Author: NBTC
Data suggests large institutions in the United States aggressively purchased BTC during the Bitcoin crash to the $94,000 mark. Over the past 24 hours, the crypto market has witnessed significant turbulence, as rapid market fluctuations have led to substantial losses. However, amid the chaos, a class of investors appears have doubled down on their convictions. While the crypto market was thrown into a brief panic as Bitcoin experienced a sharp decline from the $97,000 price point to near $94,000, data suggests that institutional investors were aggressively buying. US Institutions Leverage the Bitcoin Crash This is according to a December 10…
The higher MicroStrategy (MSTR) climbs, the more eyes it attracts. As the company’s market capitalization has swelled, veterans of finance are questioning its growth prospects — including some of its fans’ unique or redefined financial terms. For example, a chartered financial analyst created a video questioning whether MicroStrategy’s supposed “bitcoin (BTC) yield” metric might have pyramid scheme mechanics. Many other critics have called the Michael Saylor-led BTC acquisition company a type of pyramid scheme. Unlike a pyramid scheme, however, MicroStrategy doesn’t guarantee returns, distribute dividends, promise earnings from equity investment, or make any payouts to later investors from the proceeds…
Hedera faces a 43% drop over six months but could rise 30% if it surpasses resistance. Notcoin maintains a strong upward trend with a 293.49% increase over six months. Pepe gains 81.14% over six months, with a bullish outlook for continued growth. Hedera (HBAR), Notcoin, Pepe, Terra Classic, and NEIRO are making headlines in the crypto market, each displaying unique price movements and potential opportunities. While some coins show signs of struggle, others are riding strong upward trends. In this market analysis, we explore how these cryptocurrencies are faring, their recent performance, and what the future may hold for investors…
Elon Musk has criticized the U.S. SEC for being a “weaponized institution” in a recent post on X The SEC is just another weaponized institution doing political dirty work https://t.co/5w9ajcS6bf — Elon Musk (@elonmusk) December 12, 2024 Both Ripple CEO Brad Garlinghouse and Ripple CTO David Schwartz reacted to Musk’s post. What he said 👇 https://t.co/sHs1aLkf8Z — Brad Garlinghouse (@bgarlinghouse) December 13, 2024 👍 https://t.co/LIVaB2xkrj — David “JoelKatz” Schwartz (@JoelKatz) December 12, 2024 Musk’s critique comes after the news that the Fifth Circuit en banc, in an opinion by Judge Andrew Oldham, holds that the SEC acted unlawfully in approving…
HyperGPT, a pioneer in the AI and Web3 industries, today unveiled that it has entered an alliance with Renta Network. The partnership seeks to restore the rental economy worldwide by integrating blockchain, Web3, and artificial intelligence features. 🔥 @RentaNetwork x HyperGPT Partnership AnnouncementHyperGPT is excited to announce a strategic partnership with Renta Network! 🤝Renta Network is a decentralized rental ecosystem leveraging blockchain, Web3, and AI to securely tokenize and rent real-world assets with minimal… pic.twitter.com/0oaL3aiytZ — HyperGPT (@hypergpt) December 12, 2024 A Decentralized Vision for the Rental Market Renta Network, which has pioneered blockchain technologies, is developing an innovative renting…
The founder of Messari insists on holding onto his Bitcoin tokens until the industry firstborn clinches his ambitious price target. In 2024, Bitcoin‘s price has surged nearly 140% from an opening price of around $42,000 to highs above $100,000. Despite this impressive showing, core holders suggest that there are still significantly more gains to come. Among them is the controversial Messari founder Ryan Selkis. Selkis: “Wouldn’t Even Think About Selling BTC Until $180k+” Selkis set a mouthwatering target for Bitcoin in the current bull market. In an X post on Monday, December 9, the prominent crypto figure asserted that he…
Solana’s scalability and low fees position it as a strong alternative to Ethereum, attracting developers and investors alike. Avalanche’s unique architecture supports efficient dApp development, bolstering its presence in DeFi and GameFi sectors. Cardano’s focus on sustainability and upcoming upgrades enhance its market position, appealing to environmentally conscious investors. The cryptocurrency world is rapidly evolving, with Solana, Avalanche, Cardano, XRP, Kaspa, and Filecoin each leading in their areas. Solana excels in fast transactions, Avalanche dominates DeFi and GameFi, and Cardano prioritizes sustainability. XRP is advancing cross-border payments, Kaspa offers high-speed blockchain solutions, and Filecoin leads in decentralized storage.. Solana(SOL) Expanding…
The Senate Banking Committee’s vote on the reappointment of SEC Commissioner Caroline Crenshaw has been rescheduled for next Wednesday after a procedural conflict caused the committee to postpone the original vote, according to FOX Business journalist Eleanor Terrett. 🚨NEW: Two Senate staffers have informed me that @SenSherrodBrown just sent notice there will be a rescheduled markup vote on Caroline Crenshaw Wednesday at 9:30AM. As I said earlier, that will leave two days to get her nomination to a full Senate vote. The drama continues. https://t.co/bWwYpVTau3 — Eleanor Terrett (@EleanorTerrett) December 14, 2024 Minutes before the vote was set to kick…
5ireChain, which is a Layer-1 decentralized, future-proof, and multi-purpose solution platform, is proud to present a partnership with Umbrella Network, a remarkable independent data and oracle provider. This partnership will bring significant benefits to the 5ireChain ecosystem through the integration of real-time price feed information, making it a more robust and active base for dApps. 📣Hey 5irechain Fam👋We’re thrilled to announce that Umbrella Network is partnering with us! 🔗🗣@UmbNetwork will be the exclusive oracle powering the 5ire ecosystem, providing 7 high-frequency price feeds for impactful #dApps.🤝🌐This collaboration blends innovation &… pic.twitter.com/KyCYNObv50 — 5ireChain (Mainnet is live) (@5ireChain) December 12, 2024…
BlackRock’s spot bitcoin (BTC) exchange-traded fund (ETF), tickered IBIT on Nasdaq, dropped on Tuesday as the overheated crypto market cooled and unfounded concern that bitcoin’s security might be compromised by quantum computing percolated across social media. IBIT’s price fell 5.3% to $54.73, the biggest single-day drop since early August, according to data source Investing.com. The bitcoin price fell over 4%, hitting lows under $94,300, as overleveraged altcoin traders were liquidated, leading to bigger losses in the broader market. While such pullbacks are typical in a bull market, Monday’s losses are noteworthy because they came alongside Google’s announcement of its Willow…