Author: NBTC
Bitcoin price crashed more than 6% to trade to near $62k on Thursday as August began on a painful footing for cryptocurrencies and stocks. On August 1, the global cryptocurrency market cap fell to $2.3 trillion amid an overall 5.7% dump. BTC fell to lows of $62,300 across major crypto exchanges. The declines also hit Ethereum, which traded to lows of $3k and Solana that retreated sharply to touch $160. XRP, Dogecoin and Pepe also experienced sharp declines. Why did Bitcoin, crypto prices fall today? Losses across the crypto market came as the stock market nosedived, with the Dow Jones…
While the cryptocurrency market is stagnant, two whales have invested a significant amount in a memecoin. First, a crypto whale with a short address of 0xbe2 withdrew $2.47 million worth of PEPE tokens via Kraken. With this transaction, the whale’s total PEPE withdrawals via Kraken reached 582 billion tokens. The wallet purchased these tokens for an average price of $0.000008946. The whale’s PEPE tokens are thought to be worth a total of $5.21 million. Despite this large stash, the whale wallet has not made any sales. However, current market conditions have not been favorable for the whale. PEPE assets currently…
A top cryptocurrency analyst and trader is warning that Bitcoin (BTC) could flip bearish if one key support level is lost. The analyst pseudonymously known as DonAlt tells the 61,600 subscribers of the Technical Roundup YouTube channel that if Bitcoin fails to hold $63,000 as support on the weekly chart it could plummet in value. “This was the trigger to be bullish – $60,000 reclaimed… And then it went all the way back to top of the range, actually. And now it’s getting rejected. And the long trigger, the bullishness that you should have from the range reclaim, the $60,000…
TON led gains in the crypto market on Monday as HashKey announced a partnership with popular GameFi project Catizen. DYDX is also up as traders continue to be optimistic about weekly gains in its volume. Bitcoin (BTC), ether (ETH) and most other crypto majors were flat in Asia as the region’s business week began, with the CoinDesk 20 (CD20), a measure of the largest digital assets, down 0.43%. One of the highlights of the Monday session was TON, the digital asset associated with Telegram. The token was up 5.6% as HashKey announced a partnership with the project. HashKey will offer…
In a groundbreaking move for the Bitcoin (BTC) ecosystem, Bitflow has announced the integration of its native swap function into Leather, one of the leading wallets within the Bitcoin network. This integration is set to simplify asset swapping on Stacks for over 370,000 Leather wallet users, effectively addressing user experience barriers that often hinder deeper engagement with decentralized finance (DeFi). With this update, crypto enthusiasts can effortlessly take their first steps into the burgeoning world of Bitcoin DeFi. Streamlining Bitcoin L2 Stacks The integration of Bitflow’s Swap function in Leather is a pivotal development that opens the door for a…
Cardano’s layer-2 scaling solution, Hydra, is making a splash in the blockchain world with its innovative features, and the recent implementation of the classic game Doom is a prime example. Romain Pellerin, the Chief Technology Officer of Input Output Hong Kong (IOHK), took to X to highlight Hydra’s advantages, especially its superiority over ZK rollups. He credits this efficiency to Hydra’s use of the Extended Unspent Transaction Output (EUTXO) model. The main advantage of Hydra is that you don’t need ZK proofs to settle on #Cardano what happened in the head. All of this thanks to the eUTXO model. People…
MicroStrategy (MSTR) reported a second quarter net loss of $102.6 million or $5.74 per share versus income of $22.2 million or $1.52 per share one year earlier. The loss came as the company took an impairment charge on its bitcoin holdings of $180.1 million versus $24.1 million in the second quarter a year ago. Led by Executive Chairman Michael Saylor, the company disclosed July 31 bitcoin holdings of 226,500 tokens, up a handful of coins since the latest purchase announcement in mid-June. Those 226,500 bitcoins were acquired for $8.3 billion or an average of $36,821 per token. At the current…
IOTA is nearing its 10th anniversary and has achieved significant global adoption and technological development. The integration with Ethereum Virtual Machine (EVM) is set to boost IOTA’s DeFi ecosystem with over $30 million in liquidity. According to a tweet by Colin Brown, a blockchain researcher, IOTA, one of the Layer 1 (L1) blockchain projects, is nearing its 10th anniversary. This milestone represents major advances in global adoption and technological development. With real-world applications spanning Kenya, the UAE, the EU, and the UK, IOTA has established a strong presence in the government and enterprise sectors. 🔥 @DomSchiener on #IOTA’s 10-year journey:…
In a lengthy thread on the X social media, Bitwise CIO Matt Hougan predicted that the price of Bitcoin, the leading cryptocurrency, could still be “heading higher” after adding 9,700% over the past 10 years. The cryptocurrency recently came under renewed selling pressure, plunging below the $63,000 level. However, many analysts believe that it could potentially soar into six-figure territory this year. Hougan believes that Bitcoin has value since it offers the ability to store wealth in a digital format without relying on any centralized entity. This can be viewed as any other service of the likes of Salesforce. Instead…
On-chain data shows a particular Bitcoin whale who accumulated almost $400 million between July 30 and 31. This whale is believed to have purchased the flagship crypto, having seen an opportunity to profit massively thanks to Bitcoin’s recent price action. Bitcoin Whale Purchases Almost $400 Million Worth Of BTC On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that a Bitcoin whale (12QVs…oN2qo) has withdrawn 5,800 BTC ($387.88 million) from Binance in the past two days. This purchase suggests the whale anticipates higher prices from the flagship crypto soon enough and is looking to profit from such a…