Author: NBTC
BitTorrent Chain, a collaborative project between BitTorrent and TRON, has reflected on its achievements in 2023. For starters, BitTorrent has highlighted that they have been able to keep the market cap steady while keeping the total volume locked to a new peak with a growth of 33.61%. The value amounts to $16.06 million based on the year to date. BitTorrent has ventured out to explore the DeFi segment, which is decentralized finance. It has, so far, integrated several projects into the mainstream. This includes the likes of SpookySwap, Sushi, and Kyberswap. That said, BitTorrent is confident about its upcoming projects,…
Ethereum is among the top cryptocurrencies in digital assets and plays a key role in leveraging various sectors and industries worldwide, including the crypto space. In fact, Ethereum’s standing is next to that of Bitcoin, the leading cryptocurrency today, in terms of market capitalization. While its use has been remarkably growing in finance, it is also broadly gaining traction in the gaming sector, resonating with ETH gambling enthusiasts. As our article is based on the theme of Ethereum thrills in the crypto space, we will explore how this second most popular cryptocurrency transforms the space of crypto and the irresistible…
The crypto trading landscape is witnessing a paradigm shift with the recent introduction of spot Bitcoin ETFs in the United States, catalyzing a new wave of trading dynamics. Bloomberg analyst James Seyffart revealed that the total trading volume of the US spot Bitcoin ETFs over a span of the first three days approached the $10 billion mark. This substantial volume was predominantly led by Grayscale’s GBTC, with a three-day trading volume amounting to $5.174 billion, followed by BlackRock’s IBIT at $1.997 billion, and Fidelity’s FBTC at $1.479 billion, cumulating to an aggregate trading volume of approximately $9.771 billion. Update on…
Amidst the lull in the realm of Bitcoin, Ethereum emerges as a trailblazer, confidently charting its course. While the crypto king takes a breather following its ETF approval, Ethereum, undeterred, is experiencing a surge in both price and dominance, propelled by an influx of new users and the prevailing trend of self-custody. Recent data from Santiment vividly illustrates Ethereum’s ascendancy. The platform’s price dominance, reflecting its market share in comparison to all other cryptocurrencies, has witnessed a remarkable surge of 22.4% within a mere week. Ethereum’s Remarkable Surge: Growing Community, Strong On-Chain This surge is not merely a passive spectacle;…
Coinbase, the largest cryptocurrency exchange in the United States, is presently serving as the custodian of the majority of the Spot Bitcoin ETFs managed by various asset management companies in the industry. This notable concentration is raising worries in the crypto community about significant centralization and potential risks associated with the custodianship. Coinbase Dominate ETFs As Major Custodian Coinbase’s significant role in the advancement of Spot Bitcoin ETFs has become a target of scrutiny in the crypto community. The American crypto exchange is currently the custodian of 9 out of 11 Spot Bitcoin ETF companies, including BlackRock, Grayscale, Ark/21 Shares,…
Amidst a volatile crypto market, Ethereum (ETH) is gaining momentum, outperforming its long-time rival Bitcoin (BTC). According to Kaiko data, the ETH/BTC ratio has steadily risen, rebounding from multi-year lows. ETHBTC ratio trend | Source: Kaiko on X ETH/BTC Ratio Rising, ETH Momentum Building The ETH/BTC ratio technically gauges market sentiment towards these two leading crypto. The recent rebound indicates investors are increasingly bullish on Ethereum’s potential relative to Bitcoin. This upward trajectory is fueled by growing optimism surrounding the potential approval of spot Ethereum ETFs and the general confidence that markets will trend higher in 2024. The prospect of this…
Following last week’s launch of 11 spot Bitcoin exchange Traded-Funds (ETFs) in the United States, Matt Hougan, Chief Investment Officer (CIO) at Bitwise, has offered a compelling perspective on the potential impact of these ETFs on the Bitcoin market. His remarks come at a critical juncture, with the next Bitcoin halving event anticipated in mid-April 2024. Spot ETFs Could Have Impact Like 1.4 Bitcoin Halvings Hougan draws a parallel between the impact of Bitcoin ETFs and the Bitcoin halving events. He states, “Crypto natives have a good mental model for the impact of Bitcoin ETFs on the market: The halving.”…
There may finally be light at the end of the tunnel for the Bitcoin price as selling has begun to subside for the cryptocurrency. So far, it seems that the large holders have been the main driving force behind the price decline, which could explain why the rally has been suppressed for so long. However, as these large investors start to scale back their selling, the Bitcoin price could be looking at another recovery. Bitcoin Whales Stop Selling Old BTC According to a report posted by Santiment, the reason for the suppressed Bitcoin price over the last week could be…
Animalia recently announced its migration to the Arbitrum Chain. The announcement was made on the official X/Twitter account of Animalia. According to the tweet, Animalia is taking a huge step to integrate the Abritrum Chain. The migration is expected to bring more improvements to the Animalia ecosystem. The collaboration will establish an enjoyable and more intuitive experience for the Animalia community. Besides this, the string of tweets also informed users about the migration details. The migration of the ARB chain will include Animalia’s gaming ecosystem. This ecosystem is related to Card NFTs, GA, PHL tokens, Workshop System, Pebbles, and Card…
The price of Bitcoin appears to be experiencing a bearish moment in the past few days now despite the approval of multiple Bitcoin Spot Exchange-Traded Funds (ETFs), which has raised speculations about the token’s future. Bitcoin Could See Further Collapse Bitcoinhyper, a cryptocurrency analyst, has offered his insights on the current state of Bitcoin. The analyst unveiled his predictions to the community during one of his YouTube videos. According to him, BTC is currently undergoing a decline, which could potentially lead to a further collapse in price. In the beginning, Bitcoinhyper noted an upswing in the price of Bitcoin to…