Author: NBTC

As the crypto market prepares for turbulence amid the tariff wars, the NFT market seems to be in a worse position. Trading volumes are declining and marketplaces shutting down. The once-hyped world of non-fungible tokens, which analysts once boldly projected could balloon to over $264 billion by 2032, now seems to be limping along. Weekly trading volumes have been falling like dominoes for weeks, scaring off capital and dragging the market back to levels not seen since its explosive 2020 debut. Art NFTs yearly trading volume and sales count | Source: DappRadar Blockchain analytics firm DappRadar shows that trading volumes…

While on the campaign trail, Donald Trump appeared like a dream for cryptocurrency investors, promising that if he is re-elected, the U.S. will become one of the world’s most friendly countries regarding digital assets. The promises were seemingly taken at face value, as the election victory generated a powerful rally with the discussion of when the government would start accumulating cryptocurrencies, per the strategic reserve promises, coming to great prominence. The reality of the new administration proved quite different, and instead of the Federal Government increasing its digital assets holdings, the value of what was already owned dropped significantly. Specifically,…

Dogecoin (DOGE) is showing resilience on the market as the bearish trend for Bitcoin and altcoins is mildly showing up. Dogecoin’s price was changing hands for $0.1695, down by 2.11% in the past 24 hours. Despite this downturn, the Dogecoin trading volume on top centralized crypto trading platforms like Binance signals a potential rebound ahead. Dogecoin volume on Binance Per data from CoinMarketCap, two Dogecoin trading pairs on Binance, including DOGE/USDT and DOGE/FDUSD, have shown a massive rebound. While the DOGE/USDT pair’s volume has skyrocketed by 10.64% to $122,181,081, that of DOGE/FDUSD has rallied 21.57% to $247,642,042. Combined, these volumes…

Ethereum has experienced a challenging month and a half, with its price nearing a 17-month low at $1,802 at the time of writing. Despite this ongoing downtrend, which nearly sent ETH into a bear market, key investors have remained optimistic. As Ethereum approaches these significant levels, many market participants believe that a price rebound could be on the horizon. Ethereum Investors Capitalize On Low Prices Ethereum’s supply on exchanges has dropped to a six-month low, indicating that investors are increasingly holding their assets off the market. This drop in exchange supply is often seen as a bullish sign because it…

The leading digital asset fell sharply after Trump’s Wednesday tariff announcement and has since been languishing below $82K. BTC Dives as Trump’s Tariffs Roil Markets President Donald Trump announced aggressive new U.S. tariffs on more than 100 countries on Wednesday afternoon, sending bitcoin ( BTC) plunging to $81K from yesterday’s high of more than $88K. The cryptocurrency’s price swung between $81,786.22 and $88,466.96 over the past day and is currently trading at $81,888.94 down 4.15% in the last 24 hours and 5.06% over the past week. ( BTC price / Trading View) Overview of Market Metrics Bitcoin’s trading volume surged…

The possibility of a sooner-than-expected interest rate cut in the United States has escalated, with assets like Bitcoin as potential beneficiaries. The global market has been crashing extensively since President Donald Trump’s April 3 reciprocal tariff announcement. It started with the US stocks recording their worst two-day performance since the 2020 COVID-19 plummet. Meanwhile, at the start of the Asian market on Monday, China’s stock market crashed by over 5%, its largest single-day outflow since 2008. British and German markets also receded massively, as uncertainties resonated around the global market. While investors quiver, there might be a silver lining, especially…

Grayscale files for an Avalanche ETF, aiming to attract institutional and retail investors. AVAX price drops 8% despite growing institutional interest and potential SEC approval. Avalanche’s blockchain structure offers scalability, making it a strong Ethereum alternative. Grayscale Investments has taken the initial step in launching an Avalanche ETF. Many expected this step to boost market confidence. Instead, AVAX took a sharp dive. Investors now wonder what this means for future growth. Nasdaq filed a request with the SEC to list shares of the proposed Grayscale Avalanche Trust ETF. Approval could open doors for wider adoption. The unexpected price drop has…

Ethereum, the second largest cryptocurrency by market capitalization, has seen a significant drop in fees, drawing attention on the crypto market. In a recent tweet, IntoTheBlock stated that total ETH fees decreased in the quarter — marking their lowest level since 2020. According to data presented by IntoTheBlock, total ETH fees fell 59.6% to $208 million. During the first quarter, ETH’s price fell by 49%, wiping out more than $170 billion in market value. This was the third worst quarter for ETH since 2016. Total ETH fees decreased to their lowest level since 2020 this quarter, primarily driven by the…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Can BitCoin be “trusted”? Will anyone accept bitcoins as payment? Could bitcoin eventually replace national currencies and “break the monopoly power of the Federal Reserve”? These were questions fielded by then-lead developer Gavin Andresen, 14 years ago this week. Andresen was speaking on the first podcast episode dedicated to “BitCoin.” (The price was a cool $0.73.) This hour-long EconTalk chat was recorded in March 2011, back in the very early months of GPU mining. It’s still worth listening to this episode, for nothing more than to…

Ethereum remains under pressure as the broader market sentiment struggles to shift bullish. The price continues to hover around key demand zones, with little sign of immediate strength from bulls, while derivatives and on-chain activity show signs of caution. Technical Analysis By Edris Derakhshi The Daily Chart On the daily timeframe, ETH has failed to recover above the previous support turned resistance near $2,000. The daily structure remains bearish, and the rejection from the $2,200-$2,000 supply zone has intensified selling pressure. The 200-day moving average, currently positioned above $2,800, underscores the broader bearish bias, while RSI lingers in oversold territory,…