Author: NBTC
BlackRock’s spot Bitcoin ETF — the iShares Bitcoin Trust (IBIT) — surpassed a record high of $720 million in daily volume on Feb. 14 to take the number one spot in terms of volume, according to data from Coinglass. Commenting on IBIT’s more than $700 million in volume on Feb. 14, Bloomberg ETF analyst Eric Balchunas described the trend as a “more unusual second wind strength” for the fund. He explained: “[The] reason this is interesting and unusual is [because] early on IBIT’s volume was correllated [with] GBTC outflows and perhaps to any ‘lined up’ cash [BlackRock] had. Thought all…
Esports organization Team Liquid announced Wednesday a multi-year collaboration with Mysten Labs, original creator of the Sui blockchain, to build a new fan loyalty platform and NFT collectibles experience. The long-running esports team, which fields competitors in games like League of Legends, Dota 2, and Counter-Strike, plans to relaunch its existing fan loyalty program, which rewards fans with points for their support of the organization. Under the new platform that’s set to launch in Q2 2024, Team Liquid fans can earn unique NFT collectibles that let them customize avatars representing the organization’s mascot, Blue. These collectibles can also unlock exclusive…
The Ethereum (ETH) price has recently experienced an uptick in demand, particularly noticeable around the $2200 level. This change is highlighted by distinct long-tail rejection candles observed on its daily chart, indicating a decrease in bearish momentum. This shift comes in tandem with the Bitcoin price stabilization above $40000, alongside a broader uptick in altcoin markets, sparking a new relief rally. Over the past three days, the Ethereum price has seen a nearly 4% increase, now trading around the $2280 mark. Given this renewed buying pressure, can Ethereum leverage this momentum to surpass the $2500 threshold once again? Bear Trap…
The U.S. Federal Reserve on Wednesday, as expected, held policy steady, leaving its benchmark fed funds rate range unchanged at 5.25%-5.50%, but perhaps dented market hopes of a rate cut at its next meeting in March. “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent,” said the central bank in its policy announcement. Though market watchers universally expected the Fed to remain on hold today, the outlook is quite a bit different for the remainder of the year. Prior to today’s…
An XRP community figure recently spoke on the perceived commitment from Ripple to establish XRP as a bridge currency between CBDCs instead of introducing a stablecoin to the XRPL. These remarks came from Mr. Huber, a notable on-chain sleuth within the XRP community. In an effort to satisfy his curiosity, Mr. Huber presented a significant question to the XRP Ledger (XRPL) community bordering on the ecosystem’s growth. The on-chain investigator questioned why blockchain payments firm Ripple had not facilitated the inclusion of a sufficiently liquid stablecoin in the XRPL ecosystem. Notably, while Ripple is merely one of the numerous builders…
The Bitcoin Fear & Greed Index has risen to its highest level in almost three years, hitting Extreme Greed at rocket speed. Using past performance and indicators, it is possible to deduce where the BTC price is headed next after reaching this new milestone. Bitcoin Fear & Greed Index At New 2-Year High The Bitcoin Fear & Greed Index is a measure of investor sentiment and how they are looking at the market. This can help to figure out if investors are currently putting money into the market or if they are taking money out of it. There are five…
Bitcoin price extended its increase above the $52,000 resistance. BTC is consolidating gains and might aim for more upsides toward the $55,000 resistance. Bitcoin price remained in a bullish zone above the $51,000 and $51,200 levels. The price is trading above $51,200 and the 100 hourly Simple moving average. There are two bullish trend lines forming with support at $51,450 and $49,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $52,500 resistance zone. Bitcoin Price Extends Rally Bitcoin price started a steady increase above the…
The Theta team is currently developing the Theta EdgeCloud, an innovative decentralized software platform designed for periphery computing. This will enable them to provide cost-effective connectivity for developers, researchers, and businesses, enabling them to utilize GPU processing capabilities in the context of AI and video work. The Theta Edge Network enhances the performance. The first phase of EdgeCloud is scheduled to be unveiled on May 1, 2024, as mentioned in Theta’s roadmap. The foundation upon which EdgeCloud’s AI computing framework is built has been under development for a considerable period of time. With Mainnet 3.0, the Theta Edge Network debuted…
Get your daily, bite-sized digest of NFT news today – investigating the stories flying under the radar among the latest NFT news. Top NFT news today, February 21, 2024: NFT Market Data Studio 369 Announces MetalCore’s Closed Beta with Rewards for NFT Holders Following a $39M Airdrop, Optimism Says There is $2BN More to Come Tezos-based NFT Cricket Game Surpasses 12,000 NFT Transaction NFT Market Data Over the past 24 hours, the non-fungible token (NFT) sales volume has decreased 3.6% to $40,640,116. Buyers are down nearly 5.6%, the number of sellers fell 10%, and transactions dropped 5.7%, according to CryptoSlam.…
Crypto analyst Benjamin Cowen says that he’s expecting Ethereum (ETH) to correct sharply to below the $1,000 level. In a new strategy session, Cowen tells his 790,000 YouTube subscribers that historically, ETH often “tests the integrity” of its major cycle lows at least twice before moving into a new bull phase. The analyst points out the retests of cycle lows in 2015, 2016 and 2020 and says that another low in 2022 has yet to be retested. Cowen forecasts that Ethereum first breaks down in its Bitcoin pair (ETH/BTC) before ETH/USD follows suit, likely this year. “What I’m suggesting is…