Author: NBTC
Bitcoin has been moving sideways since mid-January, when the price broke out of a parallel upward channel to the downside. The BTC price is currently around the same price as on January 13. However, the time of dullness could soon be over, as the Bollinger Band Width (BBW) indicator signals. The BBW is derived from the Bollinger Bands themselves, which consist of a middle line (typically a simple moving average) surrounded by an upper and lower band. These bands expand and contract based on the standard deviation of the price from the mean, which is a measure of volatility. The…
The expectations of a Bitcoin bull run in the year 2024 continue to drive investment decisions across the space. A number of reasons have been given for the expected bull run, including the approval of Spot Bitcoin ETFs for trading as well as the upcoming BTC halving event. One analyst has echoed the latter, elaborating on why the halving will bring about a bull market. The Bitcoin Halving Event Will Send Market Higher Crypto analyst James van Straten took to X (formerly Twitter) to explain why the Bitcoin halving event is bullish for price. Now, the halving is an event…
According to a CoinShares report, Bitcoin and Solana led the way in the amount of institutional inflows into digital asset investment products last week. The report also highlighted an emerging trend among Spot Bitcoin ETFs in the US. Bitcoin Records $703 Million In Inflows Bitcoin is reported to have seen inflows totaling $703 million last week, thereby accounting for 99% of all flows into these investment products. Solana came in a distant second with an inflow of $13 million, outperforming the second-largest crypto token, Ethereum, which saw an inflow of $6.4 million. The spotlight was on Spot Bitcoin ETFs in…
ARK Invest Chief Executive Officer (CEO) and Chief Information Officer (CIO) Cathie Wood, has expressed her optimism about Bitcoin’s capabilities to potentially rise above gold, referring to the cryptocurrency as ‘the digital gold.’ Bitcoin Versus Gold Appearing in a recent interview on ARK Invest’s official YouTube channel, Wood and ARK Invest’s Chief Futurist, Brett Winton, delved into a lengthy discussion about Bitcoin’s historical and most recent price movements in relation to gold. Describing Bitcoin as both a “store of value” and a “risk off asset,” Wood emphasized the cryptocurrency’s notable rise, particularly when compared to gold. She shared a chart…
Craig Wright came out in 2016, claiming he was Satoshi Nakamoto, the one to invent Bitcoin. The crypto community has been skeptical about it since then, and the real face behind the pseudonym remains unknown. The Crypto Open Patent Alliance, also known as COPA, has filed a case to seek a ruling that the computer scientist is not what he claims to be. The High Court found Craig’s claims false and said they are a brazen lie. Jonathan Hough KC represents a group of cryptocurrency exchanges and developers. He has been their voice to the media, with the recent statement…
Ethereum is going steadily above $2,300 at the time of drafting this article. More specifically, the token is exchanging hands at $2,309.65, increasing to 0.705 in the last 24 hours. It further marks a jump of 0.30% and 3.63% in the last 7 and 30 days, respectively. ETH surpassing $2,300 was a rare feat in recent days. The community now speculates that that could be a thing of the past. The token is being teased to surge by almost twice in the coming months of this year, that is, in 2024. Why is Ethereum price set for a 2x surge…
Over the past couple of months, Bitcoin has picked up a tremendous pace in the market. In October 2023, the crypto surged from 27,967 dollars to 35,000 dollars. This trend was the first stable uptick BTC encountered after May 2022. The crypto continued this surge for a while, primarily because of the buzz surrounding the US ETFs. Now, Bitcoin is comfortably trading above the 42,000-dollar mark. The anticipation regarding Bitcoin ETFs generated a positive market outlook that lifted the entire crypto market. In February 2024, the momentum has slowed a bit, but Bitcoin has found a solid foothold above 42,000…
Following the anticipated consent, BitGo will serve as a qualified custodian for the Hashdex Bitcoin ETF. This is required for all ETF applications. BitGo’s sponsorship is a collaborative pledge to build a stronger and safer market structure. If the scenario changes in their favor, Hashdex Bitcoin Futures ETF will become a spot Bitcoin ETF and will rebrand as Hashdex Bitcoin ETF. BitGo and Hashdex, the digital asset advisor for DEFI and a prominent global crypto-focused asset manager with $540M in AUM, have been collaborating for an extended period of time. As the foremost qualified institution custodian, BitGo is the optimal…
Bitcoin has been at the center of the stage since the time the US SEC approved ETF applications. In all honesty, BTC never really left the limelight. If anything, the approval has helped it gain more attention worldwide. Crypto enthusiasts are optimistic that the token will rise in the coming days despite being aware of bearish arguments. Bullish sentiments are based on factors like macroeconomic conditions, comparison to gold, and ETF inflow. ETF Inflow and GBTC Outflow GBTC has been pinned as a major reason why BTC is rallying at a lower value. The selling pressure pointed out that this…
IBC recently introduced its latest update, ibc-go v8.1. The update has brought IBC Channel Upgradability to the platform. With ibc-go v8.1, IBC can upgrade existing channels for new apps and features like fee middleware. It also allows the network to use interchain accounts alongside unordered channels. Moreover, the update facilitates pruning stale acknowledgments for reduced disk overhead. IBC released a string of tweets and an official post to inform the users. The tweets continued to read that Channel Upgradability will solve an important issue for IBC partners. Currently, token fungibility uses existing channels, which requires new channels for new features.…