Author: NBTC
As Ethereum’s price experiences a temporary dip, a notable trend has emerged, indicating potential long-term implications for the cryptocurrency’s value. Rising whale transactions, particularly among large Ethereum holders, have sparked interest among analysts and investors as a potential indicator of Ethereum’s future price trajectory. In recent weeks, Ethereum’s blockchain has witnessed a surge in whale transactions, which are large transfers of ETH carried out by entities holding significant amounts of the cryptocurrency and are often greater than $100,000. The rising number of whale transactions on Ethereum’s blockchain is being viewed by some analysts as an indicator of the cryptocurrency’s long-term…
CoinMarketCap reports a 3.05% drop in BNB’s market valuation during the last 24 hours. The price and market capitalization of Solana are both in green, with price rising by 8.41%. In keeping with the ecosystem’s ongoing expansion, Solana (SOL) has surpassed Binance coin (BNB) in market capitalization to become the world’s fourth biggest cryptocurrency. True enough, the two assets have been trading places, with CoinMarketCap reporting a 3.05% drop in BNB’s market valuation during the last 24 hours. Solana has had a remarkable few weeks, and the latest milestone is only the latest in that stellar streak. According to DefiLlama,…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the past decade, the global interest in women-led/owned businesses has risen, leading to solid community-building movements and the creation of innovative solutions for this growing market. You might also like: Blockchain projects in MENA region depend on its fusion with RWA | Opinion Despite the availability of solutions, cross-border trade remains a significant challenge for women-led small and medium-sized enterprises (SMEs) in the Middle East and North Africa, the MENA region, and sub-Saharan Africa. This challenge…
As the fourth Bitcoin (BTC) halving gets closer, some experts believe the event could lead to centralization risk, threatening the blockchain network. Once every four years, the block reward for Bitcoin miners is cut in half to help the asset maintain its scarcity. The event is called halving. Historically, miners have stayed fully operational and even grown in number over the last three compensation cuts thanks to the rising BTC price. However, many wonder if the BTC price is high enough for miners to remain operational or if it would face centralization and even existential risks after the fourth halving…
Recent data from Santiment indicates a significant rebound for Ethereum over the weekend, as the cryptocurrency surged past $3,600. This upward trajectory follows a brief downturn, where ETH price experienced a drop of up to 25% between March 11 and 19. Despite this setback, Ethereum’s resilience is evident as it continues to showcase strong performance. A notable development contributing to Ethereum’s bullish outlook is the surge in the number of ETH addresses holding coins, reaching an all-time high of 118,230. Additionally, the midterm market value to realized value (MVRV) ratio has displayed a subtle bullish signal, further bolstering investor confidence.…
Shiba Inu has emerged as one of the top-performing digital assets this year, surpassing crypto market giants like Bitcoin and Ethereum. Notably, this milestone occurred amid the Shibarium, reaching a record number of transactions. Shiba Inu Outperforms Bitcoin and Ethereum Despite receiving less attention, Shiba Inu has silently surpassed Bitcoin and Ethereum price performance this year. Since the year’s onset, Bitcoin has surged by an impressive 64%, reaching a new all-time high of over $73,000. This surge is largely attributed to the launch of spot Bitcoin exchange-traded funds (ETFs) in the US, which have seen unprecedented demand. Similarly, Ethereum has…
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As Bitcoin (BTC) resumes its meteoric rise, retesting the $71,000 price point, MicroStrategy chairman Michael Saylor’s unwavering confidence in the digital asset remains unshaken. In an X post that drew attention from the crypto community, Saylor stated, “still betting on Bitcoin.” Still betting on #Bitcoin… — Michael Saylor⚡️ (@saylor) March 25, 2024 Bitcoin, the first and largest cryptocurrency by market value, surpassed $71,000 once more, as investors discounted last week’s outflows from U.S. exchange-traded funds. Almost $900 million were pulled from Bitcoin ETFs in the last week, showing ongoing outflows from Grayscale Bitcoin Trust as well as a slowing in…
According to Bitwise’s Chief Investment Officer, Matt Hougan, the Securities and Exchange Commission (SEC) is considering a delay in approving highly anticipated Ethereum exchange-traded funds (ETFs). This development comes on the heels of Bitwise Asset Management’s intention to list a spot Ethereum ETF. Potential Ethereum ETF Approval Delay Bitwise launched its spot Bitcoin ETF, the Bitwise Bitcoin ETF (BITB), on January 11. Since then, the ETF has seen a meteoric rise, amassing over $2 billion in assets and ranking fifth in the so-called “Cointucky Derby.” Hougan shared insights into the explosive growth of BITB and other spot ETFs, underscoring their…
Based on the latest metrics, the cryptocurrency landscape has experienced a widespread but modest downturn. Yet, the digital asset solana has risen by 12.2% in the last 24 hours and 43% against the U.S. dollar over the past week. Currently, solana surpassed the $200 mark per coin as it closed in on BNB’s market capitalization. Solana Defies Market Trend With Impressive Gains The native cryptocurrency of the Solana layer one (L1) blockchain network, solana (SOL), has witnessed significant growth in its value recently. In the last month alone, SOL has risen by 85%, and looking at the past year, it…