Author: NBTC
The price of Bitcoin has been on a bearish trend for the past few days now, which has led to several crypto analysts predicting an even more bearish action for the crypto asset in the near future. Bitcoin Price To Crash To $38,130 Ali Martinez, a well-known cryptocurrency analyst and enthusiast, has shared a worrying prediction for the short-term price action of Bitcoin. The analyst took to the social media platform X (formerly Twitter) a few hours ago to share his projections with the crypto community. Martinez’s forecast came amidst the recent crash craze encompassing the entire crypto market. The…
Bitcoin ETFs have arrived, courtesy of the approval granted by the US Securities & Exchange Commission. Traders can access platforms of asset managers like BlackRock and Fidelity, and begin their journey with BTC effective January 10, 2024. However, there are certain aspects that the community is still trying to deal with – transparency, hope, and hesitation. Transparency takes center stage On-chain transparency following the approval of Bitcoin ETF applications has been given priority. It had to, given worries about market manipulation and misuse of the mechanism’s use to escape unlawful fund transfers within and across national borders. Bitwise, for one,…
A recent development shows that Bitcoin whales have refused to be deterred by the recent price action of the flagship cryptocurrency. Instead, they have chosen to see it as an opportunity to accumulate more BTC. This move could turn out to be really profitable based on a recent analysis by crypto analyst Ali Martinez. An Increase In Bitcoin Whales Ali Martinez stated in an X (formerly Twitter) post that 46 new entities now hold 1,000 BTC or more, which represents a 3% increase in just two weeks. Data from BitInfoCharts further shows that there are now 1,898 wallet addresses holding…
Not much time has passed since the first-ever Bitcoin ETFs were approved in the US. Contrary to the consensus, the approval has not boosted BTC’s price off the charts. Instead, the biggest crypto in the world is struggling near its one-month low. Bitcoin is hovering at the crucial $40,000 mark, and even the slightest fluctuation can define the coin’s movement for months. The market is split on responding to Bitcoin rebounding back to the $40,000 level. It has been 2 weeks since the ETF approvals, and volatility has become even more prevalent in the crypto market. Currently, Bitcoin is trading…
Ethereum, the linchpin of the decentralized application ecosystem, finds itself navigating a precarious path this week. The cryptocurrency’s value, having breached the pivotal $2,250 support level, now teeters on the edge of a decisive crossroads, caught between the prospect of a resurgence and the looming threat of a more pronounced downturn. Analyzing the technical landscape reveals a cautious narrative, as ominous bearish trendlines emerge on the hourly charts of the Kraken exchange, while a resilient resistance at $2,240 presents a formidable obstacle. Ethereum: Uphill Battle And Key Levels To Watch The journey to reclaim lost ground demands a Herculean effort…
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has invested over $590 million into Magic Leap, a US-based firm specializing in virtual reality headsets. This strategic funding positions Magic Leap to compete immediately with trade giants like Apple and Meta within the quickly rising digital and augmented actuality market. A Temporary Historical past of Magic Leap Magic Leap, a Florida-based firm based in 2010, first garnered consideration in 2015 when it launched its superior augmented actuality glasses. Regardless of preliminary hype and funding from main gamers akin to Google and AT&T, the corporate struggled to realize business success. …
While Bitcoin has struggled since the much-anticipated spot ETFs have gone live, Ethereum has emerged as a winner in the sector. Ethereum Has Done Better Against Both Bitcoin And Altcoins Recently In its latest weekly report, the on-chain analytics firm Glassnode has discussed how Bitcoin, Ethereum, and the altcoins have performed against each other recently. The cryptocurrency sector as a whole has enjoyed a net rise since BlackRock first filed for its exchange-traded fund (ETF) last year. The trend in the market caps of the three asset classes over the past few months | Source: Glassnode’s The Week Onchain -…
On January 23, Wallet Connect and other web3 companies informed their users about a phishing scam using official web3 companies’ email addresses to steal funds from thousands of crypto wallets. A Massive Phishing Campaign Wallet Connect took X to notify its community about an authorized email sent from a Wallet Connect-linked email address. This email prompted the receivers to open a link to claim an airdrop, however, the link led to a malicious site and, as Wallet Connect confirmed, it was not issued directly by the team or anyone affiliated. Wallet Connect contacted web3 security and privacy firm Blockaid to…
Amid the current market turmoil, the Bitcoin Fear & Greed Index has continued on a sharp decline. This decline has seen the index fall to its lowest level in over three months as crypto investors become more fearful and hold their investments from the market. Bitcoin Fear & Greed Index Takes A Nosedive In the months leading up to the end of the year 2023, the Bitcoin Fear & Greed Index climbed steadily until it reached high greed levels. Now, this index takes a number of factors into consideration to place investor sentiment across a number of categories ranging from…
Defunct Japanese-based cryptocurrency exchange, Mt. Gox has taken the next steps toward its Bitcoin distribution process to customers who were previously affected by its 2014 hack attack. The crypto exchange has delivered mass emails to account holders as they confirm wallet addresses for individuals eligible for its repayment process. Mt. Gox Prepares For Bitcoin Repayments Recently, Account holders at Mt. Gox reported in a Reddit post that they have been receiving new emails from the crypto exchange regarding an identity verification and confirmation procedure initiated by the exchange. Mt. Gox disclosed that it has begun confirming wallet addresses from users…