Author: NBTC

Analyst Exy says the gold upsurge shows the vertical breakout Bitcoin has yet to deliver, calling it the chart BTC never had. Bitcoin (BTC) posted a notable recovery on Monday, reclaiming levels above $87,000 as market momentum shifted upward following early April’s pullback. According to market data, the leading crypto reversed much of its recent downturn after forming a technical double-bottom pattern around the $74,000 to $75,000 range on April 7 and 9. Since then, prices have steadily climbed, showing a 3.6% 24-hour gain and extending to a 3.5% rise over 7 days. Data from the past 14 days also…

Shiba Inu (SHIB) holders have something to cheer about as the meme coin is exhibiting bullish potential, as it has registered an uptick in the past 24 hours. This development has helped SHIB flip two other assets to claim 16th place in terms of ranking by market capitalization. Shiba Inu reclaims ground despite rival gains According to CoinMarketCap data, SHIB climbed by 3.09% to $0.00001255 in the last 24 hours, bringing its market cap to $7.39 billion. Within the same time frame, Hedera (HBAR) surged by 5.23% to $0.1694, placing its market cap at $7.15 billion. Similarly, Sui (SUI) trades…

Despite its growing footprint as a major corporate holder of bitcoin (BTC), Strategy’s large-scale purchases of the cryptocurrency appear to have little, if any, influence on its price, according to a research paper by TD Cowen. The findings published Monday challenge a popular theory among skeptics — that Strategy’s aggressive buying spree is helping prop up bitcoin’s value, and that without its continued demand, prices would falter. But based on the data, that argument doesn’t hold much weight, the analysts said. A Big Buyer, But a Small Slice of the Market Strategy recently issued another 1.8 million shares under its…

Ethereum is nearing key resistance at $1,675, and a bullish breakout could push prices toward $1,750 amid ongoing whale accumulation. As Bitcoin crosses the $87,000 mark, Ethereum is steadily gaining momentum. Over the past 24 hours, Ethereum’s market price has surged by nearly 3.5%, reaching $1,647. With this recovery rally, Ethereum is approaching the $1,675 supply zone. Will this drive ETH prices beyond $1,750? Ethereum Targets $1,650 Breakout In the 4-hour price chart, the Ethereum price trend showcases a bullish breakout of a long-standing resistance trendline. Furthermore, the recent recovery run marks a positive cycle within a consolidation range. The…

Omni Foundation has launched a $10 million incentive program aimed at powering the next adoption of crypto. In an announcement, the Omni Foundation said its $10 million rewards program, which goes live with support for Symbiotic, will power the future of crypto user experience and growth. The Omni Network team is taking this step via SolverNet, its cross-chain applications and user experience solution. The incentive program comes a week after Omni Foundation launched its “Hello, New World” campaign amid its integration with Symbiotic, a restaking protocol currently with over $1 billion in total value locked. Omni will use the campaign…

Bitcoin open interest rises by $3.1B in 24 hours, signaling increased leverage as the crypto asset surges to intra-month highs. Bitcoin (BTC) has observed a notable price surge in recent hours, climbing to over $87,600 after hovering around $84,500 for the past day. This marks the highest price since April 2 and signals a return of upward momentum in the market. At the time of reporting, Bitcoin stands at $87,681, reflecting a 3.63% increase in the last 24 hours and a 3.65% gain over the past seven days. The surge coincides with a significant uptick in open interest and derivatives…

Whale accumulation is officially underway, and Ethereum is displaying encouraging signs of recovery, which are confirmed by on-chain activity. A significant whale has taken out 3,844 ETH in total over the last two weeks (approximately $6.51 million) from Bitget, a centralized exchange. The most recent withdrawal was 1,897 ETH, or about $3 million, 10 hours ago. These significant fluctuations imply that powerful investors are lining up for a possible Ethereum rally. From a technical perspective, Ethereum is now trading above $1,700, indicating a robust daily gain of almost 4%. Recently the asset exited a short-term bullish pennant, which is a…

Over $235 million worth of tokens are set to hit the crypto market between April 21 and April 28. According to data by Tokenomist, the upcoming unlocks include both cliff-style and linear events. VENOM and ALT will lead the cliff-style unlocks with combined values exceeding $15 million, while Solana tops the linear unlocks with 465,770 SOL worth $66.03 million entering circulation. VENOM leads large token cliff unlocks Two major tokens are scheduled for cliff-style unlocks between April 21 and April 28. VENOM leads these unlocks with 59.26 million tokens set to be released, valued at approximately $8.25 million. This release…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Reading back the official transcript of a secret five-hour meeting between Julian Assange and then-Google CEO Eric Schmidt — released 12 years ago this week — gives an equally eerie feeling. Along with veteran global affairs fixer Jared Cohen, who was head of internal think tank Google Ideas (now Jigsaw), Schmidt was co-writing a book, The New Digital Age, about the intersection of US global power and social media. It was set in the backdrop of the so-called “Twitter revolutions” of the Arab Spring in the…

We are never shy about holding ETH to account as crypto’s second largest asset and the DeFi intuition gateway for traditional investors. But mainstream adoption requires a growth story, and so far this year ETH is (put kindly) failing to lead. ETH sits in 16th place in the CoinDesk 20 YTD performance leaderboard, down 53%. Going back a year, the numbers look similar: 15th place and down 50%. Its market cap has dwindled so much relative to XRP that both are expected to be capped in the upcoming CoinDesk 20 reconstitution, a first. ETH versus the rest of the CoinDesk…