Author: NBTC
Peter Brandt, a respected figure in the trading community, has recently shared his insights on the Bitcoin future price potential. Through a post on X, Brandt ignited discussions within the crypto community by commenting on Bitcoin’s recent attainment of a new all-time high (ATH). More interestingly, he proposed when Bitcoin might scale new historic price heights. Related Reading: Bitcoin Price Crashes After New ATH, Are Dips Supported At $60K? Drawing from his experience in market analysis, Brandt speculated that Bitcoin could reach a price mark of $150,000 per BTC by October 2025, a prediction based on an in-depth analysis of…
This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by the substantial rise in the overall value of the cryptocurrency market. Major Growth in Defi Currently, the total value locked (TVL) in defi has reached beyond the $100 billion threshold, a figure last observed when Terra’s stable coin UST lost its peg. The expansion in TVL can largely be…
Amidst the tumultuous legal landscape, Terra (LUNA) experiences a remarkable surge of 42% with a current price of $1.181, capturing the attention of the cryptocurrency community. However, this surge coincides with a heated legal battle between Terraform Labs, the company behind Terra, and the U.S. Securities and Exchange Commission (SEC). Terraform Labs finds itself in the midst of bankruptcy proceedings, where it confronts objections raised by the SEC regarding its legal representation. In response to the SEC’s objections, Terraform Labs stands firm, challenging the merits of the SEC’s claims. The company asserts that the objections lack substance and are aimed…
When the heavily-marketed layer-2 Blast went to mainnet late last month, so did a host of protocols built atop the optimistic rollup. Blast drew over $2 billion in deposits before launching — but faced criticism for initially soliciting the funds to a multisig wallet before its layer-2 had been built. A number of protocols were willing to brush that aside, though: DeFiLlama lists 50 protocols deployed on Blast cumulatively holding nearly $1 billion in total value locked (TVL). Blast said over 3,000 projects entered its “Big Bang” developer contest to go live on mainnet launch and receive a larger allocation…
Justin Sun teased an integration of BTT with Artificial Intelligence, that is, AI. BitTorrent has been a game changer for the blockchain industry, considering its initial operations were grounded in the fundamentals of blockchain and decentralization. Now, it could be time for BitTorrent to revolutionize the blockchain sphere once again. Specifically speaking, the integration pertains to bringing BTT and AI computing closer to each other. The objective is to bring down operational costs and bolster democratized AI. BTT and AI integration explained It would be BitTorrent’s nodes that would contribute to AI computing. All they have to do is complete…
In a recent interview with Fox Business, Michael Novogratz, a prominent figure in the cryptocurrency world, expressed his belief that Bitcoin could reach the milestone of $100,000 within the next year. His prediction comes amidst a backdrop of fluctuating prices, where Bitcoin has seen a rapid ascent to new heights, only to experience significant pullbacks. Novogratz noted the cryptocurrency’s potential to oscillate between $58,000 and $69,000 as it stabilizes before making a stronger push upwards. “It wouldn’t surprise me if we bounce between $58,000 and $69,000 until some of its buying gets digested, and then the next move up,” he…
Vertex Protocol introduces Vertex Edge, a groundbreaking cross-chain liquidity layer and orderbook, aimed at transforming decentralized exchange (DEX) trading. This innovative solution accompanies the launch of Vertex’s cross-chain instance, Blitz, on the Ethereum Layer 2 network Blast, marking a significant leap forward in DeFi technology.—Vertex Protocol, known for its low-latency DEX on Arbitrum offering spot, perpetuals, and money markets with self-custody, has positioned itself as a leading DEX since its debut on Arbitrum Mainnet in April 2023. With the introduction of Vertex Edge, the platform takes a giant leap forward in providing seamless liquidity sharing across different EVM-compatible blockchains.Alwin Peng,…
In a thrilling plot twist witnessed recently, XRP, a cryptocurrency backed by Ripple Labs, curated a tidal wave of speculations among crypto market traders and investors globally as the token noted two substantial accumulations from Binance, the world’s leading cryptocurrency exchange. These accumulations promptly gained substantial traction across the broader crypto market as XRP traded in the red today, dropping back to the $0.61 mark as of press time. Usual market sentiments of buying the dip appear to be aiding this noteworthy accumulation. Derivatives data, on the other hand, hinted at a bearish sentiment existing within the market, further aligning…
Analyst and trader Kevin Svenson is issuing a warning on Bitcoin (BTC) as the flagship crypto asset hovers below its all-time high price. Svenson tells his 73,100 YouTube subscribers in a new video that Bitcoin could undergo a significant correction shortly after recording a new all-time high. “The path of most pain is the most likely. And right now the most painful route to take would be to give no second chances, punch up to a major new all-time high zone. And then once everybody that wasn’t in, that was sidelined FOMOs into the new all-time high because they think…
Dog-themed cryptocurrency Shiba Inu has been the star of the week so far, gaining nearly 300% in the last seven days. Accompanying the price surge is a large movement of Shiba Inu tokens by whales who are either speculating on the price or moving the tokens for business purposes. In the last 24 hours, a colossal movement of Shiba Inu Coin (SHIB) has been witnessed, amounting to a staggering 1.8 trillion tokens. Even further back, in the last 48 hours, a massive 1.25 trillion SHIB were transferred to an address described as “Robinhood 2” by Etherscan. Crypto data tracker Whale…