Author: NBTC
Bitcoin (BTC) is currently maintaining its position above $70,000 as the market anticipates how the maiden cryptocurrency’s price will evolve ahead of the upcoming halving event. With the event often associated with bullish sentiment, Bitcoin will need to surpass its previous record high of over $73,000 to reach new heights. In this case, a crypto analyst by the pseudonym El_crypto_prof has underscored Bitcoin’s potential to achieve a new record high, suggesting that it could surge to $80,000 in the near future. Through an X (formerly Twitter) post on April 12, the analyst highlighted a key metric known as the Mayer…
Bloomberg ETF analyst James Seyffart believes that spot Ethereum ETFs could see 20% to 25% of the demand experienced by spot Bitcoin ETFs. Seyffart expressed his stance in an interview hosted by Bitwise, adding that his fellow Bloomberg ETF analyst, Eric Balchunas, believes the new funds will see 15% to 20% of the demand. Seyffart compared both estimates to the fact that ETH has approximately 30% of Bitcoin’s $1.4 trillion market cap, calling his estimate a “discount” in that regard. He attributed the difference to certain limitations of each product. ETH ETF issuers will not engage in staking, meaning that,…
The settlement with Genesis means users will get 100% of their funds returned Gemini co-founder Tyler Winklevoss calls Gemini “financial fraud” in a press release. Gemini announced Wednesday that its Gemini Earn users have received all their digital assets back in-kind. This means, for instance, that if a customer lent one bitcoin to the Earn program, they will receive one bitcoin back, the company said in a release. Gemini said Earn users have received $2.18 billion of their digital assets back in-kind. This represents a 232% recovery from when Genesis, Gemini’s Earn partner, halted withdrawals, causing Gemini to pause withdrawals…
Recent reports revealed a subsequent decline in the Japanese Yen, keeping investors anxious. While the Yen dropped to a multi-year low, SBI CEO Yoshitaka Kitao’s previous statement on the potential of XRP once again gained traction. A crypto enthusiast, known on X as Amelie shared an X post reflecting Kitao’s preference for Ripple’s XRP. While Amelie shared insights on the recent downfall of the Yen, she stated that it could be compensated with the establishment of an XRP payment system in Japan. She added, “We need to totally update the system!” The Japanese yen 💴 is experiencing almost a complete…
Founder and former chief executive of MicroStrategy, grand Bitcoiner Michael Saylor, has taken to the X social media network to send his numerous followers a new BTC-related message. This message provoked a mixed reaction from the cryptocurrency community. Saylor’s new “divine” Bitcoin message and Mandalorian post Michael Saylor published an AI-generated image of BTC, giving it a caption that goes: “Bitcoin is Divine.” The Bitcoin community eagerly responded to that message. Prominent crypto YouTuber Lark Davis stated: “There’s nothing like Bitcoin.” The official account of the Kraken exchange pointed out that this time Saylor has come dangerously close to talking…
Ethereum remains resilient but struggles to surpass $3,800, hinting at a potential rally. A surge in trading volume and positive technical indicators boost market optimism. Analysts are cautiously optimistic about Ethereum’s potential to reach $4,000, supported by forecasts and bullish sentiment. Ethereum (ETH) is gradually shaking off the bearish pressures, though its ascent beyond the $3,800 mark remains elusive. Market observers note a steady climb, yet the digital currency seems to hover around the $3,600 threshold following a necessary correction. This seesawing in price dynamics suggests an underlying strength, signaling a potential rally on the horizon. Meanwhile, recent trading activity…
The RWA tokenization protocol Blocksquare revealed today that $100 million worth of tokenized assets had been tokenized. This announcement coincides with the launch of Blocksquare’s launchpad, Oceanpoint v0.5. The noteworthy accomplishment of tokenizing $100 million in real estate assets on its platform features 118 distinct properties, ranging from apartments to restaurants, parking lots, hotels, and medical facilities spread across more than 21 nations. As shown by the first notarization of a tokenized real estate transaction on the EU land registry, Blocksquare’s success may be attributed to its legal framework. With this accomplishment, secure on-chain activities are made possible, establishing a…
The number of tokens exceeds 14,000, and the crypto market cap stands at $2.4 trillion, but more may not always be merrier. Forbes has identified a group of 20 cryptos, dubbed “zombie blockchains,” that maintain high market valuations despite showing little to no real-world utility or user adoption. The list includes well-known names such as Ripple (XRP), Cardano (ADA), Litecoin (LTC), Bitcoin Cash (BCH), and Ethereum Classic (ETC), all of which are characterized by their continued operation and trading without fulfilling practical purposes. The term “zombie blockchains” refers to blockchain projects that, like the undead, exist but do not exhibit…
In mid-April of this year, Bitcoin will undergo its most recent halving event, meaning a 50% reduction in rewards for miners. Generally speaking, this event is seen as bullish for bitcoin, and the halvings of the past have all been followed by significant gains in the price of bitcoin. Of course, this comes at the immediate cost of revenue for those mining the asset. Bob Bodily is the Provo, Utah-based CEO and Co-Founder of Bioniq, a BTC Ordinals marketplace. This op-ed is part of CoinDesk’s “Future of Bitcoin,” package published to coincide with the Halving in April 2024. This time…
The price of Ethereum (ETH) is in an uptrend, reaching a high of $3,944 before retreating on May 21. Price analysis by Coinidol.com. Long-term analysis of the Ethereum price: bullish The largest altcoin has pulled back below the $3,900 resistance level. Ether has been fluctuating below its recent high for four days, ending its uptrend. The doji candlestick indicates hesitation between buyers and sellers regarding market trends. On the upside, the price indicator predicts a possible rise and reversal at the high of the 1.272 Fibonacci extension or at $4,225.66. On the other hand, if Ether fails at the $3,900…