Author: NBTC
Bitcoin’s price surged by 6%, reaching around $66,000, signaling bullish momentum as it broke past the key 200-day moving average of $63,350. Bitcoin Price Chart (TradingView) Over the past 24 hours, whales moved significant volumes of USDT into Binance, signaling their renewed interest in Bitcoin and possibly driving the price upward. While Bitcoin rallied, the S&P 500 also reached a new all-time high, led by strong performance from stocks like Nvidia, which is just 3% shy of its own record high. The sharp rise in Bitcoin’s price also triggered significant liquidations across the crypto market. According to data from CoinGlass,…
FED Chairman Jerome Powell began his planned speech at the event he attended today. Here is everything Powell said about the US economy: Independence allows the Fed to make decisions for all Americans rather than for any political party. I think the same institutional relationship between the Fed and the Treasury Department will continue under the new administration. There is broad bipartisan support for the Fed’s independence; there is no risk of losing that independence. The US economy is in very good shape. I feel comfortable with current monetary policy. I am confident that I will have the same relationship…
Newly launched Grass pre-market futures held steady on Tuesday, Oct. 22, as traders awaited the upcoming airdrop. Grass (GRASS) futures offered by OKX were trading at $1.15, 52% higher than last week’s low of $0.7330. The rally occurred after the developers provided more details about the airdrop. In an X post, the Grass Foundation announced that the first airdrop will consist of 100 million GRASS tokens, representing 10% of the total supply. Of these tokens, 9% will go to users who earned points during the network epoch’s first stage. Another 1% will be distributed to GigaBuds NFT holders and users…
After months of slowdown, the NFT market now shows signs of recovery with a 22% increase in trading volume as of November, boosted by prices and high activity in blue-chip collections. The market of non-fungible tokens seems to be showing signs of recovery, with an over 20% surge in trading volume in November, per a report by DappRadar. According to the data, NFT trading volume reached $698 million, marking a 22% increase from October. NFT trading volume and sales count in 2024 | Source: DappRadar DappRadar’s analyst Sara Gherghelas attributes the growth to “increased engagement with blue-chip collections” like those…
The crypto industry continues to attract key players in the financial sector who once harbored doubts. Ken Griffin, the CEO of Citadel, has voiced his regret regarding missed opportunities in the crypto market from several years back. This sentiment is indicative of a more general trend in which established financial institutions are increasingly investigating the potential of digital currencies and blockchain technology. Griffin’s regrets of failing to invest in the decentralized finance market emphasize the increasing acceptability and recognition of digital assets within traditional finance circles. More financial leaders are reevaluating their stance on these digital innovations as the industry…
Meme coins have been on an upward trend since spring — and although noted experts like Michaël van de Poppe warn that the surge could die down soon, there are still plenty of profits to be had — provided that opportunities are spotted in time. This is best exemplified by savvy traders who manage to turn humble investments into hundreds of thousands, if not millions of dollars. However, there’s a catch — impressive as they are, these trades are highly speculative, risky, and timely — on top of that, they’re often executed by accounts that place dozens of trades a…
The global financial and payments ecosystem is gradually transforming with the advent of central bank digital currencies (CBDCs), which financial institutions worldwide continue to look into in the hopes of finding new use cases. The European Investment Bank (EIB) is the latest institution to be reported working on advancing its CBDC ambitions with the issuance of its sixth digital bond. The EIB’s latest move is a €100 million ($104.8 million) issuance relying on the Banque de France’s wholesale CBDC offering for settlement. The novel settlement strategy employed by the EIB has triggered a wave of optimism among financial ecosystem players,…
In a recent X interaction, Ripple’s Chief Technology Officer David Schwartz responded to speculation about the future price of XRP, addressing the ongoing curiosity in crypto circles. An X user had posed a question to Schwartz, seeking to know the timeline for when the true value of XRP might be realized. The user inquired whether this could happen within a year or two, or perhaps by 2027, 2028 or 2030, especially considering that the SEC is not appealing in the case – not continuing to argue that XRP is a security. The price of XRP, the seventh largest cryptocurrency by…
The cryptocurrency market is currently experiencing significant movements driven by various global economic factors. Bitcoin’s price surged past $66,000, while Ethereum also saw gains, reaching its highest price in two weeks. Notably, BlackRock’s CEO Larry Fink emphasized the increasing adoption of digital assets, marking a pivotal moment for the industry. This article explores the latest developments in the cryptocurrency market, highlighting key economic drivers and market trends that could shape the future of digital assets. Bitcoin and Ethereum Rally Amidst Positive Economic Sentiment In the ever-evolving landscape of cryptocurrencies, Bitcoin recently surpassed $66,000, reflecting a 4.8% increase in just a…
Coinbase stock and the YieldMax COIN Option Income Strategy (CONY) ETF will be in the spotlight after Bitcoin surged above the key resistance level at $100,000. CONY was trading at $18 on Wednesday, down by 37% this year, while COIN was at $330, up by 90% this year. Bitcoin price hits $100,000 The main catalyst for the Coinbase and CONY ETF will be the ongoing Bitcoin price surge as it crossed the important resistance level at $100,000. It then quickly jumped to $103,000, a trend that could continue in the coming months. Coinbase and other crypto-related companies do well when…