Author: NBTC
Post the Spot Ethereum ETFs launch, the ETH price has continued to struggle unexpectedly, proving that the launch of the Spot ETFs were a ‘sell the news’ event. So far, the second-largest cryptocurrency by market cap has lost around 10% of its value since the Spot Ethereum ETFs trading began on Tuesday, July 23, and could see further decline from here, according to an analysis from Matrixport. Spot Ethereum ETFs Triggers Selling Following the launch of the Spot Ethereum ETFs, there was a lot of excitement in the market, especially around the fact that investors could now gain exposure to…
The cryptocurrency market experienced a major recovery last week, with the Bitcoin price surpassing the $67,000 threshold as the likelihood of Donald Trump being elected US President increased. However, there will be large token openings in many altcoins in the new week. Here is the special token lock opening calendar we have prepared for you as Bitcoinsistemi.com. (All times are stated in UTC+3 Türkiye time) Safe Market Value: $564.92 million Amount of Tokens Unlocked: $50.63 million (8.96% of market cap) Date: 22 July 2024, 09:00 AltLayer (ALT) Market Value: $172.15 million Amount of Tokens Unlocked: $1.03 million (0.60% of market…
HIVE Digital Technologies Ltd., the Bitcoin miner from Wall Street (Nasdaq: HIVE) announced plans to construct a 100-megawatt BTC mining operation in Paraguay, aiming to double its revenue and significantly boost its hashrate capacity. The Vancouver-based company, which specializes in green-focused data centers, intends to power the facility using clean energy from the Itaipu hydroelectric dam. This expansion is expected to increase HIVE’s global Bitcoin mining capacity from 5.6 to 12.1 exahash per second (EH/s) within the next year. Frank Holmes, Executive Chairman of HIVE “This represents a significant milestone in our diversified growth strategy,” Frank Holmes, HIVE’s Executive Chairman,…
The total value of assets locked in Ethereum Layer 2 systems has reached nearly $44 billion, according to L2BEAT. These Layer 2 solutions are designed to enhance Ethereum’s scalability and efficiency, making transactions faster and cheaper. Here is the detail of the top Layer 2 projects based on their Total Value Locked (TVL) in USD. Top Ethereum Layer 2 Projects by Total Value LockedThe total value of assets locked in @Ethereum #Layer2 systems is almost $44B at the moment, according to @l2beat. Let’s compare the top Layer 2 projects by current TVL in USD, including @Arbitrum $ARB, @Base, @Optimism $OP,……
Bitcoin’s price made a positive start to the week, soaring 5% within the daily timeframe to reach the $63,700 mark on July 1. Rising accumulation among bullish traders could propel BTC further upwards in the days ahead. Bitcoin price kicks off July with 5% Surge The global crypto market was subject to intense volatility in June 2024. While buyers remained active, several bearish events, including the US Fed deciding against an H1 2024 interest rates cut and delays surrounding the Ethereum ETFs launch, have prevented the market from maintaining an upward momentum during the month. Bitcoin closed the June 2024…
Famous American actor and professional actor John Cena becomes an honorary member of the Shiba Inu community. The team behind the Shiba Inu ecosystem revealed the development over the weekend while reacting to an X post from its Telegram group admin, Xander Shib. Never Give Up In the post, Xander urged Shiba Inu enthusiasts to keep living the dream and never give up. The team member attached a gif to the tweet showing John Cena holding a banner with the caption, “Never Give Up.” Reacting, Shiba Inu’s X handle shared a fun fact about the professional wrestler, noting that John…
Nimble Network, a decentralized orchestration layer that uses AI technology, has recently announced its latest collaboration with Rivalz Network. The partnership between Nimble Network and Rivalz Network will substantially improve the reach and capabilities of the AI apps with the provision of a resilient foundation for upcoming innovation. The platform revealed the details of this initiative on its official social media account on X. We are thrilled to announce our brand new partnership with @Rivalz_AI!Rivalz Network is launching an AI-driven DePIN RollApp to establish the infrastructure for an AI Data Provenance layer and a modular AI-app ecosystem.This partnership will allow…
Although Bitcoin is attempting to mount a recovery, technical indicators suggest that investors should be concerned. In particular, according to an analysis by investment research platform Game of Trades in an X post on July 2, Bitcoin has broken back into its rising channel around $62,000 after spending four months above it. Based on this movement, the platform pointed out that Bitcoin’s downside risk is now elevated. “Bitcoin has now broken back into its rising channel after spending 4 months above it. Until the channel resistance is reclaimed, downside risk is elevated,” the platform noted. The analysts pointed out that…
Crypto prices are bouncing back after two rough days. Bitcoin climbed over 5%, hitting $68,151, and Ethereum rose 3% to $3,270 at press time. This comes as investors move back into riskier assets. Stocks like the Nasdaq Composite and S&P 500, which had their worst day since 2022 earlier this week, also saw gains. Coinbase jumped 4%, and MicroStrategy leaped 9%. Bitcoin got a boost when the Federal Reserve’s favorite inflation gauge, the personal consumption expenditures price index, showed prices had eased a bit in June compared to a year ago. This news makes a September interest rate cut seem…
Core DAO achieves a milestone of 20 million unique addresses, highlighting its rapid adoption. Core DAO’s impressive growth secures its position as a top gainer in the cryptocurrency market. Core DAO has emerged as a prominent cryptocurrency, attracting investor attention throughout July. Its initial release sent shockwaves through the cryptocurrency world, as the project effectively blended the decentralization and security of Bitcoin with the scalability and usability of Ethereum. Core: Remarkable Performance and Market Success As of this writing, the value of Core DAO’s native token, CORE, has increased by 13.89% over the last 24 hours, reaching $1.64. This outstanding…