Author: NBTC

BTC is trading above $58,000, showing signs of recovery with key resistance at $60,992 and support at $53,470. Despite a $1.2 billion outflow from BTC ETFs and a 33.6% drop in whale transactions, analysts view healthy market growth. Bitcoin’s price is currently trading above $58,000, reflecting a 24% drop from the yearly high of $73,800 recorded in March 2024. The cryptocurrency market has been volatile in the second half of 2024, with BTC particularly affected by global macroeconomic uncertainty.As of September 12, 2024, BTC has surged over 1.73% in the last day, with a 3.39% spike in its market cap…

According to the latest news, EGLD and Chainlink have partnered to provide better data stream services. This collaboration will enable users to use EGLD in almost every application that depends on Chainlink’s data feeds. $EGLD is now available to the vast array of apps pulling data streams from @Chainlink 📡Data Streams is a next-gen oracle solution that provides sub-second updates, all while preserving privacy and being gas efficient. pic.twitter.com/Hpl2URt97U — MultiversX | Sovereign Chains (@MultiversX) September 24, 2024 EGLD (eGold) is the main cryptocurrency of the MultiversX blockchain. It is designed to be fast and efficient. These features make it…

Chromia, a Layer-1 relational blockchain platform, has announced a strategic investment and technical collaboration with Chasm Network, a market leader in decentralized artificial intelligence. The need for accountability and transparency in these systems has increased as AI is incorporated more and more into daily tasks. In order to address these issues, Chasm Network is developing decentralized AI models that let people see and validate the decision-making processes. On Thursday, October 24, Chasm Network’s native token, Chasm AI ($CAI), is scheduled to debut on Mantle, an Ethereum Layer-2 rollup. Chromia will act as a decentralized database layer to hold vital AI…

Scottie Pippen, former star of the American basketball, has stirred his 670,400 followers on the X social media platform (widely known as Twitter in the past) with a bullish statement made on the world’s earliest cryptocurrency Bitcoin. He mentioned the mysterious BTC creator, Satoshi Nakamoto, in it. Many large Bitcoin fans responded to him in the comments. Pippen’s bullish Bitcoin tweet The former NBA player’s statement consisted of a simple, one-line tweet, saying “Bullish on Bitcoin.” He also added a hashtag #BeLikeSatoshi. He has previously also mentioned the enigmatic BTC creator in his tweets. Bullish on BITCOIN. #BeLikeSatoshi — Scottie…

Solana based meme coins are on fire this year as dog and cat themed tokens record massive returns for their holders. These meme cryptos have finally managed to steal the spotlight while the market approaches the final quarter of the financial year. Reviving from the dump, SOL saw a surge of around 14% over the last 7 days backed by its ecosystem’s tokens like BONK, Dogwifhat (WIF), and Popcat skyrocketing jump. Data shows that Solana is taking the lead over Ethereum, becoming the new home for high-flying meme cryptos. Solana takes the meme coin crown As per the data provided…

Chainlink completed a study with leading European financial companies and scalable chains. The leading oracle company believes corporate processes can be streamlined with oracles, on-chain communication, and LLM. Chainlink, the leading oracle service for crypto and market data, presented the results of a study in partnership with leading European financial companies. Chainlink explored the topic of asset services using oracles, AI, and on-chain transactions. Following the news of the study, the LINK native token traded at around $11.80, near its mid-range for 2024. LINK peaked above $21 in March but broke down before fulfilling predictions for a rally to $30.…

Cryptocