Author: NBTC
Bitcoin price started a short-term downside correction from the $106,250 zone. BTC is consolidating above $100,000 and might aim for a fresh increase. Bitcoin started a downside correction from the $106,250 zone. The price is trading below $103,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $104,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $100,000 support zone. Bitcoin Price Holds $100K Bitcoin price started a decent upward move above the $100,000 zone.…
Dogecoin (DOGE), the largest meme coin, has set a record for network activity, with 60.9 billion tokens shifted by large investors in 24 hours. Such intense movement usually indicates increased interest from large investors, often called whales, in anticipation of bullish momentum. Spike in Dogecoin whales According to IntoTheBlock data, Dogecoin has seen a 41.2% surge in large transaction volume in the last 24 hours. Large transactions refer to those greater than $100,000, according to IntoTheBlock’s definition. It often reflects whale actions, which might signify strong buying or selling pressure. Notably, the large transaction volume for DOGE came to $23.35…
The NFT sector has recently expressed a remarkable activity this week. As per Phoenix Group, CryptoPunks has dominated the NFT market by securing the all of the top ten sales during the recent seven days, signifying a growing appeal as a leading NFT collection. The on-chain analytics provider took to social media to share the surging position of CryptoPunks. TOP #NFT SALES IN THE LAST 7D Among largest sales in the last 7D are: #CryptoPunkLargest Sale: CryptoPunk #5402 – $560.17K pic.twitter.com/lUpfkG5gaD — PHOENIX – Crypto News & Analytics (@pnxgrp) January 19, 2025 CryptoPunk #5402 Dominates Top Ten Weekly NFT Sales…
The Artificial Superintelligence (ASI) Alliance has launched ASI: Train, a new program focused on developing domain-specific AI models. The initiative kicks off with the introduction of Cortex, a $100 million brain-inspired robotics model designed to enhance AI capabilities in real-world applications. According to a Nov. 26 statement, the program targets complex challenges across various industries like science, medicine, and robotics. Current large language models (LLMs) are great for general tasks but struggle with specialized industry needs. AI models are expected to offer greater precision, efficiency, and relevance for specialized tasks than general-purpose LLMs. With this platform, researchers, investors, and community…
Bitcoin rose above $93,750 today, hitting a new all-time high. Spot bitcoin ETF options are now live on Nasdaq. The product was rolled out in strong demand from traders. Bitcoin (BTC) made new highs on Tuesday as Wall Street rolled out its latest product, almost guaranteed to increase the exposure of the digital currency among financial institutions: options trading on spot bitcoin exchange-traded funds (ETFs). At press time, the top crypto was trading above $93,750, up more than 3% in the last 24 hours. This breaks its previous record of $93,450, set on Nov. 13. Meanwhile, the CoinDesk 20 —…
The cryptocurrency community is welcoming the dramatic shift in U.S. policy since Donald Trump took office, signaling an end to what industry leaders describe as years of “regulatory pressure” under the Biden administration. Early signs of the administration’s crypto-friendly stance include the appointment of David Sacks as artificial intelligence and crypto chief and the nomination of Paul Atkins, a longtime advocate of financial innovation, as SEC Chairman nominee. Insiders say these moves, along with the promised executive orders, could usher in a new era for the industry. One of the most anticipated changes is the reversal of debanking policies that…
DeFi Technologies, a publicly traded Canadian firm, has announced the launch of its subsidiary Valour Inc.’s new product—the Valour Dogecoin (DOGE) ETP—on the Sweden-based Spotlight Stock Market, according to a Nov. 26 statement. This marks the first Dogecoin ETP in the Nordics, giving investors a secure and simplified way to gain exposure to the popular digital asset. The Valour Dogecoin (DOGE) SEK ETP is designed to eliminate the complexities of directly owning digital assets. The fund charges a management fee of 1.9% while providing a cost-effective and streamlined way for investors to participate in the growing crypto market. Johanna Belitz,…
Let’s get one thing out of the way – The United States already holds more bitcoin than any government in the world. While this data is true, you wouldn’t exactly know this from the obscene amounts of FOMO being generated by industry lobbyists on social media. On X, BTC Inc CEO David Bailey, has been pushing for an Executive Order by President Donald Trump that would put this in place on day one, while Satoshi Action Fund founder Dennis Porter has been stoking state-level enthusiasm, pledging to get states active in purchasing before the federal government as some act of…
Robinhood (NASDAQ: HOOD) stock is back to a price last seen in September 2021, soaring above $45.81. This impressive comeback marks a new milestone for the fintech and trading platform, highly benefiting from renewed optimism on cryptocurrencies. Notably, HOOD closed the Wednesday session, on January 15, with a 30.31% premium from its initial public offering (IPO). The fintech launched itself to the United States stock market on July 28, 2021, trading at $38 per share. However, the following years after the IPO were truly challenging for Robinhood, going as low as $8 per share in multiple occasions, starting a shy…
Options trading for BlackRock’s exchange-traded fund (ETF), iShares Bitcoin Trust ETF (IBIT), started on Nov. 19 at Nasdaq and has already moved over $446 million in its first trading hours. Bloomberg senior ETF analyst Eric Balchunas remarked that the volume is “a ton” for a first day, with nearly 98% of trading contracts being calls. He added: “Seems very bullish, esp the Dec20th C100, which is basically betting price of btc [Bitcoin] will double in the next month.” A “call” in an option contract gives the right to purchase a security at a predetermined price, known as the strike price,…