U.Today’s Crypto News Digest

U.Today presents the top four new stories from the past day.

Due to this partnership, Shiba Inu (SHIB) can be used more in the UAE

UAE business service provider Virtuzone, Announce It has signed a partnership agreement with Binance, one of the largest cryptocurrency exchanges in the world, to use Binance Payments technology. Through Binance Pay, Virtuzone seeks to help drive the use of cryptocurrency and blockchain technology in the country. The partnership benefits not only the exchange itself, but all cryptocurrencies participating in the Binance Pay program, including SHIB, XRP, and AVAX. From now on, companies using Binance services in the UAE will be able to use these cryptocurrencies as payment methods. In addition to Virtuzone, several hotel and retail chains in the UAE are already using Binance Pay.

Ancient Bitcoin Whales Are Awakening, What Happened?

As crypto markets switch into panic mode after recent crash, ancient bitcoin whale Products that were active 7-10 years ago are entering the market. Historically, ancient wallets have seen a surge in activity when the king of cryptocurrencies, Bitcoin, makes an unprotected move or reaches a long-awaited target or support level. In the current scenario, the first scenario has emerged as BTC dipped below the $20,000 level. long term holder It is also possible to join sellers and start reducing holdings to avoid further losses. Often, this trend is one of the first signs of investor capitulation. If history is doomed to repeat itself, we will see a reversal in the cryptocurrency market for the foreseeable future.

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Shiba Inu (SHIB) successfully bounces off support, this is the next step

yesterday, Shiba Inu’s daily chart shows a successful bounce off local support; however, a lack of momentum has kept growth insignificant. Since the end of June, SHIB has been in a rising range and has continued to fluctuate within the range. If the range maintains the existing selling pressure, the coin will maintain current gains and rise further. According to the volume profile, one of the main reasons for the coin’s underperformance is the lack of support from major retail or institutional investors. Now, SHIB badly needs some buying support from investors. As we have seen from the recent 40% price surge, even the slightest buying activity from whales can lead to strong growth.

“Rich Dad, Poor Dad” author Kiyosaki says the market crash he predicted in 2013 has arrived and it’s time to get richer

According to a recent tweet by the author of “Rich Dad, Poor Dad” Robert Kiyosaki, the market crash of his 2013 prediction (which should be bigger than 2008) has arrived. He went on to say that investors may find themselves in a situation where millions will be wiped out. Kiyosaki recommends not being one of them, but using the time to get richer. It’s hard to disagree with Kiyosaki, while also thinking of Warren Buffett’s words that the best time to buy is when the market is full of “blood.” According to market conditions on Monday, the S&P 500 continued to fall and bounced off the $4,000-$3,950 support, with Bitcoin falling to the $19,500-$19,000 area and getting a buyer reaction.