Author: NBTC
As the fourth Bitcoin (BTC) halving gets closer, some experts believe the event could lead to centralization risk, threatening the blockchain network. Once every four years, the block reward for Bitcoin miners is cut in half to help the asset maintain its scarcity. The event is called halving. Historically, miners have stayed fully operational and even grown in number over the last three compensation cuts thanks to the rising BTC price. However, many wonder if the BTC price is high enough for miners to remain operational or if it would face centralization and even existential risks after the fourth halving…
Recent data from Santiment indicates a significant rebound for Ethereum over the weekend, as the cryptocurrency surged past $3,600. This upward trajectory follows a brief downturn, where ETH price experienced a drop of up to 25% between March 11 and 19. Despite this setback, Ethereum’s resilience is evident as it continues to showcase strong performance. A notable development contributing to Ethereum’s bullish outlook is the surge in the number of ETH addresses holding coins, reaching an all-time high of 118,230. Additionally, the midterm market value to realized value (MVRV) ratio has displayed a subtle bullish signal, further bolstering investor confidence.…
Shiba Inu has emerged as one of the top-performing digital assets this year, surpassing crypto market giants like Bitcoin and Ethereum. Notably, this milestone occurred amid the Shibarium, reaching a record number of transactions. Shiba Inu Outperforms Bitcoin and Ethereum Despite receiving less attention, Shiba Inu has silently surpassed Bitcoin and Ethereum price performance this year. Since the year’s onset, Bitcoin has surged by an impressive 64%, reaching a new all-time high of over $73,000. This surge is largely attributed to the launch of spot Bitcoin exchange-traded funds (ETFs) in the US, which have seen unprecedented demand. Similarly, Ethereum has…
The Lifeform Universal Domain ecosystem is excited to announce its new partnership with Polyhedra Network. It is a landmark effort that will transform the visibility and recognition of the Web3 passport. In this respect, participants have the exclusive opportunity of participating in the Lifeform .btc and Polyhedra Network Whitelist Giveaway. Additionally, they offer participants the chance to secure one of 100 exclusive 4-digit .btc domain names. We are thrilled to partner with @Lifeformcc on Web3 Passport! 🤝 Join us for #Lifeform.btc X Polyhedra Whitelist Giveaway and claim 100 exclusive 4-digit .btc domain names. Starting from 8:00 AM UTC, March 30th…
As Bitcoin (BTC) resumes its meteoric rise, retesting the $71,000 price point, MicroStrategy chairman Michael Saylor’s unwavering confidence in the digital asset remains unshaken. In an X post that drew attention from the crypto community, Saylor stated, “still betting on Bitcoin.” Still betting on #Bitcoin… — Michael Saylor⚡️ (@saylor) March 25, 2024 Bitcoin, the first and largest cryptocurrency by market value, surpassed $71,000 once more, as investors discounted last week’s outflows from U.S. exchange-traded funds. Almost $900 million were pulled from Bitcoin ETFs in the last week, showing ongoing outflows from Grayscale Bitcoin Trust as well as a slowing in…
According to Bitwise’s Chief Investment Officer, Matt Hougan, the Securities and Exchange Commission (SEC) is considering a delay in approving highly anticipated Ethereum exchange-traded funds (ETFs). This development comes on the heels of Bitwise Asset Management’s intention to list a spot Ethereum ETF. Potential Ethereum ETF Approval Delay Bitwise launched its spot Bitcoin ETF, the Bitwise Bitcoin ETF (BITB), on January 11. Since then, the ETF has seen a meteoric rise, amassing over $2 billion in assets and ranking fifth in the so-called “Cointucky Derby.” Hougan shared insights into the explosive growth of BITB and other spot ETFs, underscoring their…
Based on the latest metrics, the cryptocurrency landscape has experienced a widespread but modest downturn. Yet, the digital asset solana has risen by 12.2% in the last 24 hours and 43% against the U.S. dollar over the past week. Currently, solana surpassed the $200 mark per coin as it closed in on BNB’s market capitalization. Solana Defies Market Trend With Impressive Gains The native cryptocurrency of the Solana layer one (L1) blockchain network, solana (SOL), has witnessed significant growth in its value recently. In the last month alone, SOL has risen by 85%, and looking at the past year, it…
Three blockchain specialists scored venture capital this week — a bullish indicator that, perhaps, investors are once again warming up to the web3 sector. Peaq On March 27, Peaq — a layer-1 (L1) blockchain designed specifically for decentralized physical infrastructure networks (DePINs) — announced a successful Series A funding round, raising $15 million. Generative Ventures and Borderless Capital led the effort, with participation from several prominent investors, including Spartan Group, HV Capital, CMCC Global, and Animoca Brands. Announcing: peaq raises $15M in a pre-launch funding round led by @genventurecap and @borderless_cap 🎇The funds will go towards making it easier and…
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…