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Crypto Daily Roundup, 23 Feb: Bitcoin Falls Below $51000

23-Feb-2024 By: Lokesh Gupta
Crypto Daily Roundup

Cryptocurrency prices dipped in the past 24 hours

TOP 5 Losers Coins

IndicesLTPChange (%)
Manta Network$3.159.52%
Helium$8.438.08%
Immutable$3.166.90%
Celestia$16.445.98%
ORDI$61.995.35%

Crypto News Key Highlights:

  • #Solana NFTs achieved a historic $5 billion sales volume, spurred by surging trading activity over four months. Data from CryptoSlam revealed 2.2 million buyers and 1.6 million sellers, with nearly 43 million transactions. Sales soared from $40 million monthly pre-November 2023 to $365 million in December, peaking at $161 million in February.

  • Block, led by Jack Dorsey, posted impressive fourth-quarter results in 2023, with total bitcoin sales surging to $2.52 billion, a 37% increase year-over-year. Cash App, Block's mobile payment platform, saw significant growth in bitcoin sales profits, reaching $66 million, indicating strong performance and market positioning within Block's ecosystem.

  • Recent advancements in the Shiba Inu ecosystem, including SHEboshi's ERC-404 token launch and Shibarium's increased daily transactions, gained attention. SHEboshi sold out swiftly, while Shibarium transactions neared 4 million, signaling optimism. Despite this, #Shiba Inu's price dipped, sparking speculation. Technical analysis suggests a bearish outlook, despite increased burn rates.

  • Elon Musk hinted at the launch of XMail on the X platform, sparking speculation about its potential competition with Gmail. Despite rumors of Gmail's closure, Google affirmed its continuity. Musk's announcement coincided with controversies surrounding Google's Gemini AI chatbot's image creation capabilities, drawing criticism.

  • Former US President Donald Trump expressed interest in Bitcoin, noting its growing popularity and the desire for #Bitcoin payments. While stating his allegiance to the US dollar, his comments garnered mixed reactions from the crypto community, with some cautioning against his past actions against Bitcoin.

  • #XRP lawyer Bill Morgan criticized Senator Elizabeth Warren's labeling of Supreme Court judges as "extremists," stressing the need to respect the judiciary. Meanwhile, Republican John Deaton enters the Senate race against Warren, positioning himself as a champion for the working class and accepting crypto donations.

  • #PEPE2.0 has surged by 460% in a month, now trading at $0.0000001138. It's seen an 8% increase from yesterday, with trading volume up by 121% to $42,712,008. With a total supply of 469 trillion coins in circulation, it's nearing its all-time high of $0.0000001484, exciting the community for further gains. Unlike PEPE's no-tax policy, PEPE 2.0 imposes a 1% tax. #PEPE3.0 emerged as an alternative for those who missed investing in #PEPE and PEPE 2.0.

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. #Cryptocurrency and #NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

Also read - 24 Crypto Update, 22 Feb: BTC Steady as Altcoin Find Footing

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