• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Tuesday, June 24, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Bitcoin’s Price Fluctuates While Holding Support Near $21,000 As Trading Volume Increases

Crypto Market Remains Healthy, Sideways Trading Continues

Paul Brabus by Paul Brabus
August 23, 2022
in News
Reading Time: 5 mins read
0
btc price crypto market update august 23rd 2022 thevrsoldier
45
SHARES
Share on TwitterShare on Facebook

This Tuesday, the bitcoin market has remained essentially the same. There haven’t been many changes in the values of Bitcoin and Ethereum. The price of BTC held support after last week’s decline to the $21k level and currently trading within that range.

However, there’s a notable increase in the trading volume. The rise in trading volume could signify that the market is getting ready for its next move, driving the price to new highs this week. At $32.7 billion, the 24-hour trade volume for bitcoin has increased by more than 26%. 

Let’s examine any pertinent cryptocurrency market news that might impact pricing this week.

Key Ideas

  • After falling from $24k last week, Bitcoin was able to maintain the $21k level.
  • BTCUSD has had a significant rise in trading volume over the last 24 hours, which may be a precursor of a move to come later this week.
  • “Token Mapping” is used by Australia to create a regulatory framework for cryptocurrencies.
  • Stocks are moving downward, and tech stocks are particularly vulnerable.
  • The recent distribution of AMC’s APE dividend shares resulted in a 40% decline in the company’s original stock price.
  • Cryptocurrency markets retain support remarkably well, signifying a healthy market, whereas stocks show a downward trend.

General Crypto Market Update

The big news yesterday concerned the drop in Bitcoin transaction costs to under $1. The decrease in transaction fees was the lowest level they have been in more than two years, demonstrating that Bitcoin is still a practical network for making transactions and holding value despite the growing use of blockchain technology. This news came right after Bitcoin suddenly dropped from the $24k level without cause. 

In other news, as reported by CoinTelegraph, Treasurer Jim Chalmers stated that the Australian government is trying to establish regulations to safeguard consumers, signaling the government’s attitude on cryptocurrency legislation.

The regulatory system in Australia is known as “Token Mapping.” This system’s goal is to categorize assets according to digital assets’ underlying code and technology.

Additionally, the procedure will aim to grant licenses for various crypto operating nationwide.

While a comparable regulatory strategy might be effective in the US and elsewhere, authorities must use a technical understanding of blockchain and its technology. The regulatory board needs developers and blockchain professionals who can advise and explain to lawmakers what each token accomplishes and how to classify it to efficiently and adequately token map the various assets.

This will help the system judge each crypto asset separately based on its use case and value. In addition, it would require a lot of resources to effectively map the hundreds of digital assets in cryptocurrency marketplaces due to the many tokens in circulation.

Generally, Token mapping is a positive development, especially for Australia. A much more successful approach than categorizing crypto assets as either commodity, securities, or traditional currencies is to concentrate on the technological element of digital assets and differentiate them based on the underlying code. Hopefully, the plan goes in line with this pattern.

Stock Market Update

This Tuesday, the stock market is displaying bearish momentum as the Dow Jones plunges over 800 points, losing 2.54% over the last 24 hours. Sadly, IT stocks have also underperformed this week, with AMC stock down more than 41% within the same period.

The significant decline in AMC’s stock price coincides with the release of the studio’s new preferred APE shares. AMC’s APE stands for the class of shares known as “AMC Preferred Equity,” which should not be confused with Yuga Labs’ ApeCoin.

According to the plan, Existing AMC shareholders will receive dividends in the form of APE shares, which will soon begin trading on the open market. The possibility of price variations between AMC stock and APE shares is the main distinction between the two.

Starting to distribute dividends in the form of stocks as opposed to US dollars is unusual, which may have been why Investors are uninterested in collecting dividends from APE. This could be why they are selling their AMC shares, resulting in a sharp decline this Tuesday.

In other IT stock news, Apple has been down 2% since Monday, Amazon has lost 3%, and Netflix is down 6% today. 

Final Thoughts

Despite the adverse trend afflicting financial markets, Bitcoin is doing well by maintaining its current levels and not falling below the $21k zone. Additionally, the general crypto market is worth more than $1 trillion, indicating a generally positive outlook, as anything below this mark would mean chaos.

We’ll probably keep trading sideways, with the prices of Bitcoin and Ethereum remaining largely unchanged. The rise in BTC trading volume may give rise to a bullish run later in the week, so let’s see how it goes.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse, NFT, A.I., Cybersecurity, Supercomputer, and Cryptocurrency news!

