Bitcoin Rose Over $22,500, While Shiba Inu Burnt 519,456,549 SHIB Tokens With One Transaction

The majority of cryptocurrencies have gone up today as bitcoin has gone over $22,000.

The upswing, which came after a month of sideways movement, contributed to pushing the total market equity of all cryptocurrencies back above $1 trillion. Bitcoin sped up and almost hit $22,500 before turning the price back slightly.

The number one cryptocurrency emerges from a downward trend that started in early April, which is why today's 8 percent increase is taking place.

Bitcoin has to come out of the top of the bear wagon, it is trying to trade least above average and hold the price above to really support the rally. A higher daily average on the daily chart is still awaiting confirmation above $22,500

Shiba Inu (SHIB) the best meme coin has rocketed up to 18% to reach token highs of $0.00001263 in the middle of the recovery of the global crypto market.

The Shiba Inu price dipped to a low of $0.0000097 on July 13, but the lower levels accumulated strong buying signals for the bulls. That motivated the price once again to the level of $0.000010.

​At the time BtcTap wrote this, SHIB was trading up 7% at $0.0000115. In accordance with the Shibburn website, the burn rate of Shiba Inu has considerably increased by nearly 538%. Furthermore, did Shiba Inu break a record because 519,456,549 SHIB token burned in one transaction