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Saylor Suddenly Changes Tune on XRP, Bollinger Bands Signal Bearish Turn for Bitcoin, 20,000,000 SHIB Burned In Minutes: Crypto News Digest by U.Today
In a shocking turn of events, Michael Saylor, the CEO of MicroStrategy and a long-time supporter of Ripple (XRP), has suddenly changed his tone on the asset. The sudden about-face raises eyebrows among market analysts and followers alike.
Meanwhile, Bollinger Bands have signaled a bearish trend for Bitcoin (BTC). This development could have significant implications for the overall crypto market.
However, what is arguably more astonishing is the massive SHIB transaction that took place earlier today. A staggering 20 million Shiba Inu tokens were transferred to an unspendable blockchain address, contributing to the daily burn rate and ultimately resulting in a 34.24% increase in its value. This remarkable event has added fuel to the fire of speculation surrounding SHIB’s potential future performance.
Notably, this significant SHIB transaction is not an isolated incident. Over the past seven days alone, the community-driven efforts have destroyed an astonishing 122 million Shiba Inu tokens. As a result, the total number of eliminated SHIB tokens has reached a staggering 410 trillion SHIB. It appears that the burning of these tokens may be having a positive impact on the coin’s value.
The surprising surge in SHIB could also be attributed to Bitcoin’s recent upward trend. Historically, altcoins tend to follow the flagship crypto when it comes to price movements.
