Author: NBTC
Bitcoin had the most volatile weekend in a year as Bitcoin slipped as low as $64,550 after reaching a new all-time high of $72.760 on Thursday, March 14. As of press time, Bitcoin has recovered to trade around $68,300. However, several price swings of between 3% – 7% have been prevalent throughout the weekend. Bitcoin has seen fairly stable weekend trading since the launch of the Bitcoin ETFs in the US earlier this year, with the majority of the volatility occurring early in the week during US trading hours. However, further analysis of weekend periods throughout 2023 reveals that flat…
Nearly 25 million of locked-up APT tokens will be released Friday including to early investors, TokenUnlocks data shows. Prices historically decline around such events as the supply increase outpaces investor demand for the asset, according to research. The native cryptocurrency of layer-1 blockchain Aptos (APT) underperformed the crypto market ahead of an almost $300 million supply event due this week that will increase the number of circulating tokens. APT declined more than 16% over the past week while major crypto assets bitcoin (BTC) and ether (ETH) gained 3% and 5%, respectively. It was the second-worst performing constituent of the broad-market…
According to the founders of Glassnode, the Bitcoin to gold ratio, which currently stands at 34x, will skyrocket in the current bull cycle to hit a record 65x. Gold has been on an uptrend this year but couldn’t keep up with Bitcoin, which has surged to hit a new all-time high of over $73,600. Digital gold has been outperforming real gold for years, and according to two crypto experts, this disparity will only get bigger as Bitcoin targets new highs in the current bull market. Jan Happel and Yann Allemann, the founders of leading on-chain market intelligence platform Glasssnode, Bitcoin…
On Thursday morning, OJ Simpson’s family announced that the controversial former football star had died after a years-long battle with cancer. It was only a matter of minutes, then, before the inevitable: a flurry of themed, highly speculative meme coins capitalizing on the former NFL star and actor’s passing. Coins named “OJ Simpson,” “RIP OJ Simpson,” “Gently used leather gloves,” and even, yes, “Expired OJ,” shot off within minutes of the news breaking. The OJ-themed tokens quickly acquired millions of dollars worth of trading volume, with some skyrocketing in price—and most, of course, collapsing spectacularly within hours of launch. It’s…
Bitcoin price tested the $65,000 support zone. BTC is now rising and attempting a fresh increase above the $70,000 resistance zone in the near term. Bitcoin price is showing a few positive signs from the $65,000 zone. The price is trading below $70,000 and the 100 hourly Simple moving average. There was a break above a major bearish trend line with resistance at $67,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $70,000 resistance zone in the near term. Bitcoin Price Holds Support Bitcoin price started…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Defi offers exciting possibilities for investors, but beyond upfront gas fees, there are hidden costs that can significantly reduce potential returns. You might also like: Decentralized AI will create the next wave of Silicon Valley unicorns | Opinion While traditional payment processing firms like Visa and Mastercard offer fixed fees for merchants and consumers alike, blockchains powered by smart contracts operate differently. Across networks such as Ethereum and Solana—as well as other EVM-compatible platforms—transaction costs are dynamic.…
TON Foundation distributed 300,000 Toncoin to active meme coin traders. The Open Network project airdropped Toncoins (TON) worth around $2.19 million to the most active meme coin traders on DeDust and Ston.fi platforms. Meme coin traders who made transactions on DeDust and Ston.fi between March 4 and April 10 were eligible for the airdrop. Users also had to trade whitelisted meme coins on the network to amass points, a fast-rising reward system. 4/ Trading volume points breakdown:– <$2,700: 0 points– $2,700-$4,999: 1 point– $5,000-$9,999: 2 points– $10,000-$24,999: 3 points– >$24,999: 4 points — TON 💎 (@ton_blockchain) April 11, 2024 According…
“It’s officially Fed week, the week we’ve all been waiting for,” exclaimed macroeconomics outlet The Kobeissi Letter on March 17. The US Central Bank will make its highly anticipated announcement on March 20, which will set the tone for the US’s economic outlook going forward. Key Events This Week: 1. Housing Starts data – Tuesday 2. Fed Interest Rate Decision – Wednesday 3. Fed Press Conference – Wednesday 4. Philly Fed Manufacturing Index – Thursday 5. Existing Home Sales data – Thursday 6. Fed Chair Powell Speaks – Friday It’s officially Fed… — The Kobeissi Letter (@KobeissiLetter) March 17, 2024…
The latest stablecoin hype train is underway in the form of Ethena (USDe), and Bitwise President Teddy Fusaro is taking an interest. In an April 10 Twitter thread reviewing the protocol’s mechanics, Fusaro noted that USDe “may be the fastest-growing USD-denominated asset in the history of crypto.” Bitwise Examines Ethena (USDe) “USDe operates v similarly to an ETF,” he wrote. Bitwise itself owns many crypto funds, including a new and popular Bitcoin spot ETF, though it has no investments in Ethena. On Amtrak to Boston. Had a min to look at Ethena & USDe which may be the fastest-growing USD-denominated…
Bitcoin (BTC) is witnessing substantial profit-taking activities, particularly from its short-term holders. The digital currency, which is currently trading at $68,740.53, has shown remarkable resilience and growth over the past months. However, on-chain data and market analysis indicate a notable trend of profit-taking among investors who have held BTC for less than five months, according to CryptoQuant data. The Spent Output Profit Ratio (SOPR) has indicated a significant movement that parallels profit-taking trends observed during the peaks of past bull markets. Short-term investors capitalize on gains The analysis of the SOPR metric reveals that short-term BTC holders have been actively…