Author: NBTC
Ethereum (ETH) slightly recovered in its price today, but whales seem to be putting selling pressure on it. We typically see long-term holders, or whales, being on the bullish side. However, it appears that the tides are turning for ETH, as there was an intense sell-off today. Crypto tracking service Whale Alert has revealed three different transactions, shedding light on these sales from whales. In the first transfer, a whale sent 39,999 ETH from their private wallet to crypto exchange Binance. This transaction is estimated to be worth around a whopping $93.5 million. In the second transfer, another whale transferred…
At the famous Bitcoin 2024 event in Nashville, the Independent Candidate for the US Presidency Robert Kennedy Jr was also present, who expressed his opinions on BTC. For Kennedy, Bitcoin is the change towards financial autonomy and privacy, and regulation should encourage growth. Kennedy in Nashville: Bitcoin is the change and promotes financial inclusion Kennedy in Nashville: regulation should encourage the growth of Bitcoin and crypto The independent candidate for the pro-bitcoin US presidency Kennedy in Nashville: Bitcoin is the change and promotes financial inclusion On the occasion of the famous evento Bitcoin 2024 in Nashville, the Independent Candidate for…
58.15% of top Ethereum traders are holding long positions. CoinGlass’s Long/Short ratio currently stands at +1.392, indicating bullish market sentiment. Ethereum (ETH) could reach the $2,570 level and $2,840 level if it closes a candle above the $2,390 level. In this ongoing market reversal, the Ethereum (ETH) price is poised for a significant rally as bulls are currently dominating the assets. According to the on-chain analytic firm CoinGlass, 58.15% of top Ethereum traders are holding long positions, while 41.85% are holding short positions. Traders Sentiment are Bullish for Ethereum This data suggests that bulls are back and could trigger a…
Sentiment has shifted from bearish to bullish in the cryptocurrency market following a dovish speech by Fed’s chair Jerome Powell. While most cryptocurrencies are seeing increased buying pressure, three digital assets may suffer from impending sell-offs this week. Concerns about crypto selling activity started as on-chain analysts spotted the Ethereum Foundation moving 35,000 Ethereum (ETH) to Kraken. As Finbold reported, the community demanded an explanation for the $100 million worth of ETH on August 23. Notably, Aya Miyaguchi explained that it is a usual treasury management activity within the Foundation’s yearly budget. It is also worth mentioning that the amount…
Trading volume for Bitcoin exchange-traded funds surged to $5.7 billion on August 6, surging from the prior 48 hours as crypto markets experienced heightened volatility. Outflows have since calmed down at $84.1 million, according to data from Coinglass, with net assets remaining at the $48 billion threshold. Bitcoin ETF Heatmap and inflow chart. Source: CoinGlass. The spike in ETF trading coincided with an 8% drop in Bitcoin’s price since August 4. Ethereum saw an even steeper 21% decline after major funds like Jump Trading and Paradigm reportedly sold hundreds of millions of dollars worth of ETH. Alex Thorn, head of…
Crypto analyst Benjamin Cowen, known for his “Into the Cryptoverse” channel, warns that Ethereum’s price could plummet to $1,200 by December. He highlights a wedge pattern in the current cycle, similar to one seen in 2019, but with a significantly longer duration. In a post on social media platform X (previously known as Twitter), Cowen added that Ether has formed a wedge in the current crypto cycle that includes higher lows, similar to the ones during the 2019 cycle but with ~10x the length. Read also: Blockchain Revenue Report: Tron Leads, Ethereum Follows Cowen notes that during the 2019 cycle,…
Injective piques investors’ interest as on-chain developments continue on the platform. These new integrations and information excite investors, bumping the token’s price by over 21%. The continuous positive developments are expected to further steer the INJ on the bullish path. Given the conditions and positive developments of Injective, its investors and traders have chosen the status of INJ as a prime crypto for its native token, providing values to users and traders. ‘Fastest Layer 1 Blockchain’ Slashed Blocktimes To Just 0.65 Seconds Injective recently posted a thread detailing the platform’s most recent achievement: slashing finality times to just 0.65 seconds.…
Senator Chuck Schumer’s “Dear Colleague” letter left cryptocurrency off the latest bipartisan agenda, despite his earlier promise to prioritize it this year. Fox News journalist Eleanor Terrett pointed out that in his latest letter to Senate colleagues, Schumer listed several legislative priorities like rail safety, insulin prices, and artificial intelligence, but left crypto off the table. 🚨NEW: @SenSchumer sent a letter to his Senate colleagues where he mentioned priorities for passing bipartisan legislation in the remaining months of Congress. Cryptocurrency legislation was not mentioned, but artificial intelligence was. This, despite his adamance in the… pic.twitter.com/d0io7iWh75 — Eleanor Terrett (@EleanorTerrett) September…
Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company providing off-grid “wild” mining services, has declared that wars will be fought over Bitcoin blockspace. In a recent interview, Burnett stated that as bitcoin becomes critical to companies and nation-states, the value of Bitcoin blockspace will be treated as an essential scarce commodity. Barefoot Mining CEO Bob Burnett States Bitcoin Blockspace Will Be ‘Financialized’ in the Next 15 Years Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company that provides off-grid infrastructure and services, believes the financialization of the Bitcoin blockspace will solve the network’s sustainability problem. At the…
Portfolio trackers are shifting from simple price tracking tools to those that include more functionalities such as analysis and news services. Each tracker targets distinct users and their necessities, including ecosystem affiliation (Crypto Pro for Apple), and a single source of investment information (CoinMarketCap). Additional facilities such as real-time monitoring, multiple exchange compatibility, and data security are becoming mainstream among the most robust portfolio trackers. This article explores five Ethereum wallets, renowned for their innovative features and robust security measures. They enhance user control over Ethereum-based assets and seamless integration with DeFi. MetaMask: The Swiss Army Knife of Ethereum Wallets…