Author: NBTC
Bitcoin dominance, a metric that measures the cryptocurrency’s share of the market, has now approached 60%. It is now up by nearly 10% over the past month alone with no altcoin season in sight. The flagship cryptocurrency now boasts its biggest share of the market since April 2021. Back then, Bitcoin’s market share collapsed as much as 16.64% within a single month. In September 2022, Bitcoin’s dominance briefly collapsed below the 40% mark amid a grueling bear market to reach a local low of 38.84%. Bitcoin’s dominance is likely to climb higher Now, the crypto king is ruling the roost…
The Federal Reserve’s outlook on interest rates is up in the air as inflation keeps rolling strong. Later today, the Bureau of Labor Statistics (BLS) will release its latest consumer price index (CPI) numbers, and economists are bracing for a third straight month of solid inflation growth. They’re forecasting that the core CPI—an index that strips out volatile food and energy prices—will tick up by 0.3% for October. Meanwhile, the broader CPI is expected to climb by 0.2%. This comes right after a few interest rate cuts aimed at cooling things down. In September, the Fed made a half-point cut,…
DOGE’s increase is largely attributed to a renewed endorsement from Elon Musk linked to his proposal for a “Department of Government Efficiency” (D.O.G.E.). U.S.-listed spot bitcoin ETFs experienced net outflows, with significant withdrawals from major funds like Fidelity’s FBTC and Ark Invest’s ARKB, except for BlackRock’s IBIT which saw inflows. The crypto market’s reaction appears influenced by the narrowing lead of Donald Trump in election polls, traditionally seen as more favorable towards cryptocurrencies, some traders said. Dogecoin (DOGE) was the only major token in green ahead of the widely-watched U.S. elections, with some expecting a marketwide surge in the coming…
Bitcoin miner Greenidge Generation will continue operating in New York after prevailing in a legal case against the State’s Department of Environmental Conservation (DEC), according to a Nov. 14 statement. Judge Vincent Dinolfo of the New York Supreme Court determined that the DEC’s actions in denying Greenidge’s Title V Air Permit application were legally flawed and arbitrary. He also stated that the agency’s decision lacked a rational foundation under the Climate Leadership and Community Protection Act (CLCPA) Section 7(2), criticizing its interpretation of the law. The conflict began in August when Greenidge filed a lawsuit against the DEC after the…
Binance broke above 240M registered users after the latest record crypto boom. Toward the end of 2024, Binance remained the top exchange both in terms of visits and liquidity. Binance carried the boom of 2024, expanding both its volumes and user base. Richard Teng, CEO of Binance, announced the milestone, underscoring the size of the crypto market. https://x.com/_RichardTeng/status/1857395323016032644 Binance remains a full KYC exchange, though in the past it has been accused of hosting bot accounts or spoofed identities. However, the recent user growth is corroborated by online trends, where Binance’s app and website also grow in popularity. Binance also…
In anticipation of the potential next major breakout Bitcoin is steadily rising toward the $72,000 mark. After successfully breaking through the upper limit of its prior declining channel Bitcoin has maintained its position above this level, which is encouraging and may signal additional upward momentum. By holding support above the upper limit of the long-standing descending price channel that characterized a large portion of its recent movement Bitcoin has demonstrated its resilience in the current price action. This move above earlier resistance might now serve as a level of support possibly creating the framework for an ongoing upward trend. If…
Malka Meyer, a director at Robinhood Markets, Inc. (NASDAQ: HOOD), recently sold a substantial portion of his holdings, as disclosed in a filing with the U.S. Securities and Exchange Commission (SEC). On November 6, 2024, Meyer offloaded a total of 321,218 shares of Robinhood’s Class A Common Stock at an average price of $30.0054, generating approximately $9.64 million in proceeds. The following day, on November 7, he sold an additional 105,875 shares at an average price of $30.0031, bringing in around $3.18 million. The largest transaction occurred on November 8, when Meyer sold 2,791,306 shares at an average price of…
VeChain’s recent financial report highlights treasury holdings reaching $287.9 million by Q3 2024. Key investments include ecosystem development, regulatory compliance, and global marketing. In alignment with its mission of transparency, VeChain has published a detailed financial report combining data from the second and third quarters of 2024. Since the launch of its public blockchain in the year 2017, VeChain has been providing its global community with quarterly reports, thereby building credibility. According to the latest report, VeChain has a total treasury value of $304.9 million at the end of Q2 2024, which is adjusted to $287.9 million at the end…
Changpeng Zhao, the former CEO of Binance, posted a cryptic message on his X page, “Be on the right side of history.” The statement echoed a post from 2022 in which Zhao described cryptocurrency as a better form of money benefiting billions globally. Source: Twitter In his post from 2022, Zhao advised his X community members not to be on the wrong side of history, stating that it would not be a good legacy. Although Zhao’s latest message did not pinpoint anything specific, market observers stated that he was referring to the U.S. Securities and Exchange Commission (SEC), considering the…
Meme coins have captured market interest once again as exchanges like Coinbase announce new listings. This trend of profitability during bullish market phases for meme coins continues, with excitement emerging around the introduction of additional tokens like PEPE and WIF. Contents hide 1 What is the Latest Listing on Coinbase? 2 How Might Market Trends Affect FLOKI? What is the Latest Listing on Coinbase? Following the recent updates regarding WIF and PEPE, Coinbase has now signaled the upcoming addition of FLOKI INU to its listing road map. While still in the formal stages, this development hints that FLOKI could be…