June has been a bearish month for crypto information as Bitcoin crashed to its lowest value since December 2020.
In response to Google Traits information, the search ‘Bitcoin useless’ has reached a brand new all-time excessive previously week. This coincided with the Bitcoin value falling to $17,600 on June 18th.
However the crypto information on June 21 shouldn’t be all dangerous. The crypto market has recovered $150 billion previously three days, whereas the stablecoin market share is breaking data and an NFT simply bought for $1.24 million.
Learn on for the highest crypto information at the moment, June 21.
50% of Bitcoin addresses in revenue
Bitcoin has crashed 75% from its all-time excessive of final November.
However greater than 50% of Bitcoin addresses are nonetheless in revenue. Analytics agency Glassnode confirmed that – as of June 20 – 56.2% of Bitcoin addresses had been value extra in US Greenback phrases than when their digital property entered them.
Information means that earlier Bitcoin value bottoms coincided with below 50% of Bitcoin addresses remaining in revenue. For instance, in March 2020 the share of Bitcoin addresses nonetheless within the inexperienced was at 41%.
BAYC sells for $1.24 million
The most costly Bored Ape Yacht Membership NFT (#7537) in the marketplace has bought for 1024 ETH – or $1.24 million – this week.
This ape NFT options bandolier clothes, boring mouth, and closed eyes.
The social community Btok purchased this BAYC NFT to turn into its model ambassador. Btok is particularly designed to attach individuals to the blockchain world, permitting customers to hitch different traders and achieve insights into breaking crypto developments.
Btok itself builds consumer content material right into a decentralised ledger.
EverGrow Coin to launch BNB Chain NFT market
The main reflection token EverGrow Coin can be becoming a member of the forefront of the NFT house with a brand-new market – LunaSky – anticipated to drop within the coming weeks.
LunaSky is constructed on the BNB Chain which gives decrease transaction charges and quicker speeds than the Ethereum Mainnet (on which OpenSea runs). Customers can mint pictures, audio information, movies, paperwork and extra on LunaSky for round $0.30 utilizing BNB.
LunaSky will even roll out NFT lending, which lets customers entry crypto loans with solely NFTs put up as collateral. The utility will create a brand new avenue for passive earnings technology from NFTs.
Stablecoin market share hits new document
The share of stablecoin holdings within the complete crypto market worth hit an all-time excessive in mid June.
JPMorgan strategists launched findings suggesting that, on June 14, stablecoins accounted for 14% of the entire crypto trade. That is nicely above the earlier excessive of 11% reached in January 2022 – and up from round 2% in January 2020.
Immediately, the share of stablecoins within the wider market is known to have surged to 17% – equalling $155 billion in worth.
The rising share comes as the entire provide of stablecoins has fallen alongside the broader crypto trade within the second quarter of 2022. This was largely brought on by the collapse of Terra Luna and the UST stablecoin.
The publish Crypto Information June 21 – Report Stablecoin Market Share, $1.24 million BAYC & Bitcoin Income appeared first on .
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