Author: NBTC
With bitcoin in retreat again, analysts are looking for technical indicators and signals that could provide clues as to where it is heading next. On Aug. 12, crypto derivatives data provider CoinGlass reported that the liquidity heatmap is showing key first-test lines at around $56,800. If BTC prices bounce off this level, it will test higher ones but a weaker bounce could result in further downsides, it noted. #BTC Liquidity / Orderbook Heatmap First test $56800, if the bounce is strong, we will test higher levels. If the bounce is weak, we will go to lower price levels. 👉https://t.co/z9WYoWqeVP pic.twitter.com/S72yJNag7v…
This summer, crypto restaking protocols were rallying to new heights. Almost without exception, these leveraged plays on the native yield of proof-of-stake blockchains like Ethereum and Solana were attracting all-time high capital inflows. As of June 5, their total value locked (TVL) — a convenient albeit incomplete metric for judging the size of crypto protocols — had crested $21 billion. Protos has created a chart illustrating the breakdown of this TVL — click here to view. However, as of publication time, the assets in those protocols had declined by one-third to $14 billion. As investors return from summer vacation, university…
Ethereum is trading near its yearly low of $2,400 after an 18% drop from local highs. ETH has notably underperformed compared to Bitcoin and other altcoins like Solana this cycle, leading to investor concerns. One of the key reasons for this underperformance is the lack of enthusiasm surrounding Ethereum ETFs. Metrics from these funds show low interest from traditional investors, adding to the bearish sentiment around ETH. As the crypto market is gripped by fear and uncertainty, Ethereum traders are searching for clues on whether a potential recovery is on the horizon. Top analysts and investors have started sharing their…
The real-world assets (RWAs) tokenization sector is predicted to become a multi-trillion-dollar market, but achieving this growth will likely require a unified global regulatory framework, according to Shy Datika, founder and CEO of INX. Datika, a veteran of both traditional and digital finance, argues that such a framework would not only provide clarity but also ensure that industry players are not hampered by the complexity and cost of navigating diverse regulations. INX Founder Urges Harmonization of RWA Standards However, in written responses shared with Bitcoin.com News, Datika concedes that achieving this ideal framework might not be possible due to the…
The Fear & Greed Index for Bitcoin, the leading cryptocurrency, has plunged back into “extreme fear” territory with 25 points out of 100. This came after the cryptocurrency plunged to an intraday low of $58,134 on Monday on the Bitstamp exchange. More than $123 million worth of long positions have been liquidated, according to CoinGlass data. As reported by U.Today, Bitcoin endured a massive crash last Monday, collapsing all the way to $49,557 on the Bitstamp exchange. This was due to contagion from global stock markets. However, the leading cryptocurrency managed to recover in mere days in tandem with global…
Injective has introduced a new tokenized index for BlackRock’s BUIDL Fund, enabling users to track the fund’s supply. According to a statement from Injective (INJ), this index is the first perpetual market of its kind. It will allow users to gain access to the BUIDL Fund in a way that was previously unavailable. The BUIDL Fund, also known as the BlackRock USD Institutional Digital Liquidity Fund, is BlackRock’s first tokenized offering on a public blockchain. It provides institutional investors with exposure to U.S. treasuries and other assets. The BUIDL fund allocates investments into U.S. Treasury bills, cash, and repurchase agreements,…
Stacks, a Layer 2 blockchain designed to improve Bitcoin, has launched the Nakamoto upgrade to speed up transaction speeds. Named after Bitcoin’s pseudonymous creator Satoshi Nakamoto, the upgrade will separate Stacks’ block production from Bitcoin’s schedule. The upgrade introduces a new approach to block production using a Proof-Of-Transfer consensus mechanism. In this system, users burn Bitcoin (BTC) to generate Stacks blocks and earn rewards. The method began rolling out in April, with “signers” of blocks verifying “tenures” of transactions. Stacks aims to increase its utility by incorporating smart contracts and decentralized finance features on top of Bitcoin. Additionally, Stacks has…
Bitcoin enters a Bull Flag pattern after its fourth halving, hinting at a potential bullish surge based on historical trends. Despite bullish potential, Bitcoin’s RSI at 42.38 and bearish MACD suggest market caution, with no strong buying signals. Historical halving events often precede substantial growth, but 2024’s post-halving market shows cautious sentiment so far. Crypto analyst @JavonTM1 on X, pointed out that Bitcoin (BTC) has entered a Bull Flag pattern after its fourth halving event. Historically, such patterns have preceded major bullish movements in Bitcoin’s price. The potential for another surge seems to be building. #Bitcoin (BTC) entered a Bull…
A whopping 70% of Trump-backed World Liberty Financial’s WLFI tokens will be reserved for the project’s insiders, according to a white paper draft obtained by CoinDesk. Of the remaining 30% of the tokens distributed via a public sale, the founding team will also receive a portion of the proceeds. When asked if a 70% allocation to insiders is high, one source who advises projects on such matters replied, “LMAO. Nice joke, ser.” World Liberty Financial, the new crypto lending platform promoted by former U.S. President Donald Trump and his sons, advertises itself as a way of “putting the power of…
Leading crypto tracking platform Whale Alert calls attention to the movement of over 79 million XRP to two top exchanges Binance and Bitso. 60 Million XRP Moves to Binance Data from Whale Alert shows that the most recent transaction occurred earlier today, featuring the transfer of 60 million XRP to Binance. According to Whale Alert, the funds were deposited to Binance today at 02:51 (UTC). At the time, the funds were worth $34.19 million, indicating that XRP was priced at $0.5699. For context, investors usually move funds to exchanges like Binance whenever they intend to sell or convert them to…