Author: NBTC

Bitcoin (BTC) mining economics continued to improve this month, as the hashprice, a measure of daily profitability, rose 5% from the end of November, JPMorgan (JPM) said in a research report Monday. The hashprice increased as the rally in the world’s largest cryptocurrency outpaced the rise in the network hashrate, the report said. The hashrate is a proxy for competition in the industry and mining difficulty. The network hashrate has increased 6% month-to-date to an average of 773 exahashes per second (EH/s), the bank noted. “We note miners earned about $57,300 in daily block reward revenue per EH/s over the…

Spot Ethereum exchange-traded funds broke a crucial record as their inflows continued rising. Ethereum (ETH) ETFs have had inflows in the last 16 consecutive days, breaking a personal record. The net inflow on Friday, Dec. 14 stood at over $23.6 million, bringing the total amount since inception to over $2.26 billion. According to SoSoValue, all spot Ethereum ETFs hold over $13.7 billion in assets. The Grayscale Ethereum ETF is still the biggest with over $5.6 billion. It is followed by iShares Ethereum Trust ETF, Fidelity Ethereum Fund, Bitwise Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF. One reason for…

On-chain sources have reported a substantial XRP transfer in recent hours; according to blockchain data tracker Whale Alert, 800 million XRP, valued at nearly $1.93 billion, were transferred from Binance to an unknown wallet. Whale Alert reports that 800,000,000 XRP worth $1,927,321,529 were transferred from Binance to unknown wallet. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 800,000,000 #XRP (1,927,321,529 USD) transferred from #Binance to unknown wallethttps://t.co/fOCWqJhcru — Whale Alert (@whale_alert) December 16, 2024 The transfer, which occurred in recent hours, represents one of the largest recent movements of XRP from a centralized exchange to an external wallet,…

On-chain data shows that Bitcoin miners have been selling for around a year now. Here’s how much they have sold so far. Bitcoin Miners Have Shed Over 4% Of Their Holdings In Past Year As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the BTC miners have been in net selling mode for a significant period of time. The on-chain metric of relevance here is the “miner reserve,” which keeps track of the total amount of coins that the miners as a whole are carrying in their wallets right now. When the value of this…

Ethereum’s network growth hit an 8-month high, with an average of 130,200 new wallets created daily in December, signaling renewed user interest. Ethereum’s price nears the critical $4,000 resistance level, rebounding from lows earlier in the week, as market optimism strengthens. Investor demand and network activity drive bullish predictions, with analysts forecasting Ethereum may surpass $5,000 due to strong metrics. According to data from on-chain analytics platform Santiment, Ethereum’s network growth has reached its highest level since April 2024. Throughout December, an average of 130,200 new wallets were created daily, signifying a renewed interest in the blockchain. This marks a…

MetaMask confirms that interest in Shiba Inu among market participants remain high despite the ongoing consolidation phase. After rising over 98% from about $0.00001687 to highs around $0.00003343 after the U.S. election, Shiba Inu’s (SHIB) rally appears to be stalling. Last week, for example, the popular doggy-themed meme coin declined by over 15% from an opening price of $0.00003219 to close at about $0.00002788. Despite this lackluster price showing, interest in the token remains significantly high, at least according to a recent MetaMask ranking. Shiba Inu (SHIB) Swaps Remain High SHIB was among the most swapped tokens by MetaMask users…

Since yesterday, the hypothesis has been circulating insistently that there could be a new correction in the price of Bitcoin. On the other hand, there has already been one, and there do not seem to be any signs of a possible restart of the bullrun in the short term. The previous corrections on the price of Bitcoin The possible new correction of the Bitcoin price The restart of the bull run The 100k are not holding The previous corrections on the price of Bitcoin With Donald Trump’s victory in the presidential elections on November 5th, a new bull run of…

Ethereum, valued at $468 billion, traded within an intraday range of $3,851 to $3,957.89 on Dec. 14, 2024, reflecting a 20.2% drop from its peak of $4,878.2 on Nov. 10, 2021. Ethereum The daily chart reflects ethereum’s ongoing consolidation, with a peak at $4,096.6 marking the recent high of an uptrend that began at $3,014.5. Key support sits at $3,600 to $3,700, while the $4,000 psychological level remains a significant resistance. The market is showing reduced bearish volume, with smaller bullish candles forming near $3,800, suggesting resilience despite slowing momentum. ETH/USD Daily chart on Dec. 14. On the 4-hour chart,…

Hex Trust, a key fully licensed platform offering custody for digital assets, has announced the extension of its collaboration with Stacks Asia Foundation. The continuation of the partnership with Stacks Asia Foundation denotes a landmark achievement to boost the Bitcoin economy. With this endeavor, Hex Trust particularly fortifies its reach across the Middle East and Asia. Hex Trust has a strong & established presence in Asia and the Middle East, holding regulatory licenses in Hong Kong, Singapore (IPA), & Dubai. Hex Trust’s partnership with Stacks Asia Foundation is also a major milestone in their push into the burgeoning Bitcoin ecosystem.…

Steve Witkoff, Trump’s Special Envoy, statement at MENA Trump’s team showed strong support for making rules that favor cryptocurrency growth. Countries and companies are turning to Bitcoin to protect against inflation and stabilize their finances. The Bitcoin MENA (Middle East and North Africa) conference in Abu Dhabi. Has recently got attention for its cutting-edge discussions on cryptocurrency especially Bitcoin and for the influential personalities. From prominent crypto figures like Binance’s CZ to Elon Musk were expected to attend and key members of Donald Trump’s inner circle. The event has become a platform for powerful endorsements of Bitcoin as the future…