Author: NBTC
Bitcoin price failed to recover above the $68,000 resistance zone. BTC is sliding and might decline again toward the $62,000 support zone. Bitcoin price started a decent increase but struggled near the $68,000 zone. The price is trading below $66,000 and the 100 hourly Simple moving average. There is a short-term declining channel or a bullish flag forming with resistance at $66,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $66,200 resistance zone to start a fresh increase. Bitcoin Price Faces Hurdles Bitcoin price attempted a decent recovery wave above the…
An estimated $90 trillion transfer of wealth is now underway as baby boomers begin to give assets to their children – and a new survey shows a massive transfer of debt is happening at the same time. A whopping 46% of Americans expect to pass on some form of debt when they pass away, according to a new survey by Policygenius. The survey shows 58% of people who earn at least $150,000 a year expect their loved ones to inherit their debts when they die. For those who earn less than $150,000 per year, that number drops to 47%. According…
XRP made it to the list of top 10 digital assets that Forbes recommended for cryptocurrency investors this month. Leading media outlet Forbes released its list of the top 10 cryptocurrencies suitable for investment in March 2024. Interestingly, XRP made this month’s list of the top 10 crypto assets worthy of investment. Although XRP is ranked sixth on the list, this does not imply that the coin should be the sixth asset investors need to consider when investing in cryptos this month. It is worth mentioning that the top 10 cryptos were ranked based on their market capitalization as of…
Google is suing a group of alleged scammers who are said to have uploaded fraudulent apps to Google Play. Victims were lured to download the apps with promises of high returns that the lawsuit described as “illusory.” A Google spokesperson described the lawsuit as a “unique opportunity” to set a precedent for how to deal with bad actors. Google filed a lawsuit against alleged crypto scammers claiming they uploaded fraudulent investment apps to Google Play. The lawsuit filed Thursday in the Southern District of New York alleges that Yunfeng Sun and Hongnam Cheung committed hundreds of acts of wire fraud,…
Ondo Foundation’s ONDO has been integrated into the renowned digital assets institution, Nexo. This collaboration marks a milestone for Ondo, a leader in tokenizing real-world assets (RWAs), and signals a new era for investors seeking diversified opportunities in the crypto space. .@OndoFoundation’s $ONDO is available on Nexo! Let’s explore. ⬇️With $225 million in AUM/TVL across their products and holding a 40% market share in tokenized securities, Ondo is a leader in tokenizing real-world assets (RWAs).Compared to traditional financial mechanisms,… pic.twitter.com/pLLSv52GOp — Nexo (@Nexo) April 4, 2024 Unlocking Liquidity and Accessibility with RWAs Ondo’s integration with Nexo brings forth a compelling…
Bitcoin (BTC) hit a 24-hour low of $64,760 on March 21 — just 18 hours after hitting a daily high of $68,120. Most of the drop occurred over a shorter period, as BTC fell 3.2% from $66,906 to $64,760 within three hours. Bitcoin had only slightly recovered above the $65,000 mark as of press time, with downward pressure remaining in the market. The flagship crypto was trading at $65,131 at 8:50 pm UTC with a market cap of $1.28 trillion — representing an overall drop of 3% over the past 24 hours. Despite Bitcoin’s daily lows, its price remains at…
Over the past week, sales volume for non-fungible tokens (NFTs) experienced another week-on-week decrease, marking a 13.72% reduction. This downturn marks the fourth consecutive week of declining NFT sales, a stark contrast to the record-breaking achievements witnessed throughout other sectors in March. During this period, the splendor of trading volumes did not extend to digital collectibles. NFT Sales Slide 13.72% Lower Than Last Week Both centralized and decentralized cryptocurrency exchanges hit peak trading volumes in March, yet marketplaces procuring non-fungible tokens (NFTs) consistently recorded declines week after week. The trend continued through the seven days between March 29 to April…
Goldman Sachs Chief Economist Jan Hatzius has revealed he remains confident in the Federal Reserve’s plan to implement three interest rate cuts this year, despite recent comments from other Fed officials suggesting a wait-and-see approach. In a Friday interview with CNBC, Hatzius expressed his optimism on the U.S. economy, forecasting growth to reach close to 3% in 2024. He believes this robust growth can occur alongside a slowdown in inflation, projecting the core personal consumption expenditures price index to fall to 2.4% by year’s end and 2% in 2025. Notably, Minneapolis Fed President Neel Kashkari recently raised the possibility of…
Renowned crypto surveillance platform Lookonchain has identified a savvy Shiba Inu investor who has transformed barely $4K into a million-dollar fortune. In a recent tweet, Lookonchain called attention to an influential Shiba Inu investor who has moved to take a profit after holding the asset for nearly four years. A $SHIB SmartMoney deposited 200B $SHIB($6.5M) to #Gemini and #Cryptocom to take profits. This SmartMoney spent only 10 $ETH($3,793) to buy 15.27T $SHIB($496M currently) in 2020. He currently holds 2.6T $SHIB($84.4M) and the total profit is ~$127M!https://t.co/BWxcnWuwFR pic.twitter.com/0n0J3M20aV — Lookonchain (@lookonchain) March 12, 2024 Smart Money Acquiring 15T Shiba Inu According…
Amid what seems to be a crusade waged by the United States Securities and Exchange Commission (SEC) against the cryptocurrency industry despite the lack of clear regulatory guidelines, legal expert Bill Morgan has accused the agency of “making sh*t up” as they go. As it happens, the chief legal officer (CLO) at Coinbase, a crypto exchange and the regulator’s current target, Paul Grewal, pointed out the inconsistencies in the SEC’s reasoning, to which Morgan mocked the agency as making arguments up as they went, in his X post on April 4. SEC answer: “we can’t answer that, we are just…