Author: NBTC

Bitcoin’s (BTC) price surged past the $103,000 mark Monday, from bullish momentum that analysts believe may carry the asset toward a new all-time high (ATH). This powerful Bitcoin rally is directly fueled by a joint statement released in Geneva. The statement confirms the United States (US) and China have agreed to temporarily slash tariffs on each other’s goods. Effective by May 14 for 90 days, US levies on Chinese goods will drop from 145% to 30%, while Chinese duties on US goods will decrease from 125% to 10%. Cooling US-China Trade Tensions Boost Risk Asset Appeal This US-China trade agreement…

Ripple CEO Brad Garlinghouse has announced that the enterprise blockchain company will no longer release its XRP markets reports on a quarterly basis. From now on, Ripple’s XRP holdings will still be published on the company’s official website. The community will now be able to receive updates about the company and XRP via a series of social media and blog posts. They will no longer be bundled within a single report, which will potentially reduce the legal weight of such disclosures. Ripple originally started publishing the reports back in 2017 in order to ensure greater transparency. Garlinghouse claims that the…

US equities and cryptocurrencies rallied Monday, following news that Chinese and American officials agreed to temporarily slash tariffs while details of a comprehensive deal are ironed out. The S&P 500 and Nasdaq Composite indexes are both now trading above their April 2 levels, reversing the “Liberation Day” selloff that plagued markets for weeks. Bitcoin surpassed $105,000 early Monday morning, hitting its highest price since January when the crypto reached a new all time high above $109,000. Ether also rallied Monday, gaining as much as 4.6% in the early hours of the morning. After meeting in Geneva over the weekend, China…

Albrecht Dürer’s iconic 1515 artwork “The Rhinoceros” has been reinterpreted as a set of 11 sterling silver sculptures by Asprey Studio, each of which will be sold alongside a digital inscription on the Bitcoin blockchain. Produced by Asprey Studio in partnership with the British Museum, which holds Dürer’s original preparatory sketch for the woodcut, the sculptures are accompanied by a “a parent/child inscription that prevents any further additions and serves as a modern family tree of provenance,” according to a press release shared with Decrypt. Asprey Studio’s Rhinoceros. Silver sculpture. Image: Asprey Studio “It’s inscribed in Ordinals, in [a] full…

VIRTUAL, the native cryptocurrency of the Base-based Virtuals Protocol for creating and owning AI agents, has outperformed all major cryptocurrencies, including bitcoin (BTC), over the past four weeks. This rally is characterized by increased participation from the “smart money” wallets, according to on-chain data tracked by Nansen. VIRTUAL has rallied 207% to $1.66 in 30 days to rank as the best performer among the top 100 tokens by market value, according to data source CoinDesk. Prices have risen 11% in the past seven days. Market leader bitcoin, meanwhile, has gained just 13% in four weeks, with flat performance over the…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Bitcoin bull runs are pre-programmed. Act accordingly. Contrarians have instinctively challenged that notion. But the idea that bitcoin’s price moves like clockwork is becoming less absurd over time, even to the most pragmatic thinkers. Last month, on the one-year anniversary of Bitcoin’s fourth halving, we checked on bitcoin miners to gauge their production cost for each coin. This past weekend, meanwhile, has put us at five years since the 2020 halving. Strangely, post-halving price action this time around has trended almost exactly opposite to how it…

Ever wonder what the big players in the crypto market are up to? Tracking the moves of a crypto whale – individuals or entities holding substantial amounts of cryptocurrency – can offer valuable insights into potential market trends. Recently, the spotlight is on a particular whale who has made a significant splash by accumulating a massive amount of the AVA token. Who is This Mysterious Crypto Whale Accumulating AVA Token? According to observations shared by blockchain analytics firm Lookonchain on X (formerly Twitter), a notable whale trader has been actively accumulating the AVA token. This isn’t just a small purchase;…

Bitcoin held steady at $102,563 to $104,133 over the last two hours on Monday, with its market capitalization reaching $2.06 trillion amid a 24-hour trading volume of $34.74 billion. The intraday price range of $103,735 to $105,706 signals narrowing volatility as the cryptocurrency tests resistance near the $105,700 level. Bitcoin The daily chart underscores bitcoin‘s strong bullish structure, with price action maintaining higher highs and higher lows after breaking above the $74,000 level. However, recent candlestick behavior suggests increased resistance near $105,700, with a slight dip in volume that may signal a distribution phase. All major moving averages, including the…

Big news shaking up the crypto world! The ICON Foundation, a long-standing player in the blockchain space, has just dropped a major announcement that signals a dramatic shift for the project. Get ready to say goodbye to ICON as you know it, and hello to Soda Xchange! This isn’t just a simple name change. It’s a comprehensive rebranding coupled with a fundamental infrastructure migration. The project is set to transition its core hub chain from the existing ICON blockchain to a brand-new network called Sonic blockchain. This move is poised to redefine the project’s capabilities and strategic direction. Why the…

Kazakhstan is pushing forward with plans to modernize its energy system through digital mining and expand crypto trading beyond the Astana International Financial Centre economic zone. In an op-ed published in Kazakhstanskaya Pravda, Kanysh Tuleushin, First Vice Minister of Digital Development, Innovation and Aerospace Industry, outlined the government’s strategy to use digital mining to upgrade the country’s energy infrastructure and improve efficiency. Under a proposed “70/30” model, foreign investors would fund upgrades to thermal power stations, with 70% of the new energy output directed to the national grid and 30% allocated for mining operations. Tuleushin noted that this model mirrors…