Author: NBTC

Partner at the Venture Capital firm Placeholder Capital and prominent figure in the crypto community, Chris Burniske, has given an instance where assets like Bitcoin and Ethereum could see a repeat of what happened in mid-2019. New Highs Before A “Final Wipeout” In a post shared on his X (formerly Twitter) platform, Burniske mentioned that a repeat of mid-2019 could happen if the top two cryptocurrencies, Bitcoin and Ethereum, were to “rip” from their current levels. If that happens, the crypto founder believes that the broader crypto market could follow suit. As to how these crypto tokens could go, he…

A massive amount of ETH has made its way to centralized exchanges, increasing the Ethereum balances of these exchanges. Given the implications of exchange inflows, it could be a barrier to the cryptocurrency when it comes to claiming the $2,000 resistance. Investors Send 13,000 ETH To Exchanges Data from IntoTheBlock shows a massive amount of ETH headed toward exchanges as the price rose. The total inflow volume as of October 31 when the price first cleared the $1,800 resistance was at 480,570. However, by the start of November, this number had blown up massively. November 1 saw the total ETH…

In their latest market update, QCP Capital, a crypto asset trading firm headquartered in Singapore, has dissected the recent Bitcoin price movements, attributing the rally to macroeconomic factors rather than the much-anticipated approval of a spot ETF. To recall, the Bitcoin surged from $34,500 to almost $36,000 on Wednesday. The Main Reason For The Bitcoin Price Rally The firm’s technical analysis highlighted that Bitcoin reached the 38.2% Fibonacci retracement level at $35,912 and touched the upper channel trendline before retreating, a move that was keenly observed by market participants. Bitcoin price | Source: QCP QCP Capital’s report states, “This latest…

Bitcoin (BTC) is currently experiencing a notable surge in its value, effectively propelling the entire cryptocurrency market upwards. The recent upswing has drawn the attention of various experts in the field, one of whom is the pseudonymous crypto strategist known as TechDev.  In a recent post on the popular social media platform X, TechDev emphasized that Bitcoin, often referred to as the king of cryptocurrencies, is poised to enter an “explosive” phase, citing the reversal of the king crypto’s long-term metrics as evidence.  According to TechDev, a specific signal occurs approximately every 3 to 3.5 years, indicating an impending period…

ProShares, one of the biggest issuers of exchange-traded funds (ETFs), has added another Ethereum-related ETF to its growing offerings following the launch of the “world’s first Short Ether-Linked ETF” on November 2.  ProShares Short Ethereum Strategy ETF In its announcement, the asset manager mentioned that the ProShares Short Ether Strategy ETF trading under the ticker ‘SETH’ will provide an avenue for investors to profit from declines in the price of the second largest cryptocurrency, Ether.  With the launch of this Ethereum investment vehicle, the company believes that its clients have an opportunity to “profit both on days when Ether increases…

The attorneys of disgraced FTX founder Sam Bankman-Fried argued that the prosecution is unfairly portray the defendant as a “monster” because the trial closes. Based on a Reuters report, Mark Cohen, Bankman-Fried’s lawyer, addressed the jury and mentioned that the prosecution elicited testimony concerning the defendant’s intercourse life and look in an try to color him as a villain and get the jury to dislike him. As acknowledged by Cohen, “Repeatedly, the federal government has sought to show Sam into some type of villain, some type of monster. And let’s face it, a clumsy highschool math nerd doesn’t look significantly…

Data from Glassnode shows Ethereum is still experiencing negative momentum despite the year-to-date rise that the asset has observed. Ethereum MVRV Ratio Has Recently Indicated Negative Momentum According to the latest weekly report from Glassnode, the MVRV ratio has recently been below its 180-day moving average (MA). The “Market Value to Realized Value (MVRV) ratio” refers to an indicator that measures the ratio between the Ethereum market cap and realized cap. The “realized cap” here is a capitalization model for ETH that assumes the true value of any coin in circulation is the price at which it was last moved…

Bitcoin (BTC) witnessed a remarkable surge in its price, nearing the $36,000 mark, sending ripples across the cryptocurrency market. While multiple factors contributed to this price rally, one significant driver appears to be the decision by the US Federal Reserve to halt interest rate hikes, albeit with the potential for future increases.  Additionally, the overall sentiment in the crypto market remains bullish, with a collective market cap of approximately $1.36 trillion, bolstered by the expectation of positive regulatory developments. Institutional Focus The recent listing of exchange-traded funds (ETFs) by prominent financial giants such as ARK Invest, BlackRock, and Invesco on…

The College of California, Irvine (UCI) gears up for an progressive transition because the Paul Merage College of Enterprise embraces immersive, three-dimensional lecture rooms. These VR-enabled environments are crafted by an thrilling collaboration with VictoryXR. The end result? A digital double of the college, aptly termed as a “metaversity”, is ready to boost interplay between college students and educators. Options of the Metaversity Within the context of training, the Metaverse emerges as an efficient software. It presents a studying setting enriched by immersive experiences and helps real-world simulations, role-playing, and digital explorations. Plus, it offers a wide array of educating…

Dormant Bitcoin whales, or long-term HODLers holding huge amounts of BTC, have suddenly awakened and started moving their funds. After over six years of inactivity, three dormant Bitcoin addresses containing thousands of BTC unexpectedly became active again, and they transferred a combined total of 6,500 BTC.  With BTC now showing signs of the resumption of the October rally, these massive Bitcoin transfers could either increase buying momentum or threaten to capsize the current bull run. Dormant Bitcoin Whales Make Waves With Massive BTC Transfers Movement of dormant Bitcoin addresses has been sporadic this year, with most causing a stir and…