Author: NBTC
In a detailed market update, Charles Edwards, founder of Capriole Investment, has provided an in-depth analysis of Bitcoin’s current market position, highlighting a pivotal shift to an ‘expansion’ phase in the Bitcoin Macro Index. This transition is particularly noteworthy as it parallels conditions observed prior to historical price surges in Bitcoin’s valuation. Bitcoin has recently experienced a sharp uptick, ascending from $34,000 to an interim high of $38,000. After a brief period of resistance, the price corrected to approximately $36,500. Edwards highlights this movement as a critical technical victory, with Bitcoin overcoming and holding above the major resistance benchmarks of…
Popular crypto analyst Don Alt has joined the bandwagon of predictions pertaining to Spot Bitcoin ETFs. Don Alt recently took to social media platform X to convey a strong bullish Bitcoin price sentiment, issuing a forecast that the cryptocurrency is on the verge of going supersonic to $60,000 in the coming months. Even a $100,000 price point is not out of the books, according to this analyst. The catalyst for this potential liftoff? The long-awaited approval of a Spot Bitcoin ETF in the US. Bitcoin’s Supersonic Rally to $60,000 Don Alt is known for accurately predicting Bitcoin price points in…
BlackRock and NASDAQ have outlined why the SEC needs to approve the investment company’s new spot Ethereum exchange-traded fund (ETF) filing. According to the filing with the SEC, approval of a Spot ETH ETP would represent a major win for the protection of U.S. investors in the crypto asset space. If approved, the iShares Ethereum Trust would allow regular investors to trade Ether, the world’s second-largest cryptocurrency by market cap, as easily as stocks can be traded. BlackRock And NASDAQ Lobbies SEC To Allow Spot ETH ETFs BlackRock, the world’s largest asset manager, recently applied to the SEC to launch…
Ethereum (ETH), the second-largest cryptocurrency, has seen a significant price increase over the past month. The recent bullish rush in the crypto market, coupled with BlackRock’s involvement, has pushed ETH to its year-to-date high of $2,139. Ethereum Outshines Bitcoin And Altcoins According to market data provider Kaiko, ETH has outperformed BTC and many altcoins in recent weeks, signaling a shift in market dynamics. Kaiko’s report highlights how ETH struggled to gain momentum over the past year, despite successful upgrades such as The Merge in April. However, the sentiment around ETH changed dramatically when BlackRock filed for a spot ETH exchange-traded…
Ethereum prices are firm at spot rates, still trading above the $2,000 level, and multiple other factors point to possible trend continuation. According to Kaiko’s data on November 12, not only is the ETH-BTC ratio shifting and reversing after extended periods of lower lows, but also there is a notable uptick in trading volume with funding rates in crypto derivative platforms shifting from negative to positive, suggesting increasing demand. ETHBTC ratio | Source: Kaiko Ethereum Breakout Above $2,000 As of writing on November 13, Ethereum is relatively firm and changing hands at around the $2,090 level. Despite the expected contraction in…
South Korean metaverse platform ZEP has unveiled a vital alliance with the worldwide Layer 1 blockchain platform, NEAR Protocol. This transfer highlights ZEP’s technique of using NEAR Protocol’s dependable and user-friendly community to collaborate with main IPs and onboard new customers. NEAR Protocol is understood for its tailor-made blockchain community, which is right for large-scale, user-focused companies. It has proven strong progress amongst Layer 1 blockchains this 12 months, with its functions persistently rating excessive on DappRadar. This uptick signifies NEAR Protocol’s dependable infrastructure and rising attraction within the area of blockchain functions. ZEP’s Trajectory ZEP was created by a…
The entire crypto industry is waiting for the approval of Spot Bitcoin ETFs in the US to upend the market and herald the next extended bullish run for BTX. However, Chief Economist Peter Schiff is of another thought and is of the idea that a BTC price crash is on the horizon even before the SEC gives the green light on spot Bitcoin ETFs. Economist Peter Schiff Warns of Potential Bitcoin Crash Schiff created a poll on social media recently and asked his more than 980,000 followers to vote on a timeline for the next Bitcoin crash. The poll attracted…
The most important asset administration agency on this planet is difficult the U.S. Securities and Trade Fee (SEC), contending that spot market Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) aren’t any completely different than futures ETFs. In a brand new submitting, funding titan BlackRock – which has over $8 trillion in belongings below administration – says that the regulatory company ought to approve spot market crypto ETFs because it has already greenlighted futures ETFs. “On condition that the Fee has accepted ETFs that provide publicity to ETH futures, which themselves are priced based mostly on the underlying spot ETH…
In addition to the widespread attention and media coverage, there exist many elements and forces that have the potential to significantly influence the trajectory of Bitcoin. In the face of the dynamic landscape of cryptocurrencies, as the year 2023 draws to a close, there exists a climate of conjecture, optimism, and tangible eagerness. Bitcoin, the pioneering digital entity, finds itself amidst this tumultuous environment, projecting a substantial influence of possibilities and prospects. The inquiry arises: Is it plausible that in 2024, the attainment of the highly sought-after $100,000 threshold will be realized? Bitcoin To $100K – The Main Catalyst The…
Finder’s board of crypto market experts has predicted a positive long-term increase in the price of Ethereum in 2023, 2025, and 2030. Ethereum To Surpass $14,000 By 2030? The price of Ethereum has been on a fairly positive sentiment since the news of BlackRock’s Ethereum Spot ETF filing news. The cryptocurrency saw a spike that took its price above $2000 this week. Industry specialists from Finder, an independent comparison platform and information service have stated that Ethereum will continue experiencing a price increase in the coming years. The comparison platform has predicted that Ethereum would drop to $1,840 by the…