Bitcoin prices rose over 2% and traded at nearly $21,000
level after a turbulent week saw the world’s largest cryptocurrency plunge
below the $20,000 level for the first time since 2020. The digital token is
down over 52% so far this year, and trading over 70% below its record high of
$69,000 it had hit in November 2021.
Top cryptocurrencies saw a sharp rise in the last 24 hours
amid a risk-on sentiment globally, with Polygon, Avalanche, XRP, and Solana
leading the returns chart. However, crypto markets are struggling to
consolidate after falling abruptly in recent months as the US Federal Reserve raised
interest rates to curb inflation. The collision of the Terra LUNA ecosystem and
continued concern about the hedge fund Three Arrows Capital Ltd have further
The global cryptocurrency market cap was at $926.03
billion, up 1.82% in the last 24 hours. However, the total cryptocurrency 24
hours trading volume is $62.09 billion.
Bitcoin fear and greed index on Friday, June 24, 2022, went
from the extreme fear level of 11 to the level of 11 as per the alternative.
me. The Fear and Greed index is a technique for assessing investors’ emotions
toward the market.
Bitcoin is currently trading at $20,935.48, up by 2.39%. In
the last 24 hours, the highest it touched was $21,266.39 and the lowest was
$20,233.56. Bitcoin has a current market cap of $399,469,179,124. It has a
circulating supply of 19,075,543.00. BTC coins have a maximum supply of
Binance signs NFT deal with Cristiano Ronaldo
The world’s largest crypto exchange, Binance, on Thursday
said it has signed a partnership with Cristiano Ronaldo for the promotion of
NFTs. Earlier on Wednesday, Binance named Joshua Eaton, a former Deputy US
Attorney in the Northern District of California, as the deputy general counsel
of the world’s largest cryptocurrency exchange.
Eaton will handle Binance’s legal affairs, leading the
support for global compliance, investigations, and law enforcement coordination
activities, the company said in a statement.
eBay acquires NFT marketplace KnownOrigin
Leading e-commerce firm eBay announced the acquisition of
NFT marketplace KnownOrigin, a move that will push the company further into the
world of digital collectibles. The details of the transaction have not yet been
disclosed. The move comes a month after eBay announced its debut collection of
NFTs in partnership with Tezos and the Polygon-based NFT platform OneOf.