Author: NBTC
How will the recent market crash impact Ethereum price prediction? Experts weigh in on potential outcomes. Table of Contents What’s next for Ethereum? Experts take on what is brewing? Ethereum price prediction: a bounceback possible? FAQs The crypto market experienced extreme turbulence over the past 24 hours. Bitcoin (BTC), the leading cryptocurrency, plummeted to a new low of $53,700 on July 5. The market-wide sell-off intensified following reports that Mt. Gox, the infamous collapsed crypto exchange, transferred over 47,000 BTC (worth approximately $2.6 billion) to a new wallet in preparation for a large-scale payout totaling about 142,000 BTC (valued at…
In June, the U.S. Federal Reserve said inflation had shown signs of easing but remained above its 2% target range, according to minutes released on Wednesday. U.S. economic activity has continued to expand at a solid pace, though growth in Real Gross Domestic Product for the year is expected to be below the strong pace recorded in 2023. Declining inflation is desirable for risk assets, including Bitcoin, as it would give the Fed confidence to begin lowering interest rates this year — effectively making the cost of borrowing cheaper. In the short term, crypto prices may continue to feel the…
In a remarkable display of market activity, a prominent crypto whale has recently made significant moves in the FTM market, signaling potential bullish sentiment among investors. This individual withdrew a substantial 2.96 million USDC from Aave and utilized 2.23 million USDC to acquire 2.82 million FTM at $0.79 each, leaving them with 736,000 USDC. This transaction coincides with a slight recovery in FTM’s price, which is currently at $0.806, up 2.6% over the last 24 hours, following a two-week 8% downturn. Whale Activity Sparks Market Interest The transaction details provided by Lookonchain highlight the strategic maneuvers often employed by large-scale…
The cryptocurrency market is currently under selling pressure, with Bitcoin, the biggest digital currency, dropping below the $62,000 mark. This downturn has placed approximately 5.1 million Bitcoin addresses in a precarious position, potentially risking losses. According to IntoTheBlock data, 5.1 million Bitcoin addresses, roughly 10% of the total addresses, bought BTC above $62,000 and the ATH of $72,500. Bitcoin traded above $62,000, around $62,540, at the time of IntoTheBlock’s post. 5.1 million Bitcoin addresses, roughly 10% of the total addresses, bought $BTC between the current price and the ATH of $72,500. pic.twitter.com/XNQUIT2iYJ — IntoTheBlock (@intotheblock) May 13, 2024 At the…
A closely followed crypto analyst is issuing a warning to investors saying that smart contract platform Ethereum (ETH) could plummet by up to 26%. Pseudonymous crypto strategist Credible Crypto tells his 402,300 followers on the social media platform X that the top altcoin has likely not yet found a market bottom. The analyst looks at ETH’s open interest (OI) – which tracks the total number of outstanding derivatives contracts for a given asset – and believes it remains overweight despite Thursday’s price collapse. “When we look at OI in coin terms (below) we can see that the big flush on…
Kavak, one of the largest Latam-based startups in the used car business, has issued tokenized debt to invest in the Brazilian car market. According to local sources, the company has already tokenized almost $1 million in commercial notes using Liqi, a tokenization platform, and aims to issue over $5 million. Kavak Bets on Tokenized Debt to Attract $5 Million in Capital Tokenized debt offerings are becoming a reality in Brazil. Kavak, a Mexico-based used car market-focused startup, has issued debt for almost $1 million using tokenized notes to obtain liquidity and working capital in Brazil. The offering, which was intermediate…
General Updates Neo announced ZNS Connect as the first naming service partner on the Neo X sidechain. The partnership is intended to enhance Neo X’s user-friendliness by bringing a reliable domain name service to the network. In addition to Neo X, the name service provider also supports BNB Chain, Polygon, and OKX L2. Neobox announced a partnership with Aura Commerce, a cross-chain gaming marketplace that allows users to find new games, simplifies payments, and offers developer tooling and SDKs. Through the partnership, the teams aim to host tournaments on the Neo blockchain. Additionally, Neobox integrated TestNet support for the Neo…
Cofounder of Gold Bullion International and 10T Holdings Dan Tapiero has taken to his official account on the X platform to share a bullish Bitcoin price prediction. He tweeted that the setup on the charts is beginning to look “scary bullish for Bitcoin.” “Scary bullish for Bitcoin” Sharing two Bitcoin charts in his tweet, Tapiero stated that these are “starting to look scary bullish for Bitcoin.” In the near future, the investor expects the world’s flagship cryptocurrency to break above the $65,000 level and then head on to $90,000, and then even higher. Tapiero tweeted that the current sideways consolidation…
What’s happening? This past week Ethereum has witnessed a massive sell-off crisis, with the price dropping below $2,900. A recent report by CoinShares highlights that Ethereum has experienced a massive capital outflow, the largest since August 2022, with total losses amounting to $119 million over the last couple of weeks. This cointinues a trend from a week ago, when Ethereum’s price dropped from a high of $3887 to a low of $3232, marking a 16.9% loss. Even though ETH’s price may be stagnating at the moment, a surge in staking indicates that existing users believe in the long-term potential of…
Venture capital investments in crypto continued to rebound in the second quarter, with a total $3.2 billion invested during the period — up 28% compared to $2.5 billion in the previous quarter, according to Galaxy Digital latest research report. The report also identified a 94% quarterly surge in median pre-money valuation, which rose to $37 million from $19 million in the first quarter. Galaxy noted the second quarter’s median pre-money valuation is the highest since the fourth quarter of 2021 and represents an almost all-time high. It attributed the surge to a more competitive market, giving companies greater negotiation leverage…