Author: NBTC
A smart crypto investor has spent millions on purchasing Dogwifhat (WIF), according to data shared by Lookonchain today November 26 2024. This incredible story came to the limelight when Lookonchain identified the investor’s trading activity on the Solana blockchain. The on-chain analytics platform flagged a wallet named “sbfonchain.sol” spending $4.73 million USDC to purchase 1.42 million Dogwifhat tokens at $3.34 two hours ago. WIF price boots after major listing The recent whale activity signals big investors’ interest in Dogwifhat. The creators launched Dogwifhat in 2023. So far, the meme coin’s market cap rose from zero last year to a current…
Bitcoin is nearing an important Fibonacci level on its price chart, with experts predicting an imminent breakout. Analyst Josh of Crypto World suggests Bitcoin could soon hit resistance at the 1618 Fibonacci extension level, which is between $94,000 and $95,000. Spot Bitcoin ETFs Seeing Inflows On the heels of this announcement, the market saw a positive shift, with Bitcoin ETFs experiencing a net inflow of over $400 million. This is a reversal from the previous outflows and could signal a continued upward trend for Bitcoin as more institutional money flows into the market. Short Squeeze and Bullish Momentum MicroStrategy, led…
The overall cryptocurrency market has shown strong bullish potential ahead of President-elect and pro-crypto advocate Donald Trump’s inauguration, scheduled for January 20, 2025. However, one thing that has been capturing the massive attention of crypto enthusiasts is the recent activity of crypto giants over the past week. Whales Purchase Over $1 Billion in ETH Recently, a prominent crypto expert posted on X (formerly Twitter), revealing that whales have purchased over a billion dollars worth of Ethereum (ETH) in the past week. The expert stated that more than 330,000 ETH, valued at over $1 billion, has been acquired by these crypto…
MicroStrategy, led by Michael Saylor, is set to propose a major increase in authorized Class A shares to help fund its Bitcoin buying strategy. As per a report from Bloomberg, analysts expect MicroStrategy’s proposal to raise authorized shares to 10.3 billion to pass easily on January 21, with Michael Saylor controlling about 47% of the voting power. Remarkably, MicroStrategy could have more outstanding shares than all but four of the five largest Nasdaq 100 companies. The company had announced its plans to raise $42 billion over three years to buy Bitcoin, nearly doubling its holdings to over $44 billion through…
TON leads blockchain performance in 2024 with unmatched growth and widespread user interest across sectors. Bitcoin and Ethereum trail behind as TON’s speed and scalability redefine blockchain priorities this year. TON’s expanding ecosystem and developer focus make it the most promising blockchain for innovation and adoption in 2024. Toncoin has emerged as the top cryptography protocol in 2024 with a 177.9% year-to-date growth that surpasses all major competitors. Data from CryptoQuant outlines its exceptional rise compared to Bitcoin, Ethereum, and other major blockchain networks, signaling increasing adoption and user interest. Its unexpected surge in value reflects growing momentum among developers…
BlackRock, the largest asset management in the world, officially launched iShares Bitcoin Trust ETF (IBIT) for options trading in Nasdaq, while Bitcoin (BTC) hit an all-time high of $94,041. Since the Securities and Exchange Commission (SEC) approved Bitcoin ETF trading options in September, IBIT is the first crypto product to reach the final clearing steps in the past four days and was approved on Nov. 18. Now, IBIT goes live on the U.S. stock market. According to Bloomberg Intelligence ETF analyst James Seyffart, in his X’s post on Nov. 19, there are 289,000 call options and 65,000 put options in…
Ethereum holds steady above $3,300, as crypto traders gear up for President-elect Donald Trump’s inauguration. Derivatives traders are bullish on Ethereum, and open interest in Ether’s derivatives contracts crossed $30 billion as of Friday. Ethereum’s large wallet investors continue accumulating the token despite its lacklustre price performance in 2024. The altcoin enjoys a high correlation with Bitcoin, and the recent market movers are conducive to gains in Ether. Table of Contents Ethereum sees big bets from derivatives traders Ethereum on-chain analysis Ethereum market movers Technical analysis and ETH price forecast Vitalik Buterin’s take on Ethereum Layer 2 and the future…
A recent study from the University of Georgia shows a high correlation between social media use and crypto investment. The study, published in the International Journal of Bank Marketing, aims to analyze the influence of social media on investors’ behaviour towards cryptocurrencies. The research done by Kyoung Tae Kim and Lu Fan investigates the connection between time spent on social media and the propensity of people to invest in cryptocurrencies. The study shows that social media significantly influences investment decisions, including risky ones such as cryptocurrencies. Cryptocurrencies remain rather popular, even though they are characterized by high fluctuations. This study…
In a significant advancement for the cryptocurrency market, Ondo Finance is leveraging LayerZero technology to enhance the interoperability of its yield-bearing stablecoin, USDY. This integration allows USDY to function seamlessly across various blockchain environments, marking a critical evolution in DeFi stablecoins. LayerZero’s technology positions USDY as a strong competitor to established stablecoins like USD Coin (USDC) and Tether (USDT), as indicated by Ondo’s recent remarks. Ondo Finance enhances its yield-bearing stablecoin, USDY, with LayerZero, ensuring seamless cross-chain functionality in the DeFi space. Ondo’s Strategic Move to Enhance USDY Fungibility Across Blockchain Networks Ondo Finance is at the forefront of innovation…
Bitcoin price is consolidating gains near the $91,000 zone. BTC is holding gains and might soon aim for more upsides above the $94,000 level. Bitcoin started a fresh increase above the $91,000 zone. The price is trading above $91,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $90,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $93,200 resistance zone. Bitcoin Price Could Rally Again Bitcoin price remained supported above the $90,000 level. BTC formed a base…