Author: NBTC

A closely followed crypto analyst says that Bitcoin (BTC) could suddenly plummet in value if one key level is lost as support. In a new video update, crypto strategist Jason Pizzino tells his 332,000 YouTube subscribers that if Bitcoin falls below $53,500, there is cause for concern that the crypto king may be flipping bearish. “We’re still in a slightly stronger stance to then test the 50% level again [at $61,422]… Is it going to be the bulls that take control, get above 50%? Or is it going to be the bears that take control and reject 50% again to…

The spot Ethereum Exchange-Traded Funds (ETFs), launched on July 23, faces dwindling inflows. This trend has started raising concerns among market participants. Beyond inflows, these ETFs are underperforming in volumes, indicating reduced investor interest. Several factors might be linked to Ethereum’s declining prices. The lack of margin availability might account for the reduced inflows into spot Ethereum ETFs. Figures Showing Lowered Interest in ETH ETF Adoption Luke Martin, a renowned crypto analyst and host of the Stacks Podcast, describes current inflows into Ethereum ETFs as “wild.” Highlighting Farside Investors’ data, Martin points out that no major flows and outflows have…

The pseudonymous social media marketing lead of the Shiba Inu developer team known as Lucie has shared her take as to what will help cryptocurrencies to stay afloat by 2026 — she believes that not all the thousands of cryptos in the market are going to make it and remain active and operational by that time. Lucie shared what she believes to be key factors that will help cryptocurrencies survive in the long term. She admitted that memes may no longer play the important role they are playing now in two years’ time. “Let’s see who’s still around in 2026″…

Hong Kong’s financial regulator launched a new sandbox initiative at testing tokenization use cases across asset classes and real-world applications in the financial sector. The Hong Kong Monetary Authority has launched its new initiative dubbed “Project Ensemble Sandbox” in a bid to double down on its tokenization efforts of real-world assets. In an Aug. 28 press release, the HKMA said the initiative aims to test and refine the use of tokenized money for interbank settlements and transactions involving tokenized assets. The sandbox is said to focus on four main themes for its initial round of experimentation: fixed income and investment…

Jean-Marie Mognetti, CEO of CoinShares, shared some thoughts on the state of the crypto industry, especially concerning Bitcoin. In an interview with Thinking Crypto, he pointed out that many crypto asset management companies have been funded heavily by venture capital, with a lot of cash being burned without much focus on profitability. He said that if a company isn’t profitable when Bitcoin is priced at $60,000, it’s hard to imagine when it will be. Mognetti explained that investors are growing tired of supporting businesses that aren’t turning a profit. Discussing the growth of the Bitcoin mining industry, Mognetti opened up…

August 2024 has proven to be a challenging month for Ethereum (ETH), marked by declining network fees, underwhelming ETF performance, and difficulties breaking key price levels. As the cryptocurrency faces significant headwinds, the community and investors question its future trajectory. This article delves into the factors behind Ethereum’s recent struggles and what they mean for its long-term prospects. Ethereum’s Worst Month Since 2020 If analyzing Ethereum’s worst month since the 2020 DeFi Summer, it would be August 2024, particularly concerning network fees. The sharp decline, over 20 times lower than at its peak, is largely attributed to the migration of…

Elon Musk advocates for Tesla to reintroduce Dogecoin payments for merchandise. Tesla previously accepted Dogecoin, but the option was removed. Renewed interest in Dogecoin payments aligns with Musk’s push for crypto adoption. Elon Musk is advocating for Tesla to start accepting Dogecoin (DOGE) as a payment method for merchandise. Musk’s recent comments have sparked excitement in both the crypto world and among Tesla enthusiasts. His ongoing support for Dogecoin (DOGE) is no secret. This latest push might bring significant changes to Tesla’s payment options. BREAKING: @elonmusk CONFIRMS THAT HE WANTS @Tesla TO BRING BACK $DOGE (@dogecoin) PAYMENT OPTION FOR MERCH…

Applications for registration as a cryptoasset exchange or custodian wallet provider have dropped by 51% over the past three years, according to data obtained through a Freedom of Information (FoI) request by global law firm Reed Smith. The Financial Conduct Authority (FCA) reported that only 29 applications were submitted between May 1, 2023, and April 30, 2024. This marks a decline from 42 applications in the previous year and 59 in the year before that. The first quarter of 2024 saw just seven applications, which is the second-lowest quarterly figure recorded in the past three years. The average time for…

Bitcoin analysts are expressing growing optimism about the cryptocurrency’s price prospects following a rebound toward a significant resistance level that previously halted its gains. After testing the 50-day simple moving average support around $63,500, bitcoin has sharply risen, surpassing $67,000 BTC/USDT on Gate.io. It is now approaching a resistance line marked by a trendline connecting the highs from March and April. This descending trendline posed a challenge on Monday and had previously been a barrier in May, proving to be a key level for bulls to overcome. Analysts suggest that this resistance might soon be breached. BTC price catalysts One…

A cryptocurrency address suspected to belong to the ARB Foundation, a non-profit organization reaching out to those struggling with depression, recently transferred a significant amount of ETH to the Binance crypto exchange, striking fears of a potential ETH dump among the crypto community. $ETH dumping?????8 hours ago, a wallet (may belong to #ARB_Foundation) deposited 60k $ETH (~$150.33M) to #Binance.Within 24 hours, he deposited totally 90k $ETH (~$226.02M) to #Binance.Address:https://t.co/zjzY3AsIo7 pic.twitter.com/qVrMTwgWgk — The Data Nerd (@OnchainDataNerd) September 1, 2024 The Data Nerd, an acclaimed onchain tracker on X, noted the wallet deposited 60,000 ETH, equivalent to $150.33 million, on Binance in…