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Cryptocurrencies Price Prediction: Bitcoin, BOME & Shiba Inu – European Wrap 30 July

Cryptocurrencies Price Prediction: Bitcoin, BOME & Shiba Inu – European Wrap 30 July
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price struggles at $67,000 as on-chain data suggests slight increase in selling pressure

Bitcoin (BTC) stabilizes around the $68,000 level on Tuesday after failing to close above $70,000 the day before. The US government moved $2 billion worth of Bitcoin from Silk Road's confiscated funds on Monday. Additionally, data from Lookonchain reveals that FalconX sold 1,000 BTC, totaling $69.52 million, on the Binance exchange. On-chain data indicates that the Coinbase Premium Index has dropped below the 14-day Simple Moving Average, signaling a slight uptick in selling pressure.

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Book of Meme poised for 20% rally

Book of Meme (BOME) price is currently retesting its daily resistance at $0.0108 on Tuesday, and a close above this level could signal a bullish move. On-chain data indicates a rising Open Interest for BOME, reflecting positive investor sentiment and suggesting a potential rally in the coming days.

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Shiba Inu could extend gains with Shiba Eternity web3 version launch

Shiba Inu (SHIB), a dog-themed meme coin and the second-largest crypto asset in the category, has two key market movers this week. The web3 version launch of the card game Shiba Eternity and the on-chain data. 

Shiba Inu marketing executive behind the X handle @LucieSHIB announced the official launch of web3 version of the card game Shiba Eternity in closed beta. 

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