Author: NBTC
A recent unexpected move by Bitcoin completely changed the mood of the market almost immediately. In one of the biggest one-day turnarounds in recent weeks, spot Bitcoin ETFs saw a whopping $422 million in net inflows on May 1. BlackRock’s IBIT led the charge with $351 million, demonstrating that institutional confidence is still very much alive and well despite subdued flows from last week. The technical performance of Bitcoin is in line with this ETF-driven surge. Bitcoin is currently trading at about $96,681, above all three of the major moving averages: the 50 EMA, 100 EMA and 200 EMA. As…
Former BitMEX CEO Arthur Hayes, known for his bold predictions for the Bitcoin and cryptocurrency markets, has announced his new Bitcoin (BTC) and Ethereum (ETH) predictions. Speaking recently on the Bankless YouTube channel, Arthur Hayes detailed the strategy of his company, the Maelstrom Fund, and while he expects a strong rally in Bitcoin, he warned that there will be a sharp correction before the 2025 peak and announced his Ethereum price forecast. First, Hayes said that the Maelstrom Fund is largely backed by two major cryptocurrencies. Stating that these are Bitcoin and Ethereum, Hayes said that they consist of 60…
Some $15 billion worth of crypto assets have been transferred out of Kazakhstan as a result of insufficient regulations, the country’s central bank revealed. The announcement comes as financial authorities in Astana prepare to adopt comprehensive rules that will legalize and govern cryptocurrency investments and trading. Kazakhstan loses billions of U.S. dollars’ worth of digital currency Crypto assets for around $15 billion have been withdrawn from Kazakhstan, according to an estimate produced by the Central Asian nation’s monetary authority. The central bank’s Deputy Chairman Berik Sholpankulov unveiled the staggering total to local media this week, attributing the “leak,” in his…
Polygon’s native cryptocurrency, POL, is trading around $0.258 as of May 13, 2025 — still far from its all-time highs and struggling to gain strong upward momentum. Despite broader market volatility, Polygon (POL) has been busy building. The network is rolling out major upgrades that it hopes will reshape its future, including a new token and infrastructure aimed at making Ethereum (ETH) faster and cheaper. Polygon is best known as a “Layer 2” network for Ethereum. That means it helps scale Ethereum by moving activity off the main blockchain, while still using its security. But now, Polygon is moving beyond…
Four new crypto-related bills were introduced in the Michigan House late Wednesday, joining a growing trend of state-level efforts to define the role of digital assets in public policy. Rep. Bill Schuette’s (R-MI) House Bill 4510 seeks to allow Michigan’s state treasurer to invest retirement funds in crypto, provided they averaged a market cap of at least $250 billion over the previous year and are held through exchange-traded products. That threshold effectively narrows eligibility to Bitcoin, which soared past $111,000 on Wednesday and set a new all-time high amid renewed institutional interest. Assets must be held through exchange-traded products issued…
⚈ Bitcoin supply held at a loss has dropped from 25% to 11% in May.⚈ Over 2.17 million BTC, worth $210 billion, are still held at a loss.⚈ BTC nears $97,000, with a 3.26% weekly gain and a possible $100K retest soon. Bitcoin (BTC) staged a move past $90,000 on April 22 following significant inflows — most of which came from retail trading. While the leading cryptocurrency has approached $97,000 it has struggled to hold that level despite positive recent price action. In tandem with the increase in price, the proportion of BTC supply currently being held at a loss…
BNP Paribas AM launched a money market fund with shares issued natively on blockchain infrastructure. The tokenized fund allows near-instant order execution and real-time transaction visibility for investors. BNP Paribas Asset Management (BNPP AM) has launched a class of money market mutual fund shares that live directly on the blockchain, aka natively tokenized. This is not just a digital patch of traditional assets, but a new form that was created from the start to live and operate fully on a DLT (Distributed Ledger Technology)-based system. Interestingly, this process is not just about technology. These shares are traded and settled directly…
A Solana meme coin trader turned $332—or less than 2 SOL at the time—into nearly $190,000 by trading a newly launched meme coin called Gooncoin over the past 24 hours. The GOONC token was introduced late Monday night via Believe App’s “Launch Coin” mechanism, which allows any X (formerly Twitter) user to create a Solana token in a post that tags the Launch Coin account. Since debuting, the token has skyrocketed 70,000% to a $54.6 million market cap. @launchcoin + gooncoin — Pata van Goon (@basedalexandoor) May 13, 2025 Within minutes of Gooncoin’s start, a trader with the Solana address…
A new report from the American Bankruptcy Law Journal reveals how Trump’s approach to crypto regulation helped boost the value of XRP. Written by Jessica G. McKinlay, an assistant professor at the University of Idaho College of Law, the report discusses how changes in political decisions helped the crypto scene, and why investors, especially those in XRP, are still feeling the effects. Crypto Investors Deserve Better Protection The report, spotlighted by crypto researcher SMQKE, focuses mainly on the legal side of the crypto market, especially what happens when exchanges like FTX go bankrupt. It pointed out that many investors discovered…
2025 is shaping up to be a pivotal year for Bitcoin, with institutional giants and hedge funds offering bold price predictions for the leading cryptocurrency. Ranging from $122K to as high as $700K, these forecasts are built on growing institutional trust in Bitcoin as a hedge against unstable fiat currencies. Here’s a breakdown of the top predictions and the rationale behind them. Bitcoin Price Outlook for 2025: Market Trends While 2025 has seen volatility in the Bitcoin market, the overall sentiment remains bullish. In the first month, Bitcoin experienced a 9.54% rise, followed by drops in February and March of…