Author: NBTC

Ethereum (ETH) surged to its highest price in nearly three years on Thursday, December 6, reaching $4,089. The increase follows significant institutional interest, with US Ethereum ETFs seeing their largest single-day net inflow of $428.4 million on December 5. A Revival of Institutional Investments in Ethereum ETFs Leading the inflows was BlackRock’s ETHA fund, followed by Fidelity’s FETH. These contributions also pushed Ethereum ETFs to record their largest weekly net inflow since launching in July. The total weekly inflow stands at $752.9 million in the first week of December. This is already a record weekly gain for the funds, even…

Shiba Inu (SHIB) has had an impressive run over the past week, with key metrics soaring. One of the major metrics is the burn rate, the deflationary standard that helps shrink the token’s supply. As of writing time, the meme coin’s burn rate has maintained its rally from the past week. Shiba Inu bullish burn outlook Per data from Shibburn, the Shiba Inu burn rate has increased by 389% in the past 24 hours. This means 6,314,537 SHIB have been sent to inactive wallets in a day. Since last week, the SHIB burn rate has remained sufficiently high to help…

According to Onchain data, Binance Labs, the investment arm of cryptocurrency exchange Binance, may have sold some of the two altcoins in which it is an investor. According to the data, Binance Labs transferred 30 million GMT (GMT) tokens from its investment wallets to Binance two days ago. The dollar equivalent of this amount is measured at $7.29 million. Today, the company moved 400,000 Axie Infinity (AXS) tokens to Binance, equivalent to a total of $3.72 million. Binance Labs, one of the first project investors of GMT, received a total of 75 million GMT as compensation for the investment. This…

Bitcoin (BTC) has experienced a steady decline in recent sessions, but technical indicators are sending mixed messages, hinting at a possible market shift on the horizon. Despite the bearish price trend, oscillators are providing a mix of neutral, buy, and sell signals, reflecting indecision among traders. Bitcoin On the 1-hour chart, bitcoin’s (BTC) downward trajectory is clear, as the price dropped from a peak of $63,455 to recent lows near $62,039. The pattern of lower highs and lower lows signals that sellers have been in charge, even though brief bullish moves have appeared along the way. Despite these short-lived rallies,…

Ethereum has crossed the $4,000 mark for the first time since reaching its all-time high, signaling a major milestone. Bitcoin, on the other hand, has faced some volatility. Recently, the market saw a significant outflow of half a billion dollars in just 60 minutes, leading to concerns about Bitcoin’s price action. At the time of writing, Bitcoin is trading at $99,500 levels. On The Paul Barron Network, analyst The Trading Parrot, said that Ethereum’s price surge comes after a strong bounce from support levels around $2.3k to $2.4k in September. This recent breakout feels different from previous attempts at $4K,…

Solana meme coins like Popcat and Cat in a dogs world continued their uptrend as their total market cap jumped to $11.38 billion. Solana DEX volume soars Popcat (POPCAT) was trading at $1.3220 on Monday, Oct. 21, up by 30,000% from its lowest level this year. This surge has pushed its market cap to $1.3 billion, making it the third-biggest Solana meme coin after Dogwifhat (WIF) and Bonk (BONK). Cat in a dogs world (MEW) rose to a record high of $0.01050, up by 285% from the year-to-date low. Its valuation has increased to $828 million, making it the fourth-largest…

Legendary game developer CCP Games this week lifted the lid on Eve Frontier, a space survival game set in the Eve Online universe that features blockchain integration. Initially referred to as Project Awakening, Eve Frontier appears to have a lot of similarities to the massive Eve Online game, but with more of a survival focus—and the ability to use crypto tokens and blockchain code to impact and reshape the game in new ways. With such a prestigious development studio behind it, hopes are high that Eve Frontier could be one of the first truly triple-A blockchain games. And you’ll be…

TradingView, the financial platform and social network for traders and investors, announced the integration of Coinbase’s perpetual cryptocurrency swaps into its charting and analysis tools. The expansion marks another development in the platform’s cryptocurrency offerings this month, enabling traders to analyze contracts on major digital assets including Bitcoin and Litecoin. The integration introduces perpetual futures data from Coinbase, which ranks as one of the largest cryptocurrency exchange by trading volume. Users can now access and analyze perpetual swaps on both major cryptocurrencies and emerging altcoins through TradingView’s interface. “TradingView users have long benefited from Coinbase’s spot data available on our…

Bitcoin’s golden cross reappears, signaling potential for another rally. Past golden crosses led to significant BTC price surges. Traders anticipate a possible upward trend, but volatility remains a concern. A golden cross has once again appeared on Bitcoin (BTC) charts, sparking hope for a bull rally. Back in 2016, the golden cross led to a 2,400% surge. In 2020, Bitcoin gained 600% after the same event. Now, many traders wonder if a parabolic run is near. As the post below highlights, this golden cross could mark the start of a significant increase in the price of BTC. BITCOIN BULL RUN…

A popular analyst known for his timely crypto calls says Ethereum (ETH) may soon be heading for new all-time highs. Pseudonymous trader Pentoshi tells his 799,900 followers on the social media platform X that the top altcoin by market cap may be gearing up for another leg up as demand increases for spot ETH exchange-traded funds (ETFs). “ETH new yearly highs on deck. We did it. You won’t believe what hopefully comes next… ETH now at $4,000. Yearly highs next. Have discussed the early changes of the ETF and now the accelerating pace. No reason to think we don’t see…