Author: NBTC

Bitcoin bulls have again reignited momentum in the BTC market over the weekend, propelling its value upward by over 2% and pushing it back into the $68,000 range. This bullish resurgence follows a sharp dip to $65.5K on Friday, marking a pivotal turn after a brief period of bearish pressure. Now, with sentiment shifting in favor of the bulls, eyes are on the $70,000 resistance level, where a possible new all-time high may lie within reach. BTC Price Action CoinMarketCap data reveals a transition in the cryptocurrency’s price action over the past 24 hours, as bearish pressure gave way to…

Ethereum trades in the $3.2K range, with a brief 1.47% spike. ETH experienced a liquidation of $88.74 million in the market. The surge in crypto asset prices ignited a bullish sentiment in the cryptocurrency market. Notably, the global crypto market cap currently settles at $2.99 trillion, with a 3.64% increase over the day. Bitcoin (BTC) hit its new all-time high of $93.4K, which lifted the crypto market. Despite the surge, the largest altcoin Ethereum (ETH) struggles to break the crucial $3.5K mark after crossing the $3.2K mark. The altcoin began a downside correction and is now consolidating and facing obstacles…

Institutional investors are demonstrating increased confidence in digital assets, with 57% planning to boost their cryptocurrency allocations despite ongoing market volatility, according to Sygnum’s Future Finance 2024 survey released today (Thursday). The survey, which polled over 400 investment professionals across 27 countries, reveals a significant risk appetite among institutional investors, with 63% assessing their risk tolerance as high or very high. More than half of respondents maintain portfolio allocations exceeding 10% in digital assets. Single token investments remain the preferred strategy at 44%, closely followed by actively managed exposure at 40%. The primary motivation for crypto investment is exposure to…

Overview of GSR Markets’ Recent Crypto Transfers to Binance GSR Markets, a prominent crypto market maker, recently made a significant deposit of 8.589 million ENA tokens, valued at $2.83 million, into Binance. The transaction was reported by on-chain analyst The Data Nerd on X, and it marks one of several major transfers by GSR Markets within the last 24 hours. The firm also transferred 820,000 RENDER tokens (worth $3.57 million), 1,675 ETH (valued at $4.07 million), and 8,000 SOL (approximately $1.31 million) into Binance, suggesting a potential increase in trading or liquidity activity across these assets. These high-value deposits indicate…

Furahaa Group, a French plant-based fast-food ledger, has taken a bold step into the digital investment landscape by listing its token $FURA on the INX platform. The launch is scheduled for November 20, 2024, at 12:00 PM GMT +2. The listing aims to enable global investors to access fractional ownership of Furahaa’s equity through a blockchain-based marketplace, INX. The Vision of Furahaa Group for Sustainable Growth The collaboration with INX, a regulated platform for digital securities, marks a pivotal moment for Furahaa Group, which has grown quickly since its inception in 2015. The company which is known for its affordable…

DWF Labs’ Recent ORBS Token Transfer In a recent blockchain transaction, a wallet linked to DWF Labs moved 150 million ORBS tokens, valued at approximately $3.43 million, to a new wallet address. This transfer, which took place about three hours ago, was reported by on-chain analysis platform Arkham. The transaction highlights another strategic movement of assets by DWF Labs, a notable player in blockchain investments and cryptocurrency market-making. The transfer of such a large volume of ORBS tokens has drawn attention within the crypto community, as significant token movements by prominent firms like DWF Labs can impact market sentiment. It…

In recent Ethereum transaction news, one ETH whale sold 5,000 ETH for $15.6 million in panic after the price of Ethereum started plummeting. After the $ETH price dropped, a whale panic-sold 5,000 $ETH($15.6M) and requested to withdraw all the remaining 9,817 $ETH($31M) from Lido.The whale bought 14,877 $ETH($42.6M) at an average price of $2,864 on Feb 1 and Apr 24, with a profit of $4M.https://t.co/vwuHUQxEX4 pic.twitter.com/FLI8QqLOKY — Lookonchain (@lookonchain) November 13, 2024 This massive sell-off was witnessed right when the whale launched a request to withdraw an additional 9,817 ETH ($31 million) from Lido, a staking service for Ethereum. This…

Although the high inflation that the FED has been struggling with for a long time has retreated, it is still above the FED’s 2% inflation target. However, the FED has started a rate cutting cycle. At this point, the FED, which initiated the first interest rate cut with 50 basis points in September, made the second cut of 25 basis points in November. While the FED is expected to make a rate cut in December, after yesterday’s inflation data, the probability of the FED cutting interest rates in December is priced in at 82.3%. Before the CPI data, it was…

In October, Cardano (ADA) reached an important milestone, with a huge increase in transaction volume. Recent reports indicate that the network experienced record-high transactions, showing a growing interest in the Cardano ecosystem. This transaction increase demonstrates Cardano’s potential to become a key player in the blockchain space, as it develops its ecosystem and attracts more users and projects. Cardano experiences exponential growth Cardano activity increased due to its Hydra scaling solution and Plutus smart contracts, among other upgrades. According to a post on X, the token’s policies have risen by 3,287, and 60,000 more native tokens were minted in October.…

Bitcoin targets $71K as strong technical indicators suggest continued bullish momentum. Key resistance lies at $69,000 and $70,000, with support around $66,500 and $64,000. External factors like Fed policies and SEC actions may impact Bitcoin’s price movement. Bitcoin’s recent price surge has drawn plenty of attention. With just a few days left in October, the monthly candle looks strong, hinting at a possible run to $71,000. Bulls seem in control, pushing prices above key technical levels. But can this momentum last, or will resistance hold the line? #Bitcoin Next Target: $71,000 🎯🚀The monthly candle is looking strong with just a…