Author: NBTC
Bitcoin’s market capitalization has surged to $2.04 trillion, officially placing it ahead of nearly every company in the S&P 500. Its price was worth $101,791 at press time, and it hit an all-time high of $103,587 just this morning. The only giants worth more than Bitcoin right now are Apple and Microsoft. The apex crypto has managed to surpass Amazon, Alphabet, and even Nvidia in terms of market value. The broader crypto market also saw a sharp increase, with its total capitalization climbing to $3.5 trillion. Bitcoin is taking it this year Bitcoin is up 140% in 2024, with nearly…
Despite a $75.12 million outflow on December 20, Ethereum’s Spot ETF still holds $2.33 billion in cumulative net inflows. The flow patterns show fluctuations in market participation, with high inflows early in December followed by more balanced and declining flows. Ethereum’s Spot ETF continues to demonstrate resilience with a strong NAV, signaling continued investor interest in Ethereum-based investment products. New positions in Ethereum spot ETF products were seen on December 20, with products seeing a net outflow of $75.12 million. The current sum of net assets of Ethereum spot ETFs is $12.16bn, although recent action in the markets influenced capital…
Donald Trump-backed World Liberty Financial just increased its holdings of Chainlink’s LINK token. The project purchased another $1 million worth of LINK late Thursday, data shows, for the second straight day, increasing its LINK stash to $2 million worth of tokens. It additionally brought $246,000 worth of Aave’s AAVE, taking total token holdings to $1.2 million. Trump’s World Liberty(@worldlibertyfi) bought 37,052 $LINK($1M) at $27 and 685 $AAVE($246.7K) at $360 again.Since Nov 30, #WorldLiberty has spent:30M $USDC to buy 8,105 $ETH at $3,701;10M $USDC to buy 103 $cbBTC at $97,181;2M $USDC to buy 78,387 $LINK at $25.5;1.25M… pic.twitter.com/l9nnv9Ry94 — Lookonchain (@lookonchain)…
Ethereum has once again failed to reclaim the critical $4K resistance level, leading to a notable decline in price. However, the cryptocurrency has now reached a significant support zone, where a rebound followed by consolidation is anticipated. By Shayan The Daily Chart Ethereum’s $4K price region has proven to be a critical resistance zone over the past year, consistently halting bullish advances due to strong selling pressure. Most recently, the price faced another rejection at this level, triggering a significant sell-off. This decline was further fueled by Federal Reserve Chairman Jerome Powell’s remarks, suggesting the central bank might pause its…
Ripple is thrilled with the recent approval of RLUSD by New York regulators as they see stablecoins like RLUSD as crucial for improving cross-border payments and simplifying user integration into the XRP Ledger ecosystem. Ripple is also focused on enhancing the network’s functionality, driving adoption, and creating liquidity, with a particular emphasis on sectors like gaming. Aaron McDonald, CEO of Futureverse, talked about the current XRP market, noting the recent rise in XRP’s price and the strong support from its community. On The Paul Barron Network, he explained that although they joined Ripple during tough times, they believed in the…
In a groundbreaking development in the blockchain sector, TokenPocket has unveiled a blockchain-based Mastercard debit card. The TP Card targets to serve Asian users, bridging the gap between conventional banking and Web3 finance with an unparalleled solution for crypto-to-fiat payments. The platform took to social media to disclose the respective endeavor. 💳 TokenPocket Launches Mastercard Crypto-to-Fiat Service for AsiaBridging Web 3.0 to Everyday Payments!🎉 TokenPocket has officially launched the blockchain-based Mastercard Swiss bank debit card, now open for Asian users! With support for fully decentralized top-ups and… pic.twitter.com/JV9aU2cq80 — TokenPocket (@TokenPocket_TP) December 19, 2024 TokenPocket’s TP Card for Unparalleled Payment…
Bitcoin mining giant Riot Platforms might be sitting on a goldmine—one it hasn’t fully tapped into yet. Starboard, one of the most aggressive activist investors in the US stock market, has taken a massive position in the company, and according to them, Riot could transform itself by moving focus to hyperscaler demand. Riot owns and operates huge Bitcoin mining facilities across central Texas and Kentucky and runs a robust electrical engineering division out of Denver. While the company holds 16,728 Bitcoins and boasts a mining infrastructure of over 1 gigawatt (GW) capacity, it has been underperforming in the stock market,…
The decentralized autonomous organization Atom Accelerator has joined Neutron, the Cosmos-based integrated application network, in committing $250,000 of funding to support the ongoing development and maintenance of the CosmWasm smart contract platform next year. They’re advertising their donations in order to raise awareness about the importance of CosmWasm in the Cosmos ecosystem and the need to keep it alive, and ultimately, they hope to entice a coalition of projects to step up and provide additional support. The move comes after the Interchain Foundation, the governing organization of the Cosmos Network, announced that it’s no longer going to keep funding the…
Bitcoin’s (BTC) price hit an all-time high of $103,000 today, placing it squarely at the head of a global crypto market worth a colossal $3.88 trillion. At $2.04 trillion, the currency makes up 52.44% of crypto’s global market cap, according to Coingecko. BTC rivals ether, XRP, and tether trail the world’s dominant crypto by some distance, representing 11.9%, 3.9%, and 3.6% of the global crypto market respectively. At $2.04 trillion, bitcoin makes up 52.44% of crypto’s global market cap. Read more: Bitcoin has hit $100,000 and is the world’s 7th largest asset Trump claims credit for $100K bitcoin high BTC…
Ethereum educator and advocate Anthony Sassano has made a case for someone to lead a Bitcoin-like charge on behalf of the Ethereum community, similar to Microstrategy’s Michael Saylor. He took to his handle on X (formerly Twitter) to ask if Ethereum would enjoy the same success as Bitcoin should a Saylor-like personality promote the token. The scenario Anthony Sassano teased is based on Saylor’s role in the push for Bitcoin adoption. Michael Saylor and his firm, Microstrategy have become the face of Bitcoin adoption, buying millions upon millions worth of the digital asset strategically. The company’s initiative has installed Bitcoin…