Author: NBTC
Crypto exchange Coinbase (COIN) is set to benefit from the U.S. Securities and Exchange Commission’s (SEC) approval of spot bitcoin exchange-traded funds, investment firm Wedbush said in a report on Thursday. Wedbush maintained its outperform rating on Coinbase, and raised its price target on the stock to $180 from $110. Coinbase shares were trading 3% lower at $146.61 at time of publication. “COIN’s future results are bound to benefit from the SEC’s bitcoin ETF approvals, given the company’s dominant role in these ETFs, ETFs facilitation/unlocking of increment institutional investing in crypto assets (now under 10%), as well as recent legal/financial…
The Dogecoin (DOGE) community finds itself abuzz once again, contemplating the possibilities of the meme coin’s journey to Mars, with a post on X from MyDOGE CEO Jordan Jefferson. MyDOGE CEO’s speculative post Accompanied by a striking image of the famous Dogecoin logo floating in space, Jefferson declared the coin as the”Future currency of Mars.” This seemingly harmless statement sent ripples through the crypto market, sparking fervent discussions and fueling speculation about the meme coin’s prospects. Future currency of Mars pic.twitter.com/pBQP95uSF8 — Jordan Jefferson (@MyDogeCEO) February 8, 2024 The response from Jefferson’s followers was immediate and overwhelmingly positive. One enthusiast…
On Saturday, Feb. 10, 2024, bitcoin’s price soared beyond the $48K mark, reaching heights unseen since prior to Dec. 28, 2021. On Sunday, the leading digital currency maintained its robust momentum, consistently staying above the newly established price level. Over the last 24 hours, the crypto asset’s value has risen by over 2.6%, and it has gained more than 12% relative to the U.S. dollar in the past week. Bitcoin’s Remarkable Week: From $43K to $48K Bitcoin (BTC) has shown remarkable performance this week against the U.S. dollar, climbing from the $43K bracket to its present $48K valuation. In the…
On-chain data shows the largest of the Ethereum whales have continued to buy more recently as their supply sets another new all-time high. Largest Ethereum Wallets Have Been Rapidly Accumulating According to data from the on-chain analytics firm Santiment, the largest non-exchange Ethereum wallets have continued to show some rapid accumulation recently. The relevant indicator here is the “supply held by top non-exchange addresses,” which keeps track of the total amount of Ethereum that the 150 largest self-custodial wallets are carrying in their combined balance right now. Naturally, the 150 largest non-exchange wallets would belong to the top whale entities…
Cleveland Federal Reserve President Loretta Mester said Thursday that it is probably too early for the central bank to cut its policy rate in March. This statement comes in light of the difficult course of inflation on its way back to the Fed’s 2% target rate, as reflected in the latest Consumer Price Index (CPI) figures. “I think March is probably too early for a rate cut because I think we need to see some more evidence,” Mester said in an interview with Bloomberg TV. “I think the December CPI report shows that there is still a lot of work…
Dogwifhat (WIF), a meme coin based on the Solana (SOL) blockchain, has experienced a sudden surge of 30% in its price in the last 24 hours. WIF reached intraday highs of $0.2356, maintaining its rise from the previous day’s low of $0.17. At the time of writing, WIF was up 30% in the last 24 hours to $0.233. The price increase coincides with positive sentiment in the crypto market, as Bitcoin and other major coins also saw gains. Likewise, another possible reason might be the WIF listing on major crypto exchange Bitfinex. Bitfinex announced the listing of WIF in a…
1. Bitcoin: If it closes above $48,200, it may reach $50,777.2. Caution: Investors should be wary in the $50,777 – $52,000 range.3. Spot Investing: Corrections expected before considering spot investments. Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 – $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments. Medium Term BTC Analysis 3-Day BTC/USD Price Chart When examining the Bitcoin price chart, Bitcoin is currently trading at $48,400. If BTC closes daily candles above $48,200, it may…
An Ethereum (ETH) whale has started accumulating a large quantity of the coins, signaling a potential bullish outlook for the coin in the mid-term. Just like Bitcoin (BTC), Ethereum is currently in a recovery mode following the meltdown the market recorded earlier this week. The selloff Ethereum experienced pushed its price to a low of $2,181 before bouncing back to $2,236.77 which it currently trades at. Ethereum’s recovery was signaled by the reduced selloff with the rate of growth in price and market capitalization staying at 0% in the past 24 hours. Insight Into the Whale Ethereum Accumulation According to…
Recently, Axel Bitblaze, a crypto investor and NFT enthusiast, has drawn attention with his unique approach to airdrop farming on X. This strategy, while lucrative for some, carries inherent risks and showcases the complexity of maneuvering in the decentralized finance (DeFi) landscape. Airdrop farming involves actively seeking and accumulating tokens distributed free of charge to holders of specific cryptocurrencies. These airdrops, typically part of marketing strategies or rewards for existing users, have become popular in the DeFi sector. Investors engage in various activities to maximize their collection of these tokens, often employing tactics like using multiple addresses or engaging in…
Polygon Labs, the infrastructure team behind the Polygon ecosystem, has revealed its latest innovation — a Polygon zero-knowledge Ethereum Virtual Machine (zkEVM) Type 1 prover. Provers on the blockchain are computational entities that attest to whether or not a piece of information is accurate without revealing the underlying data. These provers create “proofs” that are then validated by verifiers. A Type 1 prover indicates the highest level of compatibility with the Ethereum blockchain. This means that it does not need to change any part of Ethereum in order to generate a proof. This includes storage structure, hash functionality or any…