Author: NBTC

In an interesting development, dog-themed cryptocurrency Shiba Inu (SHIB) has overtaken Avalanche (AVAX) in market capitalization. As reported, Avalanche had overtaken SHIB to claim 11th place in the crypto market rankings in the past week as SHIB experienced profit taking, a scenario that has now been reversed this week. Shiba Inu now ranks as the 11th largest cryptocurrency by market cap, pushing Avalanche to 12th place. Positive sentiment around Shiba Inu, coupled with broader bullish trends on the cryptocurrency market, has contributed to the token’s price gain of over 5% in the last 24 hours. The gains occurred as Ethereum…

Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in July, with five of those months seeing gains exceeding 16%. This year, however, July is shaping up to be negative. Historical data for August and September suggests a trend of underwhelming returns, potentially persisting until October, which is known for its historical gains. History Doesn’t Repeat Itself, but It Often Rhymes Historically, bitcoin tends to perform well in July, with data from coinglass.com showing positive returns 63.64% of the time. This means that in seven out of the last 11 years, July has brought…

Not long after the (repeat) Republican presidential hopeful and former United States President Donald Trump officially announced Ohio Senator J.D. Vance as his running mate, the man in question came into the spotlight, including the details surrounding his asset portfolio. As it happens, the majority of the former venture capitalist’s portfolio consists of Invesco QQQ Trust (NASDAQ: QQQ), SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA), and SPDR S&P 500 ETF Trust (NYSE: SPY), each contributing to 24%, respectively, per Autopilot stock tracker data on July 16. According to the platform that also tracks other politicians’ stock trades, including…

The co-founder of Polygon has launched the new AggLayer, a solution that promises to solve critical problems such as latency and liquidity fragmentation. What is Polygon AggLayer? Resolution of liquidity fragmentation Conclusions What is Polygon AggLayer? Polygon, previously known as Matic Network, is one of the most relevant platforms in the landscape of scaling solutions for Ethereum. Their mission is to provide more efficient and scalable infrastructures for decentralized applications (dApp). With the introduction of AggLayer, Polygon aims to further improve the efficiency of the network and address some of the most pressing challenges in the cryptocurrency sector. Brendan Farmer,…

Two days ago, a dormant bitcoin wallet moved over 1,000 bitcoins on July 5, and since then, two more notable awakenings have occurred in the past 48 hours. On Saturday, an address created in December 2013 spent approximately 149.99 BTC for the first time in over a decade. On Sunday, another historic wallet from April 1, 2016, transferred 895.11 BTC, valued at $51.3 million. While Bitcoin’s Price Remains Low, Vintage Bitcoins Move for the First Time in Years Despite bitcoin’s (BTC) price being below $60,000, several old, inactive bitcoin wallets have reactivated. Bitcoin.com News recently reported on a 2013 address…

Ethereum price remained stable above the $3,400 resistance zone. ETH again tested $3,500 and seems to be struggling to continue higher. Ethereum is holding gains and struggling near the $3,500 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,350 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,500 and $3,550 resistance levels. Ethereum Price Faces Key Hurdle, Can It Continue Higher? Ethereum price remained in a bullish zone above the $3,350 resistance…

U.S. politicians usually buy stocks and cryptocurrencies they are accustomed to, such as Bitcoin (BTC) and Ethereum (ETH). However, Representative Mike Collins is an exception, as on July 11, Collins reported a purchase of cryptocurrency called Aerodrome Finance (AERO) worth $50,000. What is impressive is that since his purchase on July 6, AERO has surged by almost 50% from $0.5219 to $0.9316 in less than two weeks. Collins has already earned approximately $38,000 in less than two weeks, as his AERO holding is now worth $88,000. Notably, AERO’s market cap is less than $500 million, which is outside the top…

Frog-themed meme coin PEPE has seen a massive surge in its valuation, setting it up for a potential sell-off by market whales. Over the past 24 hours, PEPE has soared by 2.15% to $0.00001654, backed by a more than 75% surge in the trailing seven-day period. The PEPE rally has set a bullish pace for other meme coins thus far this month. Historically, PEPE has always set a bullish course in the month of May. Per Cryptorank data, PEPE ended May 2023 at 74.9% growth, a figure that is less than double the 148.2% on record thus far this month.…

Seasoned analyst shares his observation on when the BTC cycle top will arrive. Based on the asset’s power law support, the cycle top could occur in October 2025. Bitcoin cycle top could be $255,000 if the same pattern repeats. As the Bitcoin (BTC) price heads back towards the upside, the latest crypto dip seems to have shifted into a state of recovery. This recovery is assisted by the German government buying back $111,500 worth of Bitcoin and significant Bitcoin ETF inflows. Amid the steady upward movement, crypto and Bitcoin (BTC) analysts share their latest crypto market analysis and expectations for…

Bit Digital expressed optimism around spot Ethereum (ETH) ETFs’ upcoming launch but drew attention to the funds’ lack of staking on July 16. The company said it is “thrilled for the increased normalization and adoption” around Ethereum and the technology’s potential to reshape the financial system. Bit Digital also asserted that the ETFs could be a significant price catalyst for ETH in future months. However, Bit Digital drew attention to the funds’ limitations, noting: “It is important to note that the ETH ETFs won’t be able to stake and benefit from ETH’s full potential.” Bit Digital referred to its website,…