Author: NBTC

Bitcoin is currently priced at $67,350, with a market capitalization of $1.32 trillion and a trading volume of $42.36 billion. The cryptocurrency’s price has fluctuated within the range of $66,665 to $70,028 over the last 24 hours. Bitcoin Recent trends in the daily chart reveal bitcoin (BTC) reaching a peak of $71,958 before retreating to its current price range. The volume has shown significant drawdowns, indicating selling pressure. Candlestick patterns, such as bearish engulfing, suggest potential reversal points, particularly around the recent peak. The 4-hour chart mirrors the daily trend, showing the same short-term high at $71,958 followed by a…

Bitcoin (BTC) has recently rallied to the $72,000 resistance of a 3-month price range and suddenly dropped back to $67,000. This volatility created imbalances in the derivatives market, now weighted toward Bitcoin short-sellers, possibly leading to an impending short squeeze. Notably, since late February, Bitcoin has kept the $12,000 price range from $60,000 to $72,000. In the meantime, two deviations from the range marked a rally to $73,805 for a new all-time high and a sudden crash to $56,537. On May 21, the leading cryptocurrency precisely reached $72,000 again, and Bitcoin short-sellers jumped in betting in the pattern. As developed,…

Chris Larsen, the Ripple Chairman, discloses the inspiration behind the company’s name and the rebranding from the initial name OpenCoin. Larsen divulged this information in a recent interview with Ben Fong-Torres, discussing the origin of the payments firm. Originally founded as OpenCoin in 2012, Ripple has become a significant player in the digital payment and cryptocurrency scene. The story behind its rebranding to Ripple is interestingly rooted in music history. XRP community figure XRPDROPZ spotlighted the interview in a post on X. During the interview, Fong-Torres inquired whether the name Ripple was inspired by the famous 1970 Grateful Dead song.…

Bitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $2.77 per transaction, with low-priority to high-priority transfers costing between $0.38 and $0.95 per transaction on May 24. Bitcoin Transfer Fees Reach Lows Not Seen Since November 2023 Transferring BTC onchain is now more affordable than it has been all year or since November 2023, as indicated by data from bitinfocharts.com. Currently, the average transaction fee stands at 0.000041 BTC or $2.77 per transfer. A median-sized transaction on the Bitcoin blockchain costs 0.00002 BTC or $1.34 per transaction.…

While altcoin whales have been active in recent days, there are both sellers and buyers. Wintermute, one of the giant market makers, also deposited $12 million worth of Arbitrum (ARB) to Binance hours ago. According to a post by on-chain analyst The Data Nerd, three wallets belonging to Wintermute deposited 12.3 million ARB worth $12 million to Binance. Notably, Wintermute had withdrawn all these ARB tokens from Coinbase two days ago. “3 hours ago, 3 wallets belonging to Wintermue deposited 12.3 million ARB (worth approximately $12 million) to Binance. All of the above tokens were withdrawn from Coinbase 2 days…

MetaMask announces Bitcoin integration, sparking mixed reactions from users who debate the focus on new features against improving current ones. MetaMask, a digital wallet in the Ethereum ecosystem, is set to expand its reach by integrating Bitcoin support. While the timeline for this integration remains uncertain, sources indicate that Bitcoin functionality could be available on MetaMask in the next month. Initially, this support may be limited, with plans for feature expansion over time. 🚨 METAMASK TO ADD BITCOIN SUPPORT Popular self-custodial wallet MetaMask, which is primarily an Ethereum wallet, has expanded beyond Ethereum with Snaps and plans to add Bitcoin…

Based Brett is off to a ripper onchain summer. Base’s biggest memecoin has gone from under $10 million market capitalization to nearly $2 billion in 101 days. BRETT is now a whisker away from flipping Solana dog coin BONK (there’s less than 7% between them this morning). BONK hit an all-time high in March and has since retraced by about 40%, while BRETT — which launched only days earlier — has gone 200x. BRETT would still need to flip WIF to properly unseat the Solana dog coins Read more: These cryptocurrencies hit all-time high alongside bitcoin’s recent pump It’s rare…

Unfortunately, it’s not looking good for FTX customers looking to raise the tragically low bitcoin price that the bankruptcy estate will use to calculate their repayments. Yesterday, a US bankruptcy judge denied a victim’s request to use a higher price than $16,871. Specifically, the judge denied Australian Bitcoin miner NuGenesis Ou’s request to vacate a January 31 ruling that set the USD calculation date for crypto asset pricing to November 11, 2022. On a separate and unrelated issue, NuGenesis also complained about FTX calculating the price of its proprietary token, NuCoin, at $0 as of November 11, 2022. More relevant…

Shibburn shared recent data that shows astounding growth in one of the key SHIB metrics – the burn rate. Since last morning, it has suddenly skyrocketed. Meanwhile, a SHIB team executive has shared her take on the potential launch of SHIB ETF in the future. In the meantime, SHIB has failed to recover after a recent price decline. Shib burn rate explodes The aforementioned platform, Shibburn, tracks SHIB transactions made to dead-end wallets on Etherscan and then accumulates them on its own website for the Shiba Inu community. After the latest update, the web page showed that over the last…

The appetite Bitcoin whales have for more coins has returned for the first time since the price of Bitcoin reached its all-time high in March, according to blockchain data. “They are now returning with a strong buying force again, indicating that the current prices are suitable for purchasing and accumulating despite the widespread fear,” market intelligence firm CryptoQuant tweeted on Friday. Analysts cited a rise in the 30-day percentage change in whale address holdings, alongside a rising total BTC balance held by whales. In on-chain terms, a ‘whale’ is the owner of any Bitcoin address holding between 1,000 BTC and…