Author: NBTC

Bitcoin (BTC) is approaching its Aug. 25 high of $65,200, a resistance threshold that could hold BTC in a consolidation zone for more weeks, according to the latest edition of the “Bitfinex Alpha” report. BTC is up nearly 6% since the Fed cut the US interest rate by 50 basis points. Yet, the report highlighted that Bitcoin’s current rally is driven primarily by futures trading rather than spot market activity, which raises concerns about potential volatility and correction. Derivatives-fueled rally Global open interest (OI) in Bitcoin futures has reached $19.43 billion, surpassing the Aug. 25 value of $18.93 billion, while…

Ethereum’s (ETH) price is eyeing a significant rebound after losing nearly 9% of its value in the last seven days. As the altcoin builds momentum for the potential surge, shorts, who expect ETH’s price to keep decreasing, might face increased pressure. In this analysis, BeInCrypto looks at the factors that could drive Ethereum’s value higher. It also highlights the possible impact on traders looking to profit from the cryptocurrency’s price movement. Ethereum Targets Comeback, Shorts Under Pressure In anticipation of “Uptober,” a term used to describe a bullish October, several analysts predicted that ETH could reach $3,000. But after a…

According to the data published by Shibburn, the Shiba Inu army succeeded in pushing the burn rate to a big height, while SHIB is showing a massive price increase. Now, that the world’s largest cryptocurrency Bitcoin is recovering, the rest of the market is going green, and Shiba Inu is skyrocketing. SHIB burns rising high The aforementioned data source spread the word that since last morning the SHIB burn rate has demonstrated an astonishing increase of more than 708%. Still, despite the impressive burn rate rise, the total amount of the meme coins that has been destroyed is not too…

Consensys and HarrisX released a survey on the US election. Voters have a clear preference for friendly crypto policies, but neither party nor candidate has a convincing lead as the pro-crypto option. Republicans have a slight lead in perceived crypto-friendliness, but Democrats gain more from cross-party voters. Areas of Interest Consensys, in partnership with market research and data analytics firm HarrisX, released a new study on the upcoming US election. In its introductory blog post, the firm addressed several key areas of interest: crypto voters’ preference of party and candidate, the importance of crypto as a voting issue, in-depth looks…

Copper.co, a well-known player in the world of digital asset collateral management and custody has announced a new partnership. As per Copper.co, it is collaborating with Core Foundation to unveil the non-custodial BTC staking’s 1st-ever implementation, with Copper backing the staking activities and the $CORE coin through the resilient infrastructure. The platform took to its official X account to announce this initiative. 🔔 CORE and Bitcoin staking are going live soon on @CopperHQ 👏🎉 Full staking rewards reporting will be integrated into the UI and accessible via API & CSV download. Plus, DeFi transactions will be supported through Copper Connect!More…

Following a slow period for non-fungible token (NFT) sales in September, the past week has shown a 10.07% rise in revenue compared to the previous week. According to data from cryptoslam.io, the total NFT sales reached $85.8 million, with Ethereum contributing $27.75 million. NFT Market Sees $85.8M in Sales, Ethereum Tops $27M Over the past week, $85.79 million in digital collectible sales were recorded across 21 blockchain networks, cryptoslam.io reports. Ethereum led the way with $27.75 million, marking a 3% increase from the previous week. Bitcoin followed, generating $12.69 million in NFT sales, though this figure represents a 40.27% decline…

In the last few days, the price of Ethereum has dropped to just over $2,300. This is a decline that already started at the end of September and is continuing in these first days of October. The decline in the price of Ethereum (ETH): is there still room for a drop? The causes of the recent drop in the price of Ethereum (ETH) The large sales The competition The bull run The decline in the price of Ethereum (ETH): is there still room for a drop? On September 27, the price of ETH was about $2,700. Even then it was…

BRETT leads meme coin recovery, showing strong investor confidence. BRETT’s impressive growth places it in the top 5 gainers on CoinMarketCap. The major crypto markets have been attempting to recover after seeing considerable selling pressure in recent days. Meme coins appear to be leading the recovery, with some of them experiencing double-digit percentage gains. Among them, BRETT stands out the most. BRETT Leads the Meme Coin Recovery with Significant Gains BRETT experienced green movement alone during the early hours of the crypto market comeback, while other well-known meme coins such as WIF, DOGE, SHIB, and MEW remained in the red.…

There’s an old saying that the United States innovates and Europe regulates. While Europe’s tendency to regulate may cost it in some areas, having clear regulations may finally give it an advantage when it comes to the burgeoning blockchain and digital currency industries. According to the Deputy Governor of the Central Bank of Ireland, Derville Rowland, the clarity the EU’s MiCA regulations provide will enable her country to stay at the forefront of “safe innovation.” Rowland said she had two priorities regarding MiCA implementation: to work with other member states and relevant authorities to ensure coordination and consistency and to…

Traders seeking to divine Bitcoin’s next major price swing need look no further than the derivatives market, specifically options contracts. That’s according to Nick Forster, founder of DeFi derivatives protocol, Derive, who told Decrypt on Monday that the options market is beginning to see “reflexivity season kick in.” Reflexivity refers to the idea that market participants’ actions and expectations influence asset prices, and in turn, changing prices affect participants’ behavior, creating a feedback loop. The founder pointed to the 30-day call/put skew for Bitcoin options contracts as continuing to “track higher,” meaning traders are betting heavily on upside volatility and…