and invest in hiring, we have to look elsewhere. In their pursuit of a favorable environment for Gemini’s operations, the Winklevoss brothers recently held meetings with officials at the Financial Conduct Authority (FCA) and the Bank of England. These engagements aimed to assess potential locations that would support Gemini’s future investments and growth str...

Bitcoin has seen around $167.47 million in NFT sales over the past 30 days, while StepN has integrated Apple Pay to remove barriers to entry to the app. Bitcoin, the next biggest NFT network? With nonfungible tokens (NFTs) still causing a stir among the Bitcoin community, the network has rapidly become the second-largest NFT chain, according to data from CryptoSlam. Looking at the 24-hour, seven-day and 30-day metrics, CryptoSlam data indicates Bitcoin has hosted the second -largest amount of NFT sales volume across the market. Over the past 30 days, Bitcoin has seen a whopping $167.47 million worth of NFT sales on secondary markets, though it’s still far behind the $395.95 million posted on Ethereum during that same period. Notably, Bitcoin is now well ahead of its nearest competition, including Solana and Mythos Chain, which have only seen $55.8 million and $35.4 million worth of sales over the past 30 days, respectively. 30-day NFT sales volume by blockchain. Source: CryptoSlam In...

Neo is an open-source community-driven blockchain platform aimed at becoming a decentralized smart economy. Moreover, the Neo project also hopes to make various assets, “digital or physical”, easily accessible by programmers and users with minimum trust and permission.  One of the Features of the Neo project is to enable developers to digitize and automate the management of assets through smart contracts. Apart from a rich variety of Features , Neo also consists of “powerful native infrastructure.” Moreover, Neo claims that it is the first public blockchain platform to implement a dual token mechanism feature in its native token, NEO. However, few members of the crypto community still ponder the question about NEO’s price forecast over the years. Read this price prediction article to know more about the Neo project and NEO’s price Analysis and forecast for the years 2023, 2024, 2025, 2026, up to 2050. Table of contents Neo (NEO) Market Overview What is Neo (NEO)? ...