Author: NBTC
Bitcoin is experiencing a short-term price decline. In the past 24 hours, the asset has fallen by approximately 9.3% to a trading value of $105,062. This pullback places Bitcoin roughly 8% below its all-time high recorded last month. The dip comes amid broader market volatility, but on-chain indicators and exchange data suggest deeper structural trends that may influence the next phase of Bitcoin’s price trajectory. Recent market analysis points to renewed accumulation among long-term holders, a spike in exchange withdrawals, and rising spot trading activity on Binance. These developments are being interpreted as signals of underlying strength despite recent price…
Ethereum has amassed $425 million in capital from SharpLink Gaming’s treasury allocation. The largest altcoin has attracted large volumes of institutional capital inflows to ETFs in the past week. Whales and institutions have attempted to reinstate confidence among traders, however the process has proven painfully slow. We dive deeper and find out why traders are not buying Ethereum’s (ETH) new narrative and what it will take for ETH to break out of the consolidation and hit a new all-time high this cycle. Table of Contents Ethereum ETF flows and whale accumulation In Ethereum they trust- Trump Media’s dual Bitcoin and…
FED Board Member Austan Goolsbee made important assessments regarding the economic outlook and the effects of trade policies on inflation. Goolsbee said that attention should be paid to the moderate course of economic data during the transition period. Goolsbee, while evaluating the effects of the customs duties that have recently come back to the agenda, stated that these policies are “no different from oil shocks with a stagflationary effect.” However, he added that this effect is weaker compared to the past. He stated that lower customs duty rates and exemptions limit the reflection of customs duties on the economy. Goolsbee…
The NYSE and SEC are actively discussing fast-tracked integration of tokenized assets, aiming to align crypto innovation with established market rules and regulatory clarity. Behind the NYSE-SEC Crypto Talks: Tokenized Assets May Hit Trading Floors Fast The U.S. Securities and Exchange Commission’s (SEC) Crypto Task Force met with representatives from the New York Stock Exchange (NYSE) on June 24 to evaluate how digital asset regulations could align with existing financial frameworks. A memo from the SEC Crypto Task Force noted: The topic discussed was approaches to addressing issues related to regulation of crypto assets. Discussions focused on mitigating regulatory fragmentation…
Mounting evidence is fueling bitcoiners’ belief that Elon Musk could be turning full-blown maximalist, as his moves increasingly align with BTC’s hard-money ethos. Bitcoin Narrative Strengthens: Elon Musk Backs Brian Armstrong in Warning on US Dollar Decline Tesla and Spacex chief executive Elon Musk gave fresh weight to speculation about a pro-bitcoin shift through two new signals this week: his public remarks on U.S. debt and his interaction with Coinbase CEO Brian Armstrong, who warned that bitcoin could replace the U.S. dollar as the global reserve currency. Musk cautioned on social media platform X on Wednesday that interest payments now…
Ethereum price has remained range-bound, rising above the $2,400 support and falling below the $2,800 barrier. Ethereum price long-term analysis: bullish Since May 30, as reported by Coinidol.com, both bears and bulls have been actively trying to keep the price above the 21-day SMA support. Today, the bears had the upper hand as they broke below the 21-day SMA support. However, on June 13, the bears failed to break above the 50-day SMA and broke below the 21-day SMA. However, the bulls bought the losses and Ether rallied. The buyers are protecting the $2,400 support and trying to keep the…
The Central Bank of Brazil is now focusing on updating and redefining the accounting rules for digital assets held by companies. A new regulatory draft outlines the rules for assets issued by the same company, received, or held in custody, and it will be subject to public consultation. Central Bank of Brazil to Hold Consultation on Digital Assets Accounting Practices As more institutions start holding digital assets, governments around the world are redefining the way that these assets are accounted for. The Central Bank of Brazil is ready to issue a public consultation on a regulatory draft that updates the…
NeoDashboard has announced War on Bugs, a new single-player strategy game that blends procedurally generated maze exploration, card-based combat, and a robust character progression system. The team notes that the game is live on Neo N3 TestNet at a “largely feature-complete stage” and all are invited to test it out. Source: NeoDashboard In War on Bugs, players choose one of four characters — Professor Dashboard, Snakey, Dashbored, or Da — each offering unique playstyles and base skills. Professor Dashboard is balanced and adaptable, Snakey excels in stealth and critical strikes, Dashboard favors brute force, and Da offers control and resource-focused…
A fresh Hash Ribbons buy signal has flashed for Bitcoin, a historically reliable indicator that miner capitulation may pave the way for a bullish reversal. The signal, highlighted in a June 5 analysis by CryptoQuant contributor Darkfost, shows a crossover in Bitcoin’s (BTC) 30-day and 60-day hashrate moving averages. This pattern has historically preceded major price recoveries and is often triggered when weaker miners capitulate during periods of unprofitability. “Mining becomes unprofitable for certain miners, and they are forced to sell BTC in order to stay operational,” Darkfost explained. This may lead to short-term selling pressure, but it often prepares…
Ethereum whales acquired almost 1 million ETH on a single day, which was the largest one-day aggregation since 2018. Exchange reserves remain at multi-year lows, with staking and long-term holding rising. A surge above $2,700 might signal a surge towards $4,000; however, rejection could give rise to a revisit of the 2,000 level. On-chain data shows that Ethereum whales took out almost 1 million ETH on a day, the largest daily acquisition since 2018. This massive spike is preceded by a tendency towards increased confidence among investors despite all the current uncertainty in the market. Whales bought nearly 1,000,000 $ETH…