Author: NBTC

Ethereum could rally in Q3 following reduced US inflation and launch of spot ETH ETFs. Ethereum’s on-chain activity shows mixed sentiment among investors. Bearish exhaustion candle could signify a downturn for ETH if SEC delays ETH ETF approval. Ethereum (ETH) is up 0.5% on Thursday following cooling inflation reports in the US. However, mixed on-chain sentiment signals uncertainty among investors despite the potential launch of spot ETH ETFs. Daily digest market movers: CPI data, mixed on-chain signals, increasing supply Ethereum’s price is expected to react positively in the coming days to the recent decline in the US Consumer Price Index…

Recent rumors suggest that the Chicago Mercantile Exchange (CME) will not launch a Solana (SOL) futures product, causing a stir in the financial markets. CME has neither confirmed nor denied these speculations, leaving the market in a state of uncertainty. Unverified Claims: CME May Not Launch Solana Futures After the Securities and Exchange Commission (SEC) approved spot Ethereum ETFs, experts began to actively speculate about the next ETF candidate. While many believe Solana could be the perfect fit, others note that filing for a spot ETF for the altcoin might be challenging because CME has not yet listed SOL futures.…

Following weeks of a downtrend, Bitcoin’s price has seemingly found a bottom. Yet, if the price recovers, one key level should still be reclaimed. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been supported by the $56K support level after breaking below the 200-day moving average, located around the $58K mark. Yet, the market is once again testing the 200-day moving average from below. If it is successful in rising above it, the $60K resistance level will be the next key zone to penetrate. The 4-Hour Chart Looking at the 4-hour chart, the price…

Ethereum price extended its increase above the $3,120 resistance zone. ETH could soon aim for a move above the $3,200 resistance. Ethereum is slowly moving higher above the $3,080 level. The price is trading above $3,080 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if there is a close above the $3,200 resistance zone. Ethereum Price Outperforms Bitcoin Ethereum price extended its recovery wave above the $3,050 resistance zone. ETH even climbed above the $3,150…

In a significant development within the cryptosphere, a staggering 72 million USDT (equivalent to $71,968,932) has been transferred from Binance to the Tether Treasury, as tracked by Whale Alert. This substantial movement of funds underscores the dynamic nature of digital asset transactions, hinting at potential shifts in market dynamics and investment strategies. 🚨 🚨 🚨 72,000,000 #USDT (71,968,932 USD) transferred from #Binance to Tether Treasuryhttps://t.co/06jdneT4Ya — Whale Alert (@whale_alert) May 30, 2024 Adding to this notable activity, Aliniex, a prominent Vietnamese cryptocurrency platform, has announced its official support for TON Chain USDT, expanding its range of supported cryptocurrencies. This strategic…

The price of Bitcoin (BTC), the biggest cryptocurrency by market capitalization, is approaching a critical test as it nears a key resistance level. Market speculation is running high, with traders and investors closely monitoring Bitcoin’s price movements, anticipating potential breakthroughs or pullbacks in the coming days. After experiencing significant volatility in recent weeks, Bitcoin’s price shows signs of stabilization, although a bigger test lies ahead for its price action. In this regard, market analysts have identified several key resistance levels that Bitcoin must overcome to sustain its upward momentum. After dipping to lows of $54,278 in Monday’s trading session, Bitcoin…

Ethereum price gained 14% within the 7-day timeframe, as reclaimed the $3,200 territory on July 11, on-chain data trends suggest ETH retail traders could pile on more demand in the days ahead. Ethereum Price Bounces 5% on Positive CPI Report Ethereum price bounced 5% within the daily timeframe on June 11 as the crypto markets reacted positively to the latest US economy inflation report. On Wednesday, the US Bureau of Labour Statistics published the Consumer Price Index (CPI) report which showed that inflation slowed for the first time in 4 years, adding more luster to calls for interest rate cut.…

In a recent revelation, Cardano founder Charles Hoskinson shared that he nearly built the Cardano blockchain platform using the Clojure programming language. In an X discussion, the Cardano founder recently shared a fascinating glimpse into the early decision-making process that led to the creation of Cardano. He revealed a pivotal moment: the choice between using Clojure, a dynamic and functional Lisp dialect, and Haskell, a statically typed functional programming language. However, the decision ultimately leaned toward Haskell, influenced by the potential of Cloud Haskell and the hopes of leveraging Liquid Haskell and Agda. I almost built Cardano with Clojure. We…

In the last 24 hours, Ethereum broke the $3K resistance to hit $3.2K. ETH’s daily trading volume soared by 8.77%. The global crypto market has been going through an extended bearish phase over the past few weeks. Over the last 24 hours, crypto traders liquidated nearly $151.5 million from the market. Notably, Ethereum (ETH) liquidations exceeded Bitcoin’s over the day. According to Coinglass data, Ethereum market recorded liquidations worth $49.78 million whereas BTC’s recorded $39.7 million. Amid this, Ethereum displayed a brief rally to hit $3.2K. But the largest altcoin failed to sustain the momentum and declined back into the…

The official Shiba Inu (SHIB) X handle takes a subtle jab at its rival Pepe (PEPE) in reaction to a challenge from top crypto exchange Poloniex. For context, Poloniex asked its users and followers to comment on which meme coin they would buy between SHIB and PEPE. Shiba Inu Shades Pepe in New Challenge Reacting to the post, Shiba Inu’s official X handle emphasized that a new challenger has emerged. However, Shiba Inu said it remains confident in its position at the top despite the emergence of this new challenge. The handle claimed ownership of the top dog position while…