Image Source: maximusnd/123RF // Image Effects by Colorcinch

Tags: bitcoinEthereum
Previous Post

LUNC Staking Program Ready to Go Live

Next Post

Metaverse, Web 3.0 Disruption, and Blockchain Advancement to be Discussed at MetaWeek in Dubai

Related Posts

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?
Market Analysis

BTC Defends $100,000 Support Amid Iran Conflict, Is a Major Rally Coming?

June 22, 2025
Bitcoin $103K Support Is Shaking, Will the Bears Get Burned
Market Analysis

Bitcoin $103K Support Is Shaking, Will the Bears Get Burned?

June 21, 2025
Featured

Dogecoin Price Faces Breakdown

June 20, 2025
Featured

CZ Warns of Deepfake Scams

June 20, 2025
Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

June 19, 2025
Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors
News

Solana ETF Incoming? What Bloomberg’s 90% Prediction Means for Investors

June 17, 2025

Press Releases

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown
News

Bitcoin Price Survives Israel-Iran Tensions, Hack, and $200B Meltdown

by Alex Mercer
June 19, 2025

Introduction Bitcoin has seen plenty of drama over the years, but this time, even with war looming and a cyberattack...

Read more
What you will get:  Simple steps to start trading cryptocurrencies like Bitcoin and Ethereum How to choose a reliable crypto exchange with low fees and strong security Key tips to read crypto price charts and manage trading risks How to stay updated with market-moving news and practice safely before investing Introduction Cryptocurrency trading has exploded in popularity as an easy way to earn online. With simple guidance you can start trading Bitcoin Ethereum and other altcoins using your phone or computer. This guide gives clear steps for beginners. What Is Crypto Trading and How Does It Work Crypto trading is buying and selling digital currencies like Bitcoin Ethereum Cardano or Solana to make a profit. You buy when prices are low and sell when they go higher. There are two main trading types: Spot trading: You own actual coins. Derivatives trading: You trade based on price movements without owning coins. Spot trading is perfect for beginners because it’s more straightforward and less risky. Step 1 Choose a Reliable Crypto Exchange Select a trusted crypto exchange. Popular beginner-friendly options: Binance: Low fees and many altcoins Coinbase: Easy for beginners with strong security Kraken: Great support and euro compatibility Bybit: Simple interface with spot and futures Look for: Easy sign up and verification Strong security (2FA, cold storage) Low trading fees and fast euro or fiat deposits Wide selection of coins and high volume Step 2 Learn Crypto Chart Reading Reading price charts will improve your crypto trading success. Key concepts: Trend lines: Overall up or down movements Support levels: Prices where value tends to bounce up Resistance levels: Prices where value tends to slow or reverse Start with basic charts like candlestick charts. Many platforms like Binance and Kraken offer built-in guides. Step 3 Manage Risk and Use Stop Losses Crypto prices are very volatile and can change fast. Protect your investment by: Investing only what you can afford to lose Using stop-loss orders to sell automatically at a set lower price Not risking more than 1–2% of your portfolio on any trade This risk management helps you stay in the game long term. Step 4 Stay Updated with Real-Time Crypto News Crypto markets respond instantly to news. Use reliable sources like Vr Soldier, CoinDesk, CoinTelegraph and The Block. Track: Bitcoin ETF decisions New coin listings on exchanges Regulatory changes Major partnerships and developments Following crypto news helps you predict good entry and exit points. Step 5 Use Demo Accounts to Practice Many exchanges like Binance and Bybit offer demo accounts or testnets. Practice trading with virtual money first. This helps you learn: How orders work Chart reading in real time Trading fees and order types Once you feel confident, move to small real trades. Final Simple Tips for New Crypto Traders Start with well-known coins like Bitcoin Ethereum Avoid chasing hype or FOMO (Fear Of Missing Out) Keep a basic trading journal or spreadsheet Learn from both wins and losses Crypto Trading Basics for Long Term Profit

Crypto Trading Basics for Long Term Profit

June 16, 2025
$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

$3 Billion in Bitcoin Options Expire Today — Will BTC Crash or Bounce?

June 14, 2025
Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

Trump vs Elon Musk: Bitcoin Dips as Tesla Crashes

June 6, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory

Binance Beats SEC—Crypto Cheers the Legal Victory

June 2, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier