Author: NBTC
As is frequently the case whenever assets such as Bitcoin (BTC) trade uncharacteristically highs or experience a rapid plunge, many investors turn to their short ratios to try and gauge the overall market sentiment and detect possible causation. The world’s premier cryptocurrency is in such a situation at press time on January 10 as it has been trading with significant volatility in recent weeks and has, so far, failed to find a stable footing above the critical psychological level above $100,000 in 2025. Most recent data from the world’s largest cryptocurrency exchange by trading volume, Binance, however, reveals that the…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Bolstered by Big Tech, US equities were on the road to recovery after yesterday’s tariff-fueled rout. The Magnificent Seven stocks were in the green midway through the session, with Meta and Alphabet as the big winners. Meta is now riding a record 12-session winning streak while Alphabet saw positive momentum ahead of the company’s earnings release later today. We’re about a third of the way into earnings season and results have been fairly solid. As of last Friday, when 36% of S&P 500 companies had reported,…
WikiBit, a global crypto regulatory info provider, has announced its strategic partnership with SunPump. It marks an exciting development to redefine the landscape of memecoins. This alliance paves the way for investors and memecoin enthusiasts to host a new era of transparency, enjoyment, and fairness. SunPump is a leading platform for memecoin launch on the TRON network. Combining their expertise both FinTech are aimed to revolutionize the memecoin launches on TRON. 📢Partnership Announcement WikiBit Official is thrilled to announce a partnership with SunPump!@sunpumpmeme is the first memecoin fair launch platform on TRON. Get ready for a new era of transparency,…
The launch of Bitcoin ETFs in January 2024 was heralded as a groundbreaking moment for the market. Many expected these products to open the floodgates for institutional capital and catapult Bitcoin prices to new heights. But now, a year later, have Bitcoin ETFs delivered on their promise? For a more in-depth look into this topic, check out a recent YouTube video here: Have Bitcoin ETFs Lived Up to Expectations? A Strong Start Since their launch, Bitcoin ETFs have accumulated over 1 million BTC, equivalent to approximately $40 billion in assets under management. Even when accounting for outflows from competing products…
The NFT sector is reportedly going through a robust uptrend. As per the data from CoinGecko, the NFT realm has outpaced the crypto assets with the 24-hour upsurge of 10.7% in total market capitalization while crypto realm’s stands at 5.6%. The crypto data aggregator took to social media to provide the details of the latest NFT growth. Gm geckos 💚NFTs look greener than cryptocurrencies today, with their market cap up 10.7% compared to the total crypto market cap, which is only up 5.6% in the last 24 hours. pic.twitter.com/7jJWAANMVO — CoinGecko (@coingecko) February 4, 2025 NFT Sector Outperforms Crypto Sector…
Today, the broader digital asset market experienced a slight recovery after significant slumps in the past few days. Its broader market valuation witnessed a 2.57% increase to $3.21 trillion. However, its market volume saw a 23.62% decrease to $241.16 billion. Meanwhile, the fear and greed index responded positively, as it surged to 72, highlighting improved investor enthusiasm in the digital asset market. The recovery came after US President Trump temporarily halted a recent proposal to introduce heavy taxes on goods imported from Canada and Mexico. Since Saturday, the plan to impose such hefty tariffs triggered fear in the global markets,…
XRP’s network has recently garnered much attention among the community, and on-chain metrics show that large-value transactions are on the rise. As reported by Ali Martinez, an on-chain analyst, the number of transactions on the network has risen to above $1 million in the last few days. According to Martinez, within one day, Santiment registered 341 transactions of more than $1 million. These high volume value transfers are believed to be made by XRP whales, individuals or entities with large number of XRP holdings. Their entry demonstrates a pick up in market participation and confidence. XRP price new high XRP…
In these days, the price of Bitcoin (BTC) is floating in a sort of Limbo where it is difficult to understand which direction it wants to take. In some ways, it indeed seems to be able to awaken, but in others, it seems heavily hindered by external factors. The result is that it is not clear where it wants to go, even though to be honest the short-term sentiment seems quite negative. The Limbo of Bitcoin (BTC) Price The decline in the price of Bitcoin (BTC) A period of accumulation? A possible rebound in the price of Bitcoin (BTC)? The…
Tether Hits $13 Billion Profits for 2024 And All-Time Highs in U.S. Treasury Holdings, USD₮ Circulation, and Reserve Buffer in Q4 2024 Attestation Read more: https://t.co/1CRfIK5XR0 — Tether (@Tether_to) January 31, 2025 Paolo Ardoino, the head of the firm, specified that $6 bln was earned in the last quarter alone. The company’s direct and indirect investments in U.S. Treasuries reached a record high of $113 billion. For the fourth quarter of 2024, Tether issued $23 billion worth of USDT, increasing its total issuance to $45 billion by the end of the year – comparable to Circle’s USDC capitalization. Excess Stablecoin…
Bitcoin, the top cryptocurrency by market capitalization, recently secured 13 green hourly candles in a row, according to data provided by Vetle Lunde of K33 Research. Notably, this is the longest streak of green houry candles recorded by the flagship cryptocurrency since Jan. 1, 2017. Blockstream CEO Adam Back believes that this could be time-weighted average price (TWAP) buying. “Someone big or institutional buying. Not sure who would sell to them at these prices though!” he said on social media. He further suggested that MicroStrategy co-founder Michael Saylor or an institutional player could be using this dip in order to…