Author: NBTC

A well-known technical reversal pattern called Head and Shoulders may be developing for Bitcoin. It frequently indicates a possible change in trend. According to the provided chart, Bitcoin appears to be close to finishing this formation, which usually results in a change in market sentiment and a sizable price move. The head, right shoulder and left shoulder are the three peaks of the Head and Shoulders pattern. The shoulders on either side are lower but about the same height as the head, which is the highest peak. Bitcoin may make a significant move higher and create the conditions for a…

While an increase in Bitcoin and altcoins was expected with the arrival of October, the month of rise, the tension between Iran and Israel caused sharp declines. While Bitcoin (BTC) has dropped below $60,000, Ethereum (ETH), Solana (SOL) and XRP are also trading in the red zone. In the last 24 hours, ETH fell by 5% to $ 2,320, SOL fell by 7.5% to $ 135, XRP fell by 11% to $ 0.52, and Dogecoin (DOGE) fell by 2.4% to $ 0.103. Altcoins also accompanied the decline in Bitcoin, with only four altcoins experiencing an increase in the last 24…

The Uniswap Foundation revealed financial health in its latest report with $36.81 million in assets and millions in new grant commitments for Q2. The Uniswap Foundation, a non-profit organization dedicated to supporting the growth of Uniswap, has released its financial summary for Q2, as part of its ongoing commitment to financial transparency. In a blog post on Aug. 7, the foundation outlined that it held $36.81 million in cash and stablecoins, with only 680,000 in UNI tokens. The organization explained that cash and stablecoins are designated for grantmaking and operational activities, while the UNI tokens are reserved for “employee awards.”…

Michael Saylor, eager Bitcoin proponent and the co-founder of the MicroStrategy business software giant, has published a tweet to support the recent statement made by BlackRock about Bitcoin that made ripples across the cryptocurrency community on Tuesday. Saylor issued a supportive comment on what BlackRock’s head of digital assets Robbie Mitchnick said about Bitcoin and its properties during the appearance he made at Bloomberg Crypto. BlackRock exec praises Bitcoin Answering the host’s questions about retail investors getting into Bitcoin with its high volatility and questions about the prospects of its further use in the future, Robbie Mitchnick made several bullish…

Chicago Fed President Austan Goolsbee recently touched on a range of key economic issues, from the trajectory of inflation to the impact of the dockworkers’ strike, in a series of speeches that touched on the U.S. labor market, consumer confidence and the path of interest rate cuts. Goolsbee said the early stages of the dockworkers’ strike affecting U.S. ports may only cause minor inconvenience. But he warned that over time the strike could disrupt supply chains and cause prices of some commodities to rise. “Retailers are already stockpiling,” he said, noting that businesses currently have about two weeks’ worth of…

Bitcoin managed to stay above $60,000 after the FED cut interest rates by 50 basis points last week. While analysts expect an increase for BTC from now on, popular analyst PlanB, known for the S2F model, shared his monthly BTC price forecast. PlanB, who announced his predictions from his X account, stated that he expects Bitcoin to reach $70,000 in October. The analyst, who announced his BTC predictions month by month, also shared his long-term predictions for 2026 and 2027. Stating that these predictions are just a scenario, PlanB listed the reasons for the price levels he expects for Bitcoin…

Local exchanges like Bitso and Lemon report significant increases in digital currency deposits since the amnesty’s announcement. Carlos Peralta of Bitso noted a surge in inquiries, suggesting higher future participation before the deadline extension. In Argentina, the cryptocurrency amnesty program, initiated in July, has surprisingly exceeded expectations according to local exchanges. This initiative allows Argentinians to declare their cryptocurrency holdings to the government without fear of repercussions. The deadline for this declaration has been extended to October 31 The Argentine government has extended the deadline for asset regularization through Decree No. 864/2024, published on September 30, 2024. This extension modifies…

Ripple announced it has teamed up with the DIFC Innovation Hub in Dubai to drive blockchain innovation in the UAE through the Centre’s Innovation Hub as home to over 1,000 tech firms, digital labs, venture capital firms and other key players in the sector. The partnership is aimed largely at early-stage companies adopting blockchain and cryptocurrency into their processes. However, it is also intended to work with traditional large organizations to facilitate the use of these technologies. We’re partnering with the @InnovHubDIFC to accelerate blockchain innovation in the UAE! Together, we’re driving blockchain adoption among startups & scale-ups, shaping the…

Bitcoin (BTC) continues to wrestle with the $64,000 threshold on Wednesday, trading up 0.3% at $63,850, while market experts point to increasingly bullish sentiment and potential catalysts for further growth. Despite the cryptocurrency’s short-term struggle to break decisively above this level, analysts have noted several positive indicators that could fuel Bitcoin’s next leg up. Ethereum, meanwhile, is down 1%, trading at $2,625, according to data from CoinGecko. U.S. spot Bitcoin ETFs continue to show strength, marking their fourth consecutive day of net inflows. On September 24, these ETFs saw a total net inflow of $136 million, with BlackRock’s iShares Bitcoin…

Injective integrates with Elliptic to enhance network security and regulatory compliance. Injective launches Altaris, its most advanced chain upgrade, boosting network capabilities. In a tweet, Injective announced their collaboration with Elliptic, a renowned blockchain analytics platform for financial institutions and corporations. This collaboration is intended to improve the network’s security and regulatory compliance. Injective is now integrated with @Elliptic, a leading blockchain analytics platform for financial institutions and enterprises. With Elliptic’s suite of products, developers and businesses can easily map fund flows within the Injective network, all while meeting global… pic.twitter.com/u4fMzGb25y — Injective 🥷 (@injective) August 6, 2024 Elliptic Integration…