Author: NBTC

Bitcoin (BTC) has crossed the $50,000 threshold, the highest level since 2021, causing an upheaval in the market and drawing the interest of investors worldwide. This rise is attributable to large money inflows into Bitcoin ETFs, a bullish options market, and supportive trends in the futures market. At press time, BTC was trading at $49,763, up 3.40% from the intra-day low. Concurrently, the market capitalization and 24-hour trading volume surged by 3.37% and 53.93% respectively to $975,622,225,763 and $31,647,716,268. BTC/USD 1-day price chart Bitcoin ETF Inflows Boost Confidence The main force that propelled Bitcoin to go beyond the $50K is…

As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period. NFT Sales Surge Past $412 Million in Weekly Market Triumph Data gathered by Cryptoslam.io this weekend reveals that NFT sales over the last seven days amounted to $412,384,130, marking a 35.14% uptick from the sales figures of the previous week. Among the 21 different blockchains analyzed for NFT sales volumes, Bitcoin was…

Ethereum price prediction: ETH has recently outperformed Bitcoin, marking a significant 14% increase within a fortnight. The cryptocurrency recently surpassed the $2,500 mark, a first since May 2022. This breakthrough, fueled by robust fundamentals and growing optimistic market sentiment, sets the stage for Ethereum’s potential climb to the $3,400 level. Ethereum’s Bullish Trajectory and Market Optimism After reaching a multi-week high near $2,716, Ethereum price experienced a slight correction, dipping below $2,600 and $2,550. Despite this, the overall momentum remains bullish. Last week’s ETF approval contributed to a surge in Ethereum’s price, maintaining it above the $2,500 threshold. This upward…

While spot ETF approvals and the expected Bitcoin halving continue to be the focus of 2024, there is also talk of when the FED will cut interest rates. At this point, while the market expects the FED to cut interest rates in March, not everyone has the same opinion. Because one of them was BlackRock. Speaking to Bloomberg, BlackRock senior macro investment strategist Laura Cooper said that they do not expect the FED to cut interest rates in the next few months. Stating that the FED will not start interest rate cuts in March at this point, Cooper said that…

CEO Andy Schectman sees XRP’s low value as a chance for significant wealth growth. Schectman urges adapting to economic shifts like dollarization by incorporating assets like XRP. The CEO advises structuring investments like XRP in the top 10% of speculative assets for wealth building. In a recent podcast conversation with Versan Aljarrah, founder of Black Swan Capitalist, Andy Schectman, the CEO of Miles Franklin Precious Metals Investments, voiced an optimistic stance on XRP, highlighting its potential to offer individuals a rare opportunity for lifelong wealth accumulation. Schectman’s enthusiasm stems from XRP’s current market value, which he perceives as exceptionally low,…

Considering the recent Bitcoin rally, American stockbroker and financial commentator Peter Schiff thinks that this may just be “another classic pump-and-dump” cycle. Bitcoin Rally Drawing New Speculations Earlier on Monday, the price of Bitcoin blew past the $50,000 threshold, marking the highest level the coin has reached in the last three years. The surge triggered a frenzy in the market as investors began to camp around the coin. Much of the rise was attributed to the massive inflows into the spot Bitcoin ETF market over the past week summing up to $1.1 billion. While every other person seems excited by…

Recent data from Cryptoslam.io has shown a significant uptick in the non-fungible token (NFT) market, with sales over the last seven days reaching $412,384,130, a 35.14% increase from the previous week’s figures. This marks the third consecutive week of growth in the NFT sector. Among the 21 blockchains analyzed, Bitcoin led the sales volume with $154.82 million, representing a 103.29% increase. Ethereum followed closely with sales amounting to $153.94 million, indicating a 10.60% growth in ETH-based NFT transactions. Other blockchains, including Solana, BNB Chain, and Mythos Chain, also reported increases in their NFT sales, contributing to the overall rise in…

With the gains starting to propel altcoins, Ethereum (ETH) seems to have had the best performance recently, as its price just reached an 18-month high. The move has prompted analysts to discuss the possibility of ETH attaining the $3,000 target, last reached in April 2022. The current Ethereum trend suggests a sustained upward trajectory. The upcoming quarter has a potential ascent to $3,000, per a post on X from crypto analyst Jelle on January 15. “ETH reached the highest level in 18 months, and it doesn’t look like it’s stopping anytime soon. Expecting $3000 in the coming quarter,” she said.…

Thailand Prime Minister Srettha Thavisin has reaffirmed his government’s commitment to the ambitious $14.3 billion digital wallet handout scheme despite acknowledging the possibility of a delay in its implementation. According to local reports, the Thai Prime Minister confirmed the potential disbursement delay in a press conference on Friday. Notably, the digital wallet program seeks to stimulate the country’s sluggish economy, covering 50 million people. Each is expected to receive 10,000 in local baht, equivalent to $280. The 50 million Thai citizens will receive the payments through a mobile app. However, it is yet to be disclosed whether blockchain technology, such…

Astar (ASTR) founder Sota Watanabe recently announced that the company will be implementing the second version of its token economy next week. This update will reduce inflation by almost half and increase the burn rate. “dApp staking v3 is coming next week. This means that the second version of tokenomics will also be deployed soon. We will almost halve inflation and increase the burn rate,” Watanabe said. According to the statement, Astar’s Tokenomics 2.0 version will offer a sustainable token allocation structure and network fees, as well as a lower inflation rate. According to the statement on the official website,…