Author: NBTC
Bitcoin (BTC) enthusiasts are keeping a close eye on the latest market trends, and the recent insights from Glassnode’s co-founders, Jan Happel and Yann Allemann, have stirred up a new wave of excitement. The duo, known by their Negentropic handle on the social media platform X, have shared some compelling perspectives that shed light on the current dynamics of the BTC market. Bitcoin’s market demand has outpaced its supply, a clear sign of robust positive momentum. In just one day, a whopping 700,000 new BTC addresses joined the network. This expansion is considered one of the most reliable indicators for…
The argument for the Bitcoin price to reach above $200,000 has been going on for a few years now with a number of crypto pundits maintaining their stance. This has not changed, especially with the most recent prediction from one crypto analyst who puts the BTC price above $200,000. But what’s most interesting is the timeframe in which this analyst expects the leading crypto to reach this level. Halving To Trigger Parabolic Rally Crypto analyst TradingShot posted another eye-catching prediction on the TradingView website, putting the Bitcoin price as high as $200,000. The analysis focuses on the Bitcoin Vortex bullish…
The Ethereum network has usually been criticized for the number of failed transactions that occur on it and how it leads to users losing their money as a result of this. This onslaught was recently renewed after a figure in the crypto community showed the staggering amount that has been lost from failed transactions. ETH Users Lose Over 100,000 To Failed Transactions In a post on his X (formerly Twitter) platform, the Marketing and Communications Director of Blockstream, Fernando Nikolić, shared a screenshot that showed that Ethereum users had lost over $100,000 due to failed transactions. Interestingly, the $100,000 value…
In a series of insightful observations, Adam Cochran, a renowned expert in the field of cryptocurrency and founder of Cinneamhain Ventures, recently shared his analysis on the relationship between Bitcoin price movements and US Treasury auctions. Cochran’s comments, primarily disseminated viaX (formerly known as Twitter), offer a unique perspective on an emerging trend in the market, particularly in relation to traditional financial instruments. Bitcoin Price Rises After Each Treasury Auction Cochran notes a distinct pattern: “Some big market maker seems to really care about real rates vs Bitcoin (I guess in anticipation of ETF buyers?). Every time you get a…
Metaverse NFTs have been swiftly establishing their position within the digital world. In our exploration of this phenomenon, we intention to spotlight their implications throughout new digital worlds – from digital asset possession, commerce and monetization to interoperability and neighborhood creation and even the rising subject of digital actual property. Emergence of NFTs and the Metaverse NFTs have erupted onto the digital panorama, with the potential to rework our perceptions of the worth of digital belongings. Briefly outlined, NFTs are distinctive tokens on a blockchain, every representing possession of particular person objects or items of content material. In contrast to…
In a striking dual analysis, the financial charts paint contrasting futures for the US Dollar Index (DXY) and Bitcoin (BTC). Gert van Lagen, a technical analyst, has provided a bearish prognosis for the DXY, while simultaneously highlighting a bullish setup for Bitcoin that could see it aiming for a $46,000 target. DXY Receives Kiss Of Death The DXY has been in an upward trend since July, as shown by the blue ascending trend line on the daily chart. However, this line was broken to the downside on October 9, indicating a change in market sentiment. Van Lagen explains, “Blue uptrend…
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has exhibited a promising technical development, igniting optimism within the crypto community. The formation of a bullish flag pattern within the daily timeframe has captured the attention of analysts and traders, hinting at potential positive movements in the near future. A bullish flag pattern is a common technical analysis formation in financial markets, frequently visible on price charts. It involves an upward price surge (the flagpole) succeeded by a consolidation or sideways movement (the flag) within a downward or sideways channel. Typically identified within the daily timeframe, it signals recent upward movement…
Ark Invest CEO Cathie Wood was a guest on Merryn Somerset Webb’s show ‘Merryn Talks Money’, where she discussed the macro environment and the recent happenings in the financial world. What will mainly interest the crypto community is what she had to say about the flagship cryptocurrency, Bitcoin. “Bitcoin Hands Down” When quizzed by Merryn about which she would prefer to hold for 10 years between gold, cash, and Bitcoin, Wood replied by saying, “Bitcoin hands down.” She noted that while Bitcoin and Gold both have hedging functionalities, the latter already had its time, unlike Bitcoin, which she labeled as…
The U.S. Safety and Alternate Fee (SEC) is dealing with challenges in recruiting cryptocurrency consultants, an issue partly attributed to its personal insurance policies, as highlighted in a latest company doc. That doc, printed in October and modified Nov. 2, is titled The Inspector Common’s Assertion on the SEC’s Administration and Efficiency Challenges. It signifies that the company is having difficulties hiring specialists within the space of crypto property. Officers inside the SEC report that there’s a small candidate pool and powerful competitors from the non-public sector, limiting the company’s means to rent crypto consultants. The SEC’s personal insurance policies,…
The adoption of Ethereum layer-2s is on the rise if Token Terminal data shared on November 6 is anything to go by. According to statistics from the blockchain analytics platform shared by Erik Smith, the Chief Investment Officer (CIO) of 401 Financial, the average active addresses over the past three months has exceeded 10 million, a nearly 2X expansion from early 2023. Related Reading: Can The ADA Price Climb Above $20 In The Bull Market? Analyst Provides Answers Ethereum Layer-2s Finding More Adoption Looking at the chart, Polygon, an Ethereum sidechain, remains the most popular. At the same time, Arbitrum and OP…