Author: NBTC

Ethereum price is gaining bullish momentum above the $2,700 support. ETH remains supported and eyes more upsides toward the $3,000 resistance. Ethereum is consolidating gains above the $2,770 support zone. The price is trading above $2,780 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up toward the $3,000 resistance zone. Ethereum Price Remains In Strong Uptrend Ethereum price remained well-bid above the $2,650 level. ETH settled above the $2,700 barrier to move further into…

SNAP token creator, SNAP Inc. disappointed the markets after posting their fourth-quarter results. The Snapchat parent had failed to provide guidance that would create a hopeful sentiment among its investors. Ever since the company posted its fourth-quarter results, the shares of the firm have fallen over 25%, creating worries about its future. Snap Inc shares fall after Q4 results In an interview with Yahoo Finance, Kamran Ansari, the Headline venture partner expressed his disappointment with the firm. He said that Snap “has been flat the last year or so.” This indicated that the stock has underperformed for the past couple…

Hedera Hashgraph’s (HBAR) price has gone parabolic in the past few days as investors cheer the strength of the SaucerSwap DEX platform. HBAR has risen in the past five straight days and reached its highest point since May 2022. There are four main reasons why Hedera Hashgraph has done well lately. First, there are signs that its ecosystem is making progress as it plugs the gap with other popular blockchains. SaucerSwap, the biggest Decentralised Exchange (DEX) in the ecosystem, has seen the Total Value Locked (TVL) surge to a record high of over $127 million. SaucerSwap’s TVL has risen by…

The Bitcoin options market is witnessing a significant surge in activity. A recent notable event in this space was a Bitcoin butterfly spread trade with a notional value of $20 million, according to Greeks.live. The trader is seeking to capitalize on a slight decrease in Bitcoin’s price before March 29, aiming for a maximum profit at the $47,000 mark. This shows a cautious yet opportunistic outlook among large-scale investors or “whales.” Understanding Bitcoin options trading Bitcoin options are a type of derivative contract that gives the holder the right, but not the obligation, to buy or sell Bitcoin at a…

In a surprising twist that’s causing a buzz in the decentralized finance (DeFi) world, Jupiter, a big player in the DeFi scene, has decided to shake things up. They’re taking a bold step by pulling all their tokens, JUP, out of circulation. The gutsy move isn’t just a casual adjustment; it’s a clear signal that Jupiter is all in on making their ecosystem more stable and secure. It’s like they’ve thrown a curveball into the usual playbook of how DeFi projects handle their tokens, challenging the norm and sparking conversations about how things can be done differently. The move by…

Doodles, the digital asset firm renowned for its vibrant and sought-after NFT collection, has joined forces with G-Shock, the luxury watch brand known for its durable and innovative designs. This partnership aims to launch an NFT-inspired watch collection that is not only a nod to the digital future but also a testament to the enduring appeal of high-quality craftsmanship. What is Doodles? Before diving into the specifics of this groundbreaking collaboration, it’s essential to understand what Doodles is. Launched in October 2021, Doodles is a collection of 10,000 generative NFTs, each featuring unique, hand-drawn characters ranging from humans, cats, and…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has witnessed a significant price increase, soaring to $2,800 for the first time since May 2022. This remarkable surge has caught the attention of both investors and analysts, indicating a renewed optimism in the cryptocurrency market. And there goes Ethereum $ETH soaring to 2,800 for the first time since May 2022 🥳 pic.twitter.com/daBYXf0L1F — Barchart (@Barchart) February 15, 2024 The rise of Ethereum is part of a broader rally in the digital currency space, with several factors contributing to its current performance. This uptick in Ethereum’s value not only reflects the growing…

Ever since the approval of the spot Bitcoin ETFs in the market, the Grayscale Bitcoin Trust(GBTC) has witnessed systematic outflows amid capital rotation to other Bitcoin ETFs by BlackRock and Fidelity that offer a lower fee advantage. Grayscale Opens Private Placement Subscriptions for Altcoin Trusts According to insights provided by crypto analyst Colin Wu, Grayscale has initiated private placement subscriptions for select cryptocurrency trusts, accessible to accredited investors. These trusts include Grayscale Bitcoin Cash Trust, Grayscale Chainlink Trust, Grayscale Litecoin Trust, Grayscale Solana Trust, and Grayscale Stellar Lumens Trust. Investors will have the opportunity to subscribe based on the net…

In a recent AMA session, Charles Hoskinson, the founder of Cardano, vocally criticized the XRP community for what he describes as a “relentless overwhelming campaign” based on misconceptions and falsehoods. “There’s no desire for peace there,” Hoskinson stated. “They don’t want peace because they don’t want to acknowledge for perhaps a moment that we are talking past each other,” he added. The long-standing conspiracy in question alleges that Ethereum backers may have unduly influenced the SEC’s decision to pursue legal action against XRP. No evidence Throughout his AMA, Hoskinson made repeated appeals for a shift toward rational discourse and evidence-based…

There has been a notable surge in block trades within the cryptocurrency market recently. These large-scale transactions have caught the attention of investors and analysts alike, signaling significant activity in the digital asset space. Notably, there have been several noteworthy options block trades involving Bitcoin, indicating substantial bets being placed on the future direction of the leading cryptocurrency. In the cryptocurrency space, block trades are particularly significant due to the decentralized nature of the market and the potential for large orders to influence market dynamics. These trades often reflect the strategies and sentiments of institutional investors and whales, providing valuable…