Author: NBTC
Amidst a week of significant volatility in the cryptocurrency sphere, the Bitcoin price has been a focal point, especially following a dip below $43,200 today. After climbing to $44,533 on Tuesday, the price has since entered an ascending channel, touching a local low of $42,835 on Thursday. This trend has sparked a critical debate: is this a sign of an impending major correction following Bitcoin’s 65% rise in the past seven weeks, or is it a temporary bear trap in a continuing bullish market? Adam Cochran, partner at CEHV, has offered an in-depth analysis of the current Bitcoin market situation.…
Bitcoin has witnessed a spectacular rally throughout 2023, achieving the 19-month peak of $44,444.84. The BTC price surge has resulted in speculation about the coin’s future trajectory, especially for the next five years. We have examined the factors that may influence Bitcoin’s price in the long run. Bullish Factors Among the bullish factors that may affect Bitcoin prices in the future, investors are speculating about interest rate cuts by the Fed and ECB in the first quarter of 2024 that could boost BTC prices. The US can potentially attract retail and institutional investors with the expected approval of Spot Bitcoin…
Casio Computer Co., Ltd has stepped into the metaverse with a brand new digital actuality innovation: ‘G-SHOCK THE RIDE.’ This VR attraction provides customers a singular alternative to nearly check out the toughness-testing course of that defines the enduring high quality of the G-SHOCK watches. G-SHOCK THE RIDE, obtainable on the social digital actuality platform, VRChat, provides a glance into the futuristic procedures that take a look at the sturdiness of those watches. Taking inspiration from the real-life checks carried out on the Hamura R&D Middle, the journey pushes the envelope, transcending the bounds of present testing strategies. Digital G-SHOCK…
A dormant Ethereum whale has resurfaced, moving their 39,260 ETH worth approximately $87.5 million. According to data from Lookonchain, this Ethereum whale with almost $90 million in ETH recently woke up and decided to move its mountain of digital assets to an exchange. Although it is unclear the motive behind this transfer, it appears to be to take profit on a 670% gain over the past five years. Ethereum Whale Moves 39,260 ETH To Crypto Exchange The crypto market has had another flurry of price increases in the past few days, with Coinmarketcap’s Fear & Greed Index now pointing to…
A crypto pundit and Bitcoin maximalist, Mark Harvey, has explained why he believes the foremost cryptocurrency Bitcoin, is far off from its true potential. According to him, the crypto token could be worth close to $17 million in the future. Why One Bitcoin Could Worth $17 Million In a post shared on his X (formerly Twitter) platform, Harvey made a strong case for Bitcoin on why it could on why a price even greater than $17 million is likely. He referred to Bitcoin’s use case as a store of value and how it could further chop into the market share…
Buyers representing trillions of {dollars} in property have printed a brand new roadmap for fund tokenization authorised by the federal government of the UK. In a brand new report, The Funding Affiliation – a working group with over $11 trillion with property beneath its administration – lays out its plan to implement tokenized funds or funds with digitized shares that commerce on blockchains. “[Tokenized funds] problem tokenized shares or models to signify the investor’s curiosity in them and are typically traded and recorded on a distributed ledger somewhat than a conventional system of information… Finally, tokenized funds are supposed to…
Trading firm QCP Capital has shared its thoughts on what could drive the flagship cryptocurrency, Bitcoin, to its all-time high (ATH) of $69,000. From their analysis, Spot Bitcoin ETFs have a huge role to play in all of this. Bitcoin Hitting $69,000 Dependent On Spot BTC ETFs QCP Capital stated that revisiting its ATH of $69,000 will depend on the “genuine flows the actual ETF will bring in the first few weeks of trading.” If the inflows are below par, the trading firm noted that it could set things up for the classic ‘sell-the-news’ moment. This assumption seems to stem…
Bitcoin is closer to $45k at the time of articulating this piece. This is up from ~$16k this year. While the rise looks fascinating, there is a reason why one would want to be careful before buying Bitcoin. For starters, it is about the intention of getting on board. Any crypto enthusiast who is looking to add BTC to their portfolios may be doing so just to avoid the FOMO sentiment. Under the influence of the FOMO (Fear of Missing Out) trend, less knowledge goes into buying BTC, or any other cryptocurrency for that matter. There is frequently an underestimate…
Apollo Crypto, a renowned name in the field of cryptocurrency analysis, has recently released a comprehensive report predicting a significant surge in the Bitcoin price, potentially reaching as high as $200,000 in the current cycle. Authored by Henrik Andersson, the report delves into various factors that could contribute to this remarkable growth. A pivotal aspect of the report is the anticipated approval of the first spot Bitcoin Exchange-Traded Fund (ETF) in the United States. Eric Balchunas, the senior Bloomberg ETF analyst, is quoted saying, “There is a 90% chance of an approval by January 10, 2024.” This development is seen…
Bitcoin has seen a pullback but not to the extent that bears have been expecting. Nevertheless, as a result of this, a lot of traders have incurred massive losses due to Bitcoin staging another unexpected recovery. The loss volumes have quickly risen to $190 million in one day as uncertainty remains the order of the day. Crypto Liquidations Reach $190 Million According to data from Coinglass, the 24-hour crypto liquidation volumes quickly rose above $190 million as Bitcoin completed a shakeout. This began with the price pullback to the $43,600 territory. And then a rapid rise back toward $44,000 completed…