Author: NBTC
Despite prevailing bearish sentiments surrounding Bitcoin (BTC), a trading expert has noted that there remains a chance for the asset to rally in the short term. In an insightful analysis shared on June 21 on TradingView, Alan Santana examined the Bitcoin monthly chart, revealing mixed signals for investors. Despite previous bullish trends, recent movements have shown concerning signs. Last month, Bitcoin’s price closed below the peak of November 2021, suggesting a struggle to surpass previous highs. The expert noted that this month started bullishly, evident from the long upper shadow on the session, but it has turned bearish in the…
An analyst who accurately called the most recent crypto correction is issuing a dire warning to Ethereum (ETH) holders. Crypto strategist Benjamin Cowen tells his 845,000 followers on the social media platform X that Ethereum looks poised to repeat its massive corrections witnessed during the 2016 and 2019 market cycles. According to Cowen, a similar script appears to be playing out after Ethereum recently collapsed against Bitcoin (ETH/BTC). “This idea for ETH/USD is starting to look more believable.” Source: Benjamin Cowen/X In May of this year, Cowen predicted that ETH would lose 70% of its value and plunge close to…
The price of popular cryptocurrency XRP is on the rise today, a surprising development given that much of the rest of the market has plunged into the red. Since the start of the new trading session, XRP has added more than 1.3% to its price, bringing its rate to $0.46. This advanced price performance has sparked speculation about potential factors driving upward movement. One possible reason could be expectations or insider knowledge about the imminent outcome of the SEC case against Ripple. Notably, the parties involved are currently deciding the final issue of the amount of remedies. Supporting this theory…
RedStone has recently announced a strategic collaboration with Monad, an exclusive L1 blockchain that offers ultra-high-performance consensus and execution. The partnership between RedStone and Monad focuses on supporting the Monad testnet with the provision of pull and push data distribution models on the mainnet. The platform took to its official social media account to provide insights into this initiative. Gminers 🤝 GmonadRedStone is proud to announce its support for @monad_xyz testnet. Both models, Push and Pull will be available from day 1 on the mainnet.Fast integration is a prime example of the flexibility our modular design allows.Learn more below 👇…
The wider cryptocurrency market has recently been marked by substantial volatility. June started strong, but by the second week, investor sentiment shifted dramatically from optimism to caution, with Bitcoin (BTC) experiencing a period of consolidation, hovering above $63,000 after facing resistance at the $70,000 mark. A report from QCP Capital indicates that Bitcoin’s price consolidation is likely to continue for the next two months, with a potential bull run not expected until late 2024. Despite some positive developments, the price action remains weak, with BTC trading as low as $64,300. Short-Term price cap Bitcoin price is expected to remain constrained…
Ethereum co-founder Vitalik Buterin recently brought to light crucial updates on Ethereum block advancement. Buterin gave the disclosure on X, highlighting a post from Dan Robinson hailing Max’s proposal over FOCIL. Update on Ethereum block advancement Dan Robinson, a researcher at Paradigm, claims in an X post that Max’s proposal prioritizes ordering of transactions rather than the leader’s discretion. He added that no single assigned leader is the last mover of on-chain transactions. “Whatever you want to label this constellation of properties, I find it appealing,” Robinson stated. In response, Buterin highlighted that the Ethereum research team has agreed that…
Lucie, a Shiba Inu marketer, expresses confidence in the arrival of SHIB ETFs, but outlines the drawbacks as well as the benefits they could bring. Amid the success of the spot Bitcoin ETFs, which currently boast $15.5 billion in net inflows since January, discussions around exchange-traded funds (ETFs) have spilled to other crypto assets. Discussions around Crypto ETFs The top contender for the next batch of ETFs is Ethereum. The SEC recently approved 19b-4 filings from different issues to launch a spot Ethereum ETF. However, the regulatory agency still needs to approve the S-1 registrations for these products to start…
A blockchain developer is set to fork the BRC-20 token standard to introduce decentralized finance capabilities to the Bitcoin network. A blockchain developer under the alias Mikael.btc, best known as the creator of the BRC-100 token standard, wants to fork BRC-20 in an effort to roll out a new protocol designed to bring decentralized finance to the Bitcoin (BTC) network. In an Aug. 9 post on X, the developer outlined plans for the fork, emphasizing that the upgrade would address key limitations of the BRC-20 standard, including its “lack of programmability,” scalability challenges, and the absence of defi infrastructure. BRC-20…
Renowned venture capitalist Naval Ravikant opined that Bitcoin (BTC) is the only true L1 in terms of store of value, while alternative blockchains are only competing for the best medium of exchange status. Crypto commentators are sure that the picture is more nuanced. Naval Ravikant calls Bitcoin (BTC) true store of value Iconic venture investor and AngelList founder Naval Ravikant took to Twitter to call Bitcoin (BTC) the true “Layer One” and “Store of Value.” All other blockchains (altcoins) are therefore competing to become “Medium of Exchange,” or Layer Two. Perhaps Bitcoin is the true L1 (the store of value)…
The bullish recovery in Ethereum is slower than anticipated as it crosses $2,500. However, the rising Ethereum ETF inflows teases an uptrend in the biggest altcoin reach. Will $ETH hit the $3,000 mark this month? As the crypto market cap, including Bitcoin, jumps back to $1.978 Trillion, a 16% surge in 52 hours. With Bitcoin hitting the $57 mark today, Ethereum remains undershadowed with minimal recovery over the same time span. Standing above the $2,500 pivot, Ethereum makes a second consecutive bullish candle. Will the recovery rally overcome the bearish influence of last Monday’s 10% bloodbath? Ethereum Bullish Route from…