Author: NBTC

BTC’s dominance rate slid as Mt. Gox news weighs over BTC. Short-duration options show renewed bias for puts or downside protection. Some observers say Mt. Gox concerns may be overblown. Bitcoin (BTC) is usually less volatile than alternative cryptocurrencies (altcoins), but Monday was different. The leading cryptocurrency took a bigger hit than smaller tokens, leading to a marked slide in its market dominance in a compelling portrayal of the apprehensions about the impact of impending payouts to victims of a 2014 Mt. Gox hack. BTC’s dominance, or share of total crypto market value, fell by 1.8% to 54.34%, the biggest…

Ethereum-based CryptoPunks reclaimed the daily non-fungible tokens (NFTs) sales chart on Tuesday with US$663,757 across 11 unique buyers engaging in transactions, according to CryptoSlam data. The collection’s average sale price stood at US$60,341, pushing its all-time sales volume to US$2.86 billion, third in the industry. The second-ranking collection for the day was NodeMonkes, which belongs to the Bitcoin blockchain, with a total daily sales volume of US$627,789. This collection saw 88 unique buyers and 97 transactions. NodeMonkes is the top Bitcoin-based collection in the all-time sales chart and 26th across all chains with US$254.7 million. It now sits less than…

Ethereum (ETH) price is still under heavy sell pressure after the weekend’s market crash, with major holders continuing to offload despite bulls attempting a recovery. According to X (formerly Twitter) user Lookonchain, a whale and asset manager Metalpha dumped nearly $73 million in ETH in the latter hours of trading on Aug. 5. Onchain data shows the two entities moved 29,557 ETH to a Binance deposit address in the past three hours. The news comes as over $1 billion in liquidations hit the crypto market over the past 24 hours, with ETH-related correlations representing 30% of the amount, as data…

Toncoin (TON) continuously grew its activities in all of Q2, on a mix of new users and an inflow of native Tether (USDT). Toncoin (TON) turned into one of the most widely used and accessible chains, carrying several trends with high daily activity. In the past quarter, Toncoin carried more than $9B in volumes, based on the creation of close to 600M native USDT. The USDT outstanding supply remained flat since June, at 579M tokens. July turned into a highly active month for Toncoin, based on mini-apps and especially Hamster Kombat and its competitors. Toncoin, the rebranded TON blockchain, is…

The crypto market experienced a drastic decline on Sunday, which continues today. Top 7 Ico reports that the global crypto market cap has dropped 13.5%. It now stands at about $1.85 trillion. Top Exchanges by Liquidations at Weekend – over $1.1B liquidated in total@Bitcoin $BTC fell 14.8% in the past 24 hours, while @ethereum $ETH tumbled 21.4%.The vast majority of the casualties were long positions in last 56 hours, with more than $1.14B liquidated in total.… pic.twitter.com/y9OfsUrGmR — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) August 5, 2024 Over the last 24 hours, crypto-tracked futures registered over $1.14 billion worth of…

Discover SCENE Leading Bitcoin Ordinal projects have bounced back over the past 24 hours, after the global market experienced widespread sell-offs and recession fears at the start of the week. NodeMonkes, the largest Ordinals project by market cap, has increased its floor price by 34.2% over the past 24 hours to $7,600. Meanwhile, Bitcoin Puppets, the second largest project, has climbed 38% to a floor of $5,600. Bitcoin Ordinal Inscriptions are digital assets inscribed on a satoshi, the lowest denomination of a Bitcoin (BTC). Ordinals are often looked at as NFTs for Bitcoin. The protocol originally took the industry by…

Ether suffered notable declines today, dropping to its lowest value of the year, as the broader cryptocurrency markets, and risk assets in general, suffered widespread losses. The price of ether, the second-largest digital currency by market value, fell below $2,200 earlier today, CoinMarketCap data shows. Just two days prior, it was trading above $3,000, additional CoinMarketCap additional CoinMarketCap figures show. Tim Enneking, managing partner of Psalion, emphasized the severity of this drop, describing it as “breathtaking, especially by the standards of the past several years,” in emailed comments. Several other cryptocurrencies, including bitcoin and Solana’s SOL token, also experienced notable…

Orbler has partnered with MintSwap, the leading integrated decentralized exchange (DEX) and NFT marketplace on the Mint Blockchain. This collaboration aims to enhance token and NFT trading by introducing innovative social features and top-tier decentralized finance (DeFi) tools. Orbler has teamed up with @MintSwap_HQ, the premier integrated DEX and NFT marketplace on the Mint Blockchain. Discover advanced token and NFT trading with innovative social features and top-tier DeFi tools. Welcome to a new era of Web3 trading! 🌐 pic.twitter.com/lGtnC8qQef — Orbler (@Orbler1) August 5, 2024 Orbler Partners with MintSwap to Connect Projects and Communities MintSwap is the first of its…

A trader known for making timely Bitcoin calls says that the current BTC correction is healthy for the long-term uptrend of the crypto king. Pseudonymous analyst Dave the Wave tells his 146,700 followers on the social media platform X that Bitcoin’s latest move below $60,000 has invalidated prospects for a BTC parabolic surge. According to the crypto strategist, Bitcoin’s price action suggests that more consolidation is on the horizon, allowing BTC to build a better base for a stronger lift-off later this year. “A positive of BTC price not going parabolic is that it continues to develop in a relatively…

Vitalik Buterin, the co-founder of Ethereum, has recently made a significant move in terms of asset transactions. Lookonchain, a famous on-chain analytics company, revealed that Vitalik Buterin shifted up to 3,000 $ETH tokens just 3 hours back while the potential reasons behind this transaction are still unclear. The on-chain analytics firm provided the details about this event on its official social media account. vitalik.eth (@VitalikButerin) moved 3,000 $ETH($7M) 3 hours ago.Wallet”Vb 3″ moved 3,000 $ETH($7M) to vitalik.eth.Currently vitalik.eth holds 245,223 $ETH($571.72M).https://t.co/rGg94jQIlO pic.twitter.com/XUlnOkX8M8 — Lookonchain (@lookonchain) August 5, 2024 Ethereum Co-Founder Moves 3,000 $ETH to His Primary Wallet ‘vitalik.eth’ In its…