Author: NBTC
Bitcoin is going to break out to new highs by year-end irrespective of who wins the U.S. election, the report said. The bank said bitcoin could reach $125,000 if Trump wins and $75,000 if Harris triumphs. Standard Chartered said positive catalysts such as regulatory reform are expected to dominate the crypto market, regardless of the election outcome. Bitcoin (BTC), the world’s largest cryptocurrency, is expected to hit a new high by year-end, regardless of who wins the U.S. election in November, investment bank Standard Chartered (STAN) said in a report on Thursday resuming coverage of the sector. The outcome of…
In a particularly high-stake move, a whale investor who lost $611,000 on cryptocurrency $POPCAT paid 8,644 SOL ($1.29 million) to repurchase 1.3 million $POPCAT tokens in an attempt for a financial rebound. A whale who lost $611K(-45%) on $POPCAT before spent 8,644 $SOL($1.29M) to buy 1.3M $POPCAT at $1 again in the past 2 days.Can he make money on $POPCAT this time?https://t.co/xmXhubPcWP pic.twitter.com/mgDzu7gGYZ — Lookonchain (@lookonchain) September 25, 2024 This massive exchange was brought to the attention of Lookonchain, a blockchain analytics platform that captures the actions of whales and significant changes in the market. The whale bought the POPCAT…
El Salvador accumulates Bitcoin daily, reaching 5,871 BTC. Mixed public adoption, with 88% of Salvadorans not using Bitcoin. El Salvador has made headlines once again in the cryptocurrency world by consistently adding one Bitcoin to its national reserves every day for the past 665 days, regardless of market conditions. This accumulation strategy has brought the government’s Bitcoin holdings to 5,871 BTC, currently valued at approximately $342 million. 🇸🇻 El Salvador keeps stacking 1 #Bitcoin daily for the past 665 days, no matter the market!The government now holds 5,871 $BTC ($342M), with 3,046 $BTC publicly known to be bought at an…
Solana’s technological prowess could propel its market cap to reach half of Ethereum, according to a recent report from VanEck’s Market Vector. The report also projects that Solana’s price may rise to $330, which means an increase of over 50% from its current level. “Based on third party research, Solana has the potential to reach 50% of Ethereum’s market cap, with predictions placing SOL at a price of USD 330,” the report wrote. “These forecasts are derived from technical models available on platforms like TradingView, suggesting a possible seismic shift in the cryptocurrency landscape if this market cap increase occurs,”…
Before bitcoin’s fourth halving, the crypto asset soared to a peak of $73,794 on March 14, as recorded on Bitstamp. During the period from March 10 to April 10, bitcoin’s hashprice—representing the estimated daily earnings for 1 petahash per second (PH/s)—fluctuated between $105 and $125 per PH/s. Fast forward to this week, and as BTC hovers around $68.5K to $61.2K, the hashprice has bounced around between $47.88 and $53 per PH/s. Considering the impact of the fourth halving and increased mining difficulty, BTC’s spot price would need to climb into the triple-digit range for hashprices to again breach $100 per…
GMX, a leading decentralized perpetual exchange, has introduced a new BTC-USD market backed by tBTC, the decentralized Bitcoin-backed token from Threshold Network. This launch is a significant step for GMX to offer its users a trust-minimized alternative to the commonly used wrapped Bitcoin (wBTC). GMX launches a BTC-USD market backed by tBTC, the decentralised Bitcoin-backed token from Threshold Network.GMX is introducing tBTC as a collateral asset on Arbitrum, offering users a trust-minimised alternative to wrapped BTC (wBTC). The decentralised token from @TheTNetwork… pic.twitter.com/7LXzu0AGbf — GMX 🫐 (@GMX_IO) September 11, 2024 GMX Unveils tBTC as a Collateral Asset on Arbitrum The…
A cryptocurrency investor has taken advantage of the ongoing boom around meme cryptocurrency Moo Deng (MOODENG) to record over 2,500-fold returns on their initial investment. The gains by the unidentified investor came from an investment of $1,331, which turned into a staggering $3.4 million in a trading initiated on Raydium, an automated market maker (AMM) platform built on Solana (SOL) involving the MOODENG/SOL pair, data shared by Lookonchain indicates. The trade occurred on September 10, when the trader purchased 38.7 million MOODENG tokens for 9.8 SOL, valued at $1,331. Just two weeks later, on September 25, the value had skyrocketed,…
TapSwap, the popular Telegram tap-to-earn platform, has left players in limbo regarding the token generation event. In a relatively vague X post, the developers mentioned they were working on “lots of exciting news and announcements” but did not specify the airdrop’s date. Dear Tapswappers,We know you’re eagerly waiting for the DATE, but we also understand that you’re a bit busy this week (🐹). Just a quick FYI — lots of exciting news and announcements are on the way! — tapswap (@tapswapai) September 25, 2024 The latest statement is notable because TapSwap’s airdrop was initially scheduled for July. It was then…
Binance, world’s leading crypto exchange, has achieved a major breakthrough in trading volume. Its cumulative spot and derivatives trading volume has exceeded 100 trillion U.S. dollars, according to CCData. This proves Binance to be the dominant force in both spot and derivatives trading. Binance makes history This month, Binance achieved a significant milestone by becoming the first centralized exchange to surpass $100 trillion in combined spot and derivatives trading volume, marking a historic moment in the crypto industry. OKX follows at a distant second with $24.9 trillion, while Bybit and Bitget rank third and fourth with $13.2 trillion and $10.9…
A widely followed cryptocurrency analyst and trader is saying that Bitcoin (BTC) is set for a bullish phase once September comes to a close. The analyst pseudonymously known as Rekt Capital tells his 501,200 followers on the social media platform X that the fourth quarter could be bullish for Bitcoin. “You just need to survive September. Because if history repeats, Bitcoin may be heading for three straight months (October, November and December) of positive upside monthly returns.” Bitcoin is trading at $56,810 at time of writing. According to the pseudonymous analyst, Bitcoin has enjoyed an average return of 22.9% in…