Author: NBTC
In the midst of the BTC ETF application uproar, Michael van de Poppe, a well-known crypto analyst, notified the crypto community that Ethereum is approaching the low of 2022 and speculated that it is likely to take liquidity there. The crypto analyst further mentioned that if the BTC ETF is approved, a liquidation candle may develop on the ETH/BTC chart, followed by a rotation into Ethereum combined with a bullish weekly divergence. Observing the past price action momentum, van de Poppe observed that Ethereum performed very well in the first quarter of every year. He also stated that the bullish…
The adoption of tokenized investment funds is on the rise – but the technology providers have a “limited track record,” contributing to increased risk, a Monday report by credit-rating agency Moody’s Investor Services warned. Tokenized funds are investment funds whose units are digitally represented with the use of distributed ledger technology (DLT), which powers crypto. Asset or fund tokenization is having a moment as financial institutions worldwide attempt to improve market liquidity, efficiency and transparency. The growing adoption of tokenized funds – mostly fueled by the tokenization of funds that invest in government securities like bonds – signals untapped market…
XRP, an eminent cryptocurrency backed by Ripple Labs, birthed a hurricane of speculations across the broader crypto market recently, as the token noted noteworthy whale transactions today, February 9. As per on-chain insights spotlighted by the blockchain tracking platform Whale Alert, two massive whale transactions collectively shifted a staggering 57.75 million XRP to two CEXs, Bitstamp and Bitso. Meanwhile, the token’s price jumped substantially today, contrasting with the whale’s massive selloff. Simultaneously, Ripple’s extension of the deadline for remedies-related discovery in the XRP lawsuit for a week appears to have birthed additional inferences for the price action of the Ripple-backed…
Considering the seemingly unstoppable momentum in Bitcoin price action, a new all-time high on the BTCUSD trading pair is less than 2% away. Meanwhile, due to the supply of new BTC unlocked since 2021, the BTC market cap chart has reached a new all-time high above $1.3 trillion. BTC Market Cap Sets New Record ATH Crypto bulls have something to celebrate today, even if BTCUSD doesn’t make a new all-time high just yet. That’s because the market cap chart has, and the total value of the Bitcoin network is currently around $1.33 trillion. The previous peak was squarely set at…
After Bitcoin (BTC) last week initiated a bullish streak that has led it to surpass an important psychological price level at $48,000, further, stronger gains could be in store as the flagship decentralized finance (DeFi) asset has entered a ‘Boom’ phase. Specifically, Bitcoin has left the “Green Triangle at the ‘Get Ready’ phase” and started its movement in the ‘Boom’ phase, which could send it to $130,000 and beyond this year, according to the analysis shared by pseudonymous cryptocurrency expert Trader Tardigrade in an X post on February 12. As it happens, this move is taking place as Bitcoin’s weekly…
An anonymous individual purchased a CryptoPunks NFT for over $16 million worth of cryptocurrency on Monday, in the second-largest transaction for a CryptoPunk ever recorded. For a whopping 4,500 ETH—worth $16.03 million at the time of sale—an Ethereum user whose identity has yet to be revealed purchased CryptoPunk #3100 just after 9:30 am EST this morning. The user’s wallet was created only four days ago, and used exclusively to purchase the NFT. CryptoPunk #3100 is one of only nine Alien Punks in the entire 10,000-piece CryptoPunks collection. Due to that rarity, Alien Punks have garnered some of the highest bids…
Despite ETHBTC trending lower in favor of Bitcoin (BTC), there is a chance that the second most valuable cryptocurrency will recover in the months ahead. Taking to X in support of Ethereum (ETH), a crypto analyst, Mckenna, said a favorable combination of protocol-related and regulatory factors may support ETH, plugging the bleed versus BTC and sparking a refreshing rally. Ethereum Under-performing Bitcoin: Will This Continue? Looking at the ETHBTC weekly chart, it is evident that Bitcoin bulls have had the upper hand since August 2022. During this time, Bitcoin gained 42% versus ETH, with bulls pressing on when writing. To…
Crypto.com recently announced the listing of Dymension (DYM), a modular blockchain token, stirring interest within the crypto community. The listing on Crypto.com makes DYM accessible to a wider audience, as the exchange supports purchases with over 20 fiat currencies. The move is expected to increase the token’s trading volume and visibility in the market. Dymension ($DYM) is now listed in the https://t.co/A7lhUEyoao Exchange!💰Trade DYM easily with USDSign up to the Exchange 👉 https://t.co/GBTPzwV3F0 pic.twitter.com/EoxUPevCEV — Crypto.com Institutional (@Cryptocom_Insto) February 9, 2024 The latest development follows Dymension’s significant price surge, where its value increased by 100% in just two days, with…
Fox Business reporter Eleanor Terrett confirmed that 2024 would remain a ‘no Super Bowl crypto ads’ year, with no crypto platforms investing in crypto advertisements. The reporter added that all 11 Spot Bitcoin ETF issuers would stay silent during this year’s Super Bowl LVIII. My reporting confirmed. No crypto ads this year including nothing from the eleven $BTC Spot ETF issuers.I couldn’t have predicted the @jack Satoshi shirt though. 😂 https://t.co/zAIcSWE3fc — Eleanor Terrett (@EleanorTerrett) February 12, 2024 Terrett’s X post reiterated yesterday’s Fox Business report that shed light on the stance of crypto companies, including Kraken and Coinbase, on…
In the cryptocurrency market, the buzz around Bitcoin ETFs (exchange-traded funds) has been monumental. Yet, when it comes to Ethereum, the second-largest crypto by market capitalization, the excitement seems muted. According to industry leaders, a combination of market dynamics, investor understanding, and the unique attributes of Ethereum itself may be the reason behind it. Institutional Interest in Ethereum ETFs Raoul Pal, CEO of Real Vision, highlighted a crucial difference between Bitcoin and Ethereum. “Ethereum offers a broader-based technology bet and yields that Bitcoin does not,” he stated. This distinction is vital for institutional investors, who are not just looking for…