Author: NBTC

Bitcoin exchange-traded funds (ETFs) are seeing a fresh surge of interest. Figures shared by blockchain data firm Arkham Intelligence show that the American funds collectively added approximately $250 million worth of Bitcoin on Monday, the most added in a single day for more than a month. Following the jump, the price of Bitcoin itself touched over $61,000 per coin on Tuesday for the first time in September. Why the sudden spike of demand? First, the basics: ETFs are simply funds that hold an asset—in this case, Bitcoin—and allow investors to get exposure to it via shares that trade on a…

Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the possibility of Venezuela growing to become the top cryptocurrency market in Latam and the key elements that are holding it back from realizing its potential. Latam Insights Encore: Venezuela Has the Potential to Develop as a Regional Crypto Powerhouse Venezuela, one of the nations with the highest degree of cryptocurrency adoption, can become a true powerhouse for crypto mining and cryptocurrency trading. The latest Chainalysis report indicates that, even with all the problems the…

Several airdrops within the Telegram ecosystem are scheduled for October, providing participants the chance to engage with emerging projects without any upfront financial investment. September’s market performance exceeded expectations, overcoming typical seasonal challenges and setting a strong foundation for an even more promising October. Historically, Q4 has delivered positive returns, making this period ideal for airdrop enthusiasts to take advantage of launchpad opportunities and maximize their gains. MemeFi MemeFi is a Telegram-based game where users engage with meme-themed characters, such as PEPE and DOGE, to earn cryptocurrency and other virtual rewards. Each tap in the game deals damage to these…

Bitcoin rose to $61,280, driven by renewed interest in Bitcoin-linked products. Recent inflows of $186.7M into spot Bitcoin ETFs boosted market confidence and BTC. Anticipation of rate cuts at the FOMC meeting could push Bitcoin past $61,725 resistance. Bitcoin has been showing strong performance in the cryptocurrency market, leading to a market-wide surge. In the past 24 hours, the global crypto market capitalization has grown by 2.2%, reaching $2.08 trillion. Bitcoin itself saw a price jump, trading at $60,281, largely due to rising interest in Bitcoin-linked products, suggesting potential market stability. Spot Bitcoin ETF Inflows Drive Market A key factor…

Crypto investment products recorded inflows of $407 million, according to the latest report from CoinShares. As per the report, this influx of capital appears to be driven more by the upcoming US elections than traditional monetary policy factors. Bitcoin leads the pack in crypto inflows Bitcoin emerged as the primary beneficiary of this investment inflow, attracting $419 million in inflows. The report suggests that recent political shifts, particularly in the United States, have played a crucial role in driving these investments. Source: CoinShares Interestingly, the report highlights that stronger-than-expected economic data had little impact on stemming outflows. Instead, the latest…

Set to be a major development in Ripple’s ecosystem, the launch of Ripple USD (RLUSD), pegged to the U.S. dollar, was widely expected this year. Both XRP Ledger (XRPL) and Ethereum were originally planned as its launching platforms. However, recent news suggests potential changes, as RLUSD can only launch on Ethereum this year or, alternatively, on XRPL as well, but without initial functionality in the Automated Market Maker (AMM), restricted instead to the DEX orderbook. A key reason for this limitation comes from the clawback feature, which block the stablecoin from being utilized in XRPL’s AMM. There are amendments in…

Bitcoin price started another increase above the $58,500 resistance. BTC is back above $60,000 and again struggling to continue higher. Bitcoin is correcting gains from the $61,200 resistance zone. The price is trading above $59,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb again if it stays above the $59,400 support zone. Bitcoin Price Reclaims $60K Bitcoin price remained supported above the $57,500 level. BTC formed a base and started another increase above…

In a surprising turn of events in the crypto sector, an anonymous investor has made significant profits with an investment of just $1,331. As per Lookonchain, a well-known on-chain analytics firm, this investor made a massive amount of up to $9.5M just in sixteen days. The analytics provider announced this event on social media. Turned $1,331 into over $9.5M in only 16 days, a 7,140x return! #MOODENGThis guy spent 9.8 $SOL($1,331) to buy 38.7M $MOODENG on Sept 10 and sold 104K $MOODENG for 112 $SOL($17.9K)today, leaving 38.64M $MOODENG, worth more than $9.5M!https://t.co/gCR15Bjrcc pic.twitter.com/gaMG0BvKdB — Lookonchain (@lookonchain) September 27, 2024 Crypto…

A closely followed crypto strategist thinks that Bitcoin (BTC) is now raring to ignite the next phase of its bull market. Pseudonymous analyst Kaleo tells his 648,200 followers on the social media platform X that Bitcoin is now in a position to launch rallies that will last until the end of 2025. The trader shares an inverse Bitcoin chart suggesting that BTC will hit the trendline of his logarithmic growth curve by next year to soar to his massive price target of around $220,000. “Alright, I’m giving in. Be more [bullish].” Source: Kaleo/X Looking at the trader’s inverse chart, he…

Ripple is integrating XRP into oil trading and cross-border transactions with Saudi banks, opening up a $500 trillion market. The initiative will allow XRP holders to indirectly participate in oil purchases, creating a link between cryptocurrency and traditional commodities. CryptoTradingFund (CTF), which runs on both the XRP Ledger and the Polygon chain, offers a cashback system that rewards users with CTF tokens for crypto transactions, drawing attention for its passive income potential. With this collaboration, Ripple is not only entering the oil trading arena, but is also revolutionizing payment settlements using XRP. Saudi banks are now at the forefront of…