Author: NBTC
Cautious market sentiment and a broader pullback in crypto activity appear to be stalling bitcoin’s price over the past 24 hours. Trading Volume Slump Keeps Bitcoin Below $97K Threshold Bitcoin (BTC) is currently trading at $96,985.60, showing a slight 0.48% decline over the past 24 hours and a 3.37% drop over the past week. The asset has been trading within a 24-hour range of $96,673.21 to $98,492.90, struggling to gain momentum as market sentiment remains cautious. (BTC price / Trading View) Weaker Trading Volume and Market Cap Decline Bitcoin’s 24-hour trading volume fell 17.68% to $31.63 billion, indicating reduced market…
Cathie Wood said on Tuesday in Hong Kong that she expects Tesla shares to reach $2,600 by 2030, according to an interview she gave Bloomberg TV on Monday night. She made the projection during an interview and repeated it later at the HSBC Global Investment Summit, claiming the growth will come almost entirely from robo taxis, which she believes will drive 90% of Tesla’s future value. Cathie told Bloomberg that her firm, Ark Investment Management, hasn’t even added Tesla’s humanoid robot initiatives into the forecast yet. “We haven’t included that in the valuation,” she said, referring to the company’s work…
US President Donald Trump-backed World Liberty Financial has partnered with Ondo Finance (ONDO) to increase the adoption and tokenization of real-world assets. Ondo Finance announced the partnership in its official blog post and shared the details: “World Liberty Financial (WLFI) and Ondo Finance have announced a strategic collaboration to advance the adoption of tokenized real-world assets (RWAs) and bring traditional finance on-chain.” According to the statement, as part of the collaboration, WLFI will explore the integration of Ondo’s tokenized assets into the WLFI network as treasury reserve assets. “Our collaboration with Ondo Finance is an important step in aligning traditional…
In the past 24 hours, CryptoPunks have seen a flurry of buying activity as its floor price climbs to 42 ETH per NFT. According to data on its official site, the Yuga Labs-backed NFT collection has seen 19 sales of its unique pixelated avatar heads in the past 24 hours. The recent surge in CryptoPunks buyer activity has brought the number of transactions up by 18.75%, bringing the NFT collection to the second largest spot, according to data from CryptoSlam. So far, the top purchase in the past 24 hours is CryptoPunk #2301, showcasing an avatar with an eyepatch and…
China is making moves that could impact the entire cryptocurrency market. There are reports suggesting that the country is considering launching a strategic Bitcoin reserve and may soon lift its crypto ban. This has created buzz, especially for altcoins tied to Chinese blockchain projects, as they stand to benefit from the country’s growing interest in digital assets. Hashkey CEO recently said, “I think there is the possibility the mainland China government will reconsider their stance towards the crypto and Web3 industry.” China’s Shift Toward Crypto China’s push into cryptocurrency seems driven by its desire to compete with the U.S. and…
Layer-1 blockchain TON said it is linking up with interoperability protocol LayerZero to allow users to move funds between multiple ecosystems in a relationship that will generate increased usage and fees for both parties. TON will initially be connected to 12 blockchains including Ethereum, Tron and Solana. Users will be able to transfer stablecoins to TON using Stargate, the largest crypto bridge. Stargate handled $1.6 billion in volume over the past month, according to DefiLlama. Users will also benefit from LayerZero’s multichain liquidity, which allows funds locked in different blockchains to be pooled to reduce the chance of slippage —…
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR).Strategy (MSTR), the U.S. company that’s made buying bitcoin (BTC) a key corporate policy, recently expanded its financial toolkit with the introduction of a second Series A perpetual preferred stock, adding to its growing line of capital market instruments. The company is selling 8.5 million shares of the new offering, called Strife (STRF), at $85 each, giving it a net $711.2 million for bitcoin purchases. That’s up from an initial target of $500 million. The sale ends later Tuesday. Strategy’s earlier preferred issuance, Strike (STRK), initially raised $563 million.…
Prominent crypto wallet provider Trust Wallet has introduced support for the XRP Ledger network, which will allow users to transact with XRP and XRPL tokens through their wallets. In their announcement, the Trust Wallet team wrote: “This token support integration is a key milestone in bringing even more exciting features to the Trust Wallet ecosystem. By enabling XRPL token functionality, we’re laying the groundwork for deeper interoperability and expanded use cases within the XRPL network.” Despite legal disputes with the Securities and Exchange Commission (SEC), XRP has seen impressive growth over the past few years. According to Ripple Labs CEO…
Ki Young Ju, a prominent analyst and founder of CryptoQuant, has shared an on-chain insight into the trading activities of Bitcoin (BTC). In a post on X, Young Ju jokingly expressed how Bitcoin whales feel despite their market action over the past few years. Massive whale sell-off fails to suppress Bitcoin According to the analyst, Bitcoin whales have dumped $142 billion worth of BTC onto the market since 2023. For clarity, in 2023, Bitcoin’s price was around $20,000, and steady dumping action by these whales commenced from then. Since the price of BTC has climbed to about $97,000, traders have…
A new study on South Korea reveals a significant surge in domestic cryptocurrency ownership, with over 9.6 million investors by the end of last year. Older South Koreans Increasingly Keen on Crypto A recent study highlighting data from South Korea reveals a significant surge in domestic cryptocurrency ownership, with the number of investors exceeding 9.6 million by the end of last year. This represents a remarkable 52.6% increase compared to the previous year, underscoring a growing embrace of digital assets within the South Korean population. Notably, the study also indicates a substantial rise in ownership among older demographics, with one…