Author: NBTC

Liquidity is projected to surge into the crypto market in the fourth quarter of the year, creating a favorable environment for a potential parabolic rally in both Bitcoin (BTC) and altcoins. This influx of capital could drive prices higher as investors look to capitalize on the anticipated momentum. Today, Bitcoin’s price surged past $65,000, marking a significant milestone. However, according to a recent report, this rise is just the beginning of a potentially massive price boom. The anticipated surge is likely fueled by the return of retail investors and an influx of billions of dollars from the Chinese market. More…

Ethereum ETF inflows and positive funding rates could help maintain bullish momentum. Investors need to be cautious of ETH’s rising exchange reserve. Ethereum could retest the $2,707 resistance after bouncing off the 50-day SMA. Ethereum (ETH) traded around $2,640 on Thursday, up more than 2% following increased bullish bias among investors, as evidenced by ETH ETF net inflows and an uptrend in funding rates. However, investors may be wary of a potential correction from ETH’s rising exchange reserve. Ethereum ETF inflows and positive funding rates paint bullish outlook Ethereum ETFs recorded net inflows of $43.2 million on Wednesday, bringing their…

The Canadian Securities Administrators (CSA) updated stablecoin regulations for crypto asset trading platforms. This latest development comes as the CSA extended the compliance deadline for registered firms to meet new conditions or propose alternatives to protect investors. Investors have endured significant losses due to the collapse of unregulated stablecoins and the actions of unregistered crypto market participants. Despite global efforts to develop payment-based and banking-based regulatory frameworks for these assets, Canada lacks a structured regulatory regime addressing the crypto asset class. The CSA, however, remains focused on protecting Canadian investors from the risks posed by trading these assets. The CSA…

Cantor Fitzgerald CEO Howard Lutnick called on regulators to treat Bitcoin (BTC) like gold and oil because it is a commodity. Lutnick made the statement during an appearance on Fox Business show “Mornings with Maria” on Sept. 27, where he also criticized regulators and lawmakers for failing to supervise and support the digital asset industry. According to Lutnick, regulators are unable to supervise the industry properly because they don’t understand the importance of Bitcoin and crypto or how important it is to “get it right.” He said: “They [regulators and politicians] don’t know how to [regulate] crypto or digital at…

Ethereum has struggled to find stable ground at around $3,000, with weak institutional inflows and waning investor confidence keeping the altcoin subdued. However, the month of October is expected to bring about a massive shift in sentiment and price action, provided institutions play along. Ethereum May Not See a Rise Above $3,000 Ethereum’s bullish outlook relies heavily on institutions since the weak inflows into spot ETH ETFs have been a huge matter of concern for the altcoin. Nevertheless this is expected to change in the coming month. In an interview with BeInCrypto, Matt Mena, Crypto Research Strategist at 21.co discussed…

Simon’s Cat memecoin ($CAT) launches on August 20, 2024, on TokenFi Launchpad, backed by Floki, DWF Labs, and BNB Chain. With 9 trillion total tokens, the presale aims to raise $4.25 million, representing 17% of the supply, and starts with a $25 million market cap. 18.5% of $CAT tokens will be airdropped to FLOKI holders, and 1.5% to users trading with the Floki Trading Bot. The Simon’s Cat memecoin will officially launch on the TokenFi Launchpad on August 20, 2024. This debut marks a significant moment as Simon’s Cat, a globally renowned cat animation and meme, enters the cryptocurrency space.…

Ripple CEO Brad Garlinghouse and cofounder Chris Larsen are set to appear at the eighth annual fintech conference hosted by the Federal Reserve Bank of Philadelphia. It will take place on Oct. 22 and Oct. 23. The conference will focus on such topics as tokenized deposits, the tokenization of real-world assets, and the impact of fintech on the modern financial landscape. Julapa Jagtiani, senior economist at FRB Philadelphia, claims that the goal of the conference is to discuss the future of the fintech industry. The organizing committee behind the event includes representatives from the Wharton School of the University of…

According to CryptoQuant Burak Kesmeci, Bitcoin, the leading cryptocurrency, Bitcoin’s Market Value to Realised Value (MVRV) has recorded a major bullish signal. This specific metric is calculated by dividing the market value of the largest cryptocurrency by its realized value. The term “realized value” refers to the value of all coins in circulation at the price that they were last transacted on-chain. After examining the historical relationships between the MRVR and its 365-day moving average, the analyst determined that Bitcoin tends to experience a rally after the former climbs above the latter. Currency, MRVR stands at 2.04, slightly surpassing its…

NFT sales saw a solid increase this week, climbing 4.87% from the previous period to reach a total of $79.38 million. According to cryptoslam.io, the number of NFT buyers jumped by 34.13%, while sellers grew by 28.72%. Top NFT Collections See Gains This Week, Bitcoin-Based Nodemonkes Leads the Pack Throughout the last seven days, Ethereum-based NFTs led the charge, with over $27.97 million in sales, marking a 22.46% rise. Bitcoin NFTs followed closely, pulling in $21.2 million, up 67.95% from the previous week. Solana-based NFTs took third place, securing $13.72 million in sales, though that figure reflected a drop of…

Following the market’s recent pump, the leading cryptocurrencies have seen a remarkable performance. Bitcoin is trading above the $64,000 mark, while Ethereum (ETH) has surged 9% in the last week to consolidate above a key support level. Despite the bullish sentiment, some crypto investors remain cautious about ETH’s performance as the second-largest cryptocurrency faces the next crucial resistance level. Ethereum Consolidates Above $2,600 Ethereum recorded a 13% price jump in the last seven days after the US Federal Reserve (Fed) announced its decision to cut the interest rate by 50 basis points (bps). The bullish momentum propelled the ETH’s price…