Author: NBTC

Intelligent Alpha, which builds AI-powered investment strategies for visionary investors, in an interview with Coindesk, has shared that they have started experimenting with bitcoin. The objective is for AI to set useful targets to trade the world’s top cryptocurrency. AI Predicts Bitcoin To $140,000 The firm relies on a trio of AIs: ChatGPT, Claude, and Gemini, and implements their decisions, even if they sound counter-intuitive. Notably, the models have a great track record so far. While the firm has focused on traditional finance so far and mostly kept away from crypto, Doug Clinton, the CEO noted that he started experimenting…

The NFT market has turned upward despite crypto price weakness, with Bitcoin falling 3% to $94,000 and Ethereum dropping sharply by 9% to $3,200. Even though the broader crypto market cap has contracted to $3.3 trillion from last week’s $3.5 trillion market cap, the NFT market has turned positive. According to CryptoSlam data, NFT sales volume has climbed 10.70% to $155.4 million this week. The rise in total sales comes alongside a notable drop in market participants, suggesting larger trades from fewer buyers. The weekly metrics are as below: NFT sales volume rose to $155.4 million from $132.7 million last…

The Bitcoin price is well on its way to reaching the $100,000 price mark, with multiple projections saying it could do so by this weekend. Notably, the Bitcoin price reached an intraday high of $99,486 in the past 24 hours, putting it by about only 0.5% from reaching $100,000. As the entire industry continues to await the Bitcoin price break above $100,000, crypto analyst Tony “The Bull” Severino has highlighted an interesting outlook for what to expect from here. Bitcoin Price Mirrors 2017 Pattern Crypto analyst Tony Severino drew parallels of Bitcoin’s recent price movements to its 2017 surge. The…

Fantom’s high-speed blockchain makes it a standout choice for DeFi projects, signaling dynamic growth potential. Despite regulatory challenges, XRP remains unmatched in cross-border payment utility, presenting significant high-yield opportunities. CHILLGUY is redefining NFTs with revolutionary designs and community-driven momentum, making it a premier altcoin to watch. As December approaches, the cryptocurrency market continues to attract attention, with several altcoins showing significant potential for growth. The top names that have been trending include; Fantom (FTM), Minotaurus (MTAUR), CHILLGUY, THENA (THE), and XRP. They attract the attention of analysts and investors due to the high indicators of their performance and distinct marketing…

Bitcoin’s network has seen a noticeable shift in its computational capacity, shedding around 44 exahash per second (EH/s) in the past four days. Tough Terrain for Bitcoin Miners The network’s hashrate, which reached a peak of 824 EH/s, has now settled at 780 EH/s, based on the seven-day simple moving average (SMA). This reduction, equivalent to 44,000 petahash per second (PH/s), aligns with a drop in hashprice—the projected earnings in either U.S. dollars or bitcoin (BTC) per petahash—which fell from $59.29 to $53.41. The global hashrate has lost 44 EH/s since Jan. 6, 2025. The diminished revenue stems from bitcoin’s…

VanEck’s latest Bitcoin (BTC) report reaffirmed its cycle price target of $180,000, citing strong bullish indicators that align with the current market rally. The asset manager highlighted key metrics, including funding rates, Relative Unrealized Profit (RUP), and retail interest trends, as signals that the bull market is still in its early stages. Bitcoin has soared into uncharted territory, trading near $100,000 following a post-election rally. According to VanEck, this mirrors the market’s behavior in late 2020, when Bitcoin doubled after the US presidential election and continued its upward trajectory in the subsequent year. With a pro-Bitcoin regulatory environment and growing…

Sonic Labs has unveiled Blaze, its upgraded testnet 2.0, showcasing groundbreaking advancements in the blockchain’s speed and efficiency. Sonic Labs’ Blaze Testnet Pushes Blockchain Boundaries The Sonic blockchain is an up and coming layer one (L1) Ethereum Virtual Machine-compatible network designed for high-speed transaction processing. Known for its rapid transaction finality, the blockchain achieved a finality speed of 720 milliseconds during earlier testing phases. Sonic Labs aims to revolutionize blockchain scalability and usability by offering sub-second finality and high throughput, addressing key limitations in the blockchain space. “In preparation for the Sonic mainnet, we’re excited to release our upgraded, default…

Bitcoin spot ETFs reportedly saw huge net flows on the 21st of November. As per the data from SoSoValue, Bitcoin ($BTC) exchange-traded funds recorded $1.005B in cumulative inflows while Ethereum ($ETH) ETFs witnessed -$9.05M in outflows. Bitcoin’s substantial inflows indicate growing appeal among institutional investors. $BTC ETFs Record $1.00B in 1-Day Net Inflows with $IBIT Accounting for $608.41M In line with the data, the single-day ETF inflows of Bitcoin reached $1.00B on November 21. The list of the top $BTC spot gainers includes $IBIT, $FBTC, and $BITB. Hence, $IBIT cumulatively added $608.41M to lead the ETF market. Following that, $FBTC’s…

Tether’s USDT has reinforced its position as the leading stablecoin in the crypto market, now accounting for 72% of the $133 billion stablecoin market capitalization. This marks a significant leap from its 50% share in 2022, showcasing the token’s growing prominence amidst market fluctuations. .@Tether_to’s $USDT strengthens dominance, now 72% of the $133B stablecoin market, up from 50% in 2022. Weekly mints exceed $3B, matching 2021 bull market levels, with $13B minted since November, according to @intotheblock pic.twitter.com/iwz79OjeGP — Satoshi Club (@esatoshiclub) November 30, 2024 Data from IntoTheBlock reveals that Tether has seen extraordinary growth, cementing its place as the…

IntoTheBlock’s data revealed a $4.5B exodus from exchanges in the last seven days. The data confirmed that whales were actively accumulating Bitcoin, as over 12% of the net outflow was attributed to large holders. The substantial outflow of Bitcoin from exchanges, as shown by the data, signaled a tailwind for Bitcoin’s price as it edged toward the 100K mark. The rising momentum for large BTC withdrawals from exchanges (+2.19%) indicated that large holders intended to reduce selling pressure and create a bullish environment for future price increases. Massive Bitcoin withdrawals from exchanges fuel BTC price surge Bitcoin recorded a whopping…