Author: NBTC
Bitcoin (BTC) soared by over 5% on Tuesday to trade above $26,000 for the first time this week. A major contributor to this price rise was an increase in positive sentiment around the token as a result of Franklin Templeton, a $1.45 trillion asset manager, filing for a spot bitcoin ETF with the US Securities and Exchange Commission (SEC) However, as the market euphoria dies down, the premier cryptocurrency has experienced some market recorrection, with many investors now speculating on the token’s next movement. On this note, popular crypto analyst Ali Martinez has discovered a buy signal for BTC investors.…
CertiK, a agency specializing in blockchain and good contract safety, has introduced the discharge of a brand new SkyInsights instrument to handle the rising wants associated to crypto compliance and danger administration within the Web3 business. The platform, SkyInsights, makes use of CertiK’s in depth databases to supply enriched danger insights, involving greater than two billion pockets addresses and good contract labels throughout over 150 various classes. These knowledge factors are supposed to permit companies with digital asset publicity an enhanced view of transaction and counterparty dangers. As a part of CertiK’s providers, SkyInsights presents pockets screening capabilities and intends to…
Traditional financial institutions that have filed crypto ETF applications have focused on a particular market (spot or futures). However, a recent NASDAQ application suggests that the asset manager Hashdex is taking a different approach, which could be a game changer in the Ethereum ETF race. NASDAQ Proposes To List Ethereum ETF According to the application filed with the US Securities and Exchange Commission (SEC), the stock exchange plans to list and trade shares of the Hashdex Nasdaq Ethereum ETF, which will be managed and controlled by Toroso Investments LLC. Interestingly, the fund will hold both Ether futures contracts and Spot…
Institution crypto investors have been pulling out of the market for the better part of this year, especially as the bear market has taken hold. However, Ethereum has suffered way more than other assets in this regard with outflows dragging total assets under management (AuM) down. This comes as Ethereum has struggled after falling below the $1,600 support. Institutional Investors Pull Out Of Ethereum In the latest iteration of its Digital Asset Fund Flows Weekly Report, alternative asset manager CoinShares has revealed a growing aversion from institutional investors toward Ethereum. This is characterized by a tremendous amount of outflows spanning…
The Bitcoin price has been moving sideways over the past few weeks, although it saw a volatility spike in the last 24 hours. However, the cryptocurrency remains stuck as sentiment turns negative, and more and more traders expect another re-test of critical support. As of this writing, Bitcoin (BTC) trades at $26,200 with a 3% profit in 24 hours. The cryptocurrency recorded a 2% profit the previous week and was the best performer in the crypto top 10 by market capitalization. BTC’s price is moving sideways on the daily chart. Source: BTCUSDT on Tradingview Why Is The Bitcoin Price Likely…
A crypto analyst has presented their forecast for where they believe the Bitcoin price will be by the end of 2023. However, the end-of-year (EOY) price prediction is not the only interesting thing that the analyst talks about, with short-term expectations also included. Hoops To Jump Through For Bitcoin Price Pseudonymous crypto analyst Titan of Crypto took to X (formerly Twitter) to share their latest prediction for the Bitcoin price. This analysis uses the Ichimoku point of view to analyze a Tenkan Cajun (TK) death cross that appeared on the Bitcoin price chart. The importance of this TK death cross…
In a swift turnaround from yesterday’s dip, Bitcoin (BTC) surged to nearly $26,000 during Asian trading hours on Tuesday. This recovery, which saw the BTC climb from $25,210 to $25,973 in a mere 30 minutes (from 3:00 am to 3:30 am UTC), was not driven by any specific news event. Instead, the dynamics within the Bitcoin futures market played a pivotal role. Why Has The Bitcoin Price Bounced Upwards? Renowned analyst Skew provided a technical perspective on the price movement, referring to it as a “textbook short squeeze.” Delving deeper into Skew’s analysis, he pointed out a clear divergence in…
China’s Shandong Province has lately introduced a complete technique to safe a major place within the quickly increasing metaverse {industry}. Spearheaded by the Shandong Provincial Development and Reform Commission, the province goals to construct a metaverse market valued at 130 billion yuan ($20.5 billion) by 2025. This could symbolize roughly 10% of the projected world market share. The plan is multi-faceted, specializing in infrastructure growth, content material creation, platform operation, and the identification of sensible software eventualities. Funding and Collaboration Central to Shandong’s technique is the attraction of overseas funding and expertise. The province is actively in search of partnerships…
4 banking giants are making ready to pay almost half a billion {dollars} to settle a category motion lawsuit introduced towards them for allegedly trying to thwart competitors within the stock-lending market. JPMorgan, Goldman Sachs, UBS and Morgan Stanley have agreed to collectively pay $499 million to finish the go well with, which was filed in 2017 by US pension funds, led by the Iowa Public Workers’ Retirement System. The pension funds accuse the banks of making an attempt to nook the market with their very own system known as EquiLend, whereas hindering the event of latest platforms that might…
Yesterday’s weekly close of the Bitcoin price below the $26,000 mark has raised concerns among analysts and traders. This move could potentially signal a further decline for the leading cryptocurrency, as it appears to be the first step to confirming a double top formation on the weekly chart. Rekt Capital, a prominent figure in the crypto analysis sphere, took to Twitter to share his insights, stating, “BTC has officially Weekly Closed below the ~$26,000 support. Technically, BTC has begun the first step in the process of validating this Double Top formation. Turn $26,000 into new resistance and the breakdown will…