Author: NBTC
Bitcoin’s (BTC) price could face a prolonged decline after failing to break above the $60,000 mark. This struggle to maintain a key resistance level has raised concerns among investors, who are now closely watching how far the downturn might extend. Currently, Bitcoin is trading at $57,862, marking a 6.85% drop over the past seven days. While some market participants might be hoping for a recovery, on-chain analysis suggests that another price decrease could be on the horizon. Bitcoin Market Condition Worsens One key on-chain indicator supporting the potential for further decline is Bitcoin’s Puell Multiple. This metric compares the daily…
Ethereum, Tron, and Solana are on the frontline in terms of TVL, although other blockchains have also left some impact. The DeFi space is growing slowly, and specific blockchains are starting to become market leaders. The TVL denotes the amount of capital invested in a blockchain’s DeFi solutions and thus reflects market confidence and participation. Ethereum: The DeFi Powerhouse Ethereum remains dominant, with the TVL at $48.045B, controlling 54.98% of the Defi market. Praised for its stability and the number of protocols supported ( currently 1,205), Ethereum remains the most popular choice for developers and users. However, the TVL dipped…
A recent analysis by CryptoQuant points to growing optimism among Ethereum traders, as reflected in positive funding rates in the futures market. Positive funding rates, a key metric that shows the balance of demand between buyers and sellers, suggest that market sentiment is bullish for Ethereum. According to analysts, Ethereum’s funding rate is currently showing a steady upward trend. Positive funding rates indicate that traders in the futures market are increasingly inclined to invest in Ethereum’s price appreciation, and that there is increasing confidence in ETH’s near-term potential. However, despite this renewed optimism, analysts believe that funding rates have yet…
Chainlink Labs and Fireblocks have joined forces to deliver a comprehensive technology solution for issuing and managing stablecoins, as announced by Chainlink on Tuesday. The integrated platform combines Fireblocks’ secure custody and management capabilities with Chainlink’s decentralized oracle network to provide a single, end-to-end solution for stablecoin issuers. “Chainlink and Fireblocks offer a powerful suite of technology services that, when combined, are poised to accelerate market growth for all forms of tokenized money, such as stablecoins,” Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, stated. According to Chainlink, its key features include secure issuance and custody…
Convenience store chain Sheetz now accepts crypto payments at all its locations — over 750 stores across multiple U.S. states — allowing customers to pay with cryptocurrencies and earn rewards. Sheetz Customers Gain a New Way to Pay — And Get Rewarded American convenience store chain Sheetz has expanded its partnership with crypto payment firm Flexa, enabling digital currency payments at more than 750 locations across the Mid-Atlantic region, the company announced on Thursday. The announcement states: Following the success of the initial rollout at select locations, this expanded partnership means that all 750+ Sheetz locations can now accept digital…
After a bearish start, Ethereum (ETH) has traded within a narrow range through October, facing resistance at $2,736 and finding support at $2,326. As the new trading month begins, analysts anticipate a potential rally — contingent on a key condition: ETH must break through its resistance level to confirm bullish momentum. Why Ethereum May Be Held Down In an exclusive interview with BeInCrypto, Victor Tan, founder and CEO of TrinityPad — a launchpad empowering investors to support early-stage companies — shared that Ethereum could test the $3,500 to $4,000 range by November. Tan attributed this anticipated growth to recent advancements…
Sui will soon integrate native USDC and CCTP, boosting its blockchain’s liquidity and cross-chain transaction capabilities. Sui Network, a layer-1 blockchain, is set to integrate native USD Coin (USDC) and the Cross-Chain Transfer Protocol in an effort to enhance its scalability and interoperability. In a press release on Sept. 17 shared with crypto.news, the Sui team said the integration will allow the network’s users and developers to leverage USDC for various digital dollar-backed financial products, including applications in decentralized finance, gaming, decentralized physical infrastructure networks, and e-commerce. “Sui will collaborate with ecosystem apps to transition liquidity from bridged USDC to…
9,500 kiosks now offer cash-to-crypto access as Coinstar expands with a new digital wallet, driving affordable remittances and financial inclusion nationwide. Coinstar’s 9,500 Kiosk Rollout Redefines Financial Access With New Digital Wallet Coinstar, a leader in self-service financial kiosks, announced Tuesday the launch of CINQ by Coinstar, a digital wallet developed in partnership with crypto infrastructure platform Zero Hash to bring cryptocurrency and stablecoin transaction capabilities to U.S. consumers. The announcement states: This collaboration allows up to 9,500 of Coinstar’s 17,000+ network of kiosks across the U.S. to facilitate cash-to-crypto transactions. “Through a partnership with Zero Hash, CINQ by Coinstar…
The 11 U.S.-listed spot ETFs saw $287.8 million worth of outflows on Tuesday, according to Farside Investors. BTC traded lower as weak U.S. manufacturing data revived growth concerns. The U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) had a rough day on Monday as growth concerns and a sell-off in Nvidia (NVDA) dented market sentiment. The 11 ETFs registered a cumulative net outflow of $287.8 million, the largest single-day tally since May 1, when the funds bled over $500 million, according to data tracked by Farside Investors. Fidelity’s FBTC led the outflows, registering $162.3 million in withdrawals. Grayscale’s GBTC registered an…
Technical analysis suggests the days of the Ethereum price consolidation might be over very soon. At the time of writing, Ethereum is trading with a 0.07% gain in the past 30 days, which reveals the current consolidation situation it finds itself under. However, according to a technical analysis on TradingView, the Ethereum price could be well on its way to reaching a new all-time high after 12 weeks of consolidation. Ethereum Price Completes Bottom Formation According to a technical analysis of the Ethereum price in the weekly candlestick timeframe, the cryptocurrency is currently in its 12th week of consolidation after…