Author: NBTC

Bitcoin has had an eventful week in terms of price action. The world’s largest crypto saw an 18% increase in the past seven days, its highest percentage increase this year. This unexpected surge caused a flurry of short position liquidations, and according to Glassnode, 60,000 BTC worth of futures positions were closed. Amidst all the price surge, data from Glassnode has shown a large portion of investors are now breaking above profit.  Bitcoin Surges Past $35,000, Flipping Millions of Coins Into Profit Bitcoin bulls managed to push Bitcoin price above $35,100 in the past 24 hours, marking the biggest one-day…

Galaxy Digital, a leading player in the digital assets sphere, has issued a bullish prediction for Bitcoin’s trajectory following the launch of the much-anticipated US-regulated spot Bitcoin ETF. According to a recent study published by the firm on October 24, the introduction of the ETF is set to considerably bolster Bitcoin’s adoption, positioning it more firmly as a recognized asset class. Advantages Of An ETF Galaxy’s analysis highlights that a spot Bitcoin ETF would be “one of the most impactful catalysts for the adoption of Bitcoin (and crypto as an asset class).” By the end of September, Bitcoin assets held…

1inch Investment Fund, a fund closely tied with the crypto exchange aggregating platform, 1inch, has sold 4,685 stETH for 8.54 million USDC at $1,823, according to Scopescan, an analytics platform, on October 24. By selling at spot rates, the fund has netted $1.28 million in profits since the stETH was bought at an average price of $1,550 less than a week ago. 1inch Investment Fund sells Ethereum| Source: Scopescan on X 1inch Investment Fund Sells stETH StETH, or staked Ethereum (ETH), is an ERC-20 token representing staked ETH on the Lido Finance protocol. The platform allows anyone to stake their coins and…

Retail big Walmart is becoming a member of forces with blockchain enterprise capital agency Outlier Ventures to determine the Store Nº8 Base Camp accelerator program. This 12-week program is geared toward startups specializing in Web3 advertising, promoting, and cost know-how. The Significance of Web3 Advertising and marketing in Retail The Retailer Nº8 Base Camp accelerator program is Walmart’s newest transfer to embrace rising applied sciences and discover novel methods to have interaction with its clients. This system’s first cohort consists of 5 startups: HypeLab, Reveel, Tide Protocol, Tokenguard, and Unblock. Thomas Kang, Vice President and Common Supervisor at Walmart and…

Bitcoin’s (BTC) price could be set to experience a 300% surge if a Spot Bitcoin ETF is finally approved by the United States Securities and Exchange Commission (SEC). BTC Could Surge 300% When A Spot ETF Is Approved The predictions of Bitcoin experiencing a 300% surge in its price from analysts can be traced back to the growth of Gold over the years after a Spot Gold ETF (SPDR Gold Shares) was approved back in November 2004, and listed on the New York Stock Exchange (NYSE). The price of Gold had experienced an eight-year consecutive bull run following its first…

The current Bitcoin rally has taken most of the crypto space by surprise after going from under $27,000 to $35,000 in less than two weeks. As prices continue to fly, on-chain data tracker Santiment has revealed something different between the current Bitcoin rally and its previous rallies above $30,000. Altcoins Refuse To Fall Behind Bitcoin In the report that was posted on X (formerly Twitter), Santiment revealed that altcoins have changed their usual routine for when the Bitcoin price is surging. For instance, when Bitcoin had rallied to $30,000 in April and July of this year, altcoins had taken a…

Following reports of BlackRock’s Spot Bitcoin ETF being listed on the Depository Trust & Clearing Corporation (DTCC) with the ticker IBTC, the BTC price had rallied above $35,000 based on investor expectations alone. The quick nature of this surge saw tens of thousands of crypto traders caught in the crossfire as over $400 million was liquidated in one day. More Than 95,000 Crypto Traders Lose Their Positions According to data from Coinglass, the crypto liquidation volumes ramped up quickly following the Bitcoin price surge. The platform reports that almost 95,000 traders were liquidated, with short traders bearing the brunt of…

Ethereum (ETH) is poised for a significant breakthrough as it inches closer to the critical psychological barrier of $2,000, mirroring the bullish sentiment sweeping through the cryptocurrency market, largely led by Bitcoin (BTC). Market analysts are optimistic about Ethereum’s potential breakout before October ends, with buy orders anticipated to fuel a substantial 12.25% surge, propelling the price to $1,958. In addition, investors have steadfastly held onto their investments in DeFi assets within the Ethereum ecosystem, demonstrating unwavering confidence even in the face of the enduring crypto market challenges. Despite the tumultuous nature of the crypto market, these investors remain committed…

The possibility of spot Bitcoin ETF approval by the US SEC has caused excitement in the crypto space as investors gear up for a Bitcoin bullish trend. However, not all voices are convinced of the innovative changes of Bitcoin ETFs, as a prominent economist has cautioned about the potential risks associated with Bitcoin ETFs  Schiff Says Bitcoin ETF Selling Risks Ahead Chief Economist and Bitcoin critic, Peter Schiff has aired his concerns about Spot Bitcoin ETFs public in an X (formerly Twitter) post released on Monday.  Schiff stated that the crypto market is presently filled with many speculators who are…

U.S. Securities and Change Fee (SEC) Commissioner Hester Peirce says that Individuals ought to be free to take a position on no matter belongings they select. In a brand new interview with CNBC, Peirce says that as a US regulator, it’s not her job to inform folks what they’ll or can not buy or speculate on. “I feel folks speculate about a number of various things, particularly in low-interest fee environments. Folks speculate about a number of issues. It’s not my job as a regulator to inform folks what they’ll and might’t buy and what they’ll and might’t speculate about.” In…