Author: NBTC
Ethereum’s network growth hit an 8-month high, with an average of 130,200 new wallets created daily in December, signaling renewed user interest. Ethereum’s price nears the critical $4,000 resistance level, rebounding from lows earlier in the week, as market optimism strengthens. Investor demand and network activity drive bullish predictions, with analysts forecasting Ethereum may surpass $5,000 due to strong metrics. According to data from on-chain analytics platform Santiment, Ethereum’s network growth has reached its highest level since April 2024. Throughout December, an average of 130,200 new wallets were created daily, signifying a renewed interest in the blockchain. This marks a…
MetaMask confirms that interest in Shiba Inu among market participants remain high despite the ongoing consolidation phase. After rising over 98% from about $0.00001687 to highs around $0.00003343 after the U.S. election, Shiba Inu’s (SHIB) rally appears to be stalling. Last week, for example, the popular doggy-themed meme coin declined by over 15% from an opening price of $0.00003219 to close at about $0.00002788. Despite this lackluster price showing, interest in the token remains significantly high, at least according to a recent MetaMask ranking. Shiba Inu (SHIB) Swaps Remain High SHIB was among the most swapped tokens by MetaMask users…
Since yesterday, the hypothesis has been circulating insistently that there could be a new correction in the price of Bitcoin. On the other hand, there has already been one, and there do not seem to be any signs of a possible restart of the bullrun in the short term. The previous corrections on the price of Bitcoin The possible new correction of the Bitcoin price The restart of the bull run The 100k are not holding The previous corrections on the price of Bitcoin With Donald Trump’s victory in the presidential elections on November 5th, a new bull run of…
Ethereum, valued at $468 billion, traded within an intraday range of $3,851 to $3,957.89 on Dec. 14, 2024, reflecting a 20.2% drop from its peak of $4,878.2 on Nov. 10, 2021. Ethereum The daily chart reflects ethereum’s ongoing consolidation, with a peak at $4,096.6 marking the recent high of an uptrend that began at $3,014.5. Key support sits at $3,600 to $3,700, while the $4,000 psychological level remains a significant resistance. The market is showing reduced bearish volume, with smaller bullish candles forming near $3,800, suggesting resilience despite slowing momentum. ETH/USD Daily chart on Dec. 14. On the 4-hour chart,…
Hex Trust, a key fully licensed platform offering custody for digital assets, has announced the extension of its collaboration with Stacks Asia Foundation. The continuation of the partnership with Stacks Asia Foundation denotes a landmark achievement to boost the Bitcoin economy. With this endeavor, Hex Trust particularly fortifies its reach across the Middle East and Asia. Hex Trust has a strong & established presence in Asia and the Middle East, holding regulatory licenses in Hong Kong, Singapore (IPA), & Dubai. Hex Trust’s partnership with Stacks Asia Foundation is also a major milestone in their push into the burgeoning Bitcoin ecosystem.…
Steve Witkoff, Trump’s Special Envoy, statement at MENA Trump’s team showed strong support for making rules that favor cryptocurrency growth. Countries and companies are turning to Bitcoin to protect against inflation and stabilize their finances. The Bitcoin MENA (Middle East and North Africa) conference in Abu Dhabi. Has recently got attention for its cutting-edge discussions on cryptocurrency especially Bitcoin and for the influential personalities. From prominent crypto figures like Binance’s CZ to Elon Musk were expected to attend and key members of Donald Trump’s inner circle. The event has become a platform for powerful endorsements of Bitcoin as the future…
In the ever-evolving world of NFTs, trends emerge and fade, communities thrive or dissolve, and what’s considered groundbreaking today might feel outdated tomorrow. CryptoPunks, once heralded as the pinnacle of NFT culture and a symbol of digital art history, now find themselves overshadowed by a fresh contender—Pudgy Penguins. This transition marks more than just a passing of the torch; it reflects a profound shift in the NFT ecosystem and how value is perceived in the space. The Rise of CryptoPunks: A Brief Recap CryptoPunks are undeniably iconic, pioneering NFTs that demonstrated the potential of blockchain-based art. Created in 2017 by…
Hedge funds have set a new record for shorts against Ethereum on the Chicago Mercantile Exchange (CME), driving these positions to an all-time high. This development comes as Ethereum struggles to maintain momentum above the $4,000 mark despite a strong influx of funds into spot ETFs and generally bullish market sentiment. Ethereum Faces Record Short Bets Despite Bullish ETF Inflows Over the last three weeks, Ethereum ETFs have recorded consistent inflows, amassing over $2 billion in new funds. According to SpotOnChain data, this streak included a record-breaking weekly inflow of $854 million, the highest since the product’s launch. These developments…
As more and more people look to the digital asset investment products field, Cardano (ADA) made a name for itself in last week’s inflows, standing out from the crowd in a very competitive landscape. According to CoinShares, funds flowing into digital asset ETFs reached $3.23 billion, marking its 10th consecutive week of growth. This brings the 2024 total to an impressive $44.5 billion — a number that is unmatched by previous years. While Bitcoin was the big winner with $2 billion in inflows, Ethereum kept up its steady pace. Ethereum-linked products brought in $1 billion for the seventh consecutive week,…
Core partners with BitGo to enable secure, scalable Bitcoin staking for institutional clients through Dual Staking technology. The collaboration establishes a milestone in Bitcoin DeFi by combining Core’s innovative staking model with BitGo’s custody services. The Core Foundation, the organization behind Core, the largest Bitcoin DeFi ecosystem, has announced a partnership with BitGo. For Bitcoin DeFi (BTCfi), this partnership marks a major turning point since BitGo becomes the first custodian providing institutional access to Core’s creative Dual Staking model. By means of this collaboration, institutional clients can generate scalable Bitcoin yields while preserving the security and trustlessness defining the Bitcoin…