Author: NBTC
Bitcoin ended the previous week at $40,210. Moving above the $40k mark was inevitable. What comes as a surprise is that it has recovered pretty quickly from the crypto winter. Another aspect contributing to the leading cryptocurrency’s growth is anticipation about the Spot Bitcoin ETF. BlackRock is upbeat, and the SEC isn’t pushing forward with its case against Grayscale Investment. Plus, many firms have come forward with their respective Spot Bitcoin ETF applications. Experts expect the SEC to line up all of the Spot Bitcoin ETF applications for a single approval. Simply put, BTC has built the momentum, and the…
In a remarkable surge, Bitcoin’s price has soared past the $41,500 mark, fueled by a confluence of factors ranging from market anticipation of a Bitcoin spot ETF to broader financial trends. Here’s a detailed analysis of the key reasons behind this rally: #1 Spot Bitcoin ETF: The Anticipation Game The buzz around the approval of a spot Bitcoin ETF remains probably the most significant driver of the recent price surge. Although there hasn’t been a specific update, the market anticipation is palpable, with a FOMO effect kicking in. Last week, Bloomberg analyst James Seyffart suggested that a spot ETF is…
Hong Kong’s monetary regulators have determined to retain the grace interval for crypto companies regardless of town grappling with main fraud scandals involving crypto alternate platforms JPEX and Hounax in latest weeks, native media reported on Nov. 27. The grace interval permits crypto companies to proceed working in Hong Kong with no license till June 2024 as a way to permit ample time to adjust to new regulatory requirements launched earlier this yr. Regardless of the latest scams, the Securities and Futures Fee (SFC) believes that abrupt modifications to the grace interval might be counterproductive, doubtlessly destabilizing the burgeoning digital…
The Bitcoin future price trajectory has been the talk for many months, as many analysts expect the next surge anytime soon. According to crypto analyst Mags, the cryptocurrency’s past history around its halvings gives a timeline on when to expect the next Bitcoin price milestone. Mags made this known in a social media post on X, detailing how Bitcoin surged between 234 and 216 days after the past two halvings to reach new all-time highs. Crypto Analyst’s Prediction Model Based On Past Halvings Crypto analysts have developed different models in the past year to predict when Bitcoin may reach new…
Despite Bitcoin being up over 100% year-to-date (YTD), a recent report shows that this hasn’t necessarily translated to profits for the network’s miners. Instead, these miners seem to be experiencing a downturn in their revenue even as the Bitcoin Halving looms. Bitcoin Miners’ Revenue Down By Over 30% According to a report by BanklessTimes, the revenue of these miners is down by over 30% in the past six months. Interestingly, these miners had their most profitable month when Bitcoin’s price was just picking up at the beginning of the year. Their revenue soared to as high as $918.8 million in…
In the last week, Bitcoin has garnered much attention, gaining 2.58 % in seven days, according to data from CoinMarketCap. During this time, the premier cryptocurrency has moved from trading around $37,800 to almost breaching the $39,000 price mark. Following this positive price movement, Bitcoin has recorded some impressive metrics, which could bolster investors’ interest in the coming weeks. Bitcoin Experiences Highest Profitability Level In Two Years Via a Friday post on X, blockchain analytics firm IntoTheBlock reported that 81.35% of all Bitcoin holders are currently in profit. This marks the highest profitability level experienced by BTC investors since December…
Maintaining its lofty position—the highest it has reached in the last 18 months—Bitcoin is once again on the edge of a potential price increase. With a notable 10% gain over the previous month and more than a doubling of its value over the same period last year, the markets valued Bitcoin (BTC) at over $38,600 on Friday morning. The alpha coin’s supporters credit its strong success thus far to the excitement around spot Bitcoin ETFs, like the one put up by BlackRock, which might be approved at any time. During European morning hours on Friday, Bitcoin almost reached the coveted…
A crypto analyst has singled out an event that could be the spark that Ethereum needs to hit the price level of $3,500. He believes that the second-largest cryptocurrency by market cap is going to make this run after Bitcoin “gets its shine.” How Ethereum Will Hit $3,500 In a post shared on his X (formerly Twitter) platform, the CEO and founder of MN Trading, Michaël van de Poppe, alluded to the Ethereum Spot ETF filing by Fidelity in his price prediction of $3,500. The crypto analyst seemed to be suggesting that approval of an Ethereum Spot ETF could propel…
Roblox gamers can now expertise KINGSHIP, a novel metaverse supergroup fashioned by Bored-and-Mutant Ape NFTs, managed underneath the 10:22PM label, a Web3 division of Common Music Group. The group has introduced the launch of KINGSHIP Islands, an attractive Roblox expertise the place gamers embark on a quest and get the chance to unlock free in-game objects and avatar emotes. A Quest within the KINGSHIP Islands KINGSHIP Islands goals to unite the 4 band members in a vacation spot named the “Floating Villa.” Gamers can earn reward equipment and emotes for his or her avatars by finishing the hunt. For these…
Ethereum (ETH), the world’s second-largest cryptocurrency, is demonstrating robust momentum as its price stages a resurgence, reclaiming levels above $2,000. This bullish trend gains traction concurrently with significant developments in the US Securities and Exchange Commission (SEC). The regulatory authority is engaging in discussions regarding the potential approval of a spot Ethereum Exchange-Traded Fund (ETF). This pivotal development has injected optimism into the Ethereum market, as the prospect of an ETF introduces new possibilities for mainstream adoption and investment, further fueling the current upward trajectory of Ether’s value. Ethereum’s Ascending Triangle: Bullish Breakout Potential Over the course of several months,…