Author: NBTC
The world’s largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations. In December 2024, the volume of BTC acquired through Spot Bitcoin ETFs more than tripled the amount mined during that same month, underscoring the severe imbalance between supply and demand. Spot Bitcoin ETFs Trigger Supply Shock Risks In December 2024, US Spot Bitcoin ETFs purchased an astonishing 51,500 BTC. On the other hand, BTC miners produced only 13,850 coins during the same period, according to data from Blockchain.com. This indicates that…
Non-fungible token (NFT) analytics reveal that NFT sales faltered in early February, with $119.49 million recorded during the first week of the month—a 33.73% contraction compared to the preceding seven-day stretch. Digital Collectible Buyers and Sellers Slide Significantly Data sourced from cryptoslam.io illustrates a pronounced cooling in the digital collectibles arena. Weekly figures slumped to $119.49 million, accompanied by a 95.33% reduction in buyers and a 94.06% decline in sellers. NFT transaction volume remained relatively stable, however, with 1.44 million NFT transfers logged—a slight 1.35% dip from January’s final week. Ethereum-based NFTs weathered the sharpest downturn, sliding 38.41% to $62.71…
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 -3.17% today against the US Dollar ETH/BTC decreased by -3.32% today Ethereum is currently trading 7.98% below our prediction on Feb 12, 2025 Ethereum dropped -19.33% in the last month and is up 11.41% since 1 year ago ETH price is expected…
As is known, the FED has reduced interest rates for three consecutive months in the interest rate reduction cycle that started in September. The Fed, which cut interest rates by 50 bp in September and 25 bp in November and December, left interest rates unchanged in January and paused the rate-cutting cycle. While this raises the question of whether interest rate cuts are over, Richmond Fed President Thomas Barkin said in an interview that the Fed is still inclined to cut interest rates this year. Speaking to Bloomberg, Barkin said that while the Fed left interest rates steady in January,…
With crypto-friendly leadership emerging within the SEC and Congress, crypto legislation is expected to take a more favorable turn in 2025. The approval of spot XRP and Solana ETFs could be one of the first signs of this new era, leading to more relaxed regulatory environments for digital assets and even further mainstream adoption. The market is on the brink of what could be a defining year for crypto, with ETF approvals setting the stage for major price movements and institutional participation. XRP, in particular, stands to benefit from these developments, making it one of the most exciting assets to…
Lightspark CEO David Marcus has described President Donald Trump’s cryptocurrency plan as “a brand new day for crypto in America.” In an interview, Marcus stressed the need for a more welcoming regulatory climate and spoke about the potential of the Trump administration’s crypto stockpile program. “I think there’s just a lot more opportunity for growth and appreciation of bitcoin than gold in the next couple of decades, so I think it’s a wise decision potentially,” says @davidmarcus on creating a strategic bitcoin reserve:https://t.co/4M8F7lwWig — Squawk Box (@SquawkCNBC) February 6, 2025 Related: Trump’s Bitcoin Stockpile Plan: U.S. Reserve Could Hold 1…
XRP has secured a new milestone as Singapore-based major crypto exchange Crypto.com expands its futures offerings for the token. According to a recent announcement by the official Crypto.com X handle, XRP contracts are now available for UpDown Options. $XRP contracts are now available for UpDown Options through the https://t.co/vCNztATkNg App 📈📉Take control of your trades and potentially profit whichever way the market movesStart trading now👉 https://t.co/a9haygqOmV @ripple pic.twitter.com/3DsvBsVVDo — Crypto.com (@cryptocom) February 8, 2025 According to an official blog post, XRP contracts are now available on UpDown Options in the Crypto.com App, in addition to Bitcoin (BTC), Bitcoin Cash (BCH),…
Bitcoin (BTC) is on the brink of a major technical breakout, as it tests crucial resistance levels in the market. With the cryptocurrency market at a pivotal point, Bitcoin’s daily price movements and its interactions with established resistance levels could dictate the near-term direction of the market. Traders and investors are closely monitoring Bitcoin’s progress, especially with a critical price point approaching. A successful breakout could lead to a significant bullish move, while failure to maintain momentum could set the stage for a retest of previous support levels. #BTC This is the Daily Close Bitcoin needed for bullish biasA dip…
The cryptocurrency market receives a transformation through Artificial Intelligence (AI) agents because these autonomous agents improve trading capabilities and financial optimization strategies. The AI-powered systems run independently while using machine learning techniques alongside data analytics to trade on markets and develop investment plans and enhance DeFi services. The crypto industry changes direction toward higher efficiency and automation when blockchain technology adopts AI functionalities during integration. AI Agents Revolutionizing the MarketThe intersection of artificial intelligence (AI) and blockchain technology is paving the way for unprecedented innovations in the crypto market. One of the most exciting advancements is the rise of AI…
Ethereum ETFs recently recorded their third-biggest day ever, adding $500M in a week—16% of all inflows since launch. With ETH stabilizing, could this signal a larger trend reversal? Spot Ethereum (ETH) ETFs have seen a surge in inflows over the past week, with more than $500 million entering the market in the last five trading sessions as of Feb. 6. According to CoinGlass, the recent wave of investments accounts for about 16% of all-time net inflows, which now stand at $3.17 billion, and represents 18% of the $2.8 billion that flowed in between Jul. 23, when spot Ethereum ETFs were…