Author: NBTC
Bitcoin’s price was heading south for several consecutive days, culminating in a price dump below $61,000 yesterday amid fears of what the US central bank will announce in regards to its monetary policy. However, the asset went on a roll yesterday after the Federal Reserve outlined no significant changes. The rest of the market followed suit. CryptoPotato reported yesterday morning’s price declines, which drove BTC to its lowest price tag in over two weeks of under $61,000. This transpired amid the ongoing profit-taking by a certain cohort of investors, such as miners, the significant spot Bitcoin ETF outflows, and the…
The petition to have Grayscale Investments launch an ETF product for Shiba Inu (SHIB) is gaining momentum. In just weeks, the proposal has received 5,761 signatures. The Shiba Inu community has continued to show resilience in its quest to have a top asset manager like Grayscale Investments launch an ETF product for SHIB. Shiba Inu ETF Petition Gains Momentum Recall that the community raised a petition directed at Grayscale in February, urging the asset manager to launch an ETF specifically for Shiba Inu. The petition titled “Proposal for a Shiba Inu (SHIB) ETF by Grayscale Investments” was introduced on February…
Timing can be crucial when it comes to investing in cryptocurrencies like Bitcoin (BTC). Many investors wonder if there is a best day to buy Bitcoin to maximize their returns. In this article, we will explore various factors that can influence when to buy Bitcoin and provide insights to help you make informed decisions. Is Bitcoin considered volatile? BTC is notorious for its price volatility. Unlike traditional assets such as stocks or bonds, BTC’s price can fluctuate significantly within a short period. This volatility is driven by various factors, including market demand, regulatory developments, investor sentiment, and macroeconomic trends. Due…
FLOKI joins DWF Labs Liquid Markets, enabling institutional OTC trading. FlokiFi Locker achieves a TVL ATH of $148.8M, surpassing top memecoins. FLOKI retains position as the 11th most traded cryptocurrency globally. In a significant development, FLOKI has now been integrated into DWF Labs Liquid Markets, opening doors for institutional players to engage in large-scale over-the-counter (OTC) trading of FLOKI. #FLOKI is now live on DWF Labs Liquid Markets!This allows institutional players to trade $FLOKI with size via OTC and strategically positions FLOKI to capitalize on the strong institutional interest it has been experiencing lately.One step at a time, Floki draws…
Cryptocurrency analyst Kevin Svenson is saying that Bitcoin (BTC) could skyrocket by triple digits from the current level. Svenson tells his 73,500 followers on the social media platform X that based on historical precedent, Bitcoin could appreciate by roughly between 50% and 201%. “…based on the ratio of past gains gives me $95,000 as the minimum target… …and the median target of $142,000. And if things go really well, we will hit $190,000. But anywhere you know closer to $142,000 maybe… but it could be between $95,000 and $142,000, could be like $124,000. Something along those lines. But these are…
The Aave community as an integral part of the community has just made a fundamental choice of letting Renzo”s Protocol along with its etzETH product operate their ethereum ecosystem. This decision, in particular, visibly on the Snapshot governance platform, appears to be a great stride towards the Aave V3 lending capability growth on Ethereum The improvement, which is at the first place presented as a “temperature check”, seeks to give a boost to Aave V3 platform efficiency and core functionality, potentially rendering it more versatile. Aave expanding Ethereum’s lending horizon Aave’s success in rolling out the initial Renzo Protocol and…
A trader who rode last year’s crypto breakout thinks that Ethereum (ETH) will continue to underperform unless something monumental takes place. Pseudonymous analyst DonAlt tells his 535,700 followers on the social media platform X that he expects other altcoins to massively outperform Ethereum as soon as market conditions improve. DonAlt believes Ethereum will continue to be a laggard until ETH witnesses a catastrophic collapse. “Everything down. ETH down but ETH down less. Rejoice ETH holders your time has come (Down in USD, up relative to the rest of the sh*tters). I legit think this is the only way for ETH…
The price of KNINE, a cryptocurrency launched by official Shiba Inu ecosystem partner K9 Finance DAO, recently reached a new all-time high. On March 7, K9 Finance DAO, one of the partners of the Shiba Inu ecosystem, launched its native token, KNINE. For the uninitiated, the K9 Finance DAO is the official liquid staking partner for Shiba Inu’s layer-2 blockchain, Shibarium. The KNINE token is purportedly designed to give holders a say on the DAO. Beyond voting on proposals, holders can earn fees and real yield from validators, all features that may have attracted the community to the project in…
In a remarkable twist for cryptocurrency enthusiasts, Bitcoin has once again asserted its dominance in the financial realm by increasing its price to the sky-high level of over $68,000, accompanied by an enticing $6,000 green candle. This surge marks the largest daily increase since February 2021, sending the digital currency community into a frenzy. With all eyes on the coveted milestone of $75,000, an impressive $5 billion worth of Bitcoin shorts is hanging in the balance, awaiting a potential liquidation. The positive fluctuations in the price of Bitcoin The new threshold of $75,000 Conclusion The positive fluctuations in the price…
As per Coin98’s Ethereum Q1 2024 Financial Report, the blockchain network clocked in a massive surge in income statement metrics. Fees and revenue witnessed a 1.8 times increase quarter-over-quarter (QoQ), while earnings tripled over the same period. This financial momentum is essentially aligned with significant advancements in network and ecosystem metrics. Ethereum’s network recorded over 107 million transactions in Q1, accompanied by the creation of almost 9.7 million new addresses, indicating increasing user activity and adoption. Moreover, ecosystem metrics portrayed a flourishing landscape, with total value locked (TVL) surging over 1.8 times QoQ, coupled with the creation of over 4.8…