Author: NBTC
After a brief dip below the $60,000 mark on October 10, Bitcoin (BTC) has regained momentum, inching closer to its all-time high (ATH) of $73,700, reached in March of this year. This price recovery follows considerable volatility experienced by the largest cryptocurrency on the market throughout the year, with significant price swings, including sharp falls of almost 20% on 5 August and 6 September. Despite these setbacks, indicators suggest that the bull run that investors have been anticipating for the last quarter of the year may still be on the horizon. Crypto analyst Ali Martinez recently highlighted BTC’s recovery just…
The increased size of leveraged MicroStrategy (MSTR) exchange-traded funds (ETFs) and the flows they attract are having a more pronounced effect on the company’s stock and crypto markets than before, JPMorgan (JPM) said in a research report on Wednesday. These ETFs played a significant role in amplifying the stock’s near-60% rise in November, the bank said. November saw a record of almost $11 billion flow into U.S. spot bitcoin (BTC), spot ether (ETH) and leveraged MicroStrategy ETFs combined, the report said, with the leveraged MSTR ETFs accounting for $3.4 billion, or almost a third, of the total. “This highlights the…
Bitcoin prices rose sharply today, climbing to their loftiest value since late last month as a wide range of variables drove gains. The world’s most valuable cryptocurrency in terms of total market value rallied to almost $66,500, according to Coinbase data provided by TradingView. At this point, it had appreciated close to 6.4% in under 24 hours after falling to nearly $62,450.00. Several analysts commented on these developments, highlighting the factors that helped trigger this bullish activity. Joshua de Vos, research lead at CCData, for example, emphasized the key role played by political developments. “A key factor is the upcoming…
Jupiter surpassed Uniswap in daily trading volume, driven by a surge in memecoins and upcoming governance token airdrops. Aerodrome Finance became Base’s leading liquidity hub, achieving over 55% of token swaps and a remarkable annualized revenue of $192 million. Ethena Finance introduced a synthetic dollar, USDe, attracting interest alongside the governance token ENA, valued at a revenue multiple of 42x. Five standout tokens—JUP, AERO, ENA, LDO, and RAY—dominated the decentralized finance (DeFi) sector in the third quarter of 2024. These coins belong to some of the most innovative decentralized exchanges (DEXs) and protocols, contributing to significant growth in DeFi markets.…
Bitcoin shows a stochastic breakout pattern, indicating a potential rally ahead. Key technical indicators signal bullish momentum and increased investor excitement. Analysts predict possible new all-time highs if resistance levels are broken. Bitcoin (BTC) is once again printing a familiar pattern that has many investors excited— the Stochastic breakout. This chart pattern often signals that the price of an asset is nearing a pivotal moment. Previously, similar signals have sparked massive rallies, and current indicators point to a familiar setup. Many are drawing comparisons to 2021, when Bitcoin surged to new highs. If all factors remain constant, Bitcoin could soon…
Ripple’s XRP has gained attention due to increased whale activity recently. More than 35,000 wallets made transfers, indicating growing investor interest. Ripple’s ethical fight may shape the future of XRP in the trade. Ripple’s XRP has seen a big rise in whale activity. This indicates growing investor interest as it faces legal challenges from the U.S. Securities and Exchange Commission . Currently, XRP trades around $0.547 and shows a recovery of about 2% over the past week. The increase in whale activity includes over 35,700 unique wallets making transfers in a single day. This surge suggests that investors are strategically…
BTC’s “three-line break chart” suggests a bullish resolution of the seven-month-long corrective trend and scope for a move to record highs. Candlesticks indicate stiff resistance at around $70,000. Traders fixated on bitcoin’s (BTC) daily candlesticks chart may be bored, as despite Monday’s rally, prices remain locked in a seven-month-long descending channel. However, a lesser-tracked “three-line break chart” now suggests a bullish outlook favoring a move to record highs. The leading cryptocurrency by market value rose over 5% to $66,000, registering its biggest single-day gain since Aug. 23, according to CoinDesk Indices data. Still, the daily candlesticks chart suggests a neutral…
Gala has taken significant strides by announcing its new decentralized network, GalaChain, which aims to enhance token value amidst the competitive altcoin landscape. The development comes as various cryptocurrencies are establishing their networks to facilitate reduced transaction fees and strengthen community engagement. GalaChain’s launch signifies a pivotal move for the platform. Contents hide 1 What is GalaChain’s Purpose? 2 How Will GalaChain Improve Security? What is GalaChain’s Purpose? GalaChain, in partnership with LF Decentralized Trust, has introduced a whitepaper detailing its decentralization plans. The network focuses on improving security, scalability, and flexibility, setting forth a structured roadmap that unfolds in…
Axie Infinity’s Adoption Center simplifies onboarding for new players, providing delegated Axies and mission-based rewards. Players can complete missions to earn points and permanently adopt Axies, enhancing their connection to the Lunacia ecosystem. Axie Infinity has launched the Axie Adoption Center, an initiative aimed at making onboarding easier for new players. This new function seeks to remove obstacles for people wanting to join but unclear of where to start as the platform keeps extending its digital nation. By streamlining the procedure, users of the Axie Adoption Center can link their Ronin Wallet, answer a few questions, and receive assigned Axies…
China’s unclear fiscal stimulus measures have fueled a surge in bitcoin, pushing the cryptocurrency to a two-week high and sparking speculation that investors may shift to cryptocurrencies over Chinese equities. The uncertainty surrounding the scale of China’s economic efforts has prompted capital rotation into alternative assets like BTC. Adding to the momentum, rising odds for a pro-crypto U.S. presidential candidate and a delay in Mt. Gox repayments have strengthened market sentiment. Bitcoin Surges Amid China’s Stimulus and US Presidential Speculation Bitcoin surged to its highest level in two weeks following mixed reactions to China’s latest stimulus efforts, fueling speculation that…