Author: NBTC
A veteran crypto strategist is issuing a dire warning on Bitcoin, saying that BTC is in danger of plummeting to the $50,000 price level. In a new video update, pseudonymous analyst DonAlt tells his 62,500 YouTube subscribers that a Bitcoin weekly close below $70,000 opens the door for another round of cascading liquidations for BTC. DonAlt believes that Bitcoin’s recent climb above $70,000 is driven by paper-handed traders looking to make a quick buck in the event of a Trump victory. But the analyst warns that their positions will likely be liquidated if BTC struggles to sustain its rally. “I…
Tether increased its Bitcoin and precious metals holdings in Q3 2024, bringing them to $4.8 billion and $5 billion, respectively, according to its latest Consolidated Financials Figures and Reserves Report. The stablecoin issuer also significantly boosted its US Treasury Holdings to $102.5 billion, the largest portion of its reserves. Building on a strong financial foundation, Tether’s net equity rose to $14.2 billion, doubling from $7 billion at the end of 2023. This quarter, Tether’s USDT in circulation reached an all-time high of nearly $120 billion, driven by rising global demand. With a 30% increase in 2024, adding $27.8 billion year-to-date,…
BONK partners with Borussia Dortmund to bring web3 technology and exclusive fan experiences to the 2024-2025 Bundesliga season. BONK’s collaboration with Borussia Dortmund merges cryptocurrency and football, enhancing fan engagement through web3 innovations. BONK has announced a ground-breaking partnership with Borussia Dortmund, one of Germany’s top football clubs. This cooperation, scheduled to take place during the 2024-2025 Bundesliga season, promises to improve the fan experience by combining BONK’s web3 technology with the dynamic energy of football. No big deal BONK in a legendary place❗️❗️❗️ The Dog loves to see it You will too👇https://t.co/7yYvwUdqHq pic.twitter.com/4f3gIVC6hN — BONK!!! (@bonk_inu) September 10, 2024…
Bitcoin (BTC) has fallen below its realized price—a crucial metric indicating the average purchase cost of all circulating coins. This dip has weakened hopes for a quick rebound to the $72,000 level, as breaking below the realized price typically indicates mounting selling pressure. With Bitcoin’s price currently at $68,608, continued trading below this key threshold could suggest a prolonged bearish trend. But how low can BTC go? Bitcoin’s On-Chain Support Becomes Weak, Whales Sell On October 20, BTC fell below the realized price, and within three days, the cryptocurrency’s value declined from $69,022 to $66,611. Later, on October 28, the…
USDC & Trump is again in the news. Within the cryptocurrency market, a trader under the username “BetTom42” has invested $3.4M worth of USD Coin (USDC) in the last 3 days, predicting the victory of former President Donald Trump in the 2024 US Presidential election. Such high-value fund movement from popular trading platforms like Kraken and Binance to a Polymarket wallet indicates high confidence in Trump’s political future. Whale”BetTom42″ withdrew another 2.4M $USDC from #Kraken today to bet on #Trump winning the US election.This whale has spent 3.4M $USDC betting on #Trump winning the US election in the past 3…
Shiba Inu content marketer Lucie addresses concerns about SHIB’s circulating supply, recommending how the community can reduce it in a big way. Several Shiba Inu investors have continued to attribute Shiba Inu’s underperformance to the token’s hefty supply. Enthusiast Highlights Shiba Inu Supply as SHIB Disadvantage Donald Xavier, a Shiba Inu enthusiast, echoed this sentiment during an exchange with the ecosystem’s content marketer, Lucie. The discussion started with Lucie announcing a major update for Puppynet, the testnet version of Shibarium. As reported earlier, the update, which took place on Friday at 02:30 ET, introduced major features like enhanced block propagation…
Recently Bitcoin’s market dominance reached 60%, indicating a major change in market dynamics and a reversal of trends that have shaped the industry for years. Bitcoin has once again taken the lead after a protracted altcoin season, during which investors had a more optimistic view of ALT’s than of Bitcoin. This has happened at a time when altcoins keep losing value on their BTC pairs even though the price of Bitcoin has increased in USD terms mostly due to its own upward movement. It wasn’t an easy road to get to this 60 percent dominance level because Bitcoin encountered several…
US stock markets led by Nasdaq tumbled on Thursday after Microsoft and Meta earnings ignited investor concerns about the sector prospects amid rising AI costs. The Nasdaq Composite, which is dominated by tech stocks, saw 2.3% of its value wiped out while the Standard and Poor 500 (S&P 500) sank 1.4%. The Dow Jones Industrial Average was heading for a month-end close in the red, as it saw losses of about 0.5% due to its major stocks realizing losses. Microsoft and Meta weighed US stock markets Microsoft and Meta quarterly reports saw the interest and prospects in the Big Tech…
According to Phoenix Group, over 68,000 traders have been liquidated on cryptocurrency markets in the last 24 hours. The total value of liquidations reached staggering amounts, with Bitcoin (BTC) and Ethereum (ETH) as the most impacted assets. BTC comprised the highest value in liquidation with about $55.33 million or 794.66 BTC, followed by ETH with $30.82 million or 12.31K ETH. Such liquidation growth is due to high leverage and volatility in the crypto markets. LIQUIDATION DATA IN 24 HOURS TOTAL LIQUIDATIONS: UP TO $199.43M TOP 5 COINS WITH HIGHEST LIQUIDATION: $BTC ~ $55.33M $ETH ~… pic.twitter.com/7DiZbCC8B9 — PHOENIX – Crypto…
Funding for a new batch of VC projects expanded in October, after a slowdown in the preceding month. A new series of high-profile rounds showed crypto building did not stall. VC-backed projects expanded in October, attracting $2B in the past 30 days. October proved successful after a slowdown in the past month. The period was marked with new deals from Animoca Brands and multiple Tier 1 funds. For the month of October, funding rose by 263%, spreading the sum to 107 deals. Fundraising revived in October, breaking above $2B for the first time since September 2022. | Source: Cryptorank The…