Author: NBTC

In February, the inflation rate in the USA rose to 3.2% from January’s 3.1%: however, the price of Bitcoin did not suffer from this increase. Indeed yesterday, when the data was released, the price of BTC had only a small fluctuation, going from $72,000 to $71,400, but then immediately recovering to $72,000. A few hours later, however, there was a brief correction that brought it down to below $69,000, but only to return to $72,000 a few hours later. Today, however, it set a new all-time high above $73,000. The problem of inflation rate in the USA: Bitcoin is not…

Shiba Inu (SHIB) has witnessed a remarkable surge in its token burn rate as its price is eyeing momentum. Data from the tracking site Shibburn shows that more than 24.2 million SHIB tokens were burned during the last 24 hours. This means that the token burn rate is currently up 61.02%. The current circulation supply of the meme coin is a whopping 582.7 trillion tokens. With such a massive circulation supply, the Shiba Inu ecosystem requires token burning events to ensure the scarcity of the SHIB tokens. A balanced circulation supply is imperative, not only for the SHIB price but…

BitGo, a prominent provider of Bitcoin wallets and custody solutions, has unveiled a new enhancement to its platform with the introduction of Replace-By-Fee (RBF) integration, according to a press release sent to Bitcoin Magazine. This new feature is designed to increase the speed of Bitcoin transaction processing, offering users greater flexibility and control over their transactions. RBF enables users to replace transactions that are stuck in process with higher fees, thereby incentivizing miners to confirm them promptly on-chain. Available across BitGo’s range of wallets, including hot wallet, qualified custody, and self custody bitcoin wallet options, RBF integration marks a another…

Bitcoin, the largest cryptocurrency by market capitalization, extended its recent advances, breaking beyond $73,000 to hit a new all-time high. Bitcoin’s price was last up 0.97% at $72,486, according to CoinMarketCap data. It previously touched an all-time high of $73,709 during today’s trading session. With each price increase, investors and analysts eagerly anticipate the next key target for Bitcoin’s ascent. Eyes are currently on the $80,000 mark, which may act as a psychological barrier for the BTC price; however, bullish indicators suggest that Bitcoin has the potential to surpass this level and set its sights on even higher targets. A…

Solana (SOL) network issues have escalated affecting investors’ confidence and preventing the proper use of its decentralized finance (DeFi) ecosystem. In this context, Finbold selected ten Solana competitors to consider using and investing amid transaction failures affecting its experience. Notably, over 69% of all Solana transactions received by validators failed to receive votes for confirmation on April 7. Finbold retrieved this data from Dune Analytics, posted by Dune‘s user and analyst, scarn_eth. Moreover, the transaction failure rate went as high as 75% a few days ago. Yet, the analyst explained the network issues go beyond this data. This is due…

Nakamoto Games expands globally, establishing a new gaming studio in Turkey. Unveils NAKAGO parkour game prototype, setting new standard in crypto gaming. Community anticipates bullish times as Nakamoto Games fuels post-halving market. In the wake of the successful Bitcoin Halving event and the gradual recovery of the crypto market, bullish sentiments are sweeping through the majority of the community. Adding to the optimism, Nakamoto Games, a prominent player in the crypto gaming space, has made bold statements and exciting announcements for its ecosystem. Nakamoto Games continues to fuel the post-halving bull market. Today, we’re proud to bring you a surprise…

Bitcoin (BTC) has the potential to record more substantial price surges, according to a CryptoQuant analysis, despite recently hitting a new all-time high above $73,000. A recent report from Axel, a CryptoQuant Research and Data Analyst, indicates that Bicoin could continue its upward trajectory, even after surpassing the $73,000 mark. Notably, BTC surged to a new ATH of $73,650 today after breaching $72,000 two days ago. The leading crypto asset has faced a mild drop following the $73,650 high, but the CryptoQuant analysis suggests the uptrend is in its infancy. The analysis focuses on a metric known as the UTXO…

Dogecoin (DOGE), a meme-inspired cryptocurrency, has been experiencing bullish momentum in recent trading sessions following a brief period of consolidation earlier this week. As of the latest data, DOGE is trading at $0.1945, marking an impressive 5.72% increase over the past 24 hours. Over 30 days, the cryptocurrency has surged by 27.84%, showcasing a significant uptrend in its price. The recent surge in DOGE’s price can be attributed to several bullish metrics that have emerged in its favor. According to data from CoinGlass, the trading volume of Dogecoin has increased by 6.13%, reaching a substantial $3.41 billion. This surge in…

Eric Balchunas, Senior ETF Analyst at Bloomberg, has provided insights on the autopsy report of the defunct Inverse Cramer Exchange-Traded Fund (ETF). Jim Cramer’s ETF design flaws Balchunas pointed out critical flaws that plagued the ETF from its inception. The analyst noted that the fund, designed to capitalize on Cramer’s stock picks through a long-short strategy, failed to attract investor interest due to high fees and a flawed design that hindered its performance even during favorable market conditions. Unlike traditional ETFs that typically adopt either a long or short position, the Inverse Cramer ETF followed a long-short strategy, where many…

After experiencing a rapid downturn, Ethereum has found itself supported by a substantial zone, comprising the 100-day moving average and a critical price range between the 0.5 and 0.618 Fibonacci levels. Consequently, a bullish rebound is anticipated in the medium term. By Shayan The Daily Chart A thorough examination of the daily chart reveals an extended period of corrective retracements, culminating in the price finding support within a pivotal zone. This zone encompasses the 100-day moving average at $3050 and the significant price range between the 0.5 ($3190) and 0.618 ($2972) Fibonacci levels. This range carries significance as it attracts…