Author: NBTC

Bitcoin’s price is still struggling to regain its upward momentum following the establishment of a new all-time high above $111,000 last week. Today, Bitcoin trades below $106,000 with a current trading price of $105,381, marking a 1.2% increase in the past day and a 5.8% decrease from its peak. The current movement suggests a cooling-off period as traders and analysts monitor for potential market reentry points. Despite the price retreat, the mood across the market remains relatively stable, with the Crypto Fear & Greed Index still hovering in the neutral zone. This suggests that the market is yet to enter…

Ethereum price today: $2,420 Ethereum spot and derivative markets have experienced slow movement, with investors exhibiting less buying activity over the past few days. Ethereum has seen growth in network usage despite prices remaining range-bound. ETH faced rejection at the $2,500 level after posting an inverted hammer. Ethereum (ETH) is down 1% in early trading hours on Friday, as market activity remains cautious following low realized profit and loss, along with steady open interest. Despite this, Ethereum’s network usage has rebounded, with transaction counts rising from 1.23 million to 1.75 million on Wednesday, spurred by an increase in active addresses.…

Marshall Long, an OG bitcoiner, recounted how he had to resort to stablecoins to send a remittance to a worker’s family in Iran. Long noted that stablecoins, rather than bitcoin, are more useful during times of strenuous conflict due to the availability of fiat ramps. Stablecoins, Not Bitcoin, Completed This Tricky Remittance A story posted on social media highlighted the relevance of stablecoins over bitcoin as wartime tools for remittances. Marshall Long, an OG bitcoiner and current Director of Product Development at Auradine, shared how he had to resort to stablecoins to complete remittances to Iran, a country embroiled in…

Iran has been mining and trading in cryptocurrencies out of necessity due to major global sanctions and a local currency that has dwindled in value due to severe inflation since at least 2019. However, experts told Decrypt it’s still nearly impossible to estimate its holdings. The University of Cambridge’s Center for Alternative Finance estimated that the nation accounted for 7.5% of Bitcoin’s hashrate in March 2021, a figure that fell as low as just 0.12% in January 2022. Throughout its history, Andrew Scott Easton, founder and CEO of Bitcoin miner fund Masterminded, estimated that the country has mined approximately 60,000…

The prominent investment analysis platform, Alphractal, forecasted that the Realized Cap Impulse of Bitcoin is expected to rise till October, which would be “the last major impulse” before entering a prolonged bearish cycle. According to the post on X, this bear cycle is expected to last for about one year, extending until the end of 2026. The Realized Cap Impulse has maintained its levels “perfectly”, which is considered to be the final base of support for the cryptocurrency. “As long as it stays above this zone — both in the short and long-term outlook — it signals clear demand, which…

It’s been a rocky year for Ethereum (ETH) holders. The world’s second-largest cryptocurrency has declined 26.73% year-to-date and is currently trading 29% lower than it was a year ago. At $2,445.14 per token, ETH is down another 4.03% just this week. While institutional money continues to flow in (Spot Ethereum ETFs pulled in $741.7 million in the last two weeks), the technical picture appears shaky. ETH recently pushed above $2,520 but has since pulled back, with analysts eyeing potential support around $2,320. Still, if you had the good sense to buy Ethereum three years ago, you’d be sitting pretty today.…

Russia’s digital ruble is poised for explosive mass adoption by 2026, as expanded pilots, surging participation, and robust infrastructure lay the foundation for a sweeping financial transformation. Digital Ruble Set to Reshape Russia’s Economy With Full Rollout Slated for 2026 Russia’s central bank digital currency (CBDC), the digital ruble, is advancing toward becoming a key component of the nation’s financial system. Chairman of the State Duma Committee on Financial Market Anatoly Aksakov disclosed in an interview with Tass on June 18, ahead of the St. Petersburg International Economic Forum, that mass adoption of the digital currency is now slated for…

Floki, a well-known meme token project, has recently started a new collaboration with Method, a worldwide famous esports platform dealing with MMORPG genre. As included in this partnership, Floki intends to bring its top play-to-earn MMORPG, Valhalla, to the MMO community. The platform took to social media to reveal this significant development. Floki Teams Up with Method to Bring Valhalla to the Heart of the MMO CommunityWe’re excited to announce a strategic partnership between Valhalla, our flagship play-to-earn MMORPG, and @method, one of the most iconic and respected names in the global MMORPG esports scene.… pic.twitter.com/avlJ4AnAYQ — FLOKI (@RealFlokiInu) June…

Analytics account on the X social media network (formerly known as Twitter), Lookonchain, has spread the word about a significant amount of Ethereum transferred to an anonymous wallet earlier today. Ethereum Foundation, which made the transaction, is a non-profit organization that supports various projects on the Ethereum blockchain. Meanwhile, over the past 24 hours, the second-largest cryptocurrency, Ethereum, has shown a volatile price trajectory. After a 3.7% decline, ETH rebounded, going up by 1.62% and is changing hands at $2,440 at press time. Ethereum Foundation transfers 9,000 ETH over past month Today, the Foundation moved 1,000 ETH worth $2.45 million.…

U.S. national debt has surpassed $37 trillion for the first time in history. The debt has surged as policymakers increased government spending and implemented stimulus measures. Head of U.S. rates strategy at TD Securities, Gennadiy Goldberg, said that the crux of the $37 trillion problem is that no one knows at what level the debt becomes unsustainable. Treasury Secretary Scott Bessent acknowledged that the U.S. government has a spending problem, not a revenue problem. U.S. spending bill threatens to increase national debt The U.S. national debt just passed $37 trillion dollars. This is unsustainable. Tick, tock. pic.twitter.com/KYIwaZaQXJ — Natalie F…