Author: NBTC
Bitcoin (BTC) and the broader crypto market await Wednesday’s FOMC (Federal Open Market Committee) meeting and the subsequent Jerome Powell press conference. The US Federal Reserve (Fed) will announce its latest interest rate decision on Wednesday. Crypto Market on Edge as Bitcoin Awaits FOMC Verdict According to data on the CME FedWatch Tool, market participants assign a 95.6% probability that the Fed will hold rates steady at 4.25% – 4.5%. With this, attention is now squarely focused on Fed Chair Jerome Powell’s tone and guidance at the Wednesday conference. Interest rate probabilities. Source: CME FedWatch Tool “…if the 3.5% [now…
Auradine Inc., a U.S.-based Bitcoin miner manufacturer, today announced it is unveiling a broadened portfolio of mining products at the Bitcoin 2025 Conference in Las Vegas, featuring high-performance ASIC chips, specialized cooling systems, and fully integrated modular containers engineered for scalable, megawatt-class mining operations, according to a press release sent to Bitcoin Magazine. “Our goal is to democratize access to Bitcoin mining and enable innovative integrations,” said the CEO and Co-Founder of Auradine Rajiv Khemani. “Whether you’re running a megawatt container or building a small form-factor heater-miner for your home, we provide the chips, systems, and support to help you…
A recent Bitcoin analysis suggests that if the 4-year cycles have ended, Bitcoin’s next 20 years may mirror Amazon’s long-term growth trajectory. A historical chart tracking Amazon’s stock price from 2002 to 2025 has emerged in current financial discussions, presenting a new avenue through which Bitcoin’s future can be evaluated. Notably, the chart highlights Amazon’s consistent long-term growth amid early skepticism about its profitability. If the 4 year cycles are really over, don’t be surprised if the next 20 years of Bitcoin goes something like this. pic.twitter.com/bORA26doSp — Bitcoin Archive (@BTC_Archive) May 5, 2025 The pattern now serves as a…
Chainlink Runtime Environment (CRE) facilitates seamless integration between institutional systems and blockchain protocols, driving blockchain adoption. Chainlink announced a collaboration with Kinexys and Ondo Finance, enabling stabilized U.S. government debt (OUSG) to trade directly on the blockchain. At Consensus 2025 in Toronto, Chainlink discussed a set of new-generation tools they believe will be important when we start using more blockchain technology in finance. Known as the Chainlink Runtime Environment (CRE), the system is designed to make it easier for developers to use blockchain in their projects. CRE provides developers with more tools to work with and helps businesses build out…
Riot Platforms tapped on its Bitcoin holdings to secure and upsize the credit facility. Bitcoin mining in the United States has helped secure the network amid mainstream adoption by institutional investors. Riot Platforms, Inc. (NASDAQ: RIOT), an established Bitcoin (BTC) miner based in the United States, announced that it has upsized its existing $100 million credit facility with Coinbase Credit to $200 million. Riot Platforms secured the credit facility through a portion of its Bitcoin holding, which will be held as collateral by Coinbase Credit. The Bitcoin miner intends to use the funds to enable key strategic initiatives, which might…
Bitcoin (BTC) rose above $97,000 last week, but fell to $94,000 after being rejected from the $98,000 resistance. Analysts reported that the decline in BTC was due to macroeconomic uncertainty and the FED’s announcement of its interest rate decision for May. While analysts warn that the price could drop further in the short term, one analyst has identified key support levels for BTC at $92,500 and $89,000. Speaking to Coindesk, FxPro analyst Alex Kuptsikevich noted that the market has returned to a key resistance zone that served as support from December to February, with the next downside targets being $92,500…
Joao Wedson, CEO of cryptocurrency analysis company Alphractal, made remarkable evaluations about the altcoin market in his statement. Wedson stated that there was a significant outflow of tokens from the Binance exchange, and that this was a strong accumulation signal. “Altcoins are exiting Binance heavily, a clear sign of accumulation. Many people are talking about the long-awaited altcoin season. An interesting way to identify potential altcoins is to follow the “Binance Net Flow Chart”. This indicator shows the balance of tokens entering and exiting Binance. On the map, green represents entries, and red represents exits,” Wedson said in his statement.…
Bitcoin (BTC) options market flows signal moderate risk aversion ahead of Federal Reserve (Fed) Chair Jerome Powell’s expected remarks on a potential June rate cut Wednesday. “While the Federal Reserve is widely expected to hold rates steady at this week’s meeting, we have only seen some nuanced demand for protective BTC puts, reflecting limited caution among sophisticated traders,” leading crypto options exchange Deribit’s CEO Luuk Strijers told CoinDesk. A put option gives the purchaser the right but not the obligation to sell the underlying asset at a predetermined price on or before a specific date. Think of it as an…
Stablecoins, like Tether USD Coin, continued their strong growth this week, with their market capitalization hitting a record of $243.8 billion. These coins have added over $38 billion in assets since they started the year with $240 billion. Tether (USDT) boasts a market cap jumping to over $151 billion, giving it a dominance of 62%. It is followed by USD Coin (USDC), which has $60.4 billion in assets, and Ethena USDe (USDe) with almost $5 billion. The recently launched USD1 by President Donald Trump’s World Liberty Financial has gained over $2.1 billion in assets. Most of these funds are likely…
A closely followed crypto analyst says that Bitcoin may have one last breakout rally before altcoins start to outperform BTC. The pseudonymous analyst known as Rekt Capital tells his 546,300 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may soon peak, opening the doors for altcoins to ignite explosive moves to the upside. BTC.D calculates how much of the crypto market cap belongs to BTC. A peaking Bitcoin dominance chart suggests that altcoins are close to outshining BTC. “Bitcoin dominance has one final leg left in its macro uptrend on the road to 71% (red).…