Author: NBTC
If you’ve been watching markets and feel like they’ve lost the plot, you’re not alone. Bitcoin jumped over 6% in 24 hours, breaking above $94,000 on April 23, its highest level since March, before easing slightly to current levels. It broke out of its month-long trading range just as macro uncertainty peaked. Table of Contents When risk-off becomes risk-on Bitcoin finally goes its own way? Powell, politics, and the Fed’s fragility Greed for Bitcoin returns The end of market logic? Final thoughts Signals clashed. Logic folded. The usual correlations began to fray. Bitcoin, the digital wildcard once written off as…
ARK Invest has expanded its crypto holdings by adding shares of 3iQ’s Solana Staking ETF (SOLQ) to two of its exchange-traded funds (ETFs). The asset manager confirmed the portfolio adjustments in a note to clients on April 21. The ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) now include shares of the Canadian-listed Solana Staking ETF. According to ARK Invest, these are the first US-listed ETFs with exposure to Solana. Both ETFs focus on disruptive technologies and include a portfolio of tech stocks, investments in crypto companies like Coinbase, Block, and Robinhood, and direct investments in…
AI meme tokens showed their resilience, with top assets gaining rapidly in the past week. The recent rally revived older hot assets, with some almost doubling in value. The AI narrative is recovering, led by the ongoing FARTCOIN rally. AI meme tokens regained value, for a total of $3.1B, after some of the top assets posted significant weekly gains. The AI token sector was almost frozen in Q1 after the initial hype, but some of the assets retained cult status and returned for new rallies. The rally was led by the irrational gains of FARTCOIN and GOAT, but other AI…
A Coinshares report predicts Bitcoin’s network hashpower will likely reach 1 Zettahash per second (ZH/s) by July 2025. Reaching 1 ZH/s signifies enhanced network security and strong miner confidence. Bitcoin Hashrate at End of Q4 Ahead of Projection Bitcoin’s network hashpower is on track to reach the unprecedented milestone of 1 Zettahash per second (ZH/s) as early as July this year, according to a new report by digital asset investment firm Coinshares. This projection significantly accelerates previous estimates, highlighting the robust growth and resilience of the bitcoin mining network. The report reveals that Bitcoin’s hashpower ended 2024 at 778 Exahash…
The crypto industry is having its moment while the global traditional markets are still suffering from uncertainty. Amid the unraveling tariff war, gold-backed tokens are glittering and investors are taking notice. Tether’s XAUt is leading the charge as it has gained by over 7% in the past 7 days while Bitcoin price rose by just 3% in the same period. Gold price smashed through the $3,500 mark for the first time ever, and US President Donald Trump might be one of the major reasons behind this rally. After launching a fresh barrage of criticism at Fed Chair Jerome Powell, markets…
Cryptocurrency juggernaut Ripple, San-Francisco-based, has resumed activities with its recently launched product – Ripple USD (RLUSD) stablecoin. After a two-day break, it has minted and also burned more RLUSD tokens. A massive amount of RLUSD has been involved here over the past twelve hours. 54 million RLUSD burned and minted Data shared by the Ripple Stablecoin Tracker (@RL_Tracker) account reveals that after a two-day pause, the Ripple behemoth has resumed issuing its dollar-pegged USD stablecoin. Roughly twelve hours ago, two chunks of RLUSD were minted and then incinerated by getting transferred to unspendable blockchain wallets: 12,000,000 RLUSD and 15,000,000 RLUSD…
Bitcoin is gearing up for a significant volatility event, triggered by $7.25 billion in options that are set to expire. Bitcoin’s (BTC) derivative market may soon become a catalyst for major moves for BTC. On April 25, $7.25 billion in Bitcoin options are set to expire, typically triggering significant volatility. Still, the direction of this volatility remains uncertain. According to Marcin Kazmierczak, co-founder and COO of oracle provider RedStone, Bitcoin has shown notable resilience. Compared to traditional markets, crypto assets have fared relatively well amid recent macroeconomic uncertainty. “Tomorrow’s expiry looks particularly spicy, coming at a time when the market…
Crypto-related stocks surged on Tuesday, riding the momentum of a broader crypto rally that has reignited risk appetite across digital assets with bitcoin (BTC) crossing above $90,000. Shares of Strategy (MSTR), the largest corporate BTC holder, and crypto exchange Coinbase (COIN) were up 8% to 9% during the session. Leading the move higher were bitcoin miners, with many of them posting double-digit gains, outpacing BTC’s 5% advance. Bitdeer Technologies (BTDR) rallied some 20%, while Bitfarms (BITF), CleanSpark (CLSK), Cipher Mining (CIFR), MARA Holdings (MARA), and Riot Platforms (RIOT) soared between 10% and 15% during the session. Meanwhile, the broader stock…
Prominent crypto commentator and XRP community figure Eri has drawn the attention of the XRP community to a crucial detail of the CME XRP futures contract. While XRP proponents beam with excitement over the imminent launch of the Chicago Mercantile Exchange (CME) XRP futures contract, popular community figure Crypto Eri has raised concerns about the contract’s settlement. For perspective, the prominent derivatives marketplace announced yesterday that it would launch an XRP futures contract on May 19, after months of speculation. The product will provide institutional derivative exposure to XRP, the fourth-largest cryptocurrency by market cap, with contract sizes of 50,000…
The self-custody Bitcoin (BTC) wallet built by Jack Dorsey’s fintech firm is shipping new features soon. Dorsey took to the social media platform X to tease upcoming features for Block’s Bitkey wallet, including “transaction verification, fingerprint reset, private wallet balances [and] private purchasing.” Dorsey also linked to a new blog post from Max Guise, Bitkey’s lead developer. Guise says a transaction-verification software feature will roll out by mid-year. “We’re also evaluating ways to provide even stronger transaction verification with hardware, and an optional cold wallet configuration for customers who don’t mind putting in a little more effort for more security.…