Author: NBTC

CryptoQuant’s Bitcoin Bull-Bear Cycle Indicator is flashing a green signal for the first time since March 2023. Here’s what it could mean for the asset. Bitcoin Now In “Early Bull” Phase On CryptoQuant’s Market Cycle Indicator As highlighted by an analyst in a CryptoQuant Quicktake post, the CryptoQuant Bitcoin Bull-Bear Market Cycle Indicator has signaled a shift for the cryptocurrency recently. This indicator tells us, as its name suggests, about the phase of the cycle that $BTC is potentially inside right now. The metric is based on CryptoQuant’s P&L Index, which combines the data of several key on-chain indicators to…

Strategy’s perpetual preferred stock STRC fell near record lows on Tuesday as investors seemingly balked at the company’s latest Bitcoin acquisitions. Michael Saylor’s variable-rate perpetual “Stretch” Bitcoin yield product declined by 3.58% to $91.79 on Tuesday, 8.2% below its target value of $100. Markus Thielen, CEO of 10x Research, said the dip is linked to Strategy’s recent Bitcoin buying. “The market would rather see MicroStrategy [Strategy] not acquiring more $BTC and rather keep the cash for dividend payments,” Thielen told Cointelegraph. “It appears traders are seeing the latest $BTC acquisition as an unsustainable path for STRC.” Stretch is designed to…

Illinois Governor JB Pritzker signed a $55.9 billion state budget bill into law on Tuesday, including a 0.2% “privilege tax” on crypto transactions, despite calls from crypto industry groups urging him to veto the provision. In a letter addressed to Pritzker ahead of the signing on Tuesday, the Crypto Council for Innovation called for a “line-item veto” of Article 3 of Senate Bill 3019, a transaction tax that applies to all digital asset transactions on any registered platform under broadly termed “digital asset business activity.” “This will create an unprecedented tax regime that disproportionately burdens Illinois residents for simply using…

Canadian fintech Wealthsimple is launching a prediction markets app powered by Kalshi, giving that country’s retail investors access to thousands of event-based contracts following regulatory approval earlier this year. The standalone app, called Wealthsimple Predict, is scheduled to launch this summer and will offer Canadian users access to about 4,000 event contracts listed on Kalshi across categories including financial markets, economic indicators and climate. Source: Kalshi The Canadian Investment Regulatory Organization (CIRO) in March authorized the firm to offer prediction market contracts tied to those categories. It is the second investment dealer authorized by CIRO to offer prediction market trading…

The Bitcoin [$BTC] adjusted SOPR has been above 1 for nine consecutive days in May, reported AMBCrypto. This metric measures if, on average, the coins being moved on-chain are in profit or at a loss. Scores above 1 indicate realized profits for holders. Bitcoin continued to trade above the psychological $80k mark as stronger holders absorbed the selling from profit-taking activity. Eventually, this absorption can dry out, resulting in a price correction. Historical trends warn of a steep $BTC correction In a post on X, Crypto Super Hub co-founder Jake Pahor warned that the CSH Score was above 40. This…

The Federal Reserve is expected to keep interest rates unchanged today, but that is not the main thing crypto traders are watching. Instead, all eyes are on new Fed Chair Kevin Warsh as he leads his first FOMC meeting. With Bitcoin recovering above $65,000, traders are waiting to see whether his comments on inflation, liquidity, and the economy could fuel the next crypto market rally. No Rate Cut Expected, But Markets Are Eyeing Warsh Speech The Federal Open Market Committee (FOMC) will release its policy decision today, followed by Kevin Warsh’s first press conference as Fed Chair. Markets are almost…

On April 22, 2026, Ripple announced it would merge its Swell conference with the XRPL Apex developer summit in New York City (NYC) from October 27 to 29, 2026, sparking hype. The event will unite institutional finance leaders and blockchain developers. Ripple’s strategy highlights $XRP’s role as financial infrastructure, as the token trades near $1.42. Ripple Merges Swell and Apex for the $XRP Event in NYC Ripple has officially announced that its flagship Swell 2026 conference will merge with its developer-focused XRPL Apex summit into a single program. The combined event will take place in NYC from October 27 to…

The US Congress has reached an agreement on a comprehensive legislative package covering housing and transportation infrastructure, but the legislation includes a significant provision closely related to the cryptocurrency and digital finance sector. The adopted regulation will prevent the US Federal Reserve (Fed) from issuing central bank digital currencies (CBDCs) until 2030. The legislative package, dubbed the “21st Century Housing and Roads Act,” focuses primarily on housing finance, infrastructure investments, and transportation projects. However, the inclusion of a CBDC provision in the bill marks a new phase in the long-running political debate surrounding the digital dollar. Central bank digital currencies…

Hyperliquid has faced a wave of criticism over its handling of UK sanctions against crypto exchange $HTX. According to a user known as “as required,” the platform has adopted the harshest possible interpretation of the sanctions and is blocking wallets that only indirectly interacted with $HTX. Addresses associated with Bybit may also be affected. The controversy stems from UK sanctions imposed on Huobi Global SA, a company associated with $HTX, on May 26, 2026. Authorities suspect the exchange of helping Russia evade sanctions by transferring more than $1.5 billion through the so-called A7 network. Under UK regulations, the restrictions apply…

Bitcoin price started a recovery wave above the $80,500 zone. $BTC is consolidating and might aim for more gains if it clears the $81,500 resistance zone. Bitcoin managed to form a base above $80,000 and started a recovery wave. The price is trading above $80,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $81,500 on the hourly chart of the $BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $81,500 zone. Bitcoin Price Eyes Fresh Upside Break Bitcoin price remained supported above the…