Author: NBTC
Bitcoin, the first and most popular cryptocurrency, has been making headlines with its recent surge to a new all-time high of over $72,000. This remarkable price increase has sparked renewed interest in Bitcoin as an investment opportunity, leaving many wondering what this means for their financial future. Investors may see this surge as a validation of Bitcoin’s potential as a long-term store of value and may allocate more of their portfolio to cryptocurrencies. However, the rapid rise in price may also raise concerns about potential volatility and the sustainability of such gains, prompting investors to carefully evaluate the risks before…
Extraordinary values were detected in the transaction volumes of some altcoins on Upbit, South Korea’s largest and the world’s second largest cryptocurrency exchange. The 4-hour chart for Pyth Network (PYTH) showed a significant increase in trading volume. On Upbit, 4-hour average 50 volume of $19 million rose to $47 million, an increase of 143.89%. Meanwhile, volume on Binance rose from an average of $13 million to $16 million, representing a 28.67% increase. The 1-hour chart for 0x Protocol (ZRX) also reported unusual trading volumes. On Upbit, the $13 million 1-hour average 50 volume jumped to around $40 million, a whopping…
In a recent statement, Adam Back, CEO and cofounder of blockchain technology firm Blockstream, expressed optimism about the Bitcoin Exchange-Traded Fund (ETF) launched earlier in January. Back’s bullish statement on Bitcoin ETF Taking to the X platform, Back offered a bullish stance on Bitcoin ETF, stating, “The Bitcoin ETFs are still not priced in.” Back outlined many major points that contribute to his bullish stance on Bitcoin ETFs. First, he mentioned that bankruptcies are running out of Grayscale’s GBTC in just a few days of the ETF launch. Furthermore, Back highlighted an influx of capital into Bitcoin ETFs, with buy…
The gas tokens are used to pay for the transactions on the Neo blockchain. Last year, an event caused a surge in the GAS price by up to 300%. The cryptocurrency market is in a bullish trend and it is pulling underlooked tokens like the GAS. The GAS price is up 11% in the past 48 hours and bulls are looking to break past a significant level. Gas Tokens Cryptocurrency users pay fees to process transactions on the blockchain. One type of cryptocurrency that is used to pay for fees on the Neo blockchain is gas tokens. Gas tokens are…
In anticipation of the fourth Bitcoin halving scheduled for mid-April, Coinbase Institutional has released a primer for investors. The Bitcoin halving, occurring every four years or upon mining every 210,000 blocks, will see miner rewards halve from 6.25 to 3.125 bitcoin per block upon reaching the 840,000 block. The document aims to guide institutional investors by examining the impact of previous halvings and incorporating the recent developments in the cryptocurrency market, such as the introduction of Bitcoin ETFs and Bitcoin’s ascent to unprecedented heights before the halving. Historically, Bitcoin has experienced significant valuation increases in the months following past halvings.…
A rush of user activity on the Solana blockchain network is bringing with it some considerable challenges. Among them is chain congestion so great that it has prompted stakeholders within the blockchain ecosystem to consider major changes to the network’s operations. At the same time, a significant increase in DeFi activity has given way to malicious actors who seek to exploit the network’s low fees at the expense of other users. In an effort to address the latter concern, Jito Labs, the Solana infrastructure developer, announced Friday evening that it was shutting down its mempool—one of the company’s key offerings—after…
Analyst Capo of Crypto, who was previously known for his extremely bearish statements, but whose views have softened with the recent rise of Bitcoin, evaluated BTC in his statement. The analyst claimed that if the BTC price cannot exceed the $ 69,000 limit, there may be a drop below $ 60,000, the liquidity in that region can be taken, and then the rise may continue. il Capo described the recent recovery in BTC price as a “dead cat bounce” and claimed that it was driven by futures rather than the spot market. According to the analyst, a clear breakout above…
Toncoin’s price surged by 23.46% in the last 24 hours, reaching $3.58. Projects within The Open League witnessed substantial user growth and a 60% increase in TVL. Technical analysis indicates bullish momentum for Toncoin, though caution is advised due to an overbought RSI. Toncoin (TON) has recently experienced a remarkable surge in its value, marking a significant upward trend in the cryptocurrency market. It is currently trading at $3.58, witnessing a notable increase of 23.46% within the past day. The growth of Toncoin is further underscored by the flourishing projects within the TON blockchain ecosystem, particularly those within The Open…
The Bitcoin (BTC) price is on the ropes once again, struggling to gain enough bullish momentum. Earlier this Thursday, the largest cryptocurrency slipped below the $65,000 level on major spot exchanges, according to data provided by CoinGecko. Over the past four hours alone, more than $37 million worth of long positions have been liquidated, CoinGlass sta shows. However, short positions are still in the lead by liquidations over the past 24 hours, nearing $120 million. A short-lived bounce On Wednesday, Bitcoin bulls gathered enough strength to convincingly push the price of the largest cryptocurrency above the $67,000 level following dovish…
Coreum has now launched its XRP Ledger (XRPL) bridge, allowing network participants to move XRP from the XRPL to Coreum, the Cosmos ecosystem, and other supported EVM-compatible chains. Reza Bashash, the co-founder of Coreum and Sologenic, first spotlighted this functionality in a recent post on X. Bashash shared a snapshot of the XRP dashboard on the official Coreum explorer, showing that the Coreum network is now home to 1.2 XRP tokens. 👀 pic.twitter.com/VPCBDAko5w — Reza Bashash (@rezabashash) March 12, 2024 Coreum has been hinting at the imminent release of its comprehensive XRPL bridge since last year amid the success of…