Author: NBTC
Bitcoin (BTC) price reached the $57,000 limit with the sudden drop it experienced today. Historically, September has been an unstable month for Bitcoin, with analysts at cryptocurrency exchange Bitfinex noting that the cryptocurrency typically sees an average return of -4.78% and a peak-to-peak decline of 24.6%. If the Fed were to cut interest rates, analysts noted that this could further increase Bitcoin’s volatility, potentially sending prices down by as much as 20%. “This volatility is often attributed to the end of the summer trading lull, when fund managers return from vacation and human-driven trading activity increases,” Bitfinex researchers said, adding:…
Centralized cryptocurrency exchange, Kraken, is launching its own blockchain network, Ink, next year, hoping to attract more people to the decentralized finance (DeFi) space. According to Kraken, the Ethereum Layer 2 (L2) blockchain will have a full mainnet launch for retail and institutional users in the first quarter of 2025. Ink will offer permissionless access to DeFi applications, including trading, lending, and borrowing services without intermediaries. Jonathon Miller, Kraken’s managing director, told Cryptopolitan that one of Ink’s goals is to onboard new people into DeFi by providing easier access. “For too long, capital that could be used on-chain has sat…
The price of Bitcoin plunged as low as $55,746 late Tuesday, according to CoinGecko data, seeing a sudden dip hitting within an hour of the stock markets in Asia coming online. The drop follows a dismal day on the U.S. stock market, with tech giant Nvidia weighing down an overall 600 point dip in the Dow Jones Industrial Average. Across the Pacific, the Nikkei stock index started its day down 1,000 points from its prior close. Bitcoin has slightly rebounded, trading at $56,463 as of writing, down nearly 3% for the day. Ethereum fell as well, dropping over 4% Tuesday…
The Graph, a decentralized protocol for blockchain data indexing and access, has introduced key upgrades aimed at enhancing the decentralized applications ecosystem on Solana. A press release shared with crypto.news on Sept. 16 states that The Graph (GRT) has upgraded its tooling on Solana (SOL) network to offer new ways for developers to access and leverage the blockchain. With the upgrades, developers now have more options to access indexed Solana data. The substreams-powered subgraphs allow those building on the smart contracts platform to tap into pre-built solutions from providers like Messari and Top Ledger. You might also like: Zodia Custody…
Ledger, a well-known crypto hardware wallet provider, has commenced a new collaboration. As per Ledger, the platform has partnered with a popular decentralized exchange THORChain to facilitate non-custodial decentralized swaps. The platform took to social media to announce this mutual endeavor. Great news – @THORChain via @swapkitpowered is now 100% rolled out on Ledger Live Desktop! 🚀This means that Ledger Live users can now swap assets across multiple blockchains using @THORChain via @swapkitpowered, directly from within the security of your Ledger device.Get… pic.twitter.com/nswazrGDRA — Ledger (@Ledger) October 31, 2024 Ledger Partners with THORChain to Offer Protected Non-Custodial Swaps with Top…
The Bitcoin (BTC) price has fallen below $58,000, with altcoins also experiencing around 3% losses. The majority of cryptocurrencies are in the red, and investor risk appetite has significantly decreased following Bitcoin’s unsuccessful attempt to break past the $65,000 threshold. A crypto analyst has compared current market conditions with historical data to forecast future trends. Impact on Bitcoin Investors Bitcoin’s continued weakness, coupled with low trading volumes and seller dominance, likely means any significant price recovery is improbable without an unforeseen catalyst. Avocado_onchain from CryptoQuant examined the current market scenario, noting that the decreasing ratio of UTXO outputs implies that…
Just one day after surviving a second assassination attempt, Donald Trump today launched his long-rumored crypto project, World Liberty Financial. Though much about the project remains unclear, the team behind World Liberty Financial unveiled previously unconfirmed details during a live interview with Rug Radio, Decrypt’s sister company. The project will offer borrowing and lending services for cryptocurrencies on the Ethereum blockchain network, not unlike the vast array of existing applications in DeFi—a catch-all term that describes cryptocurrency products that provide financial services without the need for intermediaries such as banks. Trump’s crypto project promises to be more “user friendly” and…
Crypto news: on the upcoming November 11, Coinbase Derivatives will launch futures on silver and Stellar, offering retail traders new investment opportunities and risk management in a regulated and secure environment. Let’s see all the details in this article. Coinbase integrates futures on traditional and crypto assets, including Stellar, promoting strategic diversification for traders Futures tailored for the retail market A vision of growth and innovation Coinbase integrates futures on traditional and crypto assets, including Stellar, promoting strategic diversification for traders Coinbase Derivatives, one of the main players in the crypto market, has announced the introduction of new futures for…
On September 4, 2024, Bitcoin (BTC) the world’s biggest cryptocurrency breached its crucial support level of $57,000, making a low of $55,670, according to CoinMarketCap data. However, the BTC price quickly recovered, returning to near the $56,800 level. $100 Million in Liquidations This significant price fluctuation in past hours has liquidated over $100 million in longs and shorts positions. The majority of the liquidation came from the long side. According to the on-chain analytic firm CoinGlass, out of $100 million in liquidation, bulls were liquidated for $91.35 million worth of long positions, while short sellers saw 8.57 million in liquidations.…
Ethereum’s recent price action suggests a strengthening bullish trend as it rebounds from the key support and approaches the significant resistance region of the 100-day MA. If ETH breaches this threshold, a sustained bullish trend will unfold. Technical Analysis By Shayan The Daily Chart Ethereum recently witnessed heightened buying activity around the middle trendline of a multi-month descending channel at approximately $2.4K. This demand surge led to a notable price rebound, pushing it toward the resistance region of $2.6K, aligning with the 100-day moving average. If Ethereum successfully reclaims this MA and confirms a pullback, it could initiate a fresh…