Author: NBTC

Bitcoin has surged 4% in the last 24 hours to above $71,000, with investors expecting the rally to continue as the US elections approach. While the expectation of an increase in the market continues, analysts from Singapore-based crypto trading firm QCP Capital evaluated Bitcoin and the situation in the market. Analysts said the rally in Bitcoin, which surpassed the $70,000 level for the first time in more than seven months, was supported by strong inflows in spot Bitcoin ETFs worth $1 billion and other factors. Stating that the rise in cryptocurrencies has also spread to crypto-related stocks, analysts said that…

Ethereum has seen a significant uptick in buying pressure near the $2.4K support level, driving an impulsive price surge and reclaiming several key resistance regions. This action is signaling a potential shift towards a bullish market sentiment, with higher price levels expected in the mid-term. By Shayan The Daily Chart The daily chart shows that intensified buying near the channel’s middle boundary of $2.4K has sparked a substantial upward move, allowing Ethereum to break through several critical resistance points: The 100-day moving average at $2.5K The descending channel’s upper boundary is around $2.8K The 200-day moving average at $3K This…

A blockchain analyst says Shiba Inu, the network behind the SHIB memecoin, deserves a place in the Ethereum ecosystem as a layer-2 solution. The analyst noted Shiba Inu’s traits and organization, saying the memecoin could be a failover gas token on Ethereum. https://twitter.com/CryptoLollla/status/1854775006187737209 The analyst highlighted several of Shiba Inu’s characteristics, including SHIB’s status as a decentralized blockchain token with no team or management organization. He also noted its position as the second-highest market-capped token on Ethereum, after Ether. Meanwhile, the analyst compared Shiba Inu with other protocols in the Ethereum ecosystem. He noted that Solana has two layer-2 eclipses…

Bitcoin’s realized price, particularly within different age bands of unspent transaction outputs (UTXOs), displays an intriguing crossover pattern. Analysts predict this crossover could be an early sign of rising Bitcoin momentum, with newer transactions being completed at progressively higher prices than recent historical transactions. This shift hints at a potential bullish sentiment in the mid-term, suggesting increased demand and renewed investor confidence. The UTXO age bands, which categorize Bitcoin transactions based on the age of unspent outputs, provide valuable insight into market dynamics. The attached chart shows that age bands such as the 1-week to 1-month and 1- to 3-month…

A Shiba Inu team member known under the pseudonym Vet Kusama, which perhaps gives him a slight resemblance to the SHIB lead Shytoshi Kusama, has published a post with an image that features the very first logo of the Shiba Inu meme coin. Kusama revealed that the Shiba Inu dog, which initially inspired the mysterious founder Ryoshi to create the meme coin, is called Estee. A commentator to a recent tweet cited by Vet Kusama said that the dog is owned by an X user called Irina Valko (@IrinaValko7920 on X). Just found out that the name of the dog…

The company behind the ENS blockchain domain service has cinched a plan to build its own layer-2 blockchain, dubbed “Namechain.” Namechain will be a zero-knowledge rollup, and will likely go live around the end of 2025. ENS Labs, the company behind the Ethereum Name Service, is moving ahead with a plan to launch its own layer-2 network. Namechain, as the new network is called, should go live around the end of next year, ENS Labs’ chief operating officer, Katherine Wu, told CoinDesk. It will use zero-knowledge rollups, a scaling technology that speeds blockchain transactions and reduces the cost of executing…

Bitcoin’s (BTC) price could surge to $200,000 without the need for a collapse of the US dollar, according to Bitwise CIO Matt Hougan. In his latest investor memo, Hougain suggested that Bitcoin’s value rests on two independent forces: its role as a digital store of value and inflationary pressures on fiat currencies. Key forces driving Bitcoin Hougan said that many analysts overlook Bitcoin’s broader potential, often assuming its growth depends on a weakening dollar. According to the Bitwise CIO: “You get a much better view of Bitcoin. If you separate these arguments.” Hougan argued that the first driver is Bitcoin’s…

Ethereum, which is trading at about $3,120, is causing an euphoria in the cryptocurrency market right now. The market has been reminded of Ethereum’s ability to remain the second-largest cryptocurrency by market capitalization for almost eight years, and this upward trend has rekindled investor interest. Ethereum may be poised for a new bull run, which could pave the way for additional gains according to the recent spike in activity. Data from whale transactions indicates a discernible increase, indicating heightened activity from significant ETH stakeholders. These whale addresses, which have historically had a big impact on price changes, have helped Ethereum…

This is a segment from the Empire newsletter. To read full editions, subscribe. Framework’s Vance Spencer is a fan of Maker’s Sky rebrand. I don’t know about you, but until I chatted with Spencer, I really hadn’t seen or heard anyone come out in favor of the rebrand. Most folks were either ambivalent or critical. For Spencer — after speaking with various stakeholders — the “brand equity is actually relative to the value of a redenomination, which is just a lower unit bias. There’s a reason that stocks do this in the stock market,” he explained. As for the naysayers,…

Node sales are a growing trend in 2024. When purchasing a node, you’re buying into a project’s infrastructure while becoming a key player in maintaining and securing the network. Investors who position themselves correctly can benefit from this new and unique funding mechanism. This guide takes a detailed look at some of the most exciting node sales in 2024. In this guide: What are the top node sales in 2024? What are nodes? What are node sales? Why participate in a node sale? Pros and cons of node sales Prioritize security when participating in node sales Frequently asked questions What…