Author: NBTC

The CPI and PPI releases will likely have a large impact on Bitcoin’s price, and the asset may break above the $55k support. The $55,000 price level can be considered a crucial psychological level for Bitcoin investors and its stability may affect the mood in the market. Bitcoin trading volume has fluctuated with expectations of the economic reports which are currently at $32,753,860,881 down by 2. 92%. The cryptocurrency market is at a crossroads as investors look forward to CPI and PPI figures to make their next moves. These economic factors have considerable influence over Bitcoin price movement, which may…

In a noteworthy event in the DeFi sector, Aerodrome has taken the place of a leading entity for the trading volume of the $ETH-$USDC pair. As per the data from DefiLlama, the $ETH-$USDC pool of Aerodrome has outperformed its competitors operating on Ethereum and Arbitrum with an impressive trading volume within the past twenty-four hours, turning it into the highest-volume pool dealing with $ETH-$USDC on-chain. Aerodrome took to its official social media account to discuss this exclusive achievement. ETH Volume Leader ✈️Over the last 24 hours, Aerodrome produced the highest volume ETH – USDC pool onchain, reaching $284M, according to…

Donald Trump’s tax reform proposals could provide partial or full income tax exemptions to 93.2 million Americans, nearly half of the US electorate, according to a report by CNBC. The former president, currently the Republican nominee for the 2024 election, has outlined this vision as part of a broader plan to phase out income taxes. These reforms are focused on eliminating taxes on tips, Social Security benefits, and potentially expanding to include exemptions for firefighters, police officers, and military personnel. His strategy is to shift the revenue burden onto tariffs, particularly through a proposed 20% universal tariff on all imports,…

TL;DR Bittensor (TAO) led crypto discussions on September 23, driven by an 80% weekly surge, while the lesser-known Hamster (HAM) gained attention after its airdrop controversy. Near Protocol (NEAR) ranked third in trending assets, experiencing a 30% price spike in a week. What Drives the Interest? The crypto market started the week on the right foot, with numerous assets witnessing substantial price increases or capturing investors’ attention for other reasons. Bitcoin (BTC), Ethereum (ETH), and many more leading cryptocurrencies have been at the forefront of gains on a weekly scale, but according to analytics platform Santiment, they did not see…

The FCA is defending its stringent crypto firm registration process despite concerns that the approach may hinder innovation. The U.K. Financial Conduct Authority is reaffirming its commitment to a rigorous registration process for crypto businesses, addressing concerns that these tough standards could hinder innovation in the industry. In a blog post on Oct. 21, Val Smith, head of payments and digital assets at the FCA, defended the agency’s stance, asserting that the FCA’s experts “never turn applications down out of hand.” “We know that setting and maintaining standards people can trust is a key part of any thriving, competitive sector.…

Bitcoin (BTC) is finally making a comeback, with recent price spikes signaling a potential start of the long-awaited market bull run. As the cryptocurrency retests the $57,000 level, this renewed momentum could ignite a positive price rally, potentially driving more gains for Bitcoin. Bitcoin Retests New Levels At $57,000 On Tuesday, September 10, Santiment, a market intelligence platform, disclosed a new positive change in Bitcoin’s price movements. The platform revealed in an X (formerly Twitter) post that Bitcoin’s market value has experienced a notable uptick, skyrocketing to $57,600 this week. Notably, Bitcoin’s price surged more than 4.8% on Monday, September…

Lido Finance, which was once a well-known entity for DeFi-based liquid staking, has witnessed noteworthy developments in chief metrics. As per Lido Finance, the platform has experienced a significant upsurge in the total value locked with a 10.95% increase, bringing the total assets to $26.73B. The platform revealed this development on social media. 📊 Lido Analytics: October 14 – October 21, 2024– USD TVL up 10.95% to $26.73b.– 4,992 net ETH unstaked.– 7d stETH APR at 2.99%.– wstETH on L2 down -5.62% to 196,361 wstETH.– 7d (w)stETH trading volume at $879.64m.👇 pic.twitter.com/HPx98PXWof — Lido (@LidoFinance) October 21, 2024 Total Value…

The Congressional Budget Office (CBO) released a draft of the U.S. budget projections through 2034, challenging concerns raised by BlackRock’s CEO Larry Fink. Despite Fink’s comments that rising government debt is a notable issue, the CBO data suggests that the debt levels may not be problematic until after 2034. The report outlines various economic metrics, including GDP growth, debt ratios, and budget deficits, providing a clearer picture of the nation’s financial future. U.S. Debt Projections and Economic Outlook The CBO’s draft report highlights that U.S. government debt will continue to grow substantially over the next decade. However, it also indicates…

Last week Montenegro’s Minister of Justice said he had decided where Do Kwon would be extradited for his role in the Terra/Luna collapse. However, before his verdict was revealed, a surprise appeal from Kwon threw yet another spanner in the works. Kwon filed the appeal on September 25 against a Supreme Court ruling that took place six days earlier and ruled that the Minister of Justice, Bojan Božović, would decide where to extradite Kwon. His appeal requested the suspension of his extradition proceedings, the Supreme Court’s verdict, and the decision-making of Božović. On October 18, in response to the request,…

The exclusive data shows a drop in the Consumer Price Index in the US for August. As per the on-chain analytics firm Lookonchain, the decreased CPI has displayed a year-on-year jump of up to 2.5%, marking the 5th consecutive month in the case of inflation decline as a substantial trend for the crypto market. The U.S. CPI(YoY) in August was 2.5%, falling for 5 consecutive months.Here is a graph showing the relationship between the $BTC price and the U.S. CPI(YoY). pic.twitter.com/e24Ch0qyto — Lookonchain (@lookonchain) September 11, 2024 US CPI Indicates a Dip in Inflation, Signifying an Increased Market Stability The…