Author: NBTC
While the market is currently talking about the Bitcoin halving, which is expected to take place next April, and possible Ethereum ETF approval in May, ETH attracts attention with its whale accumulation and strong performance. At this point, ETH, which has increased by nearly 4% in the last 24 hours, exceeded $ 2,900. ETH is also up more than 25% since the beginning of 2024, while investors and analysts expect Ethereum to surge towards $4,000. In the face of this expectation, it was stated that there was strong whale accumulation behind ETH’s rise today, while Lookonchain said that the whale…
The total amount of capital locked on Sui has risen from $211 million to $593 million since the turn of the year. The SUI token is up by 131% in the same period. Sui has now overtaken Aptos, Cardano and Near in terms of capital locked on DeFi protocols. Layer 1 blockchain Sui has experienced a sharp increase in inflows this month, a spike that has seen it overtake Cardano, Near and Aptos in terms of total value locked (TVL). The network, which was built by former Meta (META) employees, now has over $593 million in capital locked across various…
Stanley Druckenmiller, the legendary investor who was part of George Soros’ Quantum Fund, has dumped traditional tech stocks while putting funds into gold mining companies and artificial intelligence (AI) shares. According to filings, he sold Amazon, Alphabet (Google), and Broadcom stocks while acquiring shares of Barrick Gold and Newmont, two gold miners. Stanley Druckenmiller Sells Traditional Tech Stocks, Invests in Gold and AI Stanley Druckenmiller is making moves in the investment portfolio of his investment fund management firm, Duquesne Family Office. According to filings, the legendary investor is dumping part of its holdings in traditional tech companies and introducing new…
Bitcoin last danced below $50,000 on February 14, 2024, and has since then experienced a new height. BTC has maintained the jump above $50,000 conveniently, now opening up to speculation that it could soon surpass the milestone of $60,000 by summer, that is, June. Analysts said that Bitcoin can surge to that extent. They have, however, also issued a warning before diverting funds to the crypto sphere. For starters, all eyes are on the Bitcoin Halving event. It is scheduled to happen in April of this year. Bitcoin halving would slash mining rewards and bring down the number of tokens…
Bitcoin spot exchange-traded funds have been online in the US for only two months, but their performance has far eclipsed any other asset class. These ETFs recently hit a new milestone, drawing over $2.2 billion in inflows last week alone, shattering the previous weekly record set on the first week of trading. This is a particularly noteworthy development because, as senior Bloomberg analyst Eric Balchunas pointed out, this inflow skyrocketed past the 3,400 plus ETFs available in the US, like the SPLG US and the SPY US. Bitcoin ETF Inflows Surge Amid Competition Bitcoin ETFs have fully captured the interest…
In a recent tweet, computer scientist Edward Snowden argued that Bitcoin was the greatest invention since coinage. His tweets come after the asset’s recent rally that saw Robert Kiyosaki predict that Bitcoin would reach $100,000 “by June 2024.” Robert Kiyosaki predicted that Bitcoin would reach $100,000 in June 2024, even as former NSA whistleblower Edward Snowden reminded the community of the profundity of the asset. Why Kyosaki Supports Bitcoin Over CBDCs Kiyosaki predicted that Bitcoin’s price would reach $100,000 by June 2024, shortly after the Bitcoin halving in April. While he didn’t provide a reason, his comments about Bitcoin and…
In a recent tweet that caught the crypto community’s attention, renowned analyst Michaël van de Poppe shared an optimistic outlook on Bitcoin’s price movement. According to van de Poppe, the momentum behind Bitcoin is “massive,” signaling a bullish trend on the market. He anticipates a short-term correction before the cryptocurrency makes a final push toward the $54,000 to $58,000 range, concluding the current pre-halving run. The #Bitcoin chart looks great as the momentum is massive. I’m expecting a short-term correction before a final push to $54-58K and then we’re likely done with this current pre-halving run. pic.twitter.com/sq9GWn0N8M — Michaël van…
Solana announces integration with Filecoin. This has contributed to the FIL price increase, which was about 7% as of Saturday’s most recent report. Enhancing blockchain security, achieving scalability, and bolstering decentralization for Solana are the goals of the integration. Furthermore, the utilization of Filecoin will aid Solana in her efforts to decrease redundant data. The integration came after Solana faced several criticisms about its centralized storage solutions. Filecoin will now help the network move away from that image while improving reliability for developers and users. Users, indexers, explorers, and developers will be able to access Solana’s block history. What stood…
Over the past week, the Bitcoin price put in one of its finest performances since the start of 2024, breaking above $50,000 for the first time since 2021. While the premier cryptocurrency has been moving mostly sideways in the past few days, it continues to hold its own above the $51,000 mark. However, a popular crypto analyst on the X platform has put forward an interesting prognosis for the Bitcoin price, stating that the coin might experience some bearish pressure in the near future. Is BTC Headed To $46,000? On Thursday, February 15, prominent crypto analyst Ali Martinez sounded the…
The Sandbox introduced it’ll launch its upcoming Builder’s Problem on February 12, 2024. This competitors goals to showcase creators’ skills and revolutionary spirit worldwide, providing a powerful prize pool of 1,000,000 SAND. Over ten weeks, members will search to have interaction the Sandbox neighborhood with their distinctive creations, leveraging the most recent options of their free instrument, Recreation Maker 0.9. Unleashing Creativity The Builder’s Problem revolves round three essential steps: Publish, Interact, and Earn. Creators are inspired to introduce new experiences or artistic twists on current genres, specializing in replayability and a compelling First Time Consumer Expertise (FTUE) to draw…