Author: NBTC
Quick Take Recent market data shows that MicroStrategy continues to outperform both Bitcoin equities and Bitcoin itself. The company’s share price saw a significant surge of 22% on March 25, catapulting it up 40 places to the 280th position among US companies by market cap. This increase brings its market cap to a hefty $31.50 billion, according to Companies Market Cap. MicroStrategy has exhibited a remarkable performance in the year-to-date analysis, with its value surging by 171%, outpacing Bitcoin’s 55% increase in the same period. Coinbase also demonstrated robust growth, with a commendable 78% rise. In contrast, the WGMI ETF,…
Ethereum price is signaling positive moves above the $3,550 zone. ETH could gain bullish momentum if it clears the $3,650 resistance zone in the near term. Ethereum started another increase from the $3,500 support zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,650 resistance zone. Ethereum Price Could Accelerate Higher Ethereum price remained strong above the $3,500 zone. ETH formed a base…
Charles Hoskinson, the founder of Cardano (ADA), addressed the blockchain community, which has been plagued with speculation and concern surrounding the Layer 1 blockchain, in a recent post on social media platform X. Notably, Hoskinson shed light on the groundbreaking partnership between Cardano and World Mobile, first announced in April 2021. Hoskinson said: “With respect to World Mobile, the goals of their project require the construction of a global-scale, heterogeneous protocol that handles complex hardware that is literally flying in the air, licensed spectrum, user-driven network growth, and future-proofing the quantum reality we are headed towards,” said Hoskinson. The Cardano…
Coin98 has introduced an integration with Berachain Testnet on its Super Wallet, giving users more opportunities to explore the decentralized world. The Coin98 Super Wallet allows users to create or restore their wallets and send $BERA tokens on Berachain Testnet. Users can try out a wide range of dApps on the blockchain that are still in their early stages. Coin98 Super Wallet now integrates @berachain Testnet 🐻 – an EVM equivalent L1 built on top of the Cosmos SDK, using Proof of Liquidity (PoL) Consensus.🐻 Read more about this integration 👉 https://t.co/2VKOYbNMPbDownload #Coin98SuperWallet and discover the 🐻 #Berachain… pic.twitter.com/58rTWdu19M —…
Nearly 50% of European cryptocurrency holders owned Bitcoin (BTC) in February, according to survey data from CoinMarketCap. This actually represents a 3% drop compared to similar data for January, yet Bitcoin comfortably remains the most popular cryptocurrency amongst traders in all regions of the world, with investors in Europe the likeliest to hold BTC. The move from January to February also reveals some interesting shifts in ownership for other cryptocurrencies, with Shiba Inu (SHIB) seeing noticeable spikes in North and South America, Asia and Africa. At the same time, ownership of Solana has decreased noticeably in all regions, with many…
U.S.-based crypto exchange Coinbase users faced technical issues causing delays in their Solana transactions. However, according to the recent update from Coinbase, the issue has been resolved. As per the official message posted on Coinbase’s page, some users experienced delayed sends for Solana (SOL). The notification highlighted that the delay happened on March 17, 2024, at 12:09 PDT. Coinbase assured that the customers’ funds were safe despite the transaction delays. They added, “Buys, Sells, and Fiat withdrawals/deposits are not affected” by the issue. Coinbase marked the incident as “resolved” after approximately five hours. The same issue was reported three days…
Data on whale wallets shows that these investors have been consistently selling Bitcoin (BTC) since the start of March, according to the latest “Bitfinex Alpha” report. Bitfinex’s analysts explained that these movements often lead to a phase of volatility, and short-term decline to form a local dip, and realized prices indicate that Bitcoin is unlikely to drop below $56,000 in the current market cycle. The report explains that whale wallet outflows typically signal the onset of a healthy Bitcoin price correction, while spent output profit ratio (SOPR) values significantly above 1 suggest aggressive profit-taking. Long-term holder SOPR values have stayed…
Decentralized finance (DeFi) is rapidly growing in the ASEAN region, with Vietnam setting the pace while Thailand recorded the fastest growth, according to a new report. However, it’s dominated by professional investors, with retail participation hindered by complexity and a lack of regulation. The report was compiled by the Organisation for Economic Co-operation and Development (OECD), a forum for developed economies that pushes for economic progress and global trade. The Association of Southeast Asian Nations (ASEAN) comprises ten countries: Indonesia, Malaysia, the Philippines, Thailand, and Vietnam. ASEAN has been working toward financial inclusion, but according to the OECD, more than…
Some investors have held onto their Shiba Inu tokens, awaiting a price appreciation that could help skyrocket the worth of their bags, with the $0.0003 and $0.003 targets in view. Shiba Inu has not escaped the recent market-wide onslaught, but its resilience has kept it above the $0.000025 price level as it awaits a market recovery. Amid the downtrend, investors have continued to hold onto their tokens, equally anticipating a rebound. On-chain data from CryptoQuant confirms this trend, with the Shiba Inu Exchange Reserve metric suggesting that investors have continued to withdraw their SHIB tokens from exchanges since Feb. 29.…
In a confusing press release that described a letter-of-intent, a penny stock called Nilam Resources announced that, along with Mauritius-based company Xyberdata, it would be acquiring a yet-to-be-established special purpose entity called MindWave so it can get its hands on 24,800 bitcoins. However, the letter doesn’t detail how it will obtain the billions of dollars worth of the cryptocurrency. The confusion around the acquisition is compounded by the current financial status of each firm, with Nilam Resource’s corporate snapshot projecting it will have only $2 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). Xyberdata’s unaudited financial statements reveal…