Author: NBTC
Bitcoin, the largest cryptocurrency by market capitalization, has recently reached a one-month low, as this year’s record-breaking rise shows indications of exhaustion in the lack of new market drivers. Amid this downturn, Michael Saylor, the cofounder and chairman of MicroStrategy and a well-known Bitcoin advocate, responded with his signature blend of optimism and humor. During Friday’s trading session, the Bitcoin price fell to more than a one-month low of $63,300, the lowest level since May 15. The fall coincides with outflows from Bitcoin exchange-traded funds (ETFs) and fading prospects of interest rate cuts in the United States. On June 21,…
Mickle, a U.S.-based wealth advisor, has suggested that a 1,000X price surge for XRP could be on the horizon, urging market participants not to miss out. The analyst expressed this view in a recent post on X in which he explored XRP’s historical pattern. Specifically, Mickle recalled when XRP traded largely below $0.01, characterized by sideways movements and low volumes. This occurred between early 2014 and 2017 when XRP mostly traded with two leading zeros. Mickle noted that during this period of stagnant performance, many were writing off XRP as “dead,” “going away,” or a “failure,” as other digital assets…
In July, Binance emerged as the most searched cryptocurrency exchange, reflecting its significant influence in the digital asset market. Investors gravitated towards blue-chip tokens, meme coins, and platform-based tokens. Despite the high search volume, the most searched tokens did not always match the most traded ones. Meme tokens like DogWifHat (WIF) particularly stood out, experiencing substantial growth with a 27.6% daily increase. Contents hide 1 Binance Recorded 68 Million Visits 2 How Did Meme Tokens Perform? 3 Critical Observations Binance Recorded 68 Million Visits Renowned for its activity, Binance attracted 68 million visits in July, overshadowing competitors such as Coinbase…
Franklin Templeton, a $1.5 trillion asset manager, has made its OnChain U.S. Government Money Market Fund (FOBXX) available on Ethereum via layer-2 blockchain Arbitrum, the company said Thursday. This is the third blockchain where the fund’s shares can be traded. Previously, the fund was tokenized on Stellar and Polygon, another layer-2 network of Ethereum. “The Stellar network is the Franklin OnChain U.S Government Money Fund’s official record of share ownership,” a spokesperson for Franklin Templeton told CoinDesk. “The Fund may also use the Polygon and Arbitrum networks for certain accounts upon request and subject to eligibility. Arbitrum will initially be…
The market is currently experiencing its least bullish sentiment since September 2023. This decline in bullish sentiment is reflected in the market value to realized value (MVRV) ratios of major cryptocurrencies. The #Bitcoin market is the least bullish since September 2023. pic.twitter.com/xfBPhp544R — Julio Moreno (@jjcmoreno) June 21, 2024 Notably, Ethereum’s ($ETH) MVRV ratio is rising faster than Bitcoin’s ($BTC) MVRV ratio. This suggests that Ethereum’s market is heating up, gaining momentum compared to Bitcoin. Historical Trends and Altcoin Movements Historically, when surges, other altcoins tend to follow. This pattern indicates potential upcoming bullish movements for various altcoins if Ethereum…
Ethereum price started a recovery wave above the $2,350 resistance zone. ETH could gain bullish momentum if it clears the $2,680 resistance zone. Ethereum started a recovery wave above the $2,350 and $2,420 levels. The price is trading below $2,640 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $2,680 resistance zone. Ethereum Price Aims Higher Ground Ethereum price started a recovery wave after a nasty spike below the $2,000 level. ETH…
An EtherFi whale dumped 88K tokens onto the Binance platform in the last 4 hours. The token recorded a 6.51% decline in daily trading volume according to CMC data. The Ethereum-related token, EtherFi (ETHFI) showed notable price drops in the last 24 hours. While the token did take a hit from the recent market crash, this week witnessed a swift price recovery. However, on Friday, the token showed price declines after a particular wallet dumped 880 tokens worth $1.87 million onto the Binance platform. The wallet identified as “0x57C” dumped the ETHFI tokens in the Asian morning hours of Friday.…
Following the SEC victory, the XRP price saw a huge increase. This increase is not limited to price alone, but also affects liquidity. At this point, XRP is experiencing a significant moment not only in terms of price growth but also in terms of increased liquidity on US exchanges. The increase in liquidity on US exchanges is seen as a positive development for XRP whales who want to trade large amounts at stable prices in the US. In other words, with the increase in liquidity on exchanges, altcoin whales can buy and sell at stable XRP prices. According to CCData,…
Power Browser has announced an exciting new partnership with Star Protocol. It is a significant step forward in the world of blockchain technology. This collaboration aims to integrate advanced domain services across multiple blockchains. In addition to this, this collaboration will bring new capabilities to Power Browser users. 🔥 𝐏𝐨𝐰𝐞𝐫 𝐁𝐫𝐨𝐰𝐬𝐞𝐫 𝐗 𝐒𝐭𝐚𝐫 𝐏𝐫𝐨𝐭𝐨𝐜𝐨𝐥 🔥Exciting announcement! Power Browser has entered into a #partnership with @StarProtocol_HQ⚡️👉 𝐒𝐭𝐚𝐫 𝐏𝐫𝐨𝐭𝐨𝐜𝐨𝐥 is the world’s first all-chain domain service, enabling seamless domain transfers and… pic.twitter.com/6W8vPI2qBg — Power Browser | Power Points is live 💰 (@PowerBrowser) August 8, 2024 Star Protocol Becomes World’s First All-Chain Domain…
Bitcoin (BTC) retail on-chain accounts are demonstrating interest in buying the orange coin at current prices. The metric has been surging during the last few weeks and has already added 7%, which can be treated as positive signal, the analyst says. Bitcoin (BTC) retail investors’ demand surging as price tumbles Amid the prolonged decline of the Bitcoin (BTC) price, interest in buying from accounts with up to $10,000 is surging, says macro analyst Axel Adler. This metric, which is a crucial one for BTC price prediction, has already added 7% compared to the local bottom reached in May. As Bitcoin…