Author: NBTC

The crypto ecosystem is undergoing a unique recovery round, with Dogecoin (DOGE), Shiba Inu (SHIB) and PEPE tagging along. Though mild, each of these meme coins is registering a unique price surge that shows the worst drawdowns might be over. Rebirth of DOGE, SHIB and PEPE Over the past 24 hours, the Dogecoin price has inked a mild surge of 0.6%. The price action of DOGE is particularly volatile, with the growth rate moving to and fro the negative zone amid the return of an epic demand wall. Shiba Inu broke off from this trend with a 1.37% surge to…

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: What’s the deal with prediction markets? Casey breaks down the latest developments for Polymarket and competitors. Ben chatted with an industry legal chief who (more patiently than some) awaits Kamala Harris’s crypto stance. Another look at this week’s mixed big of economic data. You can’t ban what’s already banned! Ah, Polymarket. The…

A major move for Bitcoin (BTC) is likely approaching as price moves through a rare ultra-low period of volatility, according to a closely followed on-chain analyst. Pseudonymous analyst Checkmate tells his 93,700 followers on the social media platform X that BTC has only moved 8.3% up or down in the last month, a rare occurrence for the flagship cryptocurrency. The situation suggests two possible outcomes, according to the analyst. “Bitcoin very rarely goes this quiet. The 30-day price range is separated by just 8.3%. There are two outcomes:1) Bitcoin remains a stablecoin for a new paradigm2) Volatility is just over…

Atomic Wallet’s critique of XRP on X (formerly Twitter) ignites community backlash, linking the wallet to past hacks. Atomic Wallet, a non-custodial crypto wallet, recently stirred up the crypto community by questioning the utility of XRP on X, asking why nobody uses it. Any idea why nobody uses XRP? — Atomic – Crypto Wallet (@AtomicWallet) July 6, 2024 The remark has incited a wide array of responses from the community, particularly among those who are invested in XRP. Amid this criticism, XRP is trading at $0.4351, posting an 87.25% decrease from its all-time high of $3.40. Community Reactions and Accusations…

ALLINVAIN’s journey in the early Bitcoin era highlights the potential and inherent risks of the cryptocurrency market. As an early adopter and significant contributor to Bitcoin’s growth, his experiences reflect the crucial need for security measures. His story remains a reminder of the vulnerabilities that early Bitcoin users faced. Bitcoin Developer Lost 25,000 BTC In the early days of Bitcoin, when the cryptocurrency traded for less than $0.05, a developer known as ALLINVAIN mined and traded Bitcoin. By 2010, he launched one of the first Bitcoin exchanges, Bitcoin Express, which allowed users to buy Bitcoin with PayPal. Early transactions sold…

Dogecoin has evolved into a serious digital currency with a loyal community and diverse use cases. Dogecoin’s appeal lies in its simplicity for everyday transactions, with low fees and quick transaction times. Popular online platforms, celebrity endorsements, and community-driven initiatives have propelled Dogecoin’s adoption. Dogecoin has lately become a practical means of exchange among everyday consumers. This digital currency has captured the imagination of tech-savvy millennials and seasoned investors seeking alternatives to traditional currencies. While many crypto projects chase gains, Dogecoin’s purpose is to be a simple means of exchange for everyday people. Shibes around the world are putting Doge…

American investment management firm VanEck is set to launch the first spot Bitcoin exchange-traded fund (ETF) on Australia’s securities trading platform this week. According to an official announcement from the asset management company, the spot Bitcoin ETF will go live on the Australian Securities Exchange (ASX) on Thursday, June 20. VanEck Unveils Australian Bitcoin ETF VanEck is one of the issuers of the spot Bitcoin ETFs in the United States. The firm’s product, VanEck Bitcoin Trust (HODL), held over $529 million in assets under management at the time of writing, with a market cap of $660 million. The approval of…

Per WhaleAlert, 300 million XRP tokens have been suddenly transferred from Binance, the biggest cryptocurrency exchange. This major transfer happened as the crypto ecosystem awaited where the XRP price was headed next. 300 million XRP worth around $130 million at present value were shifted within a transaction to an unspecified wallet, creating doubts about the motive behind the big shift. Blockchain data tracker Whale Alert tweeted that “300,000,000 XRP worth $130,132,907 were transferred from Binance to unknown wallet.” 🚨 🚨 🚨 🚨 🚨 🚨 300,000,000 #XRP (130,132,907 USD) transferred from #Binance to unknown wallethttps://t.co/kloHJ85eMi — Whale Alert (@whale_alert) July 8,…

Bitcoin price extended its losses and traded below the $65,000 level. BTC is showing bearish signs and might extend losses below the $64,600 level. Bitcoin remained in a bearish zone and traded below $65,000. The price is trading below $66,000 and the 100 hourly Simple moving average. There is a connecting trend line forming with resistance at $67,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down and even trade below the $64,500 support zone. Bitcoin Price Extends Its Decline Bitcoin price struggled to recover above the $66,500 resistance zone.…

Bitcoin price shows no signs of a directional bias as it hovers around $66,000. The 2019 BTC price fractal hints at a potential correction should the US Fed cut interest rates. Investors can expect a retest of the $60,000 to $45,000 levels depending on the severity of the nosedive. There aren’t any high-impact events that could sway the market this week. So, let’s focus on the cryptocurrency market’s lack of directional bias. From a big-picture perspective, the reason for this uncertainty could be attributed to the US Federal Reserve or the macroeconomic landscape. But Bitcoin (BTC) is also to blame…