Author: NBTC
A crypto analyst has disclosed reasons why the price of Bitcoin could witness more declines to $52,000 lows. According to the analyst, Bitcoin has broken key support levels, which indicates a potential shift from a bullish to a bearish position. Analyst Projects Bitcoin Crash To $52,000 In a post on X (formerly Twitter) on June 21, crypto analyst, Justin Bennett predicted that Bitcoin could witness a price crash to key ranges between $52,000 and $54,000. He shared a price chart illustrating Bitcoin’s recent decline, highlighting that its price remains range-bound, showing no clear downward or upward trend as it trades…
According to Lookonchain’s post, many wallets that have been dormant for 3.3 years transferred 789,533 Ethereum (ETH) worth a total of $2 billion. Investigating where these funds came from, Lookonchain stated that it detected that ETHs came to these wallets from the “Plus Token Ponzi 2” wallet. These ETHs were seized by Chinese police fighting against the PlusToken Ponzi scheme. The Plus Token Ponzi 2 wallet distributed Ethereum to thousands of wallets in 2020, and the wallets have not moved since then. However, activity has begun in these wallets and thousands of ETH transfers are being made. “Hundreds of wallets…
MakerDAO’s Spark announced a $1 billion Tokenization Grand Prix to boost real-world asset onboarding. MakerDAO’s quarterly revenue hit an all-time high, surpassing $85 million, fueling investor confidence. Maker (MKR) has seen a significant boost in value in the middle of a volatile cryptocurrency market, gaining third place on the list of major cryptocurrency top gainers. At the time of writing, MKR was trading around $2,396.89, up 5.51% over the last 24 hours. Its current market cap surpasses $2.2 billion. The market appears to have responded positively to recent Maker initiatives, particularly its DeFi lending protocol, Spark. Spark Tokenization Grand Prix:…
Arkham has announced a major partnership with Galatasaray. It is one of the top world’s football clubs which is a based on the European side of the city of Istanbul. Through this partnership, Arkham expands its presence in Turkey’s rapidly growing blockchain community. During a press conference, Arkham CEO Miguel Morel shared his excitement about the collaboration and the potential it brings. Arkham X GalatasarayWe’re tremendously excited about this partnership with one of the world’s best clubs to grow our presence in Turkey’s thriving blockchain community. Our CEO @MiguelMorel’s comments at the @GalatasaraySK sponsorship signing ceremony today below: pic.twitter.com/LWhuY3TA9N —…
In a recent statement, famous cryptocurrency analyst Willy Woo shared his views on what is needed for the Bitcoin (BTC) price to recover. Woo explained: “When will Bitcoin recover? When weak miners die and the hash rate recovers.” Woo explained: “When will Bitcoin recover? When weak miners die and the hash rate recovers.” Woo, mevcut durumun rekorlar kitabına girecek bir durum olduğunu, çünkü madencilerin yarılanma (halving) sonrası çöküşünün alışılmadık derecede uzun sürdüğünü belirtti. Bunun nedeninin, madenci kârlarını artıran ordinals olabileceğini öne sürdü. Woo then took us on a journey into past recoveries. Woo recalled the 2017 hashrate recovery that lasted…
On the 9th of August, the crypto market displayed a huge upward movement in the case of several DeFi tokens. TOP 7 ICO, a prominent platform offering analytics and information regarding top crypto-related projects, disclosed seven such entities based on their unique daily gains. The analytics provider took to its official X account to provide the details of these projects. Top 7 Gainers of the Day – Aug 9th@solfwog $FWOG +107%@Quark_Chain $QKC +72.4%@tokenfi $TOKEN +49.8%@degentokenbase $DEGEN +42.4%@VaraNetwork $VARA +33.3%@undeadscom $UDS +32.0%@beercoinmeme $BEER +29.9% pic.twitter.com/3Oo6Z0J9Oy — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) August 9, 2024 TOP 7 ICO Release the List…
Lido is introducing Lido Institutional, a B2B-focused white glove service targeted at large customers like crypto funds and asset managers with ETH. Today, institutions can theoretically stake ETH on Lido by themselves. What Lido’s new initiative aims to address are the anti-money laundering and know-your-customer concerns of institutional clients, allowing them to stake and mint new stETH with no transaction history, thereby avoiding the commingling of institutionally-owned stETH with stETH by Lido’s retail users. Lido is the largest liquid staking platform, controlling 28.75% of all staked ETH on Ethereum, according to Dune data. That’s down from its staking share peak,…
The Shiba Inu partnership with K9 Finance and Unification seeks to enhance the Shibarium DeFi ecosystem with attractive offerings. The Shiba Inu ecosystem is about to undergo a significant transformation through the partnerships with K9 Finance and Unification. Together, they seek to enhance decentralized finance (DeFi) within Shibarium, the blockchain layer of the ecosystem. Shiba Inu Partnership with K9 and Unification Shiba Inu’s long-term partnership with Unification has been pivotal to the development of Shibarium. The platform has provided key infrastructure for the development of the layer-2 solution as well as its launch in August 2023. Meanwhile, the Shiba Inu…
In the ever-evolving blockchain world, regular active addresses and transaction volume are the chief indicators concerning performance and adoption. TOP 7 ICO, a well-known crypto analytics platform, has shared a comparative analysis of the prominent blockchains over the past seven days in terms of the number of transactions reported by Artemis. The platform discussed this on its official social media account. Top Blockchains by Number of Transactions in last 7 daysLet’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to @artemis__xyz, in order to evaluate their current adoption…
A closely followed trader believes that a key support level for Bitcoin will collapse before BTC witnesses another move to the upside. Pseudonymous analyst the Flow Horse tells his 219,400 followers on the social media platform X that Bitcoin is flashing multiple signals suggesting that support at $60,000 will crumble before the crypto king sees a trend reversal. “My honest opinion to expand on my point earlier in the week about being close to a bottom probably in time (next couple of months) but not in price… I am fairly confident Bitcoin will trade below $60,000 again. I know we…