Author: NBTC
Bitcoin and altcoins are having a bad time. While the sales of giant governments, the sales pressure from Mt.Gox refunds and the outflows in spot Bitcoin ETFs were effective in this, the current market evaluation came from Santiment analysts. Accordingly, Santiment said that fear and suspicion (FUD) prevailed on social media at a historical level, and stated that there were more selling statements for cryptocurrencies on social media than buying. Pointing out that this situation is rare, Santiment said that it offers a buying opportunity for brave investors in the face of FUD, which increases with the anger and disappointment…
Bitcoin has been trying to cross the $70,000 mark in order to create a new ATH. Since BTC marked $73,000 as the all-time high of this season, the market has been waiting for another one. However, various factors that include market and non market elements have been preventing it from happening. These reasons include Mt. Gox repayment, German government selling off seized 50k Bitcoin, political uncertainty in the U.S., multiple hacks. Now that all these things have been in the past, why is btc still not rising to $100k? Let’s explore the reasons. Bearish Chart Indications At the time of…
Acting before the US SEC regarding spot Ethereum ETFs, Hong Kong is preparing to add the staking feature to Ethereum ETFs. Speaking to DL News, Vivien Wong, partner at ETF issuer HashKey Capital, announced that the staking feature in ETH ETFs will be launched in Hong Kong soon. “As soon as spot Ethereum ETFs were approved in the US, people ran to us asking, ‘Are you planning to launch an ETH staking product?’ they asked. Wong stated that he conveyed the demand of the market and investors for staking products to the Hong Kong Securities and Futures Commission and stated…
U.S. Senator Ted Cruz, a known advocate for cryptocurrency, has significantly increased his investment in Bitcoin (BTC). In a recent official financial disclosure as a U.S. Senator on August 13, Cruz revealed that he has expanded his Bitcoin holdings now ‘hodling’ up to $100,000 worth of the digital asset. Cruz’s involvement in Bitcoin began on January 25, 2022, when he purchased up between $15,001 and $50,000, with BTC valued at approximately $39,000 per coin at the time. Ted Cruz and his support for Bitcoin This move aligns with his vocal support for Bitcoin, which he has highlighted as a potential…
Input Output Global (IOG) publishes its latest weekly development update, highlighting impressive performance from Cardano and progress made by the different teams within the ecosystem. According to the latest report, Cardano witnessed significant growth across different metrics, including total transactions, native tokens, and token policies. Every Friday, we publish our weekly #Cardano development update. So for the lowdown on what IOG’s dev team has been working on last week, head on over and take a look👇https://t.co/ep0CGSPm1p — Input Output (@InputOutputHK) July 5, 2024 Cardano Witness Growth in Network Activity Cardano now boasts a total transaction of 93.3M, up 0.43% from…
Amid Bitcoin’s (BTC) ongoing consolidation just below the $60,000 mark, technical analysis and historical price movement hint at an imminent high for the cryptocurrency. Notably, Bitcoin’s ‘blue year’ structure guides the timing of the upcoming peak, suggesting that history might already have offered clues for the next peak. In this line, according to crypto analyst CryptoCon in an X post on August 15, the ‘blue year’ refers to a specific year within Bitcoin’s four-year halving cycle, characterized by a repeating pattern of price movements. Each ‘blue year’ has typically seen two significant highs and two periods of sideways price action.…
Andrew Tate is now allowed to leave Romania while he awaits trial for charges for alleged human trafficking, rape, and forming a criminal gang to sexually exploit women. The controversial influencer then announced a world tour for DADDY, the Solana token he’s been promoting in recent weeks. According to NBC News, The Bucharest Tribunal ruled that the former kickboxer can leave the country but must stay within the European Union (EU), after being arrested in December 2022 alongside his brother Tristan. “I am free,” Tate wrote in an all-caps Twitter post. “For the first time in 3 years, I can…
Bitcoin (BTC) highly capitalized investors known as “whales” are showing growing optimism at current prices, buying and accumulating the cryptocurrency. These whales accumulated nearly $240 million worth of Bitcoin this week, signaling a bullish bias to BTC price moving forward. Most recently, a new Bitcoin wallet address withdrew 533.5 BTC from Binance, worth $31 million, according to SpotOnChain‘s post. This investor moved the likely purchased assets at an average price of $58,188 per BTC after a notable crash. In this context, SpotOnChain reported that other “fresh whales” have shown a similar accumulation behavior this week. “Fresh whales” are recently created…
Cardano founder Charles Hoskinson has responded to the claims from famous crypto commentator Ben Armstrong, aka BitBoy, who asserted that ADA has lost institutional appeal. On Tuesday, Armstrong took to X to reemphasize his position that ADA is a “dead” crypto asset. Specifically, he asserted that Cardano is no longer seen as a worthy acquisition by venture capitalists, which he believes, by extension, will lead to the death of ADA as a legitimate investment. Meanwhile, BitBoy clarified that the view does not mean ADA cannot yield returns for holders in this cycle. Instead, he noted his belief that Cardano could…
A widely followed crypto analyst says that the chart of the market cap for most digital assets is flashing a bullish signal against Bitcoin (BTC). Crypto trader Michaël van de Poppe tells his 723,100 followers on the social media platform X that the TOTAL3 chart appears gearing up for a breakout against the top digital asset by market cap. The TOTAL3 chart tracks the market capitalization of all crypto assets excluding Bitcoin, Ethereum (ETH) and stablecoins. “The only chart to watch. TOTAL3/BTC looks absolutely great, with a massive bullish divergence. This indicates that altcoins are on edge for a big…