Author: NBTC

The world’s largest cryptocurrency exchange has listed 27 altcoins on Binance since the beginning of this year. However, a significant portion of these altcoins have experienced major declines since their listing, with only three of them currently trading in the green zone in terms of returns. Although the serious decline in the altcoin market also has an effect on the bearish outlook, it is noteworthy that after the initial sudden increases in the prices of these tokens after the listing, they still fell to the red zones. According to the data, among the altcoins listed since the beginning of this…

Cryptocurrency analytics firm Alphractal has issued a stark warning about Bitcoin’s long-term price action, saying the price is close to breaking a historical rule for the first time, approaching its four-year-old level. The Critical Level for Bitcoin Is Around $63,000 The model called “Bitcoin Price Radar” developed by Alphractal depicts four-year periods as a radar circle. In this model, halving periods, price peaks and bottoms are shown with symbols. Cycle peaks that come four years apart are represented by green symbols, and it is noteworthy that these peaks occur at very similar price levels. However, if Bitcoin approaches or drops…

Crypto traders are increasingly looking for self-custodial platforms that are easy to use. Glider wants to fill that niche. DeFi platforms are lagging behind their CEX counterparts, largely due to a lack of user-friendly features. For this reason, Andreessen Horowitz led a $4 million funding round for Glider, a self-custodial DeFi platform for crypto trading. The platform will combine AI features with DeFi. For one, it will use AI to help users manage their funds in an automated way, without having to perform every trade themselves. This could involve picking a few coins, picking trending tokens, or a basket of…

Spot Ethereum exchange-traded funds continued shedding assets as US recession risks rose and its price crashed. SoSoValue data shows that spot Ethereum (ETH) ETFs shed assets in the last seven consecutive weeks. They had net outflows of $82.4 million last week, bringing the cumulative inflows to $2.2 billion. All ETH ETFs now have just $5.25 billion in assets, with BlackRock’s ETHA and Grayscale’s ETHE leading with $1.85 billion each. Grayscale’s mini fund ETH follows with $711 million, while Fidelity’s FETH has $580 million. In contrast, spot Bitcoin ETFs are doing better, with their cumulative outflows at over $35 billion and…

One of the biggest Cardano (ADA) contributors known for his work in the ecosystem, Sebastien Guillemot, recently revealed a significant donation made by his development crew, dcSpark. The donation, worth $460,000 ADA tokens, represents a $400,000 loan, alongside $60,000 in accumulated interest. The developer stated that the donation process took longer than expected, primarily due to waiting for the official implementation of the treasury donation feature on the Cardano blockchain. To maintain fairness, interest was calculated month-by-month at a 6% APR over the entire holding period. What is amusing is that as Guillemot is a builder, and dcSpark are builders…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Coinbase brought bitcoin to Wall Street long before BlackRock and Fidelity. Four years ago today, Coinbase went public at a $86 billion valuation — a figure that briefly jumped to $100 billion to rival Facebook’s debut in 2012. And for all of the business savvy shown by CEO Brian Armstrong and his executive team, Coinbase’s story is one of harnessing Bitcoin’s natural inertia. On This Day — Coinbase goes public At the time of Coinbase’s public debut in April 2021, Armstrong had commented that the listing…

BitGo and Voltage have announced a new partnership aimed at transforming Bitcoin payments by integrating the Lightning Network into BitGo’s digital asset infrastructure, according to a press release sent to Bitcoin Magazine. The collaboration will allow exchanges, neobanks, payment providers, and fintech firms to execute instant Bitcoin and stablecoin transactions with greater efficiency and security. Lightning just struck institutional finance. Introducing the BitGo x @voltage_cloud integration — the fastest, most secure way to transact on Bitcoin’s Lightning Network.Say goodbye to high fees and no more waiting for transactions.Plug into BitGo and watch your bitcoin… pic.twitter.com/vz96g8iDGy — BitGo (@BitGo) April 8,…

Altcoin ETH retests 2018 highs as analyst shares new BTC strategy amid market shifts. The latest market moves has led one analyst to believe BTC will set a cycle top mid-2026. He expects BTC to hit a cycle top price of $300,000 this bull cycle. Ethereum and Bitcoin alongside several other popular and capable altcoins have been printing bullish signals and printing powerful patterns all hinting at major price pumps in the coming months. As ETH retests its 2018 highs, expectations for ETH price to finally breakout and go on to hit new ATHs grow stronger which also brings the…

On-chain data reveals most top cryptocurrencies experienced net negative fund flows over the past week, contrasting sharply with inflows seen in lower-cap tokens and stablecoins. Bitcoin led the outflows, while the stablecoin FDUSD surprisingly topped the inflow charts. What Did Last Week’s Crypto Fund Flows Show? Bitcoin saw a significant $165 million net outflow over the period, reflecting cautious sentiment toward the market leader. In stark contrast, stablecoin FDUSD recorded a net inflow of $170 million, leading all assets despite recent controversies surrounding its issuer. Data indicates lower-cap tokens NEO and OM also registered notable inflows. This divergence highlights selective…

According to data provided by CoinGlass, Binance users are overwhelmingly long XRP. An impressive 67.6% of accounts are on the long side of the trade. The long/ratio currently stands at 2.09. Notably, the same also applies to the exchange’s top traders who are in the top 20% of Binance’s users by margin balance. This is not the case for Bitcoin: the largest cryptocurrency is currently being shorted by nearly 55% of Binance accounts. Overall, however, a slight majority of traders (51.32%) are still betting against the Ripple-affiliated token, so the bullishness is limited to Binance and several other trading platforms…