Author: NBTC

With Bitcoin Pizza Day pushing BTC past $111,000, are we just getting started? How high is Bitcoin going to go from here in price discovery mode? Table of Contents Why is Bitcoin going up? Bitcoin pizza day brings tonnes of inflows Bitcoin technical analysis How high is Bitcoin going to go? Why is Bitcoin going up? Bitcoin (BTC) reached a new all-time high of $111,861 in early trading on May 22. The date also marks Bitcoin Pizza Day, which commemorates the first real-world purchase made with Bitcoin in 2010, when 10,000 BTC were spent on two pizzas. At today’s price,…

Orca, one of the leading decentralized exchanges (DEXs) in the Solana ecosystem, is preparing to launch a brand-new token Launchpad by the end of July or early August. This initiative brings a fresh approach to token distribution, specifically designed to give human users an edge over bots—a growing issue in public token sales. So what makes Orca’s Launchpad unique, and how does it aim to reshape the landscape of Solana-based token launches? A Fairer, Human-Centric Launchpad Experience Orca’s upcoming Launchpad is designed to create a more accessible and equitable token launch process. At the core of this platform is a…

Ethereum’s price action in the past seven days has seen it finally touch the $3,000 resistance zone for the first time in months. This interesting move comes amid growing institutional attention caused by the massive inflows into Spot Ethereum ETFs and Bitcoin’s recent climb to new all-time highs. Ethereum has gained over 17% in the past seven days alone, reaching a new local high of $3,065. Interestingly, bullish technical structures are starting to emerge that could send the ETH price soaring toward new all-time highs. Two analysts have now spotted classic bullish setups, both hinting at a significant rally on…

The Bank of Korea (BOK) Governor Lee Chang-yong has expressed concern about the issuance of won-denominated stablecoins by non-bank entities. He shared his concerns during a press conference after the BOK’s Monetary Policy Committee decided to maintain the base interest rate at 2.50%. BOK Governor is worried about future confusion The topic of stablecoins has taken center stage in various countries, and South Korea is no different. However, despite the idea’s popularity, the Bank of Korea has often urged caution on the matter. As such, it did not surprise many when the BOK’s governor expressed concern at a press conference…

Over the past week, the SHIB community has managed to achieve significant progress in removing SHIB meme coins from the supply that is circulating in the market – a ten-figure amount of SHIB has been burned. As for the daily burns, there has also been a significant rise, though it’s only in the four-digit percentage range. 1.3 billion SHIB gets burned within week According to data provided by the “Shibarium/BONE updates” (@Shibizens) affiliated with the Shiba Inu team, during the past seven days, the SHIB community has succeeded in burning a staggering chunk of meme coins comprising 1,338,380,740 SHIB. The…

Key Takeaways The Thai SEC and central bank has introduced a crypto sandbox to allow foreign tourists to convert digital assets into baht for local spending. Direct crypto payments are prohibited, and converted funds must be used via regulated e-money platforms across Thailand. Thailand’s Securities and Exchange Commission (SEC) and the Bank of Thailand plan to launch a crypto regulatory sandbox that enables foreign tourists to convert crypto assets into baht for local spending, expanding beyond an earlier Phuket-focused initiative, the Bangkok Post reported on Wednesday. Thailand’s new initiative, currently open for public hearing, would allow tourists to exchange crypto…

Bitcoin price remained near its all-time high after a stellar surge on May 21, with bulls largely in control as the market eyed price discovery. After hitting highs of $111,861, Bitcoin (BTC) traded to around $110,300 before rebounding higher. Despite the spike to a fresh peak, with Bitcoin outpacing the Dow Jones Industrial Average as stocks struggled, the market hasn’t witnessed a significant profit taking scenario so far. What are analysts saying about Bitcoin price? Notably, all BTC addresses flipped profitable as the cryptocurrency rallied. Yet on-chain data shows the benchmark digital asset is “still not overheated.” CryptoQuant analyst Crypto…

A growing number of investors are starting to shift their liquidity from traditional instruments like Treasury bills and money market funds into decentralized finance (DeFi) platforms, as anticipation builds around possible U.S. Federal Reserve rate cuts. On-chain data and financial trends show that a portion of the trillions of dollars tied to fixed-income assets is preparing to move into decentralized, yield-generating strategies. DeFi stablecoin lending has emerged as a major beneficiary of this trend. What can you do to frontrun rate cuts like Smart Money?Accumulate major public network tokens where Genius Act issuers can issue their Stable Coins ($SOL $SUI…

Ethereum price started a fresh increase above the $3,020 zone. ETH is now consolidating gains and might correct lower toward the $3,040 zone. Ethereum started a fresh increase above the $3,040 level. The price is trading near $3,050 and the 100-hourly Simple Moving Average. There was a break above a bearish trend line with resistance at $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains supported above the $3,000 zone in the near term. Ethereum Price Extends Gains Above $3,000 Ethereum price started a fresh increase above the…

Digital assets platform Nexo reported a 72% year-over-year rise in crypto-backed borrowing through the Nexo Card as users choose to hold their assets instead of selling, as per the information shared with Finbold on July 10. Nexo’s 2024 Card Report shows that over 100,000 Bitcoin (BTC) and 750,000 Ethereum (ETH) avoided being sold through users accessing the Nexo Card’s collateralized credit line. Weekly card transaction frequency jumped by 324% across the European Economic Area. “Today, people don’t want to choose between their financial future and their present needs — and the Nexo Card reflects that,” noted Chief Product Officer Elitsa…