Author: NBTC

XRP’s price dropped sharply from $2.59 to $2.31 within 24 hours, bringing its market cap down by 12% to $131.42 billion. This decline pushed XRP out of its spot as the third-largest cryptocurrency, falling behind Tether (USDT). Futures trading volume also plummeted from $32 billion to $16 billion, signaling reduced market activity. The decline is largely tied to increased selling pressure and market speculation, potentially influenced by the delay in Ripple’s RLUSD token launch. With this fluctuation, the community is in doubt that RLUSD may impact XRP which is initially planned to operate on Ripple’s XRP Ledger (XRPL). But analysts…

BlackRock’s Bitcoin exchange-traded fund (ETF) has recorded zero inflows for the past two days. Institutional investors have lost their appetite for Bitcoin exposure despite the ongoing bull market in the broader cryptocurrency space. Institutional caution amid market volatility Data from Farside Investors reveals that BlackRock (IBIT) last recorded an inflow on Nov. 25. Since then, the ETF giant has not registered interest from institutional players. This development has shocked many, given that BlackRock’s performance has often supported the ETF market in staying in the green zone. Market trend observers have attributed the decreased interest to market volatility amid the ongoing…

Ethereum (ETH) consolidated near $3,400 on Tuesday, poised to close the year with an approximate 50% return. Ethereum has yielded underwhelming gains compared to Bitcoin and most altcoins ranked in the top 20 tokens by market capitalization The narrative could change in 2025 with catalysts like the upcoming Ethereum upgrade, accumulation by institutional investors, and other market movers. Table of Contents Ethereum gears for Pectra upgrade in 2025 Institutional investors accumulate Ether during dips US based Spot Ethereum ETFs could pass on staking yield Higher adoption among institutions, outside of token utility Technical analysis and targets Ethereum gears for Pectra…

Since the launch of the Solana (SOL)-based Peanut the Squirrel (PNUT), the memecoin has rallied more than 13,000x in less than two months. The mid-cap memecoin, with a fully diluted valuation of about $1.38 billion and a daily average traded volume of about $1.94 billion, gained mainstream adoption following the recent listing on the Binance cryptocurrency exchange. Furthermore, the PNUT token has attracted more than 72k on-chain holders due to the deep liquidity of more than $20 million on different Solana-based DEXes led by Raydium, and Jupiter. Lucky PNUT Trader Exits Via Binance According to on-chain data analysis by Lookonchain,…

It is Thanksgiving in the U.S., and Michael Saylor, cofounder and chairman of MicroStrategy, has sent out a tweet that has resonated strongly within the cryptocurrency community. In an X post, Saylor simply stated, “Thank you Satoshi.” This heartfelt acknowledgment is a monument to Bitcoin’s pseudonymous creator, Satoshi Nakamoto, and comes at a time when the cryptocurrency is gaining widespread acceptance, with its price approaching $100,000. Bitcoin reached a record high of $99,849 last Friday. Thank You, Satoshi. pic.twitter.com/qLzRtikxKR — Michael Saylor⚡️ (@saylor) November 28, 2024 Satoshi Nakamoto, the pseudonymous creator of Bitcoin, introduced the world to a decentralized digital…

Ethereum (ETH) price is up over 3% in the last 24 hours, showing signs of recovery as the year ends. Unlike Solana and Bitcoin, which reached new all-time highs in 2024, ETH fell short of achieving this milestone. Key indicators like RSI and DMI suggest that bullish momentum is building, with ETH nearing a critical resistance at $3,523. Whether the altcoin can break higher or retest lower support levels will define its short-term price trajectory. ETH RSI Is Going Up Ethereum Relative Strength Index (RSI) is currently at 56.2, reflecting a steady recovery after dropping below 20 on December 20.…

VeChain has launched the Renaissance Protocol to upgrade its blockchain for mass adoption and align with evolving technology. Key updates include reimagined tokenomics, improved interoperability with Ethereum, and new tools. In a recent post on X, VeChain announced the “VeChain Renaissance,” a revolutionary plan to prepare the network for the age of mass blockchain usage. This update seeks to align VeChain’s technology and tokenomics with global standards and open the network to developers and institutions. One of the key aspects of the VeChain Renaissance was the change in token distribution. The upgrade incorporates a new consensus mechanism, new VTHO token…

Bitcoin’s (BTC) pullback from the $100,000 level after continuously hitting fresh new highs is only a temporary setback before eventually shooting past the barrier to even higher prices, crypto analytics firm CryptoQuant said. According to a Wednesday report shared with CoinDesk, multiple blockchain data metrics suggest that the largest crypto has more room to run before topping. CryptoQuant’s custom P&L index, which combines several on-chain valuation metrics to signal whether BTC is overvalued or undervalued, shows that the asset is firmly in a bull market but far from the overvalued levels it reached at the previous market peaks in 2021,…

An Ethereum whale, known for strategic trading activity, recently added 22,919 ETH worth $77.2 million to their portfolio at an average price of $3,368. This transaction, occurring just four hours ago, underscores the trader’s aggressive positioning in the market as Ethereum prices show signs of resilience. A whale bought 22,919 $ETH($77.2M) at an average price of $3,368 again 4 hours ago.Since Aug 12, this whale has made 25 swing trades in $ETH and $WBTC, 21 of which were profitable, with a win rate of 84%, and a total profit of $4.57M.https://t.co/LGiKOWKUqz pic.twitter.com/smncJ2Qnhp — Lookonchain (@lookonchain) December 31, 2024 The whale’s…

Cardano (ADA) has achieved a significant milestone by topping 100 million transactions. This achievement highlights the network’s expansion and increasing adoption. November was a notable month for Cardano, with the ADA price surging 216% in a tremendous rise. The Cardano network also experienced an increase in transaction volume. According to November development highlights shared by Cardano developer Input Output Global (IOG), the total number of transactions for Cardano increased by 2.65 million over the month to a total of 100.57 million. Another month, another set of strides for the Cardano ecosystem. Take a look at November’s main updates and achievements…