Author: NBTC
The price of Bitcoin seems to be going through a difficult time: Bitcoin spot ETFs lost 287 million dollars in a single day and there has been a decrease in the number of active addresses. In all this, market operators seem to be standing still, observing the various factors, with the US presidential elections just around the corner. Bitcoin price in trouble: spot ETFs lose 287 million dollars in a single trading day Bitcoin price without direction: active addresses decrease due to uncertainty The short-term negative forecasts Bitcoin price in trouble: spot ETFs lose 287 million dollars in a single…
Some days ago, Ethereum (ETH) showed readiness to climb toward $3,000. But as last month neared its end, the momentum changed, leading the second most valuable cryptocurrency to drop below $2,600. Will ETH’s price recover? This is one thing that investors will want to know. In this on-chain analysis, BeInCrypto explains why the altcoin might soon reverse the trend. Ethereum Bearish Outlook Eases According to CryptoQuant, Ethereum’s price decrease caused a decline in the Taker Buy/Sell Ratio. This ratio is calculated as the buy volume divided by the sell volume in perpetual swap trades. When the value is above 1,…
The Solana (SOL) community is preparing for the annual event dubbed Breakpoint, which the Solana Foundation in Singapore has organized. Earlier today, the Solana team announced that the online tickets for September 19 to September 21 have already sold out. However, the Solana team highlighted that a few tickets may be available at the door. The Solana Breakpoint intends to bring forth innovative ideas from different leaders to enable the mainstream adoption of blockchain technology globally. This year’s Solana Breakpoint was sponsored by stablecoins issuer Circle, Wormhole, Santiment, Auros, Crypto.com, and meme coin project Bonk (BONK) among others. Another major…
Bitcoin (BTC) is currently trading below $60,000, starting the month on a downward trend. Despite this, experts suggest September could be a prime buying opportunity. Based on Bitcoin’s performance history, September is the worst-performing month, with a track record of less-than-desirable returns. Why Experts Say Buy Bitcoin in September Michael van de Poppe is among those predicting a potential bullish turn for Bitcoin. He believes that a quiet market often signals the final phase before a rally. “Dull market, which is usually the end stage before the party begins. Regarding price action on BTC: You’d need to get a breakout…
One ETH trader has caught the market’s attention in a world of high-risk and high-gain cryptocurrency trading. With an impressive track record of swing trading $ETH, this trader recently bought 7,483 Ethereum tokens, equivalent to about $18.8M. This move further strengthens his position as a top performer, bringing his total profits to $2.14 million since August. Consistent Wins in the Market As per the data on Lookonchain, the trader in question has achieved 100% accuracy in swing trading. From 12 August to 28 September, he made ten trades, each bringing him a profit. These well-timed buys and sells generated a…
EMURGO partners with Zilliqa to enhance blockchain interoperability, liquidity, and governance, leveraging Cardano’s Web3 technologies. EMURGO, a blockchain technology company known for its role in driving the adoption of Cardano, has announced a significant partnership with Zilliqa Group. Zilliqa, a Web3 and metaverse venture builder, specializes in supporting luxury and entertainment sectors using advanced Web3 technologies, including its own Zilliqa blockchain. Focus on Interoperability and Liquidity This collaboration between EMURGO and Zilliqa Group goes beyond improving network interoperability. Both companies have emphasized enhancing the security of their networks by developing more robust, compatible liquidity channels. The aim is to enable…
Bullish sentiment has intensified in Ethereum futures, with positive funding rates pointing to optimism in ETH’s price potential. The funding rate metric in futures markets reflects buyer aggression, where positive values indicate bullish sentiment and negative values suggest bearishness. Recently, ETH funding rates turned positive, showing a shift toward optimism. Although the rates have yet to reach levels seen during previous strong rallies, the trend suggests increasing confidence in Ethereum’s potential for a rally. Source: CryptoQuant For Ethereum to overcome significant resistance levels, funding rates need to climb higher. Rising rates would indicate stronger buying interest from futures traders, adding…
The popular meme-inspired cryptocurrency Shiba Inu (SHIB) has been popping behind the scenes lately, with the volume of large transactions nearly tripling over the past 24 hours, according to data from IntoTheBlock. As such, the key metric that reflects whale activity skyrocketed by 287%, with SHIB hitting a major milestone of 1.1 trillion tokens moved over the past day. In dollar terms, this surge represented an increase from $5.3 million to $14.55 million. In total, there were 49 large transactions of at least $100,000 each. Calculating the average, it turns out that a single whale moved about 22.45 billion SHIB,…
Decentralized startup Instruxi has launched a new Mesh ID solution. The protocol has linked up with Chainlink to boost the Mesh ID connection. Instruxi, an innovative decentralized data management platform, has unveiled the Mesh ID as its latest Web3 solution. This pioneering solution streamlines access to tokenized Real-World Assets (RWAs) for over 22 million US residents, ushering in a new era of efficiency and privacy. Instruxi Partners with Chainlink, CLEAR, and Space and Time As revealed in a press release, Instruxi launched the new solution in partnership with top industry leaders, including Chainlink, CLEAR, and Space and Time. The Instruxi…
The illiquid bitcoin has risen to a record high of 74% of the circulating supply. The level reflects the increasing scarcity of BTC in the market and a potential bullish impact on its price. Almost three-quarters of bitcoin produced is considered illiquid, a record level that suggests increasing scarcity of the cryptocurrency in the market and a potential bullish impact on its price. Data tracked by ETC Group and Glassnode shows that illiquid entities now own 14.61 million BTC, worth over $826 million at current prices, equating to 74% of the cryptocurrency’s total circulating supply of 19.75 million. “Bitcoin’s illiquid…