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Today’s Cryptocurrency Headline

NFT marketplace OpenSea has partnered with American record label Warner Music Group to launch NFTs. A press release from Warner Music Group said its artists will have their own pages on OpenSea as a way to attract fans. In February this year, Universal Music Group partnered with entertainment NFT platform Curio to issue digital assets. Music streaming giant Spotify announced in May that it would begin trialing NFTs on its platform.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to the latest gross domestic product estimate from the Bureau of Economic Analysis, the US economy shrank by 0.6% during the second quarter of the year. Bitcoin is down 0.56% over the last 24 hours and fell to an intraday low of $18,843.39. The largest cryptocurrency continues trading sideways as both bulls and bears have not accumulated enough momentum to take the initiative. For now, the BTC/USDT pair is trading slightly below the 20-day exponential moving average (EMA)($19,518) and due to the lack of demand, the pair will likely be trading around the 20-day EMA for the next few days.

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