Bloomberg, in its latest report, claimed that Justin Sun, the founder of Tron, plans to sell part of his shares in Huobi Global to raise funds. However, Sun, in his recent tweet, denied these rumors and called them an April Fool’s joke. He told his followers that Huobi Global is doing its utmost to provide a safe, reliable, and innovative platform for its users to trade and invest in the cryptocurrency market.
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In the past 24 hours, the Shiba Inu cryptocurrency has reached $0.0000114, its highest price since March 14. It has now slightly decreased to $0.0000113. Additionally, in the past 24 hours, the burn rate of Shiba Inu tokens has increased by 1,632%, with over 207 million tokens burned. To date, Shiba Inu holders have burned 410.63 trillion tokens of this cryptocurrency.
Capital, a well-known cryptocurrency market analyst, has announced that Bitcoin is likely to break through its significant downward trend resistance in April. According to him, this trend line has caused Bitcoin to decline since reaching its peak price in November 2021. Breaking through it could initiate a new and historic upward trend for this cryptocurrency. It is worth noting that Bitcoin’s price has decreased by about 0.2% in the last 24 hours and is currently around $28,380.
In the cryptocurrency market, namely Tether, USDCoin, Binance USD, DAI, and TrueUSD, has reached $125.9 billion and has decreased by more than 21% compared to a similar period in 2022. However, this index has increased by over 100% compared to a similar period in 2021. Many analysts believe that the policies and strict measures of American lawmakers have played a role in this.