Author: NBTC
Nearly 270,000 BTC have been acquired at an average cost of $48,491, as analysis by IntoTheBlock shows. Some holders might liquidate their stash as they break even on their position. Bitcoin (BTC) has seen a near-90-degree recovery from $38,500 to $48,000 in three weeks, alongside notable inflows into spot BTC exchange-traded funds (ETFs) and a record bullish move in stocks. Analysts expect prices to top $52,000 in the coming weeks and eventually rally well above $100,000 by the end of the year. However, according to on-chain analysis by IntoTheBlock, the bullish momentum could encounter resistance near $48,500 in the short…
While Bitcoin fell to $ 45,000 after the fake ETF news, some altcoins diverged positively from the market and started to rise. One of these altcoins was Ethereum. While Ethereum attracted the attention of investors with its rise, whales also began to collect ETH. According to Lookonchain’s post, a whale started buying ETH from Binance again. Accordingly, this whale received 9,705 ETH from Binance, deposited them in Comnpound and borrowed 12 million USDT to buy more ETH. This whale closed two of his three ETH trades profitably and made a total profit of approximately $5 million. “A whale is buying…
In an electrifying turn of events in the crypto market, the price of COTI (COTI) token has skyrocketed by 55.12%, now trading at $0.1052. The 24-hour trading volume of COTI has also seen an unprecedented increase of 776.68%, reaching $94,173,153, with its market capitalization growing by 54.68% to $159,079,028. This surge comes on the heels of the successful integration of the Multi-Party Computation (MPC) protocol into COTI’s technology stack, marking a significant leap towards COTI 2.0—a privacy-centric Layer 2 solution on . This achievement signifies a critical milestone in the development of COTI V2, reflecting the project’s ambitious goal to…
Digital asset strategist at VanEck and Tether Gabor Gurbacs shared his opinion on whether the mysterious Bitcoin creator Nakamoto remains alive now. Gurbacs also revealed “one of the best things Satoshi did” for the Bitcoin community. “Is Satoshi still alive?” Here’s Gurbacs’s theory Gabor Gurbacs took to the Twitter/X social media platform to tweet what he believes to be “one of the best things Satoshi did” for Bitcoin and therefore for its community in general. According to VanEck’s executive, it was Satoshi Nakamoto’s disappearance from the nascent cryptocurrency stage. It is thanks to Satoshi’s choosing to go disappear that Bitcoin…
Ethereum (ETH) is currently trading in the green, defying the broader market trend. According to CoinMarketCap data, ETH is trading at $2,407.35 with a 4.6% surge in value over the last 24 hours. World Of Charts, a prominent analyst on X, recently shared insights on Ethereum’s current trend. According to the analyst, Ethereum is consolidating within a bullish pennant. In the event of a successful breakout, analysts predict a significant move towards the $3500 mark. Crypto trader Skew echoed this sentiment, emphasizing the importance of the $2320–$2382 range as a strong resistance zone. Notably, this level has witnessed multiple rejections,…
Pro-XRP lawyer Bill Morgan has raised a pertinent question regarding Ripple’s potential Initial Public Offering in the United States. Attorney Morgan raised the question in response to predictions from Wall Street financial expert Linda P. Jones, who forecasted that Ripple’s much-anticipated IPO might occur in May 2024. “I think there’s an opportunity if Ripple wants to go public next year. Mid-May would be an ideal time, right around May 15,” Jones said in an interview with Linqto. Notably, Jones’ opinion was also shared by online betting platform Dinobet.io in a tweet last year. The official X handle quizzed whether Ripple’s…
The Hard Fork that removed the Shielded Pool feature, a major milestone for the Horizen (ZEN) ecosystem, was successfully activated at Block Height 1502800 on the Horizen mainchain earlier today. Horizen Completes Hard Fork: ZEN Moves Away from Privacy Token Status With this development, it has now become official. ZEN is no longer classified as a privacy token. Hard fork uygulamasının ardından, Shielded Pool’u içeren tüm işlemler reddedilecek ve ileriye dönük olarak yalnızca şeffaf işlemler (t -> t) kabul edilecek. Özellikle, madencilik havuzları beklendiği gibi çalışmakta ve düzenli madencilik etkilenmeden devam etmektedir. This achievement is the result of a community-driven…
Bitcoin has been on an upward trajectory for a while now, witnessing a significant rally within the broader crypto market and reaching the $64,000 threshold on Sunday, as analysts have identified trends that could decide the asset’s next direction. Bitcoin Poised To Witneesed A Rally Or Dip In Short Term Cryptocurrency analyst and trader Ali Martinez has taken to the social media platform X (formerly Twitter) to share his insights on Bitcoin’s price action in the short term with the crypto community. Martinez has spotted an area that could either lead to an uptick or a correction. Ali Martinez highlighted…
Bitcoin’s (BTC) price has garnered significant attention recently as it edges closer to the $50,000 mark, driven by a bullish weekly divergence. Top crypto analyst Michaël van de Poppe took to X (formerly Twitter) to highlight Bitcoin’s impressive trajectory, noting its recent break above the $48,000 barrier. The renowned analyst remarked that the Bitcoin price is looking at the resistance, highlighted by a massive weekly candle that had pushed Bitcoin back above $48,000. He expressed his interest in seeing what the price would do around $50,000 in the upcoming 1-2 weeks, thereby underscoring the critical resistance level that Bitcoin faces.…
Ethereum has recently witnessed a notable uptick, with its value ascending towards the $2,400 threshold, mirroring Bitcoin’s stable position above $46,000. This surge comes at a crucial time, just as the market anticipates the SEC’s imminent decision today. The anticipation has brought a spike in purchasing interest, sending the ETH price towards a critical test of its resistance level. Despite this momentum, current on-chain data indicate that Ethereum may encounter a downward adjustment at this key resistance point. Additionally, declining interest from large-scale investors, or ‘whales’, could potentially slow down Ethereum’s ability to follow Bitcoin’s upward trajectory. Heavy Liquidation As…