Author: NBTC
Crypto whales significantly impact market trends by offloading substantial amounts of Bitcoin (BTC) and Ethereum (ETH). Recent data indicate a continued pattern of these extensive sales, totaling over $148 million in crypto, moved to various exchanges for probable liquidation. Since last week, Bitcoin has been trying to recover after dipping to $58,500. Attempts to rally were evident; Bitcoin nearly reached $64,000 on Monday. However, increased selling pressure forced prices below $63,000. Bitcoin ETFs Recorded $129 Million in Inflows While Crypto Whales Sell On Monday, a prominent crypto whale linked to the wallet address 3G98j transferred 1,800 BTC valued at $114…
With the recent shift in market sentiment, options traders now expect more significant price movements for Bitcoin compared to Ethereum. This change reflects a potential preference for BTC over ETH in the short term. The highly anticipated trading of Ethereum spot ETFs began on Tuesday. However, the expected market volatility did not materialize. Analysts from QCP Capital noted that Bitcoin options now have higher implied volatility than ETH options. This observation suggests that investors expect further price movement for BTC in the short term. “Ethereum volatility has sold out across term structures and ETH’s BTC vols premium on the front…
Prominent crypto wallet tracking platform Whale Alert has detected two hefty cryptocurrency transactions, which carried a tremendous amount of Dogecoin each — an equivalent of over $50 million in DOGE. Both transfers were conducted with a difference of just one hour between them and both were made from the popular investment platform Robinhood. Details revealed by this data source show that whales have become active as of late, scooping up mammoth amounts of DOGE this week. 800 million DOGE moved in single hour Earlier today, Whale Alert shared the details of two crypto transactions that carried 400,000,000 DOGE. They followed…
(Full disclosure: I’m helping build Coinbits.app, a bitcoin banking platform.) Bitcoin Bitcoin policy will play an important role in the coming years. We live at an unusual time when bitcoin is still new enough that few of those in government understand it, but it is already well established industry and critical to the continued competitiveness of the United States. Technology experts and other stakeholders can and should help ensure government policies and regulations accelerate the industry rather than undermine it. Former President Trump seems to understand this, as shown in his call for a bitcoin advisory group within the Executive…
The Bitcoin community has been busy speculating about billionaire Michael Dell potentially buying the biggest cryptocurrency. This comes after the founder of one of the biggest tech companies indicated that he prefers actions over words on his social media profile. Danny Scott, the CEO and co-founder of UK-based cryptocurrency exchange CoinCorner, recently tweeted that “everything” is pointing to a Bitcoin buy. Everything pointing to a #Bitcoin buy here 👀 — Danny Scott ⚡ (@CoinCornerDanny) July 1, 2024 Dell has been teasing the Bitcoin community with rather ambiguous social media posts for quite a while. It all started with him posting…
Ahead of impending film and music releases, Ethereum NFT-based project Doodles announced the launch of DoodlesTV Super Pass on Tuesday, with the pass now available for minting on Coinbase’s Base—an Ethereum layer-2 scaling network. The launch comes after Doodles’ recent migration of its Stoodio character customization platform from Flow to Base. It is open for minting today for .0021 ETH, or about $7 at present. DoodlesTV is a platform designed to offer exclusive content, premieres, and viewing events for holders. Season owners of the DoodlesTV Super Pass will have early access to content, including three music videos before they are…
US spot Ethereum exchange-traded funds (ETFs) have seen a decline in net inflows after a strong start with almost $107 million. According to data from Farside Investors, investors withdrew around $133 million from these products on the second day of trading. Fidelity’s Ethereum Fund (FETH) outpaced BlackRock’s iShares Ethereum Trust (ETHA) to become the day’s leader with $74.5 million in net inflows. Meanwhile, BlackRock’s fund took in nearly $17.5 million on Wednesday. Source: Farside Investors On the first day of trading, ETHA led the pack with over $266 million. ETHA’s flows and additional inflows from seven other Ethereum ETFs managed…
Popular cryptocurrency tracker Whale Alert spreads the word about a dormant BTC whale coming back to activity. The last time this wallet happened to show some activity was thirteen years ago. Dormant and active whales selling Bitcoin Back then, in 2011, the shadow of the mysterious Bitcoin creator Satoshi Kusama was still in the air as it was just a year after he had went under the radar. The awakened wallet whose re-emergence was spotted by Whale Alert contained 33 Bitcoins, which is the equivalent of $2,142,474 under the current BTC exchange rate. 💤 A dormant address containing 33 #BTC…
CME ether futures see record open interest as spot ETFs start trading in the U.S. Volumes surge as ETFs open door for both directional and non-directional traders. Activity in Chicago Mercantile Exchange’s (CME) ether (ETH) futures reached new heights on Tuesday as the debut of spot ETH exchange-traded funds (ETFs) in the U.S. galvanized investor interest in the second-largest cryptocurrency. The so-called open interest or the number of active bets in standard ether futures rose to a record of 7,661 contracts, equaling 383,650 ETH and $1.4 billion in notional terms, the exchange said in an email to CoinDesk. The previous…
Anthony Scaramucci, a prominent financier and the founder of SkyBridge Capital, recently expressed support for Bitcoin policies showcased by Donald Trump during his keynote address at the 2024 Bitcoin Conference in Nashville. However, Scaramucci also acknowledged potential risks associated with Trump’s overall approach. “I agree with every single thing that [President] Trump said related to Bitcoin. Moreover, I praised him from the stage yesterday on forcing the issue and bringing Bitcoin into the center, and I am hopeful that Bitcoin will be bipartisan,” Scaramucci said in a statement. “But I am not a single voter, and I understand the danger…