Author: NBTC

Bitcoin’s price has been consolidating for almost 3 months now after making a new all-time high around the $74K mark. Since then, the asset has failed to produce a new peak, but a new rally might begin soon. Technical Analysis By TradingRage The Daily Chart Bitcoin’s price action has been choppy on the daily timeframe, as the market has been consolidating inside a descending channel. Yet, the asset is currently testing the higher boundary of the channel and the $68K level. While it has not been successful in breaking to the upside, the momentum is still bullish, and such a…

Santiment analytics aggregator has released a report about Ethereum and to other notable altcoins – Shiba Inu and Chainlink. The data it shared shows that a positive move on the market has just happened for bullish traders of these three cryptocurrencies. Bullish SHIB, ETH and LINK sign revealed by Santiment The tweet published by the aforesaid data source earlier today shows that the supply of SHIB, LINK, and ETH held by whales on cryptocurrency exchanges has drastically shrunk since May 27. The top ten wallets on these networks have seen their holdings plunge – SHIB went down by 2.4%, LINK…

Bitcoin (BTC) again retraced from its current price range’s resistance back to $67,000 and now trading at $68,300. However, the leading cryptocurrency has been building strong momentum that could soon pay off with a possible range breakout. This 3-month price range, particularly, has built support at $60,000 and resistance at $72,000, with two deviations. The first deviation led to new highs at $73,805, upwards, while the second reached slightly above $56,500, downwards. Nevertheless, BTC has managed to keep trading above its 30-day exponential moving average (30-EMA) at $66,628 since May 15. The daily relative strength index (RSI) also marks a…

GMC surged 6,300% with a $310.3M market cap, driven by concentrated liquidity and high volatility. RMP mimics meme token success, up 46,400% with $215M cap, notable for rapid growth. BOOTY, inspired by Kim Kardashian, soared 23,400% with a $564.5M cap, attracting investor attention. On days when the crypto market consolidates and Bitcoin (BTC) climbs in response to positive US economic data, big altcoins typically surge. In these circumstances, astute traders shift their attention to the day’s greatest crypto gains and use tools like DEXScreener to identify major movers in the on-chain market. Here are three of them. Game Paint (GMC)…

Australia’s regulators are looking to include stablecoin legislation into its legislative bill for the digital assets sector. A representative of the Australian Securities and Investments Commission said they had held meetings with regulators like the SEC about their legal positions on crypto. Australia’s regulators have provided rare updates on their plans for the digital assets sector, including plans to introduce a draft framework for stablecoins and hinted that more enforcement is on its way against unlicensed entities during an event in Sydney on Wednesday. The event, Digital Assets: Anchoring the Digital Economy, was hosted by Blockchain Australia, the nation’s policy…

Founder and executive chairman of MicroStrategy giant Michael Saylor has addressed the crypto community to share that, this week, he is celebrating his personal Bitcoin anniversary. The Bitcoin evangelist tweeted that four years ago, in 2020, he bought his first stash of the world’s leading cryptocurrency. And you’re up big time https://t.co/ZLJvmTBfSZ — Daniel Sempere Pico (@BTCGandalf) May 31, 2024 Also, August of that year is known for MicroStrategy business intelligence giant’s first ever Bitcoin purchase. It was made with the spare cash of the company, and then the BTC was put on its balance sheet. Since then, the company…

The XRP community has witnessed yet another XRP glitch on leading crypto exchange Crypto.com, but this instance features a rendition issue rather than a price error. This glitch was uncovered amid the ongoing market struggles. The crypto market has been stuck in a bearish consolidation phase, with XRP also caught in the middle of the battle between the bears and the bulls. XRP has since relinquished the psychological $0.50 price territory, breaching below this pivotal support during the latest market downturn. With XRP now changing hands at the $0.47 price region, it would need a decisive market uptrend to again…

Following a settlement with the U.S. Securities and Exchange Commission (SEC), Chris Amani, who succeeded Do Kwon as the CEO of Terraform Labs, disclosed that the blockchain firm is set to dissolve. Terraform Labs Set to Close Doors Post-SEC Settlement Blockchain startup Terraform Labs has announced it is ceasing operations following a settlement with the SEC. CEO Chris Amani released the statement on the social media platform X. With the settlement complete, Amani noted he could now discuss the future of Terraform Labs (TFL). “TFL always intended to dissolve at some point and that point is now. We will be…

Bitcoin’s valuation presently resides at $68,402, boasting a market capitalization of $1.34 trillion and a 24-hour trading volume of $23.93 billion. Throughout the previous day, BTC’s price has maintained a tightly consolidated triangular pattern. Bitcoin Bitcoin’s (BTC) daily chart reveals a market that has transitioned from a significant rally to a consolidation phase. After an impressive rise from $56,500 on May 1, to $71,958 on May 20, bitcoin’s price has fluctuated within a narrower range, indicating a period of market indecision. Key resistance stands at $71,958, while support has shifted from $56,500 to around $66,000. Trading volume has diminished during…

Taiwan formed the Virtual Asset Service Provider Association with 24 crypto firms for regulatory oversight. BitoPro’s Titan Cheng chairs the association; XREX’s Winston Hsiao serves as vice chair. Taiwan aims to standardize VASP classification and management to align with global expectations. The formation of the Taiwan Virtual Asset Service Provider Association, which was entirely driven by government directives, represents a significant development in Taiwan’s cryptocurrency landscape regulation. This initiative demonstrates the country’s diligent approach to regulating its rapidly growing cryptocurrency market. Taiwan forms crypto industry association as major step toward self-regulation https://t.co/gdaMof0uyz — The Block (@TheBlock__) June 13, 2024 The…