Author: NBTC
At the beginning of the year, Bitcoin’s price was around $44,215.21. In late January, the market gained strong upward momentum, pushing the price to a yearly peak of $73,057 in mid-March. Since then, the market has been slowly declining, though in early June and late July, buyers made unsuccessful attempts to push the price higher. Now, the price stands at $56,045. On August 25, it was around $64,218. By August 28, it had slipped below the $60,000 mark. Currently, the Bitcoin market is struggling to break above this key level. Experts have shared something interesting about Bitcoin’s price action. Let’s…
The Shiba Inu ecosystem X handle calls attention to the launch of an NFT Bridge feature on the Layer-2 scaling solution, Shibarium. The team behind the Shiba Inu ecosystem announced the development yesterday, emphasizing that users can easily deposit and withdraw their NFTs. It quoted an earlier disclosure from Shibarium’s official X handle, shedding light on the recent upgrade. NFT bridge is now live on Shibarium! 🎉 Easily deposit and withdraw your NFTs. Check out our thread for a step-by-step guide. #Shibarium https://t.co/cIFvr2555l — Shib (@Shibtoken) October 28, 2024 Shibarium NFT Bridge Per the post, crypto users can now transfer…
One month ago, ethereum liquid staking derivatives (LSD) protocols collectively held 14.08 million ETH, crossing the 14 million milestone. Since then, these protocols have scooped up an additional 60,000 ETH. Ethereum’s Liquid Staking Surge Ethereum liquid staking has skyrocketed in popularity recently, with protocols now securing 11.74% of the total 120,401,221 ETH in circulation. For perspective, that’s 5.15 times more than the 2.28% of ETH managed by U.S. spot ether exchange-traded funds (ETFs). By late Sept., 30 liquid staking protocols reached the 14 million ETH threshold, and Bitcoin.com News at the time reported a combined total of 14.08 million ETH.…
Since the start of 2024, only 42 coins have managed to outperform Bitcoin (BTC) among the top 300 coins on CoinMarketCap. In a year where Bitcoin has maintained its dominance, a surprising number of tokens that have outperformed BTC belong to the Memecoin category, with 11 of the top 15 coins falling into this group. The data reveals that among the top performers, one memecoin, POPCAT (POPCAT), led the way with an impressive 7,552% gain. Other memecoins like MOG, NPC, and MAGA also saw significant year-to-date growth, with gains of 2,206%, 1,163%, and 1,129%, respectively. Also in the top 15…
Bitcoin price is testing the key support level at $56,000; a close below could see BTC’s downtrend persist. US spot Bitcoin ETFs registered outflows this week, totaling $536.1 million. Lookonchain data show that institutions and whales are selling their BTC holdings. On-chain data shows a bearish picture, with falling daily active addresses, long-to-short ratio below one, and decreasing Coinbase premium index. Bitcoin (BTC) price tests the key support level at $56,000 on Friday, consolidating over a 1% decline this week. If it drops below this support, a continued downtrend is likely for BTC, as suggested by substantial outflows from US…
In just the past week, more than $750 million worth of Ethereum has been withdrawn from major crypto exchanges. This trend often suggests that investors are opting for long-term holding rather than preparing to sell. According to CoinMarketCap data, the altcoin’s daily trading volume has also surged over 80%. Ethereum’s Exchange Reserves Keep Declining Data from CryptoQuant highlights a steep decline in Ethereum’s exchange reserves, which have dropped from over $42 billion to about $38.9 billion recently. This movement reflects more than $4 billion in ETH being pulled off exchanges. Read More: Ethereum (ETH) Price Prediction 2024/2025/2030 This reduced reserve…
The native token of a privacy-focused zero-knowledge layer-1 blockchain is on the rise after being listed on the top US crypto exchange by trading volume. Less than 24 hours ago, Coinbase listed Aleo (ALEO) under the experimental label. “Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” The experimental label indicates a high-volatility asset that is new to the platform. These assets typically have a low trading volume compared to more established cryptocurrencies. According to its website, Aleo’s protocol prioritizes privacy and scalability by leveraging zero-knowledge proofs to help ensure user privacy. Zero-knowledge proofs…
In a bold move to back Venezuela’s opposition, the Human Rights Foundation (HRF) has launched a Bitcoin fundraising campaign to support democratic efforts against the current regime. Announced on September 5, the campaign invites donations to help opposition leader María Corina Machado and other activists navigate the country’s political turmoil, highlighting the potential of cryptocurrencies in promoting human rights and resistance against authoritarian control. A Strategic move in times of crisis The Human Rights Foundation, a globally recognized non-profit advocating for human rights, has long been active in the cryptocurrency space. Known for offering scholarships and financial aid to foster…
Ethereum price started a fresh increase above the $2,550 resistance. ETH is following Bitcoin’s rally, but it is lacking the same strength. Ethereum started a decent increase above the $2,600 zone. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,630 and $2,650 resistance levels. Ethereum Price Starts Steady Increase Ethereum price formed a base above the $2,450 level and started a fresh increase like…
There exist lists of Airdrops such as Airdropbob and ICO Drops, which contain only the most genuine Airdrops as compared to the general list of Airdrops. Protocols based on Layer-2 like Starknet and zkSync are turning into centers of various inventive airdrop promotions. Such cross-chain platforms as LayerZero offer multiple and different ecosystem airdrop possibilities. In the era of cryptocurrency, the airdrop is one of the most common strategies for projects to distribute tokens and attract attention. With the constant evolution of the crypto market, people stay on the lookout for dependable sources to identify such potentially lucrative investments. The…