Author: NBTC
This article explores five low-priced tokens with the potential for notable gains when the bull market momentum rekindles. The crypto market’s bullish frenzy has momentarily encountered a setback as Bitcoin undergoes expected price corrections. Nonetheless, the bearish trend has ushered in another opportunity for the investing community to bag various token projects at discount prices. Meanwhile, some investors wary of high-priced coins may be uncertain about which lower-priced options to explore. In light of this, The Crypto Basic delves into five affordable assets worth considering during this bullish season. VeChain (VET) Topping this list is VeChain (VET), a crypto project…
SEC sealed remedies reply brief in Ripple case, soon to reveal redacted version. Courtroom strategy session decides document access, classified as Confidential or Highly Confidential. Legal battle between Ripple and SEC intensifies, public awaits insights into complex dispute. The most recent development in the Ripple case against the U.S. Securities and Exchange Commission (SEC) represents yet another unusual twist that adds to the enormity of the case’s complexity. Nevertheless, the SEC took a riskier step by sealing the reply brief and its exhibits to prevent the public from accessing the private material. 🔥 BREAKING: Today, the sealed remedies reply brief…
According to CoinMarketCap, a critical indicator, the Spent Output Profit Ratio (SOPR), has emerged as a compass for discerning market sentiment. A distinct facet of this ratio, the LTH-SOPR/STH-SOPR, has recently garnered attention for its insights into the behavior of long-term versus short-term holders. Long-term holders are taking profits“Such patterns hint at the likelihood of long-term investors capitalizing on price ascents to realize profits.” – By @Woo_Minkyu Full post 👇https://t.co/fk7SvHA9v1 — CryptoQuant.com (@cryptoquant_com) April 23, 2024 Over time, the SOPR ratio has exhibited a general downtrend, reflecting the gradual shift in profit dynamics within the market. However, amidst this overarching…
Ethereum (ETH) resumes the downtrend, struggling to surpass $3K. ETH investors’ sentiment slips into the neutral zone, as per its Fear and Greed Index. The downtrends of the majority of altcoins in the market still resume. Ethereum (ETH), the largest altcoin by market cap, resumes to be under the bearish locks over the past 30 days with a 19% decline in price. ETH left the $3,500 zone behind on April 12, signaling the start of a notable decline. It eventually hit its 2-month low — $2,815 — on May 1, striking a bearish hammer on the charts. After a short…
QCP, a digital assets trading firm based in Singapore, has received in-principal approval from Abu Dhabi’s financial regulator. QCP said in April it was expanding to the Middle East. Digital assets trading firm QCP Capital said it received In-Principle Approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The Singapore-based firm is the latest digital assets company to establish a licensed presence in Abu Dhabi. In April, during Token 2049 in neighboring Dubai, it said it signed a partnership with Further Ventures to expand into the Middle East. “Our intention is to be a responsible…
Marathon Digital (MARA), one of the largest bitcoin miners, missed consensus first-quarter revenue expectations due to operational challenges it faced during the quarter. The company mined just 2,811 bitcoin during the year’s first three months, down 34% from the previous quarter. “Bitcoin production, and therefore revenues, generated during the quarter was negatively impacted by unexpected equipment failures, transmission line maintenance, and higher than anticipated weather-related curtailments at Garden City and other sites during the quarter,” the company said in a statement on Thursday. Marathon reported first quarter earnings per share of $1.26, at first glance easily topping Wall Street estimates…
In a recent market analysis, the cofounders of Glassnode, known by their X (formerly Twitter) handle 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰, have provided a comprehensive perspective on the trajectory of Bitcoin (BTC). Their insights suggest not only the potential for a significant rebound but also highlight strategic opportunities for investors to capitalize on short-term market volatility. The analysis points toward BTC’s 50-day Exponential Moving Average (EMA) hovering near $62,000 as a crucial support level, with a projected target of $72,000 for a rebound. This level is identified as a crucial support point, indicating strong buying sentiment among market participants. The support near the 50-day…
The widely followed analyst Benjamin Cowen is saying that Ethereum (ETH) is at risk of facing more downside over the coming months. In a new video, Cowen tells his 801,000 YouTube subscribers that monetary policy is likely to negatively affect Ethereum. “I think that ETH/USD is still facing some headwinds here, especially following the potential rejection of the spot exchange-traded fund (ETF)… …I think the impact that people are going to feel is just from tighter monetary policy. They’re going to blame it on the spot ETF and they’re going to capitulate potentially into that.” According to Cowen, the Ethereum…
RippleX, the developer arm, has identified a discrepancy in a few automated market maker (AMM) pools, which has prevented transactions from executing properly. Its engineering team is working to fix the issue together with community participants. At the same time, RippleX has recommended its users not to deposit new funds into AMM pools for now. It has promised to provide timely updates for the community. Major milestone for XRP Ledger The AMM went live on the XRP Ledger mainnet on March 22 after two years. According to David Schwartz, the chief technology officer at Ripple, the AMM marked the start…
Robinhood CEO Vlad Tenev has broken his silence amid mounting regulatory pressure, addressing concerns over the recent Wells Notice from the SEC. Tenev, speaking out against what he terms a “regulatory onslaught,” emphasized the destructive impact on American innovation and consumers. The notice, indicative of the conclusion of the SEC’s investigation into Robinhood’s cryptocurrency operations, signals potential legal action looming over the popular trading platform. This is not Tenev’s first encounter with regulatory scrutiny. Previously embroiled in controversy during the GameStop short squeeze in 2021, Robinhood’s decision to restrict trading drew widespread condemnation. Its CEO’s testimony before the United States…