Crypto news daily: Bitcoin data and price analysis for June 24, 2022
- Bitcoin is currently trading at $20,935.48, up by 2.39%
- Bitcoin fear and greed index on June 24, went to the extreme fear level of 11
- Crypto exchange Binance has signed an NFT deal with Christiano Ronaldo
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 rattled investors.
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 21,000,000 coins.
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.