Author: NBTC

Bitcoin’s price has been dropping aggressively lately, pushing below a significant support level. If a recovery does not happen soon, things can get much worse for the crypto market. Technical Analysis By TradingRage The Daily Chart As the daily chart demonstrates, Bitcoin’s price has failed to hold above the significant $60K support level and has also broken below the 200-day moving average, located around $58K. This is an extremely worrying signal, as the 200-day moving average is known to hold the price during Bitcoin bull markets. Therefore, if the $57K support level fails to prevent a further decline and the…

Following the SEC greenlight to commence trading, nine Ethereum spot exchange-traded funds have recorded $112 million in volume in under 15 minutes of trading. On Monday, the U.S. SEC approved the registration statements of nine Ethereum spot ETFs, allowing the products to commence trading. The agency disclosed that S-1 applications of Ethereum ETF seekers became effective on July 22. Notably, the effectiveness applies to Invesco & Galaxy, Fidelity, 21Shares, Franklin, BlackRock, Grayscale, Bitwise, VanEck, and Grayscale Mini ETF filings. Ethereum Spot ETFs Permitted to Trade The SEC’s latest endorsement follows multiple rounds of amendments to issuers’ S-1 applications in recent…

Kaspa (KAS), a cryptocurrency leveraging a proof-of-work (PoW) protocol, is making waves in the crypto space with its impressive market performance and strategic protocol adaptations. Despite the prevailing dominance of proof-of-stake (PoS) tokens, Kaspa has managed to carve out a significant niche for itself by enhancing its blockchain to boost scalability and speed, aligning it more closely with the benefits typically associated with PoS systems. Kaspa’s remarkable price surge Currently trading at $0.177, Kaspa has demonstrated a robust market presence with a daily trading volume of $35.21 million. The token’s price has risen by 2.03% in the past 24 hours.…

President Joe Biden’s decision to step aside has created an opportunity for the Democratic Party to regain the crypto vote ahead of the November election, experts and observers said Sunday. Voices within the crypto community, including Jake Chervinsky and policy group CIFonX, argue the Democrats could capitalize on the moment by shifting their stance on crypto and blockchain policy. Biden announced Sunday his intention to drop out of the U.S. presidential race, attempting to sway voters back to the party following calls this year for him to bow out due to concerns over his age. While Biden will finish his…

Bitroot, a pioneering Bitcoin programmable asset issuance protocol, has recently announced a significant partnership with Ordi Launch. This collaboration is aimed at enhancing the Bitcoin ecosystem by integrating Ordi Launch’s Inscription Liquidity Layer, which supports BRC20 and Ethereum. Ordi Launch is dedicated to improving the liquidity and accessibility of inscriptions, thereby lowering the barriers to entry in the cryptocurrency market. 🌟 PARTNERSHIP ANNOUNCEMENT 🥂 We are delighted to announce our partnership with @OrdiLaunch 🥳👏📌Ordi Launch is an Inscription Liquidity Layer for BRC20 and Ethereum, aiming to enhance the liquidity of inscriptions and improve accessibility. Ordi Launch’s mission focuses… pic.twitter.com/Ug48Z7WU3a —…

LockDealNFT came out as the top-performing non-fungible token (NFT) collection on July 24, with a total sales volume of US$617,880, according to CryptoSlam data. LockDealNFT is a collection tied to Poolz Finance, a cross-chain launchpad platform. The NFT is available on multiple chains including Ethereum and Polygon. But its iteration on the BNB Chain was the one that CryptoSlam’s sales chart on Wednesday. The second-ranking collection for the day was Solana Monkey Business, which operates on the Solana blockchain. It recorded a daily sales volume of US$602,262 with 106 unique buyers and 108 sellers. This collection currently sits on the…

Spot Ethereum ETFs preceded by Bitcoin are finally opening for trading today. While analysts generally state that there will be a buy-the-rumor-sell phenomenon for Ethereum, they cite spot Bitcoin ETFs as an example. At this point, QCP Capital said that although the ETH ETF launch was long awaited, the market reaction was weak and ETFs did not affect the market and price. Stating that the reaction of the ETH price to the ETF launch was suppressed, analysts said that investors are waiting to see whether there will be a sell event in ETH ETFs, as in BTC. Comparing with BTC,…

Bitcoin and cryptocurrency markets have experienced a major collapse in the last 24 hours. While the Bitcoin price fell below $60,000, a total of $200 billion has been deleted from the cryptocurrency market since July 1. While this decline in Bitcoin also affects the altcoin market, especially Ethereum, ETH increased by 4.5% in the last 24 hours; Solana (SOL) 7.5%; Telegram-linked Toncoin (TON) 7.3%; BNB fell by 5.9% and Dogecoin (DOGE) by 7.6%. While the decline made investors nervous, 10x Research founder Markus Thielen predicted that Bitcoin would fall to $ 50,000 in his current analysis. Thielen expects Bitcoin to…

Following spot Bitcoin ETFs in the USA, spot Ethereum ETFs were finally opened for trading today. While Ethereum is ahead of Bitcoin, which has undergone a successful ETF process, it is estimated that there will be significant inflows into ETH ETFs, although not as much as BTC. At this point, while analysts think that ETFs will cause the ETH price to rise, if not at first, Matt Hougan, one of Bitwise managers, also stated that he thinks the Ethereum price will exceed $ 5,000 within a few months after the ETFs are opened for transactions. Matt Hougan made a new…

Arbitrum, a layer-two scaling solution for Ethereum, is experiencing substantial inflows. Recent data reveals that a multi-signature wallet associated with the Arbitrum network deposited $25 million worth of ARB tokens, equivalent to approximately $20.13 million, into Coinbase. This significant transfer has sparked speculation about its potential market implications. 7 hours ago, a multi-sig wallet (may belong to @arbitrum) deposited 25M $ARB (~$20.13M) to #Coinbase.Those tokens were transferred to 6 other wallets right after that.Address:https://t.co/Rw0MU21n2H pic.twitter.com/ZeQtobAz8u — The Data Nerd (@OnchainDataNerd) July 24, 2024 A closer look at the transaction details reveals that the 25 million ARB tokens deposited at Coinbase…