Author: NBTC
While Bitcoin (BTC) reached an all-time high on some cryptocurrency exchanges today, altcoin whales did not remain idle. A whale known by the short wallet address 0x81d deposited all 55.13 million PEOPLE tokens (equivalent to $2.84 million) to Binance at an average price of $0.05156 per token. PEOPLE price is down approximately 16% in the last 24 hours and is trading at $0.04681 at the time of writing. Interestingly, the same whale had withdrawn these PEOPLE tokens from Binance on March 2, 2024 at an average price of $0.04987 ($2.75 million in total). If he had sold now, he would…
In a partnership between Transak, a leading web3 payments and onboarding solutions provider, and BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, millions of users across the world now have access to a high purchase ceiling on their crypto buys. BitPay users can buy large amounts of more than 175 supported digital assets at some of the industry’s most competitive prices. Cryptocurrency investors often face restrictions in the amount of crypto they can purchase in a single transaction. This limitation can be a significant deterrent to purchase crypto owing to a poor experience and the inability to…
While all eyes are on Ethereum ETFs after the SEC’s spot Bitcoin ETF approval, the possibility of approval for ETH ETFs is decreasing day by day. At this point, while the approval probability of spot Ethereum ETFs was priced at 35%, Blofin analysts evaluated the decrease in the approval probability of spot Ethereum ETF and how the ETH price could be affected by this situation. Listing the hurdles to the ETH ETF process, Blofin analysts said that the likelihood of spot ETH ETFs receiving approval is significantly reduced due to factors such as the negative effects of the PoS mechanism,…
Crypto investment products registered $2.7 billion in inflows over the last week, a new weekly record, according to a report from asset management firm CoinShares. This capital injection has propelled the year-to-date total flow to $10.3 billion, nearing the all-time high of $10.6 billion recorded for the entirety of 2021. Bitcoin has been the primary beneficiary, attracting $2.6 billion and accounting for 14% of the total Assets under Management (AUM). The trading turnover for digital assets has also seen a substantial increase, reaching a new high of $43 billion this week, a considerable jump from the previous record of $30…
Nearly two years after LUNA collapsed from over $80 to less than a cent, erasing $60 billion in value and triggering a crypto-wide bear market, the new version of the cryptocurrency made a surprise rally on Tuesday, jumping 77% in just two hours. Don’t get too excited (or concerned)—LUNA, the rebooted version of the original native token of the now-defunct Terra ecosystem (now called Luna Classic, or LUNC), is nowhere near returning to the original LUNA’s position of dominance. It did jump today from $0.83 to $1.47, however, on marginally encouraging news about Terra’s currently incarcerated founder, Do Kwon. But…
In an exciting development for the world of cryptocurrency and fintech, Alchemy Pay has announced its collaboration with AI Analysis Group. Alchemy Pay is a leading fiat-crypto seamless payment service provider. Together, they plan to introduce a groundbreaking new product called the AIA crypto card. Leveraging #AlchemyPay’s Crypto Card Issuance solution, @AiAnalysisGroup introduces its branded physical AIA crypto card, enabling users to enjoy effortless payments, with the flexibility to use this card at any Mastercard-accepted locations.https://t.co/d17igNeO2k$ACH pic.twitter.com/3Bnhx9saF5 — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) March 12, 2024 Seamless Funds Access with Alchemy Pay and AI Analysis This partnership brings together…
Bitcoin mining stocks have struggled in recent weeks despite BTC’s relentless price rally. Market concerns related to the upcoming bitcoin halving are the main reason, segment observers noted. The halving is expected to occur in late April, at a block height of 840,000. Mining behemoth Marathon Digital — with a standout energized self-mining hash rate of 28.7 exahashes per second (EH/s) — was down 20% from a month ago, as of 12 pm ET Wednesday. Read more: BTC price dips after all-time high. Where is it headed next? The stock prices of rival companies Riot Platforms, Bitfarms and Bitdeer also…
Ethereum, the second-largest cryptocurrency, has quietly risen above $4,000, reaching its highest level since November 2021. ETH reached an intraday high of $4,093 on Tuesday before falling. At the time of writing, ETH was down 0.37% in the last 24 hours to $4,006. At current prices, ETH is currently 17.51% away from its all-time high of $4891, set in November 2021. While eyes are peeled to determine Ethereum’s next move; enthusiasts expect ETH to take on its all-time highs of $4,891 and subsequently the $5,000 level. According to crypto analyst Ali, Ethereum’s path to $5,000 looks increasingly clear as resistance…
Grayscale Solana Trust (GSOL) experienced a remarkable market surge, with its share price soaring to $540, far outpacing the Net Asset Value (NAV) per share of $55.48. Despite a slight 0.05% daily uptick in NAV, the trust’s market valuation indicated a robust investor interest, with Assets Under Management (AUM) totaling nearly $49.5 million. This significant market price premium over NAV has become a focal point for stakeholders in the cryptocurrency domain, signaling potential shifts in institutional investment strategies. Grayscale Solana Trust Performance Chart (Source: Grayscale Solana Trust) Speculation is rife within the investment community as market participants attempt to decipher…
On-chain data shows that the majority of Shiba Inu holders are profitable as the asset continues to record shocking gains in the past few days. Shiba Inu Performance Shiba Inu has emerged as one of the leading performers in this unfolding bull season. At press time, Shiba Inu’s 24-hour peak stands at $0.00004533 following a 78.3% rally. The asset broke the bull market doors barely ten days ago when it traded in the $0.000009 range. Since then, it has recorded over 350% gains, tripling holders’ investment portfolios. Updated statistics from market intelligence platform IntoTheBlock have underscored the substantial number of…