Author: NBTC
The Bitcoin (BTC) price is on the ropes once again, struggling to gain enough bullish momentum. Earlier this Thursday, the largest cryptocurrency slipped below the $65,000 level on major spot exchanges, according to data provided by CoinGecko. Over the past four hours alone, more than $37 million worth of long positions have been liquidated, CoinGlass sta shows. However, short positions are still in the lead by liquidations over the past 24 hours, nearing $120 million. A short-lived bounce On Wednesday, Bitcoin bulls gathered enough strength to convincingly push the price of the largest cryptocurrency above the $67,000 level following dovish…
Coreum has now launched its XRP Ledger (XRPL) bridge, allowing network participants to move XRP from the XRPL to Coreum, the Cosmos ecosystem, and other supported EVM-compatible chains. Reza Bashash, the co-founder of Coreum and Sologenic, first spotlighted this functionality in a recent post on X. Bashash shared a snapshot of the XRP dashboard on the official Coreum explorer, showing that the Coreum network is now home to 1.2 XRP tokens. 👀 pic.twitter.com/VPCBDAko5w — Reza Bashash (@rezabashash) March 12, 2024 Coreum has been hinting at the imminent release of its comprehensive XRPL bridge since last year amid the success of…
Famous cryptocurrency analyst Rekt Capital recently presented a comprehensive analysis predicting the peak of the current Bitcoin bull market. According to the analyst, Bitcoin historically reaches its bull market peak 266 to 315 days after surpassing the previous all-time high. With Bitcoin hitting an all-time high just last week, the analyst predicts that the next bull market peak will occur in late November 2024 or late January 2025. However, according to Rekt Capital, this cycle may accelerate. Interestingly, the number of days Bitcoin spends beyond all-time highs appears to be increasing. In 2013, Bitcoin rallied for 268 days before reaching…
XRP’s recent price gain has sparked renewed optimism about the asset, with industry commentators like Martin Hiesboeck of Uphold Exchange seeing an ETF impacting XRP’s price even more. XRP Shocking Price Gains On Monday, XRP experienced a significant surge, breaking through multiple resistance levels as it rallied 20.5% from $0.6177 to reach a new yearly peak above $0.7440. This notable gain emerged amid growing apprehension from the XRP Army about XRP’s sub-par performance in the emerging bull season. As a result, the recent turnaround has attracted significant attention from the crypto community. Leading crypto figures who have commented on XRP’s…
Argentina’s top financial regulator says that it wants to “work together” with the nation’s crypto industry as it steps up its control over the sector. In an official government release, the National Securities Commission of Argentina (CNV) called its new registry of crypto exchanges and service providers “simple.” It also claimed the registry does away with “formalities and absurdities.” Argentina Regulator: Trying to Placate Crypto Sector? Argentina’s rate of crypto adoption has accelerated in recent years in response to rampant inflation. Previous governments have attempted to cap foreign currency buying. This has driven many people in the nation to stablecoins…
Binance, one of the leading cryptocurrency exchanges, is preparing to introduce Saga (SAGA) on the Launchpool platform and offers users the opportunity to participate in token farming by staking BNB and FDUSD. Binance Launches Saga (SAGA) on Launchpool The launch of Saga (SAGA) will be the 51st project to be hosted on Binance Launchpool and demonstrates the platform’s commitment to driving innovation in the cryptocurrency ecosystem. Users can expect Saga (SAGA) trading to begin at 17:00 on April 9, 2024, with Binance being the first platform to list the token. Excited about the addition of Saga (SAGA), Binance announced that…
After capitulating on March 19, Bitcoin recovered on March 20. However, while the crypto community expects more rapid gains, even above the all-time highs of around $73,800, Willy Woo, an on-chain analyst, thinks the coin will likely consolidate in the days ahead. SOPR Peaked At An Unusually High Level: Profit-Taking? Taking to X, Woo listed several on-chain metrics, some of which, while supporting prices, are countered by others that might slow down the uptrend. At the top of the list, the analyst notes how the Spent Output Profit Ratio (SOPR) reading is printed out. Related Reading: Leading The Pack: Solana…
Since the beginning of the year, PENDLE has surged by 502% to new all-time highs. This is indicative of its substantial growth amidst an increasing protocol activity. What Is Driving PENDLE’s Growth? Pendle Finance, an Ethereum-based yield trading protocol, employs a unique approach to yield farming by dividing assets into Principal Tokens and Yield Tokens. This framework enables users to trade tokens while earning yields as high as 47% on the underlying assets. Despite its inception in 2021, Pendle has recently witnessed a surge in adoption. This uptick can be attributed to heightened Ethereum liquid restaking activity and airdrops from…
MUMBAI, April 5 (Reuters) – The Reserve Bank of India (RBI) plans to use non-bank payment system operators, including third-party payment app providers, to make the e-rupee more accessible to retail users, it said on Friday. The RBI piloted its central bank digital currency (CBDC) in 2023 but only allowed banks to offer these tokens, which led to subdued transaction volumes. It has now proposed that non-bank payment system operators, which include third-party payment app providers like PhonePe, Google Pay and Paytm, offer the e-rupee through CBDC wallets. “This is expected to enhance access and expand choices available to users…
Cardano, a major blockchain platform noted for its scientific rigor and peer-reviewed research, currently sees its ADA coin ranked as the eighth largest by market cap, according to CoinMarketCap. Amid significant excitement surrounding its latest updates aimed at enhancing network performance, scalability and interoperability, Cardano (ADA) cryptocurrency has all the chances to solidify its dominance in the blockchain industry. These advancements are expected to have a considerable impact on the broader landscape of digital currencies and decentralized applications, emphasizing Cardano’s (ADA) ongoing significance in the sector. Alongside Bitcoin breaking all-time highs twice in a single week, Cardano’s price has also…