Author: NBTC
The largest institutional Bitcoin bull Strategy (MicroStrategy) continues its aggressive buying. While Strategy’s buying strategy was thought to be positive for BTC, a negative comment came from Swiss cryptocurrency bank Sygnum. Accordingly, Sygnum Bank said in a recent report that Strategy’s aggressive buying strategy could undermine Bitcoin’s safe haven status. Strategy’s goal of owning 5% of the BTC supply could undermine Bitcoin’s suitability as a reserve asset for central banks, according to the report. “Strategy’s 3% stake in Bitcoin is approaching problematic levels, threatening Bitcoin’s reserve asset status.” So far, Strategy has purchased a total of 582,000 Bitcoins, which is…
Ethereum has attracted over $109 million in ETF inflows as institutions shift from Bitcoin. Can ETH break through the $3,000 mark this week? As the crypto market gradually gains momentum, hinting at a potential bullish recovery, institutional investors are increasingly loading up on Ethereum. With BlackRock now favoring Ethereum over Bitcoin, could ETH cross the $3,000 threshold this week? BlackRock Shifts Capital from Bitcoin to Ethereum On June 3, the total daily net inflow into U.S. Ethereum spot ETFs reached $109.43 million, marking the 12th consecutive day of positive inflows. BlackRock led the day’s activity with $77.06 million in inflows.…
The crypto market is getting redder by the minute as the spat between U.S. President Donald Trump and Tesla CEO Elon Musk intensifies. Late in the U.S. day, bitcoin BTC$100,798.14 was down more than 4% to $100,500, threatening to dip back into five digits for the first time in a month. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization, except for exchange coins, memecoins and stablecoins — is down more than 5% in the same period of time. SOL and SUI are notable underperformers, printing losses of more than 7%. Coinbase (COIN) lost 4.6%,…
While the broad crypto market has flipped bullish with major cryptocurrencies showing strength in important metrics over the last day, SHIB has continued to show signs of weakness following recent data provided by blockchain analytics platform IntoTheBlock. SHIB whales pull back After achieving a massive spike of 24.3 trillion SHIB in large transaction volume on June 5, whales have pulled back significantly with only 2.06 trillion SHIB flowing into the wallets of SHIB large holders over the last 24 hours. This has seen the popular dog-themed meme token record a massive 91.5% drop in SHIB’s large transaction volume in just…
On the eve of a U.S. House of Representatives hearing to scrutinize a bill to establish rules for the crypto markets, Democrats said they’ve been stymied from seeking technical information about its effects from the U.S. Securities and Exchange Commission, according to staffers. Regulatory agencies such as the SEC routinely give technical analysis to lawmakers, answering questions about the potential effects of legislative efforts such as the Digital Asset Market Clarity Act that would establish regulatory guardrails for digital assets. Democratic staff on the House Financial Services Committee submitted questions to the SEC about the bill and in a briefing…
A significant event has just unfolded in the cryptocurrency space, capturing the attention of market watchers and on-chain sleuths alike. A newly created Anonymous wallet has made a massive withdrawal of TRUMP token from the Binance exchange, totaling an eye-watering $4.53 million. This isn’t just any everyday transaction; it’s a Large crypto transaction that immediately sparks questions about who is behind the wallet and what their intentions might be. What Exactly Happened? Unpacking the Binance Withdrawal The details of this intriguing movement were first brought to light by the on-chain analytics platform, Onchain Lens. According to their report shared on…
Berachain is gearing up to be the first non-Ethereum Layer-1 blockchain to fully activate Pectra’s new execution-layer features. Its Bectra hard fork goes live Wednesday, giving more than 100 apps on the chain access to tools that could enhance how users and developers interact with the platform. This a step forward for Berachain, an EVM-identical chain that uses a unique Proof-of-Liquidity consensus model. Because Berachain’s consensus model is different from Ethereum’s, it doesn’t include Pectra’s consensus changes. But since it’s EVM-compatible, developers don’t need to rewrite existing contracts — a relief for the 200-plus apps already live on the network.…
An analyst known for making timely Bitcoin calls believes that BTC is poised to witness steep rallies in the coming months. In a new video, trader Kevin Svenson tells his 83,200 YouTube followers that Bitcoin appears to be in the final stages of a parabolic trend that began in 2023. According to Svenson, Bitcoin could ignite a fresh leg up once it takes out its final resistance area at around $110,000. “It’s going to be a really epic next few months if we do get this breakout, because we are still following the parabolic trend to this day.” Svenson believes…
Ether is demonstrating renewed strength after bouncing from a crucial support zone near $2,584. The cryptocurrency recovered quickly from its recent dip, stabilizing above $2,620 as it absorbs broader macroeconomic pressures tied to ongoing US-China trade tensions and policy uncertainty. Despite these external headwinds, technical indicators remain constructive, and institutional demand continues to build. Weekly spot ETH ETF inflows have reached new 2025 highs, pointing to growing long-term conviction. The price structure has held firmly above key moving averages, with a sequence of higher lows in place since April, reinforcing market confidence. Analysts note that ether may be nearing a…
Several reports suggest that retail investors who bought the Nvidia dip are now selling. Traders are asking whether they will use their profits to buy crypto. Retail investors are taking profits from their Nvidia purchases, while institutions continue to buy. According to a report by Vanda Research, retail investors dumped $258 million of Nvidia stock during the week ending on June 4. Many retail investors made significant gains from their Nvidia investments between 2023 and 2024. Now, they appear to be searching for new opportunities, according to a sentiment survey by Vanda Research. Retail sentiment has sharply dropped in 2025,…