Author: NBTC

In an unexpected shift in market sentiments, the world’s leading cryptocurrency by market capitalization, Bitcoin, has seen a notable spike in short liquidations today, according to recent data from crypto analytics platform Glassnode. After several days of persisting downturns in funding rates, Bitcoin has experienced a decent rally in price, wiping bearish traders out of the market. The dramatic shift was preceded by a rapid ascent in Bitcoin’s price, which saw it rally between $105,000 to $107,000 in just a few hours. Following this surge in Bitcoin’s price, traders holding short positions have seen a significant spike in liquidations within…

Ethereum is holding steady at the $2.5K mark. The market has witnessed liquidations totalling $100.82 million worth of ETH. Escalating bearish pressure in the crypto market has intensified the downside risks across the assets. All major assets have entered the red zone, marking their losses, with Bitcoin hovering at around $105.4K. Meanwhile, the largest altcoin, Ethereum (ETH), had a series of recovery attempts, and the big question looms: when will Ethereum break past $3K? ETH kicked off the trading day with the bulls leading the charge, as the asset recorded its daily high at $2,609. But the bears swiftly took…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. June has certainly started off with a bang, and we don’t expect things to slow down anytime soon. With lots of updates on the tariff front, Congress back from recess, and an FOMC meeting on the horizon, it’s going to be a busy month. Focusing on tariffs, though, here’s where we currently stand: After last week’s court drama, certain tariffs (including Trump’s fentanyl-related levies against Canada, Mexico and China) will remain in place until at least June 9. To recap: The US Court of International Trade…

The wider promise of stablecoins, cryptocurrencies whose value is tied to another asset, has remained elusive until now due to regulatory uncertainty, broker Canaccord said in a research report Wednesday. The passage of the GENIUS Act in the U.S. Senate changes everything, it said. The legislation, whose full name is Guiding and Establishing National Innovation for U.S. Stablecoins Act, is designed to bring stablecoin innovation back to the U.S. Winning Senate support was harder than is likely in the House of Representatives, the report said. Given the bill’s bipartisan support, stablecoin legislation in the U.S. is almost here. “Stablecoins represent…

Crypto users, influencers, and new traders were psyched about using Binance Alpha to unlock benefits, but the $ZKJ and $KOGE tokens experienced dramatic price swings that triggered mass liquidations. Some traders saw their investment go to waste, while others watched Alpha whales cycle trades between two Alpha tokens with minimal price exposure to farm points. These victims posted screenshots, angry threads, and questions on social media asking questions about whether the program was ever truly fair, and some critics even said Binance waited too long to act. Binance raised deeper concerns about its governance, transparency, and commitment to user protection…

Bitcoin (BTC) rebounded above $110,000 on June 9, regaining ground lost in last week’s selloff as investors rotated back into digital assets on the back of strong ETF inflows, easing macroeconomic tensions, and renewed optimism across risk markets. The world’s largest crypto reached an intraday high of $110,653 from a daily low of $105,426 earlier in the day during Asia and UK trading sessions. As of press time, Bitcoin was trading at $110,200, up 4.10% over the past 24 hours. The sharp climb comes amid strong demand from institutional and corporate buyers, especially via spot Bitcoin ETFs, as a key…

A Bitcoin-blockchain based decentralized finance (DeFi) project debuted a stablecoin fully backed by bitcoin BTC$104,748.51 tokens as part of its effort to build a financial system centered on the largest and oldest cryptocurrency. Elastos, developer of the BeL2 protocol, unveiled its bitcoin dollar (BTCD) on Wednesday. The project aims to create a digital version of the Bretton Woods system, the post-World War II agreement that pegged the U.S. dollar to gold, making the greenback the world’s reserve currency as a means of fostering monetary stability. Elastos said it is “reimagining [Bretton Woods] with Bitcoin at its core.” Stablecoins are tokens…

Ethereum is currently hovering around the $2,522 level after a mild drop of 0.4%, with the market showing mixed signals across multiple timeframes. The price structure has continued to consolidate within a wide parallel channel that started forming in late May, while indicators across momentum, volume, and volatility suggest a critical inflection point for the Ethereum price today. ETH Price: Smart Money Zones And Trend Channels Signal Mid-Zone Balance ETH price dynamics (Source: TradingView) Looking at the 4-hour chart, Ethereum price is stuck between a key supply zone near $2,650 and demand around $2,420. The Smart Money Concepts (SMC) indicators…

Changes to Trump-era tariffs are reportedly on hold as the president awaits a call with his Chinese counterpart. Meanwhile, the European Union has issued a warning of potential retaliation. U.S. stock indices closed mixed on Monday, June 2, as trade policy uncertainty kept investors cautious. The Dow Jones fell 194 points, or 0.46%, to 42,075, while the S&P 500 held flat at 5,909 points. The Nasdaq gained 61 points, or 0.32%. Trade policy was in focus, as tensions between China and the U.S. once again ignited. China accused the U.S. of discriminatory restrictions, especially relating to new controls on AI…

Exciting news for cryptocurrency enthusiasts and holders of the MERL token! Merlin Chain, a prominent Bitcoin Layer 2 protocol, has just announced a significant development set to capture the attention of those seeking yield in the digital asset space. The protocol is launching a new fixed-term Merlin Chain Staking program, offering a highly competitive annual percentage rate (APR) for participants. What is Merlin Chain and Why Does Staking Matter? Before diving into the specifics of the new program, it’s essential to understand what Merlin Chain is. It operates as a Bitcoin Layer 2 solution, aiming to enhance the scalability, efficiency,…