Author: NBTC

Bitcoin (BTC) is nearing breaking the downtrend pressing its price down over June, according to the trader identified as Rekt Capital. Moreover, in a video published today, he shared that the current price level might be the last buying bargain before a parabolic upward movement. Usually, the retraces reach 22% on average, indicating a local bottom. In an X post, Rekt Capital pointed out that the current pullback is “very, very close” to the 22% average. Notably, this means that a bottom is practically formed, and it is a position from where Bitcoin could rise. Rekt Capital then adds that…

The cryptocurrency community displayed optimism when Donald Trump selected Sen. J.D Vance as the US vice presidential nominee. Both Trump and Vance continue to position themselves as cryptocurrency-friendly candidates in the upcoming US general elections. The digital assets sector has showcased stability amid the ex-president’s election campaign. In fact, Trump’s campaign continues to receive millions in crypto donations. And guess what? Amid the ongoing optimism and Bitcoin reclaiming $65K, the Avalanche (AVAX) community has even more bullish news. Crypto analyst RamenPanda has revealed that Trump’s running mate holds AVAX worth over $70.47 million, making him the fifth largest Avalanche holder.…

The world’s largest cryptocurrency exchange, Binance, has hinted at something big by adding Hamster Kombat ($HMSTR) to its platform. This news has thrilled the crypto community, sparking curiosity and enthusiasm among traders and investors. The Hamster Kombat community has been eagerly waiting for the airdrop and exchange listing. Listing on Binance After its recent listing on CoinMarketCap, Hamster Kombat has now appeared on Binance. This makes it easier for traders to access and trade the token once it’s launched. Binance’s move shows its commitment to offering a wide range of tokens to its users and strengthens its position as a…

A closely followed crypto analyst is warning that Bitcoin (BTC) could suffer a massive correction as it trades in the lower $60,000 range. In a new video update, crypto strategist Benjamin Cowen tells his 802,000 YouTube subscribers that Bitcoin could return to the $50,000 range on the weekly chart amid a possible “summer lull.” Cowen believes Bitcoin may repeat a similar 2021 pattern when there was a sell-off in late April, a weeks-long rally starting in May, and then a downward trend in the summer months. “You could certainly have a deeper pullback as well, back into the $50,000s. I…

As of July, interest rates have been at their highest level in 23 years for exactly one year. While many people are speculating about possible changes, a rate cut seems unlikely today. But market analysts are hopeful of hints of future reductions, possibly in September. FED will announce interest rates at 21:00 today. Analysts largely expect the benchmark interest rate to remain unchanged. Following the announcement, Fed Chairman Jerome Powell will hold a press conference at 21:30 and his statements will be closely analyzed for indicators of the Fed’s future actions. Powell is expected to discuss the Federal Open Market…

Bitcoin and crypto are quickly becoming a campaign issue in the 2024 election. And so we now find ourselves at a critical juncture where bitcoin could either become a bipartisan issue or fall victim to the pitfalls of hyper-politicization. Writing about the politics of bitcoin, I think it is only fair to identify myself as a progressive, though I have worked for both President Clinton at his Foundation’s Islands Energy Program and President Trump at the US Department of Energy. Through my work, I’ve come to understand that bitcoin has intrinsic value for everyone, regardless of political affiliation. Today, however,…

The Fed held policy steady, as expected, but the policy statement was more hawkish than most anticipated. Still ahead is Chair Jerome Powell’s press conference at which he may give a better idea of the bank’s plans with respect to a September rate cut. As expected, the U.S. Federal Reserve left its benchmark fed funds rate range unchanged at 5.25%-5.50%. Maybe somewhat surprisingly though, the Fed gave little indication that a September rate cut is guaranteed. “Inflation has eased over the past year but remains somewhat elevated,” said the central bank in its policy statement. “The economic outlook is uncertain,…

Every dog has its day. But now it’s the cats’ time to shine. Over the past seven days, cat-themed tokens are the biggest gainers among the major crypto categories as defined by CoinGecko. Climbing 40% during the span, cat-themed coins have outperformed dog and frog meme coins, as well as more serious categories like layer-1 blockchain coins and DeFi protocols.Leading the charge is Keyboard Cat (KEYCAT) on Ethereum layer-2 network Base, which is up 96%, while Solana’s Michi (MICHI) similarly soared 93.6%. Alongside them, Kitten Haimer (KHAI) leaped 59%, Popcat (POPCAT) jumped 56%, Shark Cat (SC) climbed 51%, and MOG…

On-chain data shows the Bitcoin transfer volume of retail investors has seen a sharp decline recently, a sign that this group may be losing interest. Bitcoin Volume For Retail-Sized Transactions Has Plunged Recently As explained by CrypoQuant author Axel Adler Jr in a new post on X, the total BTC transfer volume for transactions valued between $1,000 and $10,000 has gone down recently. The “transfer volume” here refers to the total amount of Bitcoin (in USD) that addresses on the network are moving around daily. This metric isn’t confused with the “trading volume,” which typically keeps track of only the…

At 21:00, the FED left interest rates constant, as expected. Now, FED President Jerome Powell is holding a press conference. Here are the most important excerpts from Powell’s statement: We have made significant progress on both goals in the last 2 years. We are determined to return inflation to the 2% target. We maintain our restrictive stance. The pace of spending has slowed but remains robust. Latest indicators show that the economy continues to expand at a solid pace. Long-term inflation expectations appear well-anchored. We need more confidence about inflation. Second quarter inflation data increased our confidence. More good data…