Author: NBTC

Blockchain monitoring firm Whale Alert identified a massive Bitcoin transfer involving 1,474 BTC, valued at over $123 million, on April 4th as the crypto market gradually reclaims previous price losses. According to the report, the mysterious transaction saw the large amount of Bitcoin moved out of major U.S. crypto exchange Kraken to an anonymous accumulator. Kraken Releases 1,474 BTC as Price Hits $84,000 This move comes amid a broad crypto market rally, with the prices of top cryptocurrencies experiencing a solid rebound after weeks of high volatility, signaling increased buying activity from investors. Data provided by CoinMarketCap shows a brief…

Amid the ongoing crypto market bloodbath, the Shiba Inu (SHIB) community has continued its token burn strategy, with the team revealing the latest burn activity involving 15,239,220.91 SHIB being removed from circulation. Following this latest burn, a total of 819,034,689 SHIB has now been sent to dead or unspendable wallets, where they can never be retrieved. SHIB burns decline 60.65%, TVL stagnant While data from the Shibburn website shows that a total of 37,643,409 SHIB has been burned over the past day, the SHIB burn rate has surprisingly declined by 60.65%. The drop in SHIB’s burn rate comes as a…

Bitcoin’s hashrate reached a lifetime peak on April 5, climbing to 883 exahash per second (EH/s), a gain of approximately 21 EH/s compared to the previous record set on March 28. Bitcoin Miners Push Limits as Difficulty Hits 121.51 Trillion and Hashrate Peaks At press time, the Bitcoin network’s computing capacity is gliding at 876.24 EH/s, slightly below its recent peak. This record-setting hashrate arrives as mining difficulty edged up by 6.81%, raising the bar for miners attempting to validate new blocks. The current spot hashprice—the projected daily return for 1 petahash per second (PH/s) of SHA256 hashpower—stands at $46.16…

The global M2 money supply has surged to an all-time high of $108.4 trillion, raising fresh questions about Bitcoin’s next move. The milestone comes amid escalating economic uncertainty following former President Donald Trump’s new “Liberation Day” tariffs and China’s swift retaliatory measures, which together have roiled global markets. What is M2 and Why Does It Matter for Bitcoin? Despite the extreme volatility over the past two weeks, Bitcoin’s average value has remained almost unchanged. Analysts claim that Bitcoin’s latest volatility reflects macroeconomic fears and fluctuating long/short ratios – but the largest cryptocurrency is nowhere near a bear market. This is…

Investments of $5,000 and $10,000 in Dogecoin when Elon Musk first tweeted about it would have yielded staggering gains at the current market price. Dogecoin, the largest meme coin by market cap, has had a long-standing bromance with Tesla founder Elon Musk. The world’s richest man has not hidden his admiration of the Shiba Inu mascot-themed meme coin, taking to X (formerly Twitter) several times to promote the token. For context, Musk called himself the “Doge Father” in September at a public appearance, a testament to his love for the token. Recall that in April 2023, he changed X’s logo…

Bitcoin has seen yet another bounce in the past day, adding to the recent series of rebounds. Here’s what on-chain data says regarding if BTC is going anywhere with them. Bitcoin Realized Profit/Loss Ratio Could Shed Light On Broader Dynamics In its latest weekly report, the on-chain analytics firm Glassnode has discussed about the recent trend in the Realized Profit/Loss Ratio for Bitcoin, which is an indicator that can be useful to study how investors are reacting to price volatility. The metric measures, as its name already suggests, the ratio between the amount of profit and that of loss being…

If an investor had procured $1,000 in Shiba Inu when Ethereum founder Vitalik Buterin burned 410 trillion SHIB, his ROI would not have been very great. Market commentators have often touted Shiba Inu as one of the best crypto assets to have invested in at its early stages. This is largely due to its promising return on investment (ROI) since launch, which transformed several investors into millionaires overnight. Notably, data from CoinMarketCap indicates that Shiba Inu has an all-time ROI of 912,577%. For perspective, such an ROI would have transformed a $1,000 investment into $9.1 million. However, this favorable ROI…

GameStop’s recent announcement regarding its acquisition of Bitcoin has sent its stock on a rollercoaster ride, experiencing dramatic fluctuations. Initially, shares surged significantly, only to plummet shortly after, leaving many investors taken aback. Key factors behind this volatility include a rise in short positions and speculation about a potential price squeeze. Why Did GameStop’s Stock Fluctuate?Are Short Positions Increasing Again? Why Did GameStop’s Stock Fluctuate? After the Bitcoin news, GameStop’s stock saw an impressive 16% increase. This spike, however, was not sustainable, as the stock experienced a rapid 26% decline just days later. This unexpected downturn has raised concerns, especially…

LunarCrush has recently released a new update of its AltRank metric, spotlighting ten altcoins demonstrating heightened market performance and social interaction. AltRank indicator takes into account price changes and users’ engagement on multiple platforms to provide insight into current shifts throughout the altcoin market. This update marks an increase in activity in the number of tokens and changes in the rankings of token leaders. TOP 10 COINS BY LUNARCRUSH ALTRANK$RARE $COMP $UXLINK $ZETA $PARTI $AERO $SPA $ALCH $VIC $NAKA pic.twitter.com/DxbvtmY8M9 — PHOENIX – Crypto News & Analytics (@pnxgrp) April 3, 2025 SuperRare, Compound, and UXLink Take the Lead SuperRare ($RARE)…

Since the start of April, bitcoin (BTC) has experienced an unusual increase in conviction from both short-term and long-term holders. According to Glassnode, short-term holders—those who have held bitcoin for less than 155 days—are typically more reactive to price movements, often buying during periods of euphoria and selling during downturns. However, of late, short-term holders appear to have become value-driven buyers despite bitcoin currently sitting roughly 25% below its all-time high. Since the start of April, this group has grown by around 15,000 BTC, now holding a total of just over 3.7 million BTC. That said, since February, they have…