Author: NBTC
Bitcoin is up over 6% in the last 7 days. At this point, BTC continues to struggle with the $64,000 threshold and is trading at $63,580 at the time of writing. Bitcoin’s volatile price movements are causing investors to hesitate. However, experts have outlined several positive indicators that could support Bitcoin’s next rally, stating that positive macroeconomic factors point to a growing bullish trend for Bitcoin. Speaking to Decrypt, Geoffrey Kendrick, Head of Global Digital Asset Research at Standard Chartered, stated that last week’s FOMC decision and the steepening of the US Treasury yield curve supported the rise in Bitcoin…
BitMEX founder Arthur Hayes thinks it’s going to be “very, very difficult” for other smart-contract platforms to surpass Ethereum (ETH). Hayes says in a new interview with The Big Whale that Ethereum currently leads the pack in terms of innovative applications and number of developers. He argues that innovations start on Ethereum and then “copycats” materialize on other chains. “The Ethereum technology and the people building these things, they’re the most innovative, and then everybody else copies them. So until I see a new chain where a new primitive is launched there first, and it hasn’t started on the Ethereum…
This comprehensive guide will walk you through everything you need to know about the Berachain airdrop, from understanding its tech to maximizing your chances of receiving valuable $BERA tokens. What is Berachain and its $BERA airdrop? Berachain is an innovative, high-performance blockchain built on the Cosmos SDK, featuring EVM compatibility and a unique Proof of Liquidity (PoL) consensus mechanism. The Berachain Airdrop is a strategic initiative designed to distribute its native token, $BERA, to early adopters and active testnet participants. Key Features of Berachain: Proof of Liquidity (PoL) Consensus: Enhances network incentives and aligns validators with the ecosystem. EVM Compatibility:…
Fintech startup Mesh has partnered with Turkey’s crypto exchange Paribu to enhance user access to seamless payments across the web3 ecosystem. Mesh, a U.S. fintech startup backed by PayPal Ventures, has joined forces with centralized cryptocurrency exchange Paribu, aiming to enhance user experience in Turkey‘s burgeoning crypto market. According to an Oct. 1 press release, the partnership designates Paribu as Mesh’s sole official exchange partner in the region, allowing its users to access Mesh’s connectivity layer with hundreds of platforms, including self-custodial wallets like MetaMask. According to the Chainalysis 2024 Global Crypto Adoption Index, Turkey ranks 11th globally in cryptocurrency…
Bitcoin whales sold over 20,000 BTC, worth $1.28 billion over the past 24 hours. BTC’s price could decline by 10% to the $57,300 level if it closes its daily candle above $66,000 level. BTC appears bearish, likely due to the $1.28 billion asset dump and the bearish double-top price action pattern. Bitcoin (BTC), the world’s biggest cryptocurrency by market cap, might experience a significant price drop as whales have sold billions worth of BTC. Bitcoin Whales Dump 20,000 BTC On September 25, 2024, a prominent crypto analyst made a post on X (previously Twitter) stating that Bitcoin whales sold over…
An Ethereum ICO whale transferred 21,490 ETH worth $55.2 million to Kraken. Ethereum spot ETFs faced net outflows of $48.519 million on October 1, the largest since September 3. As of October 1, Ethereum’s current price stands at $2,474, reflecting a 6.20% decrease over the past day. The market cap has similarly declined by 5.18%, currently sitting at $299.87 billion. Despite this price drop, the 24-hour trading volume has increased by 46.66%, reaching $25.27 billion.Ethereum’s market has undergone significant changes recently, primarily driven by whale activity. An Ethereum ICO whale, known as “0xb8c,” transferred 21,490 ETH, worth approximately $55.2 million,…
XRP surges 30% to $0.6408, driven by whale accumulation and social media frenzy, following a crucial development in the SEC vs. Ripple lawsuit. XRP is again witnessing a solitary pump amid a broadly passive crypto market. Specifically, XRP has increased by approximately 30% from $0.4942 to $0.6408 today, emerging as the best-performing crypto among the top tokens in the last 24 hours. Intelligence platform Santiment confirmed the growing market valuation of XRP in a recent update. The report provided insight into what happened on-chain before the price explosion for XRP. XRP Whales Accumulate to New All-time Highs Santiment revealed that…
On Saturday, October 26, 2024, at around 9 AM PT, the planned update will begin. Users will not be able to trade using any of Coinbase’s platforms. Coinbase Global Inc., has announced a forthcoming brief platform downtime on X. The exchange made it clear that it plans to upgrade its platform, which means it will be offline for a short time. On Saturday, October 26, 2024, at around 9 AM PT, the planned update will begin and continue for two hours. The Simple and Advanced Trade, among other products on the exchange, will be impacted by this brief suspension. Additionally,…
Retail bitcoin investors, particularly “crabs” and “shrimps,” have accumulated 35,000 BTC in the past 30 days, highlighting increased confidence and participation from smaller holders. With 40,000 BTC withdrawn from exchanges in the past 30 days, reduced liquidity suggests a potential supply squeeze, creating a bullish environment for future bitcoin price increases. In the past 30 days, the Bitcoin (BTC) ecosystem has seen a significant rally in accumulation, with approximately 88,000 BTC being amassed on a net basis. This strong period of accumulation, which has persisted through much of September, is notable for being about seven times the monthly bitcoin issuance…
Escalating tensions in the Middle East triggered a sharp downturn in the crypto market on Tuesday. This volatility led to the liquidation of over $500 million in positions. Leading altcoin Ethereum (ETH) was particularly affected, with long traders suffering significant losses. Technical indicators suggest that this downturn has encouraged bears to make a move for market control — and they might be succeeding. Is October off to a rocky start? Ethereum Long Traders Count Their Losses On Monday, Ethereum’s price fell to $2,447, a low last recorded ten days ago. This unexpected decline led to the liquidation of many long…