Author: NBTC
XRP is down nearly 4% in the last 24 hours, with the recent crash coinciding with an enormous whale movement from Ripple. The recent XRP price drop is a product of a broader crash affecting the entire crypto market. Amid the turbulence, market tracking resource Whale Alert recently spotlighted the movement of 200 million XRP worth $118.9 million from a Ripple wallet to an unknown address, “rP4…xv3.” Whale Alert on X Details of the Transactions Data from XRPL explorer Bithomp confirms that the transaction occurred yesterday at 19:30 UTC, with the recipient address “rP4…xv3” also belonging to Ripple. Following this…
Crypto is a shifting and complex space. As it matures, analysts and enthusiasts are constantly seeking ways to understand and predict Bitcoin’s behavior. One intriguing concept that has gained attention is the Bitcoin power law. This statistical model attempts to shed light on Bitcoin’s long-term price trajectory, sparking both excitement and controversy within the crypto community. At its core, the Bitcoin power law is a mathematical relationship between Bitcoin’s price and time. It works by plotting historical price data on a logarithmic scale, specifically looking at the log of price versus the log of time. This data is then fitted…
In a significant development in the sector of MEV bots, an exclusive transfer witnessed a massive yield from only $100. A popular blockchain analytics firm Arkham disclosed that a bot going by “0x12F” conducted a timely trade through Uniswap, resulting in the exploitation of an illiquid pool for a huge yield in COMBO tokens. This bot just turned $100 into $37K INSTANTLYMEV Bot 0x12F purchased $37K of COMBO tokens with only 0.05 ETH.It could do this because one unlucky user had just sold $37K of COMBO into an illiquid Uniswap pool – and received only $27 in return.The bot paid…
The Tron blockchain has reduced gas fees on SunPump by 50%, with Justin Sun encouraging users to take advantage of the platform’s low transaction costs. The controversial crypto executive hinted at further developments aimed at boosting daily transactions and increasing market share. SunPump has quickly gained attention, offering a platform for token generation that is beginning to overshadow Solana’s Pump.fun. Tron Reduces Gas Fees By 50%on SunPump Justin Sun shared the news in a Tuesday announcement, following up on a commitment he made last week to lower fees and raise the energy cap without affecting profitability. As of August 22,…
Bitcoin’s price has finally found support and is demonstrating a rapid recovery. Yet, there is still one major obstacle it needs to break through. Technical Analysis By TradingRage The Daily Chart On the daily chart, the BTC price has experienced a massive drop since getting rejected from the $68K resistance level. However, the decline has come to a halt at around the $50K mark, and the market has since spiked back above the $60K resistance level. Currently, the price is testing the 200-day moving average, which is located around $61K. For BTC to continue its bull run, the 200-day moving…
On the 6th of September, the US market of exchange-traded funds saw another day with huge outflows. Spot On Chain, a famous on-chain analytics provider, revealed that the Bitcoin ETFs witnessed a massive $170M in outflows while Ethereum ETFs recorded $6M in withdrawals. The analytics platform took to its official X account to offer insights into the present outlook of the ETF market. 🚨 US #ETF 06 SEP: 🔴$170M to $BTC and 🔴$6M to $ETH🌟 BTC ETF UPDATE (final): -$170M• None of the US Bitcoin ETFs have seen any inflows for 2 consecutive days.• The total flow for the week…
FLOKI’s 24-hour trading volume surged to $492 million, outpacing SHIB and WIF. Integration with DWF Labs Liquid Markets attracted institutional investors, boosting FLOKI’s volume. FLOKI’s innovative ecosystem and community engagement are reshaping the memecoin landscape. FLOKI has made a significant leap in the crypto market. In just 24 hours, its trading volume soared to an impressive $492 million. This surge has outpaced both Dogwifcoin (WIF) and Shiba Inu (SHIB), which recorded volumes of $408 million. But what fueled the latest performance? 🚨 JUST IN: $FLOKI ( @RealFlokiInu ) flips $WIF and $SHIB in 24 hour trading volume🟧 @RealFlokiInu 24h Volume…
After undergoing a flash crash, the price of Bitcoin (BTC) has made a significant recovery, with analysts maintaining that the maiden cryptocurrency is destined for a further bull run. Particularly, in a TradingView post on August 8, Alan Santana offered a comprehensive outlook on Bitcoin’s potential price trajectory, drawing attention to key indicators and patterns. According to the expert, Bitcoin’s monthly Relative Strength Index (RSI) is currently at 57.59. While this reading generally indicates a bullish trend, Santana warned that the RSI’s downward trajectory could spell trouble for Bitcoin in the short term. Historically, an RSI in the bullish zone…
On September 6, Jesse Pollak, the lead developer of Coinbase-backed Ethereum Layer-2 network Base, announced that three congressional candidates had begun accepting cryptocurrency donations through the platform. Although Pollak did not disclose their names, this move highlights the growing acceptance of crypto donations in the current election cycle. Crypto Donations Gain Momentum via Base Pollak mentioned that Supportcrypto.org, a website run by Digital Democracy, onboarded the congressional candidates. Supportcrypto.org allows users to donate using over 240 cryptocurrencies, including Bitcoin and Ethereum, or through credit card payments. The platform claims that crypto donations are faster, more secure, and comply with US…
A crypto pundit calls for patience among Shiba Inu proponents, spotlighting the time it took Dogecoin to rise to significant success. Shiba Inu (SHIB) caught the attention of the broader crypto community following its meteoric surge in the 2021 bull run. Launched in August 2020 by Ryoshi, SHIB quickly skyrocketed to become the second-largest meme coin by market cap. In doing so, Shiba Inu surpassed the expectations of many, including Ethereum founder Vitalik Buterin. Shiba Inu Rich History Its astronomical rise, which transformed a $12 investment to $1 million in just over a year, has triggered optimism of a repeat.…