Author: NBTC
In the last week, Bitcoin has garnered much attention, gaining 2.58 % in seven days, according to data from CoinMarketCap. During this time, the premier cryptocurrency has moved from trading around $37,800 to almost breaching the $39,000 price mark. Following this positive price movement, Bitcoin has recorded some impressive metrics, which could bolster investors’ interest in the coming weeks. Bitcoin Experiences Highest Profitability Level In Two Years Via a Friday post on X, blockchain analytics firm IntoTheBlock reported that 81.35% of all Bitcoin holders are currently in profit. This marks the highest profitability level experienced by BTC investors since December…
Maintaining its lofty position—the highest it has reached in the last 18 months—Bitcoin is once again on the edge of a potential price increase. With a notable 10% gain over the previous month and more than a doubling of its value over the same period last year, the markets valued Bitcoin (BTC) at over $38,600 on Friday morning. The alpha coin’s supporters credit its strong success thus far to the excitement around spot Bitcoin ETFs, like the one put up by BlackRock, which might be approved at any time. During European morning hours on Friday, Bitcoin almost reached the coveted…
A crypto analyst has singled out an event that could be the spark that Ethereum needs to hit the price level of $3,500. He believes that the second-largest cryptocurrency by market cap is going to make this run after Bitcoin “gets its shine.” How Ethereum Will Hit $3,500 In a post shared on his X (formerly Twitter) platform, the CEO and founder of MN Trading, Michaël van de Poppe, alluded to the Ethereum Spot ETF filing by Fidelity in his price prediction of $3,500. The crypto analyst seemed to be suggesting that approval of an Ethereum Spot ETF could propel…
Roblox gamers can now expertise KINGSHIP, a novel metaverse supergroup fashioned by Bored-and-Mutant Ape NFTs, managed underneath the 10:22PM label, a Web3 division of Common Music Group. The group has introduced the launch of KINGSHIP Islands, an attractive Roblox expertise the place gamers embark on a quest and get the chance to unlock free in-game objects and avatar emotes. A Quest within the KINGSHIP Islands KINGSHIP Islands goals to unite the 4 band members in a vacation spot named the “Floating Villa.” Gamers can earn reward equipment and emotes for his or her avatars by finishing the hunt. For these…
Ethereum (ETH), the world’s second-largest cryptocurrency, is demonstrating robust momentum as its price stages a resurgence, reclaiming levels above $2,000. This bullish trend gains traction concurrently with significant developments in the US Securities and Exchange Commission (SEC). The regulatory authority is engaging in discussions regarding the potential approval of a spot Ethereum Exchange-Traded Fund (ETF). This pivotal development has injected optimism into the Ethereum market, as the prospect of an ETF introduces new possibilities for mainstream adoption and investment, further fueling the current upward trajectory of Ether’s value. Ethereum’s Ascending Triangle: Bullish Breakout Potential Over the course of several months,…
Spanish residents should disclose crypto holdings exceeding 50,000 euros (about $55,000) held on overseas platforms for tax functions beginning January subsequent 12 months, in accordance with an replace from Spain’s Tax Administration Company, Agencia Tributaria. The tax company launched Type 721, a declaration type particularly designed for digital belongings held overseas. The shape would require authorized residents and residents to formally report their crypto belongings held on non-Spanish platforms for tax functions. People and companies impacted by this directive should disclose their crypto holdings held overseas as of Dec. 31, 2023. Per the regulator’s web site, the declaration interval spans…
The attention of the crypto community has been drawn to a particular whale that has been accumulating Bitcoin for some time now. The magnitude of the whale’s holdings has left many wondering who it might be and the reason for the accumulation. Bitcoin Whale Accumulates Over 10,000 BTC In November In a post on his X (formerly Twitter) platform, popular Bitcoin investor Lark Davis revealed details about the “mystery whale” who had been accumulating Bitcoin. Interestingly, the wallet (bc1qch) had accumulated over 10,000 BTC in November. On-chain data also showed that the wallet currently holds over 12,000 BTC ($460 million). …
Ethereum outperformed Bitcoin in November 2023. The rise has come to 13% and 8%, respectively. Thereby, it marked a positive margin of 5% against the most dominant digital token. Many consider ETH the next BTC, primarily due to its utilities. Bitcoin, on the other hand, has driven its growth on the principle of working as a store of value. Members and cryptocurrency enthusiasts have reacted favorably to all prospects who have pledged to bring them bigger returns. However, there may come a day when the community is divided over whether to use Ether or Bitcoin. There is no doubt that…
The Bitcoin price has risen above $38,000 in the last few hours, and for the first time this year closed a 4-hour candle above this crucial price level – a very bullish sign that BTC could rise further. These are reasons behind BTC’s latest price surge: #1 Anticipation Of Spot Bitcoin ETF Approval The recent uptick in the Bitcoin price can probably be attributed in part to developments around the potential approval of a spot Bitcoin ETF. Bloomberg ETF analyst James Seyffart stated on X, “Okay the window for potential spot Bitcoin ETF approval is looking like it’s gonna be…
In the ongoing Spot Bitcoin ETF mania, Pando has joined the race aiming to seize the opportunities that may arise following the potential approval of BTC Spot ETFs by the US SEC. Pando Submits Spot Bitcoin ETF Filing Switzerland-based asset management company, Pando Asset has become the latest entrant into the Spot Bitcoin Exchange Traded Fund (ETF) race. The investment firm officially submitted its Spot BTC ETF filing to the United States Securities and Exchange Commission (SEC) on November 29. The news of the late filing comes as a surprise to the crypto space, as the final dates for the…