Bitcoin, Shiba Inu and Solana – European Wrap 5 August [Video]

Bitcoin price shows an interesting setup that could reveal its next move. On closer inspection,  its technicals support a bearish outlook for the leading crypto.  

Binance Card announced support for Shiba Inu, allowing its Visa Card users to spend SHIB at 60 million merchant outlets worldwide. Shiba Inu’s addition to Binance Card boosts the meme coin’s utility and drives its adoption in Europe. 

Solana price firmly held to slightly higher support to curb declines witnessed this week compared to July’s primary anchor at $35.00. The smart contracts token suffered a significant hack attack early Wednesday, eliciting a lot of negative sentiment and short selling. However, Solana price appears to have quickly come out of the spiral from $46.67 to its most recent buyer congestion at $38.00.