Author: NBTC

Sen. Chuck Schumer (D-NY), majority leader in the U.S. Senate, speaking during a digital town hall meeting on Wednesday, vowed to pass crypto legislation by the end of the year. “I believe Washington cannot just look away from crypto, stick our heads in the sand, and do nothing,” Schumer said during the Crypto4Harris livestream. “My goal is to get something passed out of the Senate and into law by the end of the year, and I believe we can make that happen.” Failing to act, he explained, would “risk crypto going overseas to lowest common denominator countries where there’ll be…

Bitcoin (BTC) started the weekend with a slightly more positive sentiment after a mostly bearish week, seeing some price recovery. However, a technical analyst warns of more downside potential for the leading cryptocurrency, looking at the one-hour chart. Ben Walther, a high-reputation analyst on TradingView, shared two recent Bitcoin price analyses that examined key levels and chart patterns. In both analyses, Walther concluded that BTC could still see significantly lower prices against the dollar, eyeing sub-$54,000. As of this writing, Bitcoin trades at $59,450, recovering from the price crash to $50,000 in early August. Despite the crash-to-date recovery, BTC still…

The price of Ethereum (ETH) has been trading in a range since its recovery from the August 5 plunge. Selling pressure has eased, but the altcoin remains above the $2,200 support level and below the moving average lines. Long-term analysis of the Ethereum price: bearish On the upside, movement is hindered by resistance at $2,800 or the 21-day SMA. The value of the altcoin is likely to fall further. Today, the altcoin is on the retreat as it hovers around the $2,600 support. If Ether loses the current support of $2,200, it will fall to the lows of $2,000 and…

Acclaimed blockchain researcher Collin Brown has spotted significant bullish developments in the Terra Luna Classic ecosystem. In a recent post highlighting Terra Classic Foundation’s recent announcement on X, Brown identified trends that suggest improved LUNC adoption that could signal a potentially bullish sentiment for the altcoin. 🚀 Terra Luna Classic Staking Ratio Hits 15% With 1T LUNC Staked!🔹 Over 1 trillion Terra Luna Classic (LUNC) tokens staked. 🔹 Staking ratio surges to 15.01%. 🔹 Recent LUNC burns by Binance add to optimism. 🔹 $70.15 million worth of LUNC staked.Staking reduces… pic.twitter.com/btFKb1FWi5 — Collin Brown (@CollinBrownXRP) July 6, 2024 According to…

The Trump Organization, the holding company for former U.S. President Donald Trump’s business ventures, will soon unveil its new cryptocurrency initiative, according to a Wednesday report from the New York Post. Eric Trump, the son of former President Trump and executive vice president of the Trump Organization, teased the coming project in an interview with the Post, but declined to share any specific details, saying only that the “moment everything is final and ready to go” the crypto project will be publicly announced. He hinted that the project could involve “digital real estate,” suggesting that people may be able to…

While Bitcoin struggles below $60,000, a Bybit report shared with BeInCrypto suggests that the BTC rally might still have momentum. The report delineates bull runs retrospectively and forecasts the potential continuation of Bitcoin’s price rise. Bybit’s analysis divides Bitcoin’s historical performance into distinct cycles, visualized on a logarithmic scale to clarify long-term trends. According to its criteria, a bull run spans from the lowest trough to the highest peak of each cycle. The 2024 Bitcoin Bull Cycle Still Has Room For Growth Notably, three major bullish phases have been identified: 2012-2014, 2015-2018, and 2019-2022. The current bull cycle began in…

Ethereum (ETH) remains consolidated within the $2.6K range. ETH’s fear and greed index suggests fear sentiment in the market. As in the mid of August, Ethereum (ETH), has witnessed significant bearish momentum over the past weeks. This largest altcoin struggles to break through the oscillating price range and chooses to consolidate within $2,600-2,700. Last week on August 5, ETH declined to its seven-month low at the $2.1K range. Gradually, it recovered from the dip and traded above $2.5K. Over the last 24 hours, ETH has slipped down by 0.24%. At the press time, ETH traded at $2,614 with a market…

Umami Finance integrates Chainlink Data Streams to enhance liquidity provider experiences on Avalanche. The integration includes ETH/USD, LTC/USD, DOGE/USD, BTC/USD, and XRP/USD data streams. Umami Finance has announced the integration of Chainlink Data Streams on the Avalanche (AVAX) blockchain. Umami Finance, a leader in refining yield strategies, was among the first to use this industry-standard, low-latency Oracle solution. This strategic initiative intends to improve liquidity providers’ (LPs’) experience by increasing the accuracy and timeliness of trades completed by Umami’s GM vaults on Avalanche. We’re excited to announce that Umami, a leader in refining yield strategies, is among the first to…

The upcoming US election and the prevailing political developments have garnered great attention in the crypto industry, especially concerning the leaders’ diverse approaches to crypto. The latest development in the spotlight is the rivalry between Republican Senator candidate John Deaton and Senator Elizabeth Warren in the Senate race. In a recent X post, James Murphy, known as MetaLawMan on X, shared a comment on Senator Warren’s anxiety over her position in the election rally. Criticizing her controversial Anti-Crypto Army, Murphy stated, “She should be worrying about the voters of Massachusetts who are tired of her pro-inflation, pro-illegal immigration, anti-freedom agenda.”…

Equities are riding high thanks to a slowdown in U.S. inflation, pushing stocks closer to record levels. As the Federal Reserve eases off the inflation brake, investors are piling into the market, sending equities soaring. But while Wall Street is popping champagne, the crypto market is left out in the cold, caught in a web of uncertainty and missed opportunities. According to QCP analysts, the easing inflation has breathed new life into the stock market. Investors are growing more confident as inflation slows, leading to a surge in equities. The sentiment isn’t just local either. Central banks like the Reserve…