Author: NBTC
In the Thanksgiving weekend, Bitcoin enjoyed strong momentum while maintaining a positive Coinbase Premium Gap and indicating that demand on Coinbase remains intact. The appeal of the cryptocurrency to investors is underlined by its superior performance on risk-adjusted metrics: Sortino and Sharpe ratios. On the other hand, demand from new participants balances sell pressure and keeps the market from further decline. – Advertisement – Coinbase Premium Gap Signals Strong Bitcoin Buying Activity Over the Thanksgiving weekend, Bitcoin’s Coinbase Premium Gap remained in positive territory as demand for Bitcoin on Coinbase increased. This metric measures the price of Bitcoin on Coinbase…
Cryptocurrency analysis firm Santiment reported that despite declines in Bitcoin and altcoins, cryptocurrency whales remain extremely active. According to analysts, the altcoins with the highest whale activity, with a market value of more than $500 million, and whale activity increases are listed as follows: dYdX (DYDX) – 3400% Creditcoin (CTC) – 1633% Jasmy (JASMY) – 616% 1inch (1INCH) – 580% Safe (SAFE) – 566% Compound (COMP) – 454% Baby Doge Coin (BabyDoge) – 400% Mantle (MNT) – 333% Wootrade (WOO) – 300% Quant (QNT) – 285% Santiment stated in his statement that altcoins that show a sudden increase in whale…
Last week, Federal Reserve Chairman Jerome Powell wanted everyone to know one thing: the Federal Reserve isn’t touching Bitcoin. Not now, not ever. During a press conference following the Fed’s monetary policy meeting, Powell made it painfully clear that any plan to stockpile Bitcoin wouldn’t get his support. The result? The crypto market took an immediate nosedive. Bitcoin’s price, which had been climbing earlier this week, pulled back hard. The odds of a Bitcoin Strategic Reserve (BSR) dropped from 40% to 34% on Polymarket just hours after Powell spoke. Meanwhile, the entire crypto market lost 7.5% of its value, wiping…
Metis, a blockchain-based platform focusing on scalability, storage efficiency, and speed, has announced a collaboration with NextMate.AI. The partnership targets to revolutionize the AI-led prediction markets, enhancing the overall consumer experience. The platform announced this collaboration on its official social media account. Excited to see a new wave of meme AI agents on Metis! Welcome @nextmate_ai, marking a new chapter in AI-driven prediction markets powered by Metis’ Layer 2 infrastructure.Combining prediction markets with memecoin utility and gamification, NextMate AI fosters a unique,… https://t.co/veMkbOKXaa — Metis🌿 (@MetisL2) December 24, 2024 Metis and NextMate.AI Join Forces to Boost the AI-Led Prediction Markets…
Bitcoin has recently reached an all-time high (ATH) of $99,595, fueling optimism that the $100,000 mark is within reach. However, volatility has kept Bitcoin from breaching this psychological barrier. Despite this, Bitcoin ETFs have seen record inflows, suggesting that a push toward $100,000 is imminent, with institutional support playing a crucial role. Bitcoin ETFs Are Driving the Rally In November, Bitcoin ETFs recorded $6.1 billion in inflows, the highest monthly influx since the launch of spot Bitcoin ETFs in January. This surge indicates that investors are becoming more comfortable with the asset, preferring the security of regulated ETFs over direct…
Analytics X account @spotonchain has revealed that earlier today, a whale purchased almost 150 billion Shiba Inu meme coins. This whale decided to return to SHIB as an investment tool after they had earned an impressive amount of dollars on it earlier this year. However, apart from SHIB, this mysterious whale grabbed several hundred billion PEPE and half a million NEIRO. Whale goes on huge meme coin buying spree Spotonchain has revealed that the aforementioned whale spent $12.8 million worth of DAI stablecoins to make a huge crypto acquisition: 114.5 billion SHIB worth almost $4 million; 326.3 billion PEPE valued…
Cryptocurrencies are becoming increasingly integrated into the modern financial reality, and like any other asset, they are subject to taxes. As a relatively new and rapidly growing asset class, cryptocurrencies attract increasing interest from investors and governments. As the global economy adapts to this digital innovation, countries take different cryptocurrency regulation and taxation approaches. How do cryptocurrency tax policies work around the world? Table of Contents Which countries require you to pay taxes on cryptocurrencies? Why do some countries not have to pay taxes on cryptocurrencies? Countries where cryptocurrencies are banned Why do some countries not pay taxes on cryptocurrency?…
Amid the exciting turn of events in the crypto space, Unmarshal, an advanced AI-powered blockchain data infrastructure, has announced its strategic partnership with Ispolink. It marks a new era of innovation at the horizon of AI-driven talent matchmaking and multi-chain data solutions. Ispolink transforms the connection of talents with companies in DeFi, Blockchain, and the sector of gaming. 📢 Partnership Announcement 📢We’re thrilled to announce our partnership with @ispolink !Together, we’re pushing the boundaries of Web3 innovation, combining Unmarshal’s multi-chain data expertise with Ispolink’s AI-driven hiring and immersive ecosystem. 🧵⤵️ pic.twitter.com/ZaF6afugkO — Unmarshal 2.0 | Mainnet⌛️ (@UnmarshalAI) December 24, 2024…
Bitcoin has started a fresh decline, approaching the crucial $93,257 support level that has proven to be a battleground for bulls lately. Thus, the question remains whether buyers can regain control and defend this level once more. As uncertainty looms, all eyes are on this critical zone, which could determine whether Bitcoin bounces back or faces a deeper downward trajectory. With market volatility increasing, this article aims to delve into BTC’s renewed drop toward the $93,257 support level, assessing the likelihood of a bullish defense at this critical point. It examines technical patterns, market sentiment, and key levels to better…
Circle, a peer-to-peer payments technology firm and issuer of the USDC crypto stablecoin, has unveiled its upgraded Coss-Chain Transfer Protocol, CCTP V2. With the new improvement, Circle addresses the issues of liquidity fragmentation and poor user experiences limiting USDC transfers. Chainlink CCTP V2 Upgrade, Key Features to Watch In an X post, Circle highlighted that introducing CCTP V2 will revolutionize the future of cross-chain transactions. According to the announcement, Circle plans to launch CCTP V2 on the Ethereum mainnet, Base, and Avalanche in early 2025. The new version will allow for faster-than-finality cross-chain USDC transfers across different blockchains. https://twitter.com/circle/status/1866121331239969152 With…