Author: NBTC
There’s something about major psychological price levels, like bitcoin’s (BTC) $100,000 mark. As prices near these thresholds, anything tied to the asset gets an extra spark of energy. The Nasdaq-listed ProShares UltraShort Bitcoin ETF (SBIT) is a case in point, posting record trading volume of over 8 million shares on Nov. 13 as bitcoin topped $90,000 for the first time and strengthening the case for a rally into six figures by year-end, data tracked by TradingView show. Since then, BTC has held between $90,000 and $100,000, and the ETF’s daily trading volume has averaged just over 5 million shares. That’s…
For the first time, OXOA Network has signed a partnership agreement with Kaanch Network, the new-generation blockchain platform that will have immense capabilities, high efficiency, and security. This collaboration is intended to facilitate the development and advancement of Web3 products through solutions specially designed for developers and businesses. We’re excited to welcome our new partnership to our ecosystem @KaanchNetwork Kaanch Network is a next-generation blockchain platform designed for unparalleled speed, scalability, and security. With 0.8-second block finality, Kaanch provides an efficient and developer-friendly… pic.twitter.com/JtacxRQ1HC — OXOA Network (@oxoa_network) December 31, 2024 Kaanch Network Kaanch Network deserves special attention due to…
The price of Bitcoin (BTC) has fallen well above the $90,000 support or the 21-day SMA. The largest cryptocurrency is on its way to pull back above the 21-day SMA. Bitcoin price long-term forecast: bullish The current uptrend could end if the bears fall below the 21-day moving average line. Bitcoin is rising as it recovers above the $90,000 mark. Buyers will try to push Bitcoin above the psychological price barrier of $100,000. This will allow it to rise to a high of $115,000. On the other hand, if Bitcoin falls from its high of $100,000, it will be forced…
The impact of Ethereum’s halving can be analyzed through observing its past performance in the first quarter of subsequent years. Analysts and market participants have taken note of this persistent trend and especially as Ethereum gears up for another important journey in 2024. Analyzing historical data it can be seen that the cryptocurrency delivers its returns in the first quarter after the halving year and becomes the investor’s concern. The impact of Ethereum’s halving can be analyzed through observing its past performance in the first quarter of subsequent years. Analysts and market participants have taken note of this persistent trend…
SEC’s cautious stance raises uncertainties for Solana-focused investment products and broader digital asset ETFs. Key Takeaways The SEC plans to reject spot Solana ETF applications and pause new crypto ETF approvals. The SEC’s decision impacts multiple asset managers seeking to offer Solana-based investment products. According to FOX Business reporter Eleanor Terret, the SEC has informed at least two prospective ETF issuers that it will reject their applications for a spot Solana ETF. Sources also indicate that the SEC is unlikely to approve any new crypto ETFs “under the current administration.” The latest information comes as multiple asset managers seek approval…
One of the two Dogecoin founders, Billy Markus who created the iconic meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has commented on the recent Bitcoin price surge. While responding to a comment under his tweet, Markus, who is also known on social media as Shibetoshi Nakamoto, shared whether he expects BTC to finally reach $100,000 after all or not. Markus’s “Bitcoin $100,000 prediction” Commenting on the recent Bitcoin surge when it went up from $92,956 to the $96,252 level, adding $4,609, Shibetoshi Nakamoto tweeted sarcastically: “It lives!” Billy Markus is well-known for his ironic and playful manner of posting…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Ethereum is down -4.09% today against the US Dollar Ethereum is currently trading 8.86% above our prediction on Jul 12, 2023 Ethereum dropped -0.75% in the last month and is up 56.28% since 1 year ago ETH price is expected to drop by -8.14% in…
A financial expert has recently spotlighted what she believes could be the most plausible explanation for the controversial 589 figure for XRP. The number 589 has become a controversial and symbolic figure in the XRP community, with speculations spanning from price predictions to hidden meanings. Recently, Linda P. Jones discussed a theory linking the figure to international currency standards. The origins of the 589 narrative date back to 2019, when it emerged as a speculative prediction that XRP’s price would skyrocket to $589. Proponents suggested this rise could occur due to adoption by financial institutions, major regulatory milestones, or a…
Much like the end of 2023, when Bitcoin broke records with its transactional volumes and hashrate, the cryptocurrency rang in New Year’s Eve with a bang. The network’s computational power hit a jaw-dropping peak of 808 exahash per second (EH/s), smashing through previous limits. From 948,000 H/s to 808 Quintillion: Bitcoin’s 16-Year Evolution in Mining Power Bitcoin’s hashrate enters 2025 at a blistering pace, setting the stage for yet another groundbreaking year. Data from hashrateindex.com reveals that the seven-day simple moving average (SMA), widely regarded as the most accurate gauge of network performance, hit a staggering 808 EH/s on Dec.…
On Nov. 28, 2012, Bitcoin underwent its first halving at block 210,000. This event halved the block reward from 50 BTC to 25 BTC. Crypto ranking platform CoinGecko took to X to share this milestone as Bitcoin’s historic first halving event marked its 12th anniversary. The halving mechanism, built into Bitcoin’s code by its pseudonymous founder Satoshi Nakamoto, is scheduled to occur every four years, or every 210,000 blocks. This process continues until the maximum supply of 21 million Bitcoins is reached. Exactly 12 years ago today, the 1st #Bitcoin halving took place, reducing the block reward from 50 to…