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Zimbabwean authorities have decided to introduce a new digital currency that will be backed by gold. The new central bank digital currency (CBDC) can be used as a means of payment within the country and to maintain its stability.

The price of Solana (SOL) is falling well below the moving average lines after a sharp rejection at the $26 overhead barrier.

An annual inflation rate of 100% is prompting Argentines to increasingly opt for cryptocurrencies.

The price of Cardano (ADA) is in a downtrend after falling to a low of $0.29 and then recovering. Buyers are trying to push ADA back into the $0.31 to $0.38 range.

The Bitcoin (BTC) exchange rate has remained stable above the $24,000 support as it struggles to recapture $25,000. After several attempts to maintain the bullish momentum, Bitcoin is holding above $24,000.

Bitcoin (BTC) exchange rate has been trading above $20,000 since June 19. The cryptocurrency's brief rally was staved off by the bears on June 21. The largest cryptocurrency is now forced to trade between $20,060 and $21,500. In short, the BTC price is trading at $20,450 at press time.

Dogecoin (DOGE) exchange rate fell further to the low of $0.05 on June 13. Bears broke below the previous low of $0.06 while bulls bought the dips. After the recent drop on June 13, the bulls stopped the further decline. Last week, the altcoin fluctuated between $0.050 and $0.063.

The Bitcoin (BTC) exchange rate has been on a positive run as the price broke out above the high of $48,000. Although buyers failed to sustain the bullish momentum above the $48,000 high, the BTC price fell back to support at $47,000.

The Central American Republic El Salvador is the first country in the world to make Bitcoin the official national currency. The Bitcoin exchange rate reached a high of $52,445 in the last 24 hours, but then crashed and traded below $45,000.