Author: NBTC

Bitcoin’s price is finally showing some signs of recovery. The questions to now consider are whether the recent correction is over and if new all-time highs are still possible. Let’s dive in. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been trending down since it failed to break above the $75K mark earlier in June. However, the $60K support level has so far proven to be solid, preventing it from dropping any lower. Considering yesterday’s bullish candle, the market might be constructing a bottom near the $60K mark and could soon begin a new…

Spot Ethereum ETFs outperformed expectations, experiencing inflows of $107 million on the first day of trading. Most market analysts expect Ethereum to first decline and then rise in the short term, as is the case with Bitcoin. So, what are the expectations of important names in the industry about the spot Ethereum ETF performance and ETH price? Citibank analysts expect net inflows into spot Ethereum ETFs to potentially range from $4.7 billion to $5.4 billion in the first six months. JP Morgan estimates that inflows to ETH ETFs will be $3 billion this year. According to Bernstein analysts, there will…

Nigeria’s central bank digital currency, known as the eNaira, was the first of its kind in Africa. However, it currently represents only about 0.36% of the total currency in circulation. Nigerian experts attribute the slow adoption of the e-naira to its perceived lack of significant benefits compared to the traditional naira. E-Naira Adoption Lags Despite Token Surge Almost three years after its launch, the Nigerian central bank digital currency (CBDC) accounts for only 0.36% of the currency in circulation, according to data from the Central Bank of Nigeria (CBN). Nevertheless, the data indicates that the NGN 13.98 billion e-naira tokens…

KraneShares has introduced AGIX, an exchange-traded fund (ETF) designed to mirror the performance of companies developing and implementing AI technologies. The fund focuses on three main areas: hardware, infrastructure, and applications. The ETF has an annual operating expense of 1%. What’s so special about KraneShares’ AGIX ETF? The recent launch of KraneShares’ AI-themed ETF AGIX comes at an interesting time as prominent AI stocks like Nvidia, Broadcom, and AMD experience significant drops from their all-time highs. Despite this market dip, the demand for AI technology remains robust, suggesting a promising future for AGIX. Brandan Ahern, CIO of KraneShares, emphasized the…

BTC forms a bullish giant Cup and Handle pattern, signaling a potential bullish continuation. The C&H pattern forms after a strong rally, with a rounded bottom (the cup) followed by a smaller consolidation (the handle). Despite the bullish projection, Bitcoin faces short-term bearish conditions. Social media FUD and recent selloffs pose risks. Bitcoin has formed a giant cup and handle (C&H) pattern, as the post below suggests. This pattern is a bullish continuation signal that resembles a teacup on a chart. $BTC [3D] – Update of Cup with Handle targeting $300k+ 🧨👀 pic.twitter.com/P8DowgQeAA — Gert van Lagen (@GertvanLagen) July 1,…

The expected rally in Bitcoin and altcoins never came. While BTC was moving in a narrow range, spot Ethereum ETFs opened for trading yesterday. While market analysts generally expect a sell event in Ethereum and the price to fall, Capo of Crypto, who is known for his bearish views and is frequently criticized by investors with his bearish comments, shared his expectations for Ethereum and the altcoin market. Il Capo, who first analyzed Ethereum, argued that ETH is ready to reach the new ATH. At this point, the analyst drew attention to the ETH chart and stated that ETH was…

Binance Labs, the venture capital and incubation arm of Binance, the world’s largest cryptocurrency exchange, continues to invest in new cryptocurrency projects. At this point, Binance Labs announced the latest cryptocurrency projects selected for the 7th season of the incubation program. Which Cryptocurrency Projects were Selected? Binance Labs announced the first batch of projects accepted into the Season 7 Incubation Program on X. These projects include decentralized exchange Astherus, bridgeless aggregate liquidity network Cycle Network, sharding-based data availability network Dill, and EigenLayer’s first native DeFi protocol Eigen Explorer. “We are excited to announce the first group of projects we have…

Fidelity Investment, a financial giant boasting over $13T in assets has announced that it has added Litecoin to its digital asset offering. This is a significant milestone for both Fidelity Investment and Litecoin as it is the third token after Bitcoin and Ethereum to be available through Fidelity Crypto Litecoin (LTC) has joined crypto hulks Bitcoin and Ethereum as the only cryptocurrency currently available through Fidelity Crypto. In a recent development, Fidelity Investment, a titan in the financial real priding itself with over $12 trillion in assets under management has announced the inclusion of the token often referred to as…

Samson Mow, JAN3 CEO and a vocal Bitcoin supporter, has shared an important statement about BTC’s current value. This happened while the world’s largest cryptocurrency, Bitcoin, recaptured the $63,000 level overnight and then lost it again today. Over the past 24 hours, BTC went from $61,825 to $63,600, rising by almost 3%. As of now, Bitcoin is trading at $62,710. Samson Mow’s BTC statement CEO of Bitcoin adoption-focused company Samson Mow, who is also a Bitcoin maximalist, has taken to the X social media platform to share his take on the current value of BTC, using his own criteria. According…

Ethereum (ETH), the original “altcoin” and platform for smart contracts, has seen muted price action in the past 24 hours despite the much-anticipated launch of its exchange-traded funds (ETFs). While weekly performance has dipped into the red, ETH still holds a monthly gain of 4.66%, currently trading around $3,464. The market’s attention now turns to whether the newly approved ETFs can reignite bullish momentum and potentially push ETH back towards the $4,000 mark. Amid Ethereum’s current trajectory, analyst Carl “The Moon” took to X (formerly Twitter) to point out that ETH is forming a massive bull flag based on the…