Author: NBTC
A widely followed crypto analyst is laying out a scenario where Bitcoin (BTC) could dip back down below $50,000. In a new strategy session, crypto trader Michaël van de Poppe tells his 723,000 followers on the social media platform X that the crypto king could crash to $48,000 if its current support level falls apart due to a negative Consumer Price Index (CPI). However, he also notes it’s possible for BTC to go the other way and hit fresh all-time highs if it breaks above resistance. “The question for Bitcoin is which side it will take. Primarily above $56,000, the…
Tokenized Treasury notes passed $2 billion in market cap after rapid growth from Blackrock’s BUIDL and other issuers. This comes only five months after the funds hit the $1 billion milestone in March. Less than five months after hitting $1 billion in market capitalization, tokenized Treasury notes have doubled in size again, crossing the $2 billion level on Saturday, according to data from RWA.xyz. Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as tokens on blockchains such as Ethereum, Stellar, Solana, Mantle and others. While $2 billion is an impressive milestone for the recently launched…
Lucie, the outspoken marketing specialist for the Shiba Inu ecosystem, shares an exciting update that could lead to hefty SHIB burns. The marketing lead revealed that she is cooking something special with Shibacals, a project focused on leveraging blockchain to authenticate physical collectibles. Despite not providing insightful details about the collaboration, Lucie urged Shiba Inu community members to prepare for ‘some SHIB burn.’ Me & @shibacals are cooking up something special – get ready to see some $Shib burn! 🔥 #Shibarium #SHIBARMY 🐕 — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) July 1, 2024 Community Reacts Expectedly, the statement elicited positive enthusiasm among…
On its march to bring one billion people on-chain, Coinbase is going where few crypto brands have gone before: the grocery store. For the next six months across the United States, boxes of Liquid Death—the popular canned water brand—will feature prominent advertisements for Base, Coinbase’s Ethereum layer-2 scaling network. QR codes on the boxes will allow shoppers to mint original on-chain artwork from a variety of digital artists. In exchange for minting the NFTs and taking Base for a spin, users will also be eligible to win physical items from artists including Felipe Pantone and Jeff Hamilton. While some of…
Wall Street titan Morgan Stanley held around $187 million worth of BlackRock’s iShares Bitcoin Trust (IBIT), as of June 30, according to a recent 13F filing shared by MacroScope. The amount is equivalent to over 5.5 million IBIT shares. The investment positions the bank alongside other major IBIT holders like Millennium Management, Capula Management, and Goldman Sachs, which recently disclosed a $400 million investment in US spot Bitcoin exchange-traded funds (ETFs), including around $238 million in IBIT. Earlier this month, Morgan Stanley announced it would allow its 15,000 financial advisors to recommend spot Bitcoin ETFs to select high-net-worth clients starting…
San Francisco Fed President Mary Daly said she believes the time is right for the central bank to start lowering interest rates. “The labor market has reached full equilibrium. It’s time to adjust policy,” he said. Daly’s remarks echo comments made by Fed Chairman Jerome Powell at the Jackson Hole Symposium last week, where he expressed confidence that inflation was on track to return to the Fed’s 2% target. Powell also said it was “time to adjust policy.” Daly reiterated the Fed’s commitment to lowering inflation to its 2% target, but said the central bank aims to do so without…
Toncoin surpasses Dogecoin in market cap, securing the 8th largest cryptocurrency spot. Toncoin ecosystem expands with $600 million TVL and Telegram integration. Toncoin (TON) has advanced significantly in the cryptocurrency market, surpassing Dogecoin (DOGE) in terms of market cap. With a valuation around $19.5 billion, this milestone has driven TON to become the eighth biggest cryptocurrency on CoinMarketCap. Source: CoinMarketCap Recent Price Surge and Market Performance Data from CoinMarketCap shows that Toncoin’s present price is roughly $7.95, which reflects a 3.43% rise over the past 24 hours. This upward trend is not restricted to one day; TON has shown a…
Serial investor Jeffrey Huang, known for his involvement in previously booming projects like MAYC and BAYC NFT, has pre-announced another asset fair launch. The new project arrived after Huang failed to drive the price of Friend.tech (FRIEND) with aggressive buying. Crypto investor Jeffrey Huang, also known for his social media personality Machi Big Brother, is onto his next investment. He is involved in multiple crypto and NFT projects and is known for his large-scale, almost reckless approach in attempting to build the next influential value hub. Machi Big Brother is still hyping up the MAYC and BAYC NFT collections while…
A recent analysis from Bitcoin Magazine Pro showcases the power of dollar-cost averaging (DCA) in Bitcoin compared to traditional assets like gold, Apple stock, and the Dow Jones Industrial Average (DJI). The data reveals that consistently investing $10 weekly into Bitcoin over the last five years would have grown a total investment of $2,620 into $7,913.20, reflecting a remarkable 202.03% return. In contrast, the same $10 weekly investment in gold yielded a return of 34.47%, growing the initial $2,620 to $3,523.06. Apple stock also performed well, with a 79.13% return, turning the $2,620 investment into $4,693.13. Meanwhile, the Dow Jones…
The topic of a potential BRICS common currency has stirred significant debate among economic experts and political leaders. Former Russian Prime Minister Sergey Stepashin raises important concerns regarding the feasibility of a unified currency within the BRICS nations. Stepashin notably stated, “It is difficult to imagine that India and China have a common currency,” highlighting the inherent complexities involved. This article delves into the challenges and perspectives surrounding the idea of a common currency within the BRICS nations, emphasizing the practicality of utilizing national currencies instead. The Feasibility of a BRICS Common Currency The idea of a BRICS common currency…