Author: NBTC

Bitcoin and the broader crypto market are experiencing a sharp decline, with BTC hitting lows of $94,550 today. This follows Bitcoin’s brief return to the six-figure price range earlier this month, reaching $102,720 just yesterday. The dramatic bearish turn has prompted analysts to explore on-chain indicators to identify potential triggers. Shayan, a verified author at the analytics platform CryptoQuant, has pointed to a decline in Bitcoin funding rates within the derivatives market as a critical factor. Funding rates reflect the demand for Bitcoin derivatives and play a major role in sustaining price trends. A strong rally is typically accompanied by…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. It wasn’t exactly surprising to hear speakers at yesterday’s Ondo Summit in Manhattan opine on crypto regulation/legislation. But beyond the post-election optimism we’ve heard plenty of, there was clear recognition of the ample work to do. Former Congress member Patrick McHenry called Paul Atkins a “great choice for SEC chair.” But finalizing confirmations like his can be a months-long process, McHenry noted. Hence the potential “purgatorial state” of the SEC, if you recall from last week’s Forward Guidance. Another months-long process: the “arduous” journey to draft…

Public burn tracker Shibburn has revealed that another large SHIB stash has been transferred to a “virtual furnace” over the past day. The burn rate, respectively, has shown a four-digit rise. Burn rate soars by 2,221% According to Shibburn, during the past day, the SHIB community kicked a substantial amount of meme coins to unspendable blockchain addresses – 21,000,740 SHIB which resulted in the overall daily burn rate showing a 2,221% spike. So far, there have been seven transfers to dead-end wallets. The largest ones, correspondingly, carried 18,973,108 SHIB and 1,000,000 SHIB nine and eleven hours ago. HOURLY SHIB UPDATE$SHIB…

Crypto derivatives exchange Deribit is closing its operations in Russia to conform to European Union sanctions, according to Russian media. However, some Russians living abroad will still have access to its services. Russian users were warned of the coming changes on Feb. 5 through a post on Deribit’s website that read: “Due to EU sanctions against Russia, Deribit is no longer able to accept Russian nationals and Russian residents as its clients, unless an exception applies. Since Deribit’s parent company is Dutch, these EU sanctions are relevant to us.” The statement explained that affected users would be limited to “reduce-only”…

Bitcoin price pulled back this week, falling from its all-time high of $108,200 to below $95,000 as concerns over the bond market persisted. Bitcoin (BTC) dropped sharply on Tuesday as U.S. bond yields surged to their highest levels in over two years following stronger-than-expected job vacancy data. The bond market sell-off continued on Wednesday, pushing 30-year and 10-year yields to 4.95% and 4.70%, respectively. Rising yields suggest the market expects the Federal Reserve to maintain its hawkish stance throughout the year. You might also like: Red alert for Bitcoin price as 30-year Treasury yield forms risky pattern The release of…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The US Treasury Department issued its quarterly refunding statement this week. As Felix alluded to yesterday, this is where officials announce their debt issuance plans for the coming quarter. The Treasury will be holding auction sizes steady “for at least the next several quarters,” the latest statement read. Treasury yields, in response, slid. 10-year yields were hovering around 4.5% Friday while the 2-year rose to 4.28%. Normally, higher yields mean lower stocks, like we saw in 2022 when the 10-year rose to over 4% and the…

$DOGS Token, a memecoin built on The Open Network (TON) blockchain, has quickly gained momentum, amassing a user base of over 50 million. The project has now unveiled its updated roadmap for Q1-Q2 2025, which focuses on enhancing product features, expanding community engagement, and increasing token use cases.. This ambitious roadmap reflects $DOGS’ commitment to sustained growth and innovation. Overview of Upcoming Features and Plans Product Updates to Boost Engagement and Growth: The roadmap introduces several initiatives aimed at encouraging deeper user engagement and incentivizing community participation. The key updates include: $DOGS Pass: An exclusive program offering early access to…

Upbit, a leading global digital asset exchange, has announced the listing of two new digital assets: Jito (JTO) and Scroll (SCR). Upbit Announces Support for New Digital Assets: JTO and SCR The new assets will be available for trading on the BTC and USDT markets, with deposits and withdrawals supported via their respective networks: Asset Market Network Deposit Start Time Trading Start Time Jito (JTO) BTC, USDT Solana Within 3 hours after announcement February 6, 18:00 Scroll (SCR) BTC, USDT Scroll Within 3 hours after announcement February 6, 18:00 Important Deposit Instructions Only deposits made via designated networks (Solana for…

Bitcoin’s price troubles continued in the past few hours, as the asset slumped below another support zone – this time the $94,000 mark. This comes amid changing tides within the crypto community’s sentiment regarding the ongoing bull run and whether it has come to an early and abrupt end. CryptoPotato has repeatedly reported the adverse price development around BTC, which started yesterday. Recall that the asset had soared past $102,000 on Tuesday morning for the first time since December 19. However, its run was quickly halted, and BTC started to lose value rapidly and violently. In just an hour or…

US President Donald Trump announced today that he plans to announce bilateral tariffs on multiple countries next week. Speaking alongside Japanese Prime Minister Shigeru Ishiba at the White House, Trump said the tariffs would apply to “everyone” but did not specify the exact measures. “On reciprocal trade, so that we are treated equally with other countries, I will be making that announcement next week. We are not asking for anything more, we are not asking for anything less,” Trump told reporters, adding that he would provide more details at an upcoming news conference. Trump hinted that auto tariffs were being…