Author: NBTC

Dormant Bitcoin whales, or long-term HODLers holding huge amounts of BTC, have suddenly awakened and started moving their funds. After over six years of inactivity, three dormant Bitcoin addresses containing thousands of BTC unexpectedly became active again, and they transferred a combined total of 6,500 BTC.  With BTC now showing signs of the resumption of the October rally, these massive Bitcoin transfers could either increase buying momentum or threaten to capsize the current bull run. Dormant Bitcoin Whales Make Waves With Massive BTC Transfers Movement of dormant Bitcoin addresses has been sporadic this year, with most causing a stir and…

MicroStrategy, courtesy of its former CEO and co-founder Michael Saylor, has continued its aggressive accumulation of the flagship cryptocurrency, Bitcoin, with the company’s latest purchase coming in October, according to Saylor himself.   MicroStrategy Acquired An Additional 155 BTC In October In a post shared on his X (formerly Twitter) platform, Saylor mentioned that his company acquired this amount of BTC for $5.3 million and now holds 158,400 BTC. The businessman made this comment while sharing the company’s third-quarter 2023 financial results. The release also affirmed Saylor’s revelation as it gave a detailed analysis of its BTC holdings and the company’s…

Ethereum has been notably underperforming Bitcoin through this latest rally. Here’s why this is so, according to a CryptoQuant analyst. Ethereum Net Taker Volume Has Been Mostly Negative Recently In a new post on X, CryptoQuant Netherlands community manager Maartunn has pointed out what the “net taker volume” for Ethereum is looking like. The net taker volume here is an indicator that keeps track of the difference between the taker buy volume and taker sell volume on the Bitcoin futures market. When the value of this metric is positive, it means that the taker buy volume is dominating the taker…

The month of October just drew to a close and Bitcoin and the rest of the crypto market has ushered in the new month of November. With October proving to be an incredibly bullish month for Bitcoin with a green monthly close, eyes are now on the new month and what possibilities it could hold for the digital asset. October Was A Good Month For Bitcoin Looking back to the month of October, it has been one of the best months so far for 2023. The price of BTC started out at around $28,000 and closed out the month above…

In a recent development, another proposed Spot Bitcoin ETF has been listed on the Depository Trust and Clearing Corporation’s (DTCC) website, becoming the second proposed Spot Bitcoin ETF to appear on the corporation’s website.  BTCO Joins IBTC On DTCC Website The Invesco Galaxy Bitcoin ETF under the ticker ‘BTCO’ recently appeared on the DTCC website, joining BlackRock’s spot Bitcoin ETF, which goes under the ticker ‘IBTC’ as uncertainty around a possible approval of these funds continues to heighten.  Source: DTCC website Many had speculated an approval was imminent when BlackRock’s IBTC was earlier listed. However, the optimism has sort of…

Ripple’s high lawyer is urging U.S. Securities and Trade Fee (SEC) Commissioner Hester Peirce to talk out sooner and louder in opposition to the regulator’s hostile strategy towards the crypto trade. Final week, Peirce launched an announcement of dissent concerning the SEC’s lawsuit in opposition to the blockchain-based file-sharing fee community LBRY, which the regulator filed in 2021 below allegations the corporate bought crypto belongings as unregistered securities. Responding to Peirce’s assertion, Ripple’s chief authorized counsel Stuart Alderoty asks the commissioner if maybe it’s time for her to file an amicus temporary in protection of LBRY or different circumstances within…

Spyglass Media Group and Sony have partnered to create an immersive horror metaverse expertise known as “Survive Thanksgiving.” This modern venture serves as a promotional software for the extremely anticipated launch of the horror movie “Thanksgiving.” “Survive Thanksgiving” is accessible by digital actuality (VR) headsets or net browsers on cellular or desktop gadgets. This accessibility permits customers to have interaction with the metaverse expertise in a approach that fits their preferences and obtainable know-how. The Horror Movie Expertise The “Survive Thanksgiving” metaverse expertise intertwines with the movie’s storyline, providing an thrilling and distinctive approach for audiences to have interaction with…

On-chain data shows the Ethereum Market Value to Realized Value (MVRV) ratio has entered inside a danger zone that has historically led to tops. Ethereum MVRV Ratio Has Surged Into The Danger Zone Recently In its latest insight post, the on-chain analytics firm Santiment has talked about some underlying metrics related to ETH. First, the firm has pointed out how the trading volume of the cryptocurrency has gone down since Ethereum’s surge from a few days back. The value of the metric has been sharply going down recently | Source: Santiment The trading volume observing a significant decline while the…

David Lawant, the head of research for FalconX, an institutional crypto trading platform tailored for financial institutions, recently provided an insightful forecast regarding the future of Bitcoin (BTC) prices in light of the anticipated launch of a spot Bitcoin ETF in the United States. Sharing his predictions via X (previously known as Twitter), he articulated the financial variables that might play a decisive role. Lawant remarked, “The next significant variable to watch in the spot BTC ETF launch saga will be how much AUM these instruments will gather once they launch. I think the market is currently expecting this inflow…

Billionaire investor Stanley Druckenmiller recently gave his two cents on Bitcoin, acknowledging the asset’s growth and popularity over the past 17 years. While speaking at an interview with billionaire Paul Tudor Jones, Druckenmiller compared Bitcoin to gold, noting its evolution into a recognizable brand and investment vehicle.  Druckenmiller admits he doesn’t actually own any BTC as of the moment, but he’s been closely following it and thinks it could be an attractive investment. Druckenmiller Sees Bitcoin And Gold As Stores of Value Bitcoin has long been hailed by financial analysts as the ideal asset for hedging against inflation and storing…