Author: NBTC
In a partnership with fintech specialist STRATxAI, eToro has unveiled its latest offering to retail investors – the ‘Cutting-Edge’ portfolio. Leveraging the power of STRATxAI’s proprietary technology and analytical tools, this collaboration introduces an approach to identify high-value US stocks on the eToro platform. Comprising 15 selected US stocks, the ‘Cutting-Edge’ portfolio is set to be rebalanced monthly. The objective is clear – to consistently deliver risk-adjusted returns that outperform the S&P 500 benchmark. This monthly rebalancing is facilitated by the STRATxAI backtest engine, which evaluates the performance of over 5,000 mid to large-cap US equities over the past two…
Renowned Netherland-based cryptocurrency analyst Michaël van de Poppe, on X, has shared an optimistic outlook for Bitcoin, suggesting a potential surge in price to $50,000 in a matter of weeks. Poppe’s optimism was shared in a very concise post on his verified X page. This forecast comes amidst a backdrop of growing anticipation surrounding the possibility of spot Bitcoin exchange-traded fund (ETF) driving massive BTC accumulation, as institutional interest in Bitcoin continues to escalate and regulatory dynamics keep shifting. Bitcoin Price Trajectory Analysis Michael van de Poppe’s analysis hinges on Bitcoin’s current position relative to key resistance levels, with a…
United States regulators finally approved the highly awaited spot Bitcoin exchange-traded fund (ETF), with analysts expressing that this move opens up more opportunities for the cryptocurrency sector. Indeed, there is a bullish sentiment regarding the product’s long-term impact, mainly due to its potential to attract institutional investors. In this context, there are speculations that such a product will likely spill over to other cryptocurrencies, such as Ethereum (ETH), the second-ranked cryptocurrency by market capitalization. Analysts are also speculating that there is a possibility of a spot Ethereum ETF getting approved in 2024. With the product likely to impact the value…
Indians look forward to the release of the country’s interim economic blueprint for 2024, and there is heightened expectation among the Indian crypto community. Crypto users in India are eager to see this year’s regulatory plan and how the government wants to deal with virtual digital assets (VDAs). According to reports, top on the list of crypto experts in India is the need for changes in the classification and taxation of VDAs. Many experts demand that the government remove the 1% Tax Deducted at Source (TDS). Crypto analysts think the TDS sets the Indian crypto industry backward by hampering investors’…
Contrary to general expectations, Shibarium is not showing an impressive trend in its total transaction count. Per data from the Shibariumscan explorer, the daily transaction count on Shibarium as of Feb. 9 came in at 526.09K, the lowest recorded figure since the start of the year. Besides breaking this negative record, the slump in Shibarium transaction count from the peak of 2.93 million recorded on Jan. 28 underscores the ailing health of the Ethereum-based Layer-2 scaling solution. The slump in transaction count is a testament to the fact that Shibarium is not getting as much embrace as it used to.…
Ethereum Price Prediction: The second largest cryptocurrency Ethereum(ETH) has been notably bullish this week likely attributed to the recent launch of the first spot Bitcoin ETF in the U.S market. Surprisingly, the ETH price surpassed the Bitcoin performance amid the ETF approval recording a 17.7% weekly growth. Amid this upswing, the coin buyers breached above the $2430 swing high, indicating the potential for a higher recovery. Is Ethereum Price Heading to $3000? The ETH price will continue to walk an aggressive rally until the ascending support trendline is intact. The rising prices may face supply pressure at $2700, followed by…
Cryptocurrency prices slipped while equities recovered Thursday afternoon, led by a rally in tech stocks. Bitcoin was trading more than 4% lower Thursday over 24 hours, dipping below $41,000 for the first time in a month. If the cryptocurrency cannot rebound to $41,250, it will mark the lowest daily close since Dec. 11. Ether (ETH) was also down about 4% Thursday, hovering around $2,430, a low for the past seven days. Those expecting a run up in bitcoin’s (BTC) price as spot bitcoin ETFs hit the market last week have been disappointed. Bitcoin is now down more than 11% since…
Dog-themed cryptocurrency Shiba Inu is seeing a massive spike in an indicator that depicts whale inflow. According to IntoTheBlock data, Shiba Inu is experiencing a 2,595% spike in large-holder inflow, which tracks the funds going into addresses belonging to whales. Large holders’ inflow saw a staggering spike over two days, from 275.2 billion SHIB on Feb. 7 to a whopping 2.31 trillion SHIB on Feb. 9. From Feb. 8 to 9, large holders’ inflows increased significantly, from 1.4 trillion SHIB to 2.31 trillion SHIB. Two scenarios are likely with the spike in large holder inflows: First, it may indicate substantial…
First-day buyers of spot bitcoin ETFs have been left holding the bag over the last month. But no longer. Anyone who bought and held shares in any of the spot bitcoin ETFs before today would be in the green. Bitcoin spiked to $48,000 as the ETFs opened trade on Jan. 11 — two year highs — before retracting more than 20% over the following two weeks. Now, on the first day of their second month of trade, bitcoin (BTC) threatens to blast past $50,000 and is up 13% year to date. That’s one way to buy the dip Read more:…
As the new bull market is gaining traction, Netflix alum and seasoned crypto VC Vance Spencer indicates a number of milestones the blockchain segment could reach in the coming two years. While his forecast sounds optimistic, he also recommends being prepared for a “roller coaster.” Ethereum ETF could be next, Vance Spencer opined The fourth Bitcoin (BTC) halving, Ethereum ETF approval and growing institutional adoption of digital assets are “next” for us in 2024, Spencer shared with his 85,000 followers on X. In general, the crypto journey at this stage should be treated as a marathon, not a sprint. Someone…