Author: NBTC
Ethereum’s price has crashed more than 53% from its 2024 high, wiping out $255 billion in market value as its market cap fell from $482 billion to $227 billion. Ethereum (ETH) has dropped as concerns about the network continued. On Monday, analysts at Standard Chartered lowered their ETH price target from $10,000 to $4,000, citing the structural decline of the network. Many Ethereum investors have suffered losses during the ongoing crash. According to Santiment data, the percentage of total Ethereum supply in profit has dropped to 47.6% — its lowest level since October 2023. The network’s realized loss has also…
Shibburn blockchain tracker, which publishes daily and weekly changes in the SHIB burn rate, has shared that over the past seven days the SHIB community has managed to remove an impressive SHIB batch from the market — several tens of millions of meme coins. In the meantime, during the past few days, SHIB managed to peak, registering substantial price growth but then letting it drop, still ending this week 6% higher than when it only started. 58.3 million SHIB coins burned According to a recently published tweet, over the past week, the SHIB community has managed to destroy 58,303,050 Shiba…
Martins Benkitis, co-founder and CEO of market maker Gravity Team, believes that any digital asset stockpile, as suggested by an executive order from U.S. President Donald Trump, should start with Bitcoin as its foundation. Altcoins in U.S. Digital Asset Stockpile Carry Risks While an executive order signed by U.S. President Donald Trump is somewhat vague on the creation of a national digital asset stockpile, Martins Benkitis, co-founder and CEO of market maker Gravity Team, is clear about what should be the key asset in that stockpile. According to Benkitis, any digital asset stockpile “should begin with Bitcoin as the foundation.”…
Ethereum has undergone a big transformation in the last four years, starting as a network capable of handling just 15 transactions per second, and evolving to a powerhouse processing thousands, with transaction costs decreasing from $50 per swap to mere cents. L2s and rollups have helped scale Ethereum without compromising its decentralized ethos. But this success has led to a new problem, one of fragmentation. Today, Ethereum is one of the most widely adopted blockchains, consisting of a network of over 50 L2s, each operating as its own siloed ecosystem. What this means for end-users is having to juggle multiple…
As Dogecoin makes a comeback off the back of Bitcoin’s surge, some may be pondering: Where did the asset come from? What’s it for? And what’s Tesla CEO Elon Musk got to do with it? The original meme coin’s boom largely has the world’s richest man to thank. Musk’s obsession with shitposting helped boost the coin to a top 10 cryptocurrency. It’s been a wacky ride over the past few years, culminating in Musk’s appointment to lead a government agency called DOGE—yes, really. But we’ll explain it all. 2018: What the DOGE? Dogecoin is the biggest and oldest meme coin…
In the wake of U.S. President Donald Trump’s establishment of a Strategic Bitcoin Reserve (SBR), speculation has emerged regarding potential Department of Defense (DoD) initiatives to engage in cryptocurrency mining. Is the DoD Entering the Bitcoin Mining Arena? An X Post Sparks the Discussion On March 17, Michelle Weekley, an executive at cryptocurrency enterprise Byte Federal, ignited a provocative dialogue regarding the U.S. Department of Defense’s potential exploration of bitcoin ( BTC) mining. On Monday Weekley declared, “I think the DoD is going to start mining bitcoin,” accompanying her hypothesis with a series of mysterious and vague visuals. Weekley’s X…
Luke Xie, co-founder and CEO of Satlayer, emphasizes the importance of highlighting bitcoin’s other use cases, particularly with the introduction of Taproot. The ETF and Trump Effect on Bitcoin The increased public interest in bitcoin, sparked by rumors in Q3 2023 that investment giant Blackrock contemplated launching a bitcoin exchange-traded fund (ETF), persisted throughout 2024. During this time, bitcoin’s performance versus other assets in U.S. dollars was phenomenal, further fueling interest. Although founded on groundbreaking software, bitcoin’s growing popularity seemingly revolves around its U.S. dollar price rather than the underlying technology’s capabilities. The emergence of bitcoin and cryptocurrency as a…
Ethereum (ETH) has been struggling, down nearly 30% over the past 30 days as bearish sentiment continues to weigh on the asset. Over the last week, ETH has remained stuck below the $2,000 mark, unable to regain key resistance levels. While some indicators, like BBTrend, are showing early signs of stabilization, whale activity points to cautious behavior among large investors. As Ethereum trades near critical support zones, the market is watching closely to see if the downtrend will deepen or if bulls can stage a meaningful recovery. BBTrend Is Now Positive After 6 Days, But Still At Modest Levels Ethereum’s…
Wrapped AVAX (WAVAX) has seen a surge in wallet accumulation on the Avalanche blockchain, even as its price dropped more than 4% over the past 24 hours, data from TheTie shows. A total of 3,898 wallets added to their WAVAX holdings today—nearly twice the recent average of 1,600, the data shows. A wrapped token is a token that represents a cryptocurrency from another blockchain or token standard and is worth the same as the original cryptocurrency. The wrapped token can be used on certain non-native blockchains for trading, lending and borrowing on DeFi platforms and later redeemed for the original…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. United States President Donald Trump signed an executive order to create a sovereign wealth fund. While the media speculates whether the US government will invest in crypto, let’s take a broader look at the past and the potential future of Bitcoin (BTC). You might also like: The focus is on strengthening US leadership in crypto tech | Opinion What formed Bitcoin’s trends? Over the last 17 years, Bitcoin’s price climbed from $0 to a historic high of…