Author: NBTC
Bitwise, a crypto index fund manager, has forecasted a bullish price for Bitcoin that would take it past its current all-time high. Bitcoin is currently in a bullish sentiment, and the price has doubled this year. But according to this fund manager, this sentiment will continue into next year. In a recently released report, Bitwise predicted BTC will hit $80,000 in 2024, identifying two major catalysts that will send the crypto soaring. Bitwise Predicts $80,000 Bitcoin In its report, Bitwise laid out 10 things to look out for in the crypto industry in 2024, one of which included the crypto’s…
A recent report has revealed an upcoming significant event that will see the expiration of a notable amount of Bitcoin (BTC) and Ethereum (ETH) options contracts. Bitcoin And Ethereum Options Contract Set To Expire Global options trading service platform Greeks.live, took to X (formerly Twitter) to share data regarding the expiration of the crypto assets. According to the platform, about 37,000 BTC options with a notional value of $1.58 billion are set to expire. In addition, Bitcoin’s current put-call ratio stands at 1.02 with a “Maxpain” point of $42,000. Meanwhile, for Ethereum, the data shows that about 268,000 options valued…
Renowned crypto analyst Michael van de Poppe has recently shared his insights on Ethereum potential trajectory, projecting an upward trend despite temporary pullbacks. His analysis points toward a significant rise in Ethereum’s value, suggesting a bullish market as we move into 2024. According to Van de Poppe, Ethereum’s current market movements indicate an enduring upward trend. Despite potential corrections, possibly even dipping to around $1,900, Van de Poppe remains confident about Ethereum’s robustness. Ethereum Technical Indicators: A Closer Look At The Upward Trend Delving deeper into Ethereum’s market behavior, Van de Poppe’s analysis brings attention to ETH’s “positive support and…
Crypto.com supports Cronos Chain, and the L1 network is now going live on the zkSync hyperchain network. The development takes the network live on Ethereum to embrace ZK Stack. Cronos zkEVM testnet comes with a DeFi TVL of $350 million. It has been defined as a significant scalability milestone. The overall objective is to boost mass adoption. The association entails a total of three benefits. These include access to the Ethereum ecosystem, free flow of liquidity along with users, and liberty to customize the solution. To begin with, the ecosystem’s free flow, users, and liquidity will be empowered to exchange…
Due to some court rulings not agreeing with the agency’s opinion, the Securities and Exchange Commission (SEC) has been compelled to reconsider its viewpoint regarding the spot bitcoin ETF applications. For some time now, The SEC, working under its head, Gary Gensler, has refused to grant its consent for the applications. A case in point is that of Grayscale Investments. In August 2023, the US Court of Appeals for the DC Circuit passed a ruling that mentioned that the SEC must rethink Grayscale Investments’ application related to spot bitcoin ETF. The decision was taken following Grayscale suing the SEC following…
A crypto analyst who correctly predicted that Bitcoin would hit the heights it is currently enjoying has once again given projections as to Bitcoin’s future trajectory. As part of his predictions, he highlighted the best and worst-case scenarios for the flagship cryptocurrency going forward. Bitcoin Could Ride To $60,000 In a live stream on his TechnicalRoundup YouTube channel, crypto analyst DonAlt noted that Bitcoin could rise to the resistance level of $60,000 based on historical patterns. The analyst had highlighted a bullish setup on the quarter timeframe, which had occurred both in 2018 and 2021. He also mentioned that the…
Filecoin recently announced the completion of its Watermelon Upgrade (nv21). The announcement was made on one of the official X/Twitter accounts of Filecoin. The tweet read that nv21 (network version 21) will deliver FVM improvements, protocol enhancements, and new features to simplify SP operations. Two of the most major changes that will improve data onboarding on the platform are: Increased maximum sector commitment to 3.5 years Adding Synthetic PoReps The proposal FIP-0052 stated that Filecoin will increase the maximum sector commitment from 1.5 years to 3.5 years. Before the upgrade, SPs were required only to commit sectors for 1.5 years.…
On-chain data shows Ethereum has successfully found a rebound at a major support zone, a positive sign for the asset’s exploration at higher levels. Ethereum Recently Made A Retest Of A Strong On-Chain Support Zone In terms of on-chain analysis, the potential of any particular price range to act as support or resistance lies in the total number of investors who bought their coins inside said price range. The reason behind that is the holders are more likely to react whenever the price retests their cost basis or acquisition price, which is obviously an important level to them since it…
Ethereum has seen its deflationary status once again in the limelight as the network continues to see a significant decline in the number of ETH tokens in circulation. This comes on the back of the belief that the bull run and some other factors could help uphold this trend. More ETH Goes Out Of Circulation According to data from Ultrasound Money, Ethereum has seen a decrease in its circulating supply in the last seven days, with over 14,160 ETH going out of circulation. This is a result of over 30,700 being burned during this period while only just over 16,500…
Starknet has announced that v0.13.0 is now live on testnet, adding that it comes with two crucial aspects, namely V3 transactions and transaction fee reduction. The objective is to pave the way for features that will make an appearance in the future. This includes Paymaster, Fee Market, and Volition Mode. The idea behind V3 transactions is to enable users to leverage their STRK holdings. They will be utilized to make payments for transaction fees. Ether is the currently accepted token, and the native token will be added to that list. Notably, STRK can be used only after it becomes transferable.…