Author: NBTC
Bitcoin’s recent price action has been nothing short of exhilarating, but beyond the market buzz lies a wealth of on-chain data offering deeper insights. By analyzing metrics that gauge network activity, investor sentiment, and the BTC market cycles, we can gain a clearer picture of Bitcoin’s current position and potential trajectory. Plenty Of Upside Remaining The MVRV Z-Score compares Bitcoin’s market cap, or price multiplied by circulating supply, with its realized cap, which is the average price at which all BTC were last transacted. Historically, this metric signals overheated markets when it enters the red zone, while the green zone…
Shytoshi Kusama, the enigmatic lead of the Shiba Inu team, has triggered a mixed reaction from the SHIB community with what seems to be a sarcastic tweet about SHIB burns. He has also retweeted a post on the upcoming update of the automated SHIB burn system that the Shiba Inu team plans to implement soon. “Burn from billion dollar wallet” The pseudonymous lead developer shared his excitement about “a burn came from the billion dollar wallet, pre-announced.” But then he hinted that there was actually no burn and “that wallet is still frozen in time.” “Ok, back to work then,”…
Prominent centralized exchange KuCoin has confirmed the listing of TREAT, the latest token in the Shiba Inu ecosystem. In an announcement today, KuCoin disclosed that TREAT will be available for trading on KuCoin’s spot platform starting Tuesday, January 14th. The exchange expressed delight in welcoming the Shiba Inu ecosystem token, viewing it as a promising project. Details of Shiba Inu TREAT Listing According to the announcement, deposits of TREAT are now open through the Ethereum ERC-20 network. Meanwhile, trading against USDT will start in four days. Withdrawals will be available 24 hours after trading begins. Furthermore, KuCoin has disclosed plans…
Bitcoin is treading a fine line near the coveted $100,000, keeping traders on edge as the market teeters between a breakout or a correction. Bitcoin Currently priced at $98,500 to $98,750 over the last hour, bitcoin (BTC) is navigating a complex market terrain defined by psychological resistance at $100,000 and a well-established support zone below. The daily, 4-hour, and 1-hour charts reveal a tug-of-war between bullish possibilities and bearish risks, with mixed signals creating a suspenseful setup. Let’s unpack the technical indicators and potential paths for this digital heavyweight. Bitcoin daily chart. The daily chart paints a picture of bitcoin…
XRP, the fifth largest cryptocurrency by market capitalization, has seen a surge in activity in the last 24 hours, with trading volumes skyrocketing to over $18 billion in just 24 hours. This remarkable spike in activity comes alongside significant whale movements, with Whale Alert tracking 292.7 million XRP shifting across multiple XRP transactions. Blockchain data tracker Whale Alert reported five transactions involving 292.7 million XRP during the last 24 hours. These transactions saw a move of XRP from exchanges or wallets to another wallet. Whale Alert reports: 120,000,000 XRP worth $228,711,662 transferred from Bithumb; 13,460,355 XRP worth $25,943,460 transferred from…
Binance has announced the listing of aixbt by Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (COOKIE) on its spot trading platform. Binance to List AIXBT, ChainGPT, and Cookie DAO with Seed Tags Applied Trading of these tokens will begin on January 10, 2024 at 16:00 CET and the following pairs will be offered: AIXBT/USDC AIXBT/USDT CGPT/USDC CGPT/USDT COOKIE/USDC COOKIE/USDT Key Details Deposits Now Open: Users can now deposit AIXBT, CGPT, and COOKIE to prepare to trade. Withdrawals Open: Withdrawals for these tokens will begin on January 11, 2024 at 16:00. Listing Fee: Binance has waived the listing fee (0 BNB).…
Crypto has all sorts of stories we hope are really true. For one, bitcoin’s rising price is dictated by the world recognizing its raw disruptive power. No way that it’s a simple reflection of the global liquidity cycle. Nor does it serve as a basic multiplier on the performance of megacap tech stocks in the Nasdaq 100. Correlation be damned. Coincidence at best. Here’s another: The price of bitcoin goes up when Binance co-founder Changpeng Zhao tweets “gm.” It’s something I covered a while back. But that was before Zhao finished up his four-month prison stint in September, which included…
Pump.fun has become a major player in the meme token ecosystem, achieving exceptional growth since its April 5, 2024 launch. The platform’s dominance in token deployment, fee generation, and market relevance highlights its potential as a leader in the meme token space. With strategic roots in the Solana network and developer-friendly mechanisms, Pump.fun is changing how meme tokens are created and traded. The platform’s impact extends to decentralized exchanges (DEXs) and major crypto exchanges like Binance. Pump.fun’s Impressive Growth and Market Dominance In just 239 days, Pump.fun generated $368 million in fee income, averaging $1.54 million daily. It deployed over…
CoinDCX recorded $1 billion in trading volume in December despite high taxes and strict regulations in India. The platform focused on security and user education to attract and retain traders in a tough market. Global partnerships and innovative features helped CoinDCX maintain growth and lead the Indian crypto sector. CoinDCX recorded close to $1 billion in spot trading volume in December 2024. This achievement came despite significant challenges in India’s crypto market. High taxes and strict regulations made operating conditions tough. However, CoinDCX managed to show steady growth during this period. BREAKING: 🇮🇳Indian crypto exchange CoinDcx had nearly $1 billion…
Here is yet another stab from Italy towards Bitcoin: the Consob Commissioner Federico Cornelli has urged savers to exercise maximum caution on the crypto. Under the 7th largest asset in the world by capitalization, according to the “brain” forged by the Bocconi path, there would be nothing solid. Only speculation and activities still poorly regulated to which all of us should pay the utmost attention to avoid ending up with the match in hand. Setting aside the chatter, however, Bitcoin responds with facts and marks further all-time highs close to 100,000 dollars, attracting worldwide media attention. It is evident that…