Author: NBTC

SuperRare, a prominent player in the digital art marketplace, has reported a significant 45% drop in monthly visits year-over-year (YoY). This is according to data from Statista. The decline in SuperRare’s visits reflects a broader trend of falling NFT sales and widespread disinterest in digital artwork. Estimated total number of visits to the digital art market website superrare.com Source: Statista SuperRare monthly visits drop to a new low since 2021 2024 started reasonably well for SuperRare, with a remarkable improvement in monthly visits from December 2023, marking a 29% rise in January’s figures. However, moving into February, visits slumped to…

Ethereum’s gas fees plummeted to a five-year low earlier this week, with some attributing the drop to users and applications migrating to trendier blockchains. Analyst Ryan Lee suggests that historical data shows a correlation between low gas fees and a subsequent increase in ETH price. A steep drop in fees paid to transact on the Ethereum could spell a bullish sign for the network’s underlying ether (ETH) tokens, one analyst said, citing historical data. “Every time ETH gas fees drop to rock bottom has often signaled a price bottom in the mid-term,” Ryan Lee, chief analyst at Bitget Research, in…

As the rapid growth of cryptocurrency projects like Worldcoin continues to gain momentum in Ecuador, the country’s central bank (Banco Central del Ecuador, BCE) has reiterated that digital assets do not have legal status and cannot be used as an official electronic payment method. The BCE’s statement comes in response to the increasing number of people in Ecuador engaging in cryptocurrency transactions, particularly through the Worldcoin project, which has seen thousands of individuals receiving a basic universal income in the form of 60 WLD tokens. Worldcoin’s impact and public engagement in Ecuador Worldcoin, a cryptocurrency project that launched in Ecuador…

Lemon, an Argentina-based cryptocurrency exchange and wallet, has received a license to allow fiat-crypto interactions in Peru. The exchange, the first to receive such a license in the country, now eases the processes required to deposit and exchange fiat for crypto, with users only needing a phone number for this task. Lemon Receives First Fiat-Crypto Interoperability License in Peru Lemon, a popular Argentina-based and Latam-focused cryptocurrency exchange, has recently announced that it has reached a milestone in Peru, having received the first fiat-crypto interoperability license in the country. The company, which has over 2.6 million users in Latam, will allow…

As of recent data, Bitcoin has been trading close to the $59,000 range. Despite some miner capitulation, substantial accumulations were noted among larger mining entities. Bitcoin experienced significant miner capitulation due to a price dip last week, intensifying outflows from miners. Discover the latest data on Bitcoin’s miner capitulation and its impact on the market dynamics. Learn how key players navigate the shifting landscape amidst rising difficulties. Bitcoin’s Miner Capitulation Unveiled The latest insights from CryptoQuant revealed a notable capitulation among Bitcoin miners as the cryptocurrency’s price plummeted to around $49,000. On August 5th, miner outflows surged dramatically to 19,000…

By all means, BlackRock iShares Bitcoin Trust (IBIT) has outperformed its counterparts in the last seven months. The spot Bitcoin ETF product currently has a record no other issuer can boast of. According to Nate Geraci, the president of ETFStore, IBIT has recorded only one day of outflow since it launched in January. BlackRock spot Bitcoin ETF rises above crypto market crash Geraci highlighted this milestone while pointing out that the product has seen up to $20.5 billion in inflows. He concluded his X post by describing IBIT as the “top launch of 2024.” “This is exactly what ‘no demand’…

A new outlook on the price of major altcoin Ethereum (ETH) was dropped recently by legendary trader Peter Brandt, who has been operating on financial markets since the 1970s. However, an interesting twist emerged. But first things first. Brandt highlighted a bullish wedge after a retest of the upper boundary of the price range, from which the price of Ethereum broke above. Brandt said it was the most bullish setup he has seen this week. Indeed it is, as the situation shown on the attached chart looks like a textbook example of bullish price action. The catch, however, is that…

Three cryptocurrencies will unlock over $170 million in tokens this week, which cryptocurrency traders should avoid having substantial exposure to. These unlocks have the potential to flood the market, leading to increased selling pressure and significant price fluctuations. On July 7, Finbold retrieved data from the TokenUnlocks.app, which shows $186.32 million in the seven-day cliff unlocks. Notably, this week’s three leading protocols will release $173.02 million in tokens, accounting for 93% of the total. Nine projects in total make up the “next seven days cliff unlocks:” Aptos (APT), Xai (XAI), ImmutableX (IMX), Ethena (ENA), io.net (IO), dYdX (DYDX), Moonbeam (GLMR),…

When Donald Trump gave his landmark speech at the recent Bitcoin Conference in Nashville, it seemed like the Republican presidential nominee might have a lock on the crypto vote going into November’s election. But, with President Biden deciding not to run and Kamala Harris taking his place at the top of the ticket, parts of the crypto community seem inclined to give Democrats another chance on crypto policymaking. Possibly. Tonight, Crypto4Harris, a group of Democrat-leaning crypto advocates, is organizing an online “townhall” to discuss the way forward. “Come meet the crypto industry leaders, policy professionals, and enthusiasts who are organizing…

Blockstream chief executive Adam Back says that Bitcoin (BTC) remains in the early stages of an ongoing bull market cycle. In a new interview with Anna Tutova, the CEO of Coinstelegram, the longtime Bitcoin veteran says Bitcoin could potentially soar more than 700% from the current value this cycle. “We’re still in the early stages of the bull market I would say… I see that [BitMEX founder] Arthur Hayes was predicting $1 million per Bitcoin by the end of this cycle. Other people have said half a million. So anything in that range I think is possible.” Beck says one…