Author: NBTC
Analyst and trader Kevin Svenson is saying that Bitcoin (BTC) is flashing a bullish signal amid the flagship crypto asset’s double-digit bump over the past month. In a new video, Svenson tells his 78,400 YouTube subscribers that Bitcoin is on a parabolic trend and is close to a “point of going vertical.” “Bitcoin is near what is called a Blue Sky Breakout. A Blue Sky Breakout is when an asset breaks above all previous historic price action and experiences what’s called price discovery. So a Blue Sky Breakout is likely what’s coming up very, very soon.” Source: Kevin Svenson/YouTube According…
Ethereum price is slowly moving higher above the $3,800 resistance zone. ETH could gain bullish momentum if it clears the $3,880 and $3,920 resistance levels. Ethereum is holding gains above the $3,800 level. The price is trading above $3,840 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $3,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,800 support. Ethereum Price Eyes More Upsides Ethereum price remained stable above the $3,760 support zone. ETH formed a…
In a recent online discourse, a discussion arose concerning the loyalty dynamics of David Schwartz, Ripple’s Chief Technology Officer, and a pivotal figure in the development of the XRP Ledger. The conversation was initiated by a member of the community, who questioned Schwartz’s allegiance, suggesting that it primarily rested with Ripple Labs rather than the broader XRP ecosystem. Responding thoughtfully, Schwartz shared insights into his perspective on loyalty. He recounted a past conversation with Ripple cofounder Chris Larsen, where the concept of loyalty was raised for a discussion in the context of Schwartz potentially joining the Ripple board. Schwartz clarified…
Elections for the 700+ member of the European Parliament start today, with results due by June 9. The vote is taking place as the bloc’s crypto rules, MiCA, are set to kick in. The new parliament isn’t seen as demanding changes to MiCA in the immediate future, though it has the power to ask the European Commission for a report on whether changes are needed. Residents of the 27 European Union countries have begun choosing their representatives in the multinational trading bloc for the next five years. The election for members of the European Parliament (MEPs) starts today, with results…
According to CoinGlass data, Bitcoin open interest has hit a new all-time high peak of $37.66 billion. Open interest refers to the total dollar amount of outstanding Bitcoin futures or options contracts. Options traders are eyeing a new record peak According to a recent report by Bloomberg, options with a strike price of $75,000 have managed to accumulate the most open interest due to traders anticipating a major rally. Options with a strike price of a whopping $100,000 also rank high by open interest. This indicates strong bullish sentiment among Bitcoin traders. The world’s largest cryptocurrency is currently trading at…
Whale Insider, a crypto-focused X account with 211K followers, has outlined 14 cryptocurrencies in the meme coin market that could transform a mere $1,000 investment into a $100,000 fortune. The X account sorted the meme coins based on their current market share. It suggested investors could potentially earn a 100-fold ROI from the tokens. Remarkably, Whale Insider’s recommendation was largely dominated by meme coins developed on the Solana blockchain. Leading the pack was Dogwifhat (WIF), which has gained prominence for its extraordinary performance in the early stage of this bull market. Image Source httpstwittercomWhaleInsider Established Solana Meme Coin Set for…
A viral video of CNBC’s “Mad Money” host Jim Cramer telling SEC Chair Gary Gensler that he lost the Ripple case stirs mixed reactions within the XRP community. In the video making rounds within the crypto community, Cramer told Gensler to his face that he lost the XRP case. “The SEC Vs. Ripple Labs… You lost that one,” Cramer told Gensler during a CNBC interview on June 5. 🚨 JUST IN: 🇺🇸 Jim Cramer Tells Gary Gensler He Lost The SEC vs. Ripple $XRP Case On CNBC !! 💥🇺🇸 “SEC Vs. Ripple Labs… You Lost That One!” Comment Below &…
Sahm Adrangi, founder and Chief Investment Officer of Kerrisdale Capital, elaborated on the firm’s perspective during an interview. According to Adrangi, the Bitcoin (BTC) mining industry is expected to become obsolete within five years. Adrangi described Bitcoin mining as one of the “stupidest business models” Kerrisdale has encountered in his 15-year short selling history. Adrangi criticized the industry for negligible barriers to entry that allow companies worldwide to buy ASIC miners from China, set up operations in regions with cheaper electricity, and undercut U.S. miners. He emphasized that US-based Bitcoin miners are not profitable and survive primarily by issuing more…
During the week of June 1-8, 2024, non-fungible token (NFT) sales experienced an increase compared to the previous week. NFT sales reached $133.19 million, a rise of 7.51%. NFT Market Gains 7.51% This Week This week’s NFT sales showed a 7.51% increase after several weeks of decline. The seven-day sales totaled $133.19 million, involving nearly 90,000 buyers and sellers. The priciest NFT sale this week came from the Cardano chain, selling for $219,102 three days ago. The second most expensive NFT was an Ethereum-based Cryptopunk #1,002, which sold for $193,372 two days ago. Seven day non-fungible token (NFT) sales stats…
As many assets in the cryptocurrency market start to resume their price increases, the sector’s largest altcoin – Ethereum (ETH) – has been one of them, and machine learning and artificial intelligence (AI) algorithms are fairly optimistic about its progress for the next several weeks. Indeed, Ethereum has been riding the current bullish wave in the crypto sphere, heightened by the exceptionally positive prediction by investment giant VanEck, which sees the second largest asset in the cryptoverse by market capitalization, reaching a whopping $22,000 by 2030. Ethereum price prediction In terms of its price prognosis for the near future, Ethereum…