Author: NBTC
Bitcoin (BTC) has been consistently reaching new milestones almost every day over the past week as strong bullish momentum continues. BTC briefly touched a new ATH of $73,750 at around 07:00 UTC on March 14 with its market cap reaching $1.45 trillion. However, the flagship digital currency slightly slipped and is trading at $73,350 at the time of writing. BTC price, whale activity, exchange inflow, exchange outflow and supply outside of exchanges – March 14 | Source: Santiment Moreover, Bitcoin’s daily trading volume recorded a 25% decline and is currently hovering around $46 billion. You might also like: Dencun update…
A whale known by the short address 0xa09 deposited his last remaining 1,488 MKR, worth $ 5.43 million, to the cryptocurrency exchange Binance at an average price of $ 3,652. This whale allegedly purchased a total of 4,489 MKR via the CoW Protocol and Binance on March 17, March 28, and April 1, 2024, at an average cost of $2,984. However, apart from the last transaction, the whale in question deposited other MKR tokens to Binance in the last 5 hours at an average price of $ 3,583 and a total value of $ 16.09 million. If the whale actually…
ATOR Protocol, the crypto project that advances The Onion Router’s functionality via on-chain incentives, has announced a new collaboration. The company stated that it is going to collaborate with Streamr (a decentralized platform for data broadcasting) for the advancement of infrastructure. Announcing a key infrastructure partnership with @StreamrThe Streamr Network is a data transfer #DePIN specialized in broadcasting streams of data to multiple subscribers. It is an excellent complement to ATOR’s privacy network, with potential for🔹Support for UDP based… pic.twitter.com/CiXQ6qWZWQ — ATOR Protocol (@atorprotocol) April 18, 2024 ATOR Protocol Starts a Crucial Collaboration with Streamr Network To reveal this development,…
Miners have seemingly started offloading their Bitcoin holdings as the fourth halving approaches, CryptoQuant notes. As Bitcoin (BTC) maintains its bull run and the fourth halving nears, miners have started selling their holdings in the cryptocurrency, monetizing their business operations to buy more equipment for profitability. In an X post on Mar. 13, CryptoQuant CEO Ki Young Ju published a graph of miners’ selling activity since 2012, noting that this time “bull market would continue unless ETF [exchange-traded fund] inflow slows down.” Miners started selling $BTC.Bull market would continue unless ETF inflow slows down, imo. pic.twitter.com/jdxmvnj9jV — Ki Young Ju…
Ethereum price is consolidating near the $3,000 zone. ETH could start a decent recovery wave if it clears the $3,100 and $3,200 resistance levels. Ethereum is struggling to recover above the $3,100 resistance zone. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $3,035 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,100 resistance zone. Ethereum Price Holds Ground Ethereum price slowly moved lower after it failed to clear the $3,200 resistance zone.…
Cryptocurrency analytics firm Layergg recently released an exciting roadmap for the second quarter of 2024, hinting at the potential launch of several new altcoins. The roadmap suggests that April could be a particularly busy month for token launches, with EIGEN and ZKS making their debuts. Mainnet Launches Many projects, including Taiko, Diva Staking, Babylon, Eclipse, and Initia, are scheduled to launch their mainnets in the 2nd quarter. Avail and Aleo were also expected to launch their mainnets in April, but Aleo’s launch was delayed. Token Generation Events (TGE) Layergg’s roadmap also highlights token generation events (TGE), airdrops and token sales.…
Tanssi Foundation’s “Lets Forkin’ Dance” is an incentivized testnet campaign designed to enhance the Tanssi’s ecosystem. The post Tanssi launches incentivized campaign for its Dancebox testnet appeared first on Crypto Briefing. Tanssi launches incentivized campaign for its Dancebox testnet The Tanssi Foundation has recently launched the “Let’s Forkin’ Dance,” an incentivized testnet campaign aimed at enhancing community engagement and network activity in anticipation of the Tanssi Network’s launch. According to the announcement, the Dancebox testnet has already facilitated over 700 appchain deployments, demonstrating significant market adoption. The “Let’s Forkin’ Dance” campaign introduces incentives for general users, builders, and Block Producers,…
The crypto sphere is alive with anticipation for the upcoming Bitcoin (BTC) halving. According to Coinbase analysts, this event is poised to be unlike any before, primarily due to the advent of US spot Bitcoin ETFs, active BTC supply, and their substantial impact on the market. Analysts shared a detailed report with BeInCrypto, delving into these changes and offering insights illuminating the current cycle’s uniqueness. What Would Impact the Current Bitcoin Halving Cycle? Historically, halvings have reduced Bitcoin miners’ rewards. The 2024 halving will slash issuance from 6.25 BTC per block to 3.125 BTC. Though historical data offers some guidance,…
In a recent roundtable discussion, Bitwise Asset Management’s Chief Investment Officer Matt Hougan expressed confidence in the final approval of Ethereum ETFs. “Whether we get approval in May or later, we’ve shown that the ETF costs less to launch and provides better protections for investors looking to access this asset class, so it’s not a matter of if but when an Ethereum ETF will happen,” Hougan said. “I think it is,” he said. Bitwise has already launched a spot bitcoin ETF and has also filed for a spot Ethereum ETF. The firm is optimistic about the future of cryptocurrency ETFs,…
Tensor Foundation, the entity behind Solana’s non-fungible token (NFT) marketplace Tensor, launched today its governance token TNSR. A total of 125 million TNSR was airdropped to users who interacted with Tensor, which is 12.5% of the total supply, and the claim period is 180 days. The TNSR price started at $1.19, and data aggregator CoinGecko shows that it leaped over 51% in the four hours after its launch, now sitting at $1.81 at the time of writing. TNSR’s fully diluted value surpassed $1.7 billion, and the token is already listed on the largest centralized exchanges by trading volume, such as…