Author: NBTC
A closely followed crypto analyst says that Bitcoin (BTC) could surge to a new all-time high within the next few months. In a new video update, crypto strategist Jason Pizzino tells his 330,000 YouTube subscribers he has concluded that the top crypto asset by market cap will likely skyrocket to a new record price to finish off this cycle. However, the trader says that the crypto king will remain under its previous all-time high for 4-6 months before breaking out, noting that the four-month threshold is about to be crossed. “In March, [it was] very unpopular at the time to…
Ether (ETH), the second-largest cryptocurrency by market capitalization, has fallen below the $3,000 mark in recent trading, mirroring Bitcoin’s decline and erasing gains from the weekend. This drop comes amid large holders selling off their ETH, even as anticipation builds for the potential approval of a spot Ethereum exchange-traded fund (ETF) in the United States. As per CoinMarketCap data, ETH dropped more than 4%, reaching a daily low of $2,822. However, at the time of writing, the cryptocurrency is trading at $2,914. The trading volume of ETH rose 27.25%, standing at $13.9 billion. Meanwhile, the market cap of the cryptocurrency…
As June approaches, notable token unlock events are set to influence the market. BeInCrypto has identified the top five token unlocks that could potentially impact market dynamics, providing traders and investors with both opportunities and challenges. According to data from TokenUnlocks, in June 2024, the crypto market will see the release of over $800 million worth of tokens into circulation. This influx of liquidity will potentially create waves across various digital assets. Anticipated Token Unlock Events in June 2024 Token unlocks are pivotal for the crypto market because they introduce previously unavailable tokens to the public market. This often leads…
Bitget, a prominent cryptocurrency exchange, has published its Q2 2024 transparency report, revealing impressive growth and milestones achieved in the first half of the year. Notably, the report highlights a significant 50% surge in website traffic, resulting in a substantial 10 million monthly visitors. According to the exchange’s proof-of-reserve data, there has been a substantial influx of funds, with users’ holdings in Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) increasing by 73%, 80%, and 153%, respectively. This translates to a total capital inflow of approximately $700 million. Furthermore, the platform has seen an influx of new users, with 2.9 million…
The US Consumer Price Index (CPI) inflation numbers coming below expectations today can boost liquidity for both equity and crypto markets, according to Jag Kooner, Head of Derivatives at Bitfinex. Yet, the concerns about Bitcoin (BTC) supply waiting to be dumped in the market could still keep investors at bay. The CPI came at 3%, below the expectations of 3.1%, while the Core CPI, which excludes food and energy, also fell below the 3.4% expectations. Kooner highlights that this signals a more significant slowdown in inflation since it is the third consecutive monthly reduction. “This could reinforce the market’s expectation…
Ether rose past $3,000 during European trading hours. Discounts in the Grayscale Ethereum Trust and the Coinbase indicator have evaporated. Price charts show seller exhaustion near the long-held support at $2,800. After falling nearly 20% in the four weeks to July 5, the ether (ETH) market finally shows signs of seller exhaustion and a potential bullish turnaround. Early Monday, the native token of the Ethereum blockchain rose over 4% to $3,050, bouncing off crucial support, according to CoinDesk data. The recovery, coupled with other indicators gauging demand and investment sentiment, suggests the cryptocurrency may have bottomed out ahead of the…
Popular cryptocurrency trader and analyst Ali Martinez has published data which shows that whales have transferred an astonishing amount of popular meme coin SHIB to crypto trading platforms. Whales move trillions of SHIB to sell According to the chart shared by the analyst, between May 14 and May 29, the overall supply of Shiba Inu on cryptocurrency exchanges increased from approximately 144 trillion to more than 147.5 trillion coins. #ShibaInu | Over 4 trillion $SHIB have been sent to #crypto exchanges in the last two weeks, worth around $103 million! pic.twitter.com/dqVGW3LzuA — Ali (@ali_charts) May 31, 2024 This means that…
Jupiter Exchange, a Solana-based DEX aggregator, is lowering fees on its perpetual products in response to community feedback regarding high costs. Through an X post, Jupiter co-founder explained the rationale behind the fee reduction. Initially, the platform had a flat 0.1% fee for opening or closing a position. Last month, it introduced a 2-Tier fee structure to address concerns, setting the base fee at 0.07%. over the last few months, traders are complaining about high fees on our perpertuals product. we started with a flat 0.1% fee on opening/closing a position.last month, we broke down the fee into two components:–…
The Loyalty Business on the Fiat Standard I worked at Mastercard for the last ten years, in the San Francisco office, building card-linked offer solutions to drive merchant loyalty. It’s a fascinating business, where cardholders receive merchant offers delivered via their bank, providing them with a discount if they make a qualifying spend at participating merchants. Below is an example of a sample of these offers/deals from my personal Wells Fargo bank account. The offers drive new customer acquisition, reactivate lapsed customers and drive higher spend frequency and ‘basket size’ from existing customers. Overall, the marketing solution is very effective…
Interport Finance, a DeFi protocol offering fast cross-chain swaps and bridge solutions, has joined the Chainlink BUILD program. The project will leverage Chainlink‘s oracle services and technical support to bolster its ecosystem. Key areas of focus will include broader DeFi growth and cross-chain swaps adoption, the Interport Finance team announced on Thursday. “We’re excited to join Chainlink BUILD, which will give us advanced access to Chainlink’s industry-leading platform and help accelerate the growth of Interport Finance. By developing secure onchain financial solutions and aligning our dynamic community with the Chainlink ecosystem, we are helping to drive widespread adoption of blockchain…