Author: NBTC

While there is a decline in altcoins, led by Bitcoin (BTC), whales, turning the declines into opportunities, are pursuing new purchases. At this point, there was whale activity on the Maker DAO (MKR) front, which is generally on the whales’ radar. According to Spot on Chian’s post, five new wallets purchased 2,650 MKR from Binance, worth $9.52 million. While these wallets have already generated a profit of $619 thousand, the wallets are thought to belong to a single institution. While 5 new wallets purchased MKR, a wallet affiliated with Maker DAO also transferred 505 MKR worth $1.91 million to Wintermute.…

Sky-high Bitcoin ETF flows and several price rallies mean that the next Bitcoin halving is now projected to take place on April 15—not the meme-friendly 4/20 that it once was. That’s bad news for meme fans who liked the idea of celebrating the halving and their affinity for weed on the same day. But it’s also good news and a telling indication of trader sentiment. Just a month ago—on Valentine’s Day, no less—Decrypt wrote about the very meme-friendly hypothetical situation that Bitcoin might reach $69,000 and have its halving occur on 4/20. Bitcoin hit that price target on March 5.…

The Ethereum (ETH) price has recently found support at the 0.382 Fibonacci level, around $2,867, prompting a bullish rebound. This development raises the question: Could this mark the conclusion of the correction? ETH has undergone a pronounced corrective phase over the past few weeks. However, the recent bounce from significant support levels suggests a potential reversal in this trend. Ethereum’s Quick Recovery from 0.382 Fib Support at $2,867 The Ethereum price recently rebounded from the 0.382 Fibonacci support level around $2,867. After an initial bounce, it retraced back to this support level. However, Ethereum experienced a sustained upward trajectory during…

Tevaera has successfully concluded a $5 million investment round orchestrated by Laser Digital, a branch of Nomura Group. This capital infusion, supported by a coalition of leading investors, is set to fuel the company’s endeavor to establish a comprehensive gaming ecosystem leveraging the zkSync ZK Stack. Nearly two years of intensive development on zkSync culminated with this financing, positioning Tevaera as a frontrunner in adopting a game-IP-first strategy. This approach tackles existing obstacles within the web3 gaming infrastructure, aiming to streamline and enhance user experience. 1/ Tevaera is pleased to announce a $5M fundraise led by Laser Digital, Nomura Group,…

Swan Chain’s EVM-compatible Layer 2 network combines Filecoin’s decentralized storage solution with artificial intelligence and zero-knowledge marketplaces, revolutionizing AI and Web3. Since launching its testnet, the network has processed over 125 million transactions for 22 million wallet addresses, with its community across multiple interactive channels skyrocketing. A blockchain network lives and dies by the strength of the projects building on its infrastructure, and by this metric, Filecoin is thriving. Several projects are attracting millions while leveraging its decentralized storage solutions, with Swan Chain being one of the standouts. Swan Chain is a Layer 2 network compatible with the Ethereum Virtual…

The notional open interest in CME’s bitcoin futures has risen past the $10 billion market for the first time. CME’s futures market is now bigger than the market cap of litecoin, bitcoin cash and other top 25 cryptocurrencies. The Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures market is busier than ever. On Friday, a record 28,899 standard futures contracts were open or active on the CME. That amounts to a notional open interest of $10.3 billion at bitcoin’s going market rate of around $71,500. The standard contract, sized at 5 BTC, is widely considered a proxy for institutional activity. Meanwhile,…

When examining Ethereum’s daily chart, it’s noted that an upward movement started from the previous support, but today experienced a 1.15% decline. If the ETH price fails to achieve 4-hour closures above $3,272, it may continue its decline towards the support range of $3,071 – $3,034. In case of encountering strong buyers, Ethereum may aim to restart the upward trend, hence investors should closely monitor the $3,071 – $3,034 support range. Ethereum’s daily chart is down 1.15% today despite a rally from previous support, candle closes above $3272 are important. MEDIUM TERM ETH ANALYSIS ETH/USDT Price Chart Daily When examining…

Token debuts at $1.66, $3 billion market cap. Heavy congestion on Solana-based decentralized exchange OpenBook causes downtime. A 6% share of the total supply was allocated to the airdrop. Cross-chain bridge Wormhole initiated an airdrop that will see early users rewarded with 617 million of its newly issued governance token, W. The token opened at $1.66 on Solana-based decentralized exchange (DEX) OpenBook with a market capitalization of $2.98 billion and a fully diluted value figure of $16.5 billion, according to CoinGecko. OpenBook experienced a period of heavy congestion after the token was released with several users reporting that it was…

Recent data on Bitcoin liquidations and leverage levels indicates unique price discovery activity as longs and shorts have been swept from the market. Much of the leveraged positions were shaken out last week as Bitcoin saw volatile price actions around the US market open. The liquidation chart from CoinGlass below highlights how trading activity on March 5 and 8 around 2.30 pm GMT (US market open) led to heavy liquidations of both long and short positions. A roughly 2% increase was followed by a decrease of over 10% on March 5, which swept the order books and flushed out all…

Ethereum price failed to clear the $3,280 resistance zone. ETH declined below the $3,200 support and is now consolidating losses above $3,100. Ethereum struggled to clear the $3,250 and $3,280 resistance levels. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,190 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below the $3,100 support. Ethereum Price Trims Gains Ethereum price struggled to clear the $3,250 and $3,280 resistance levels. ETH started a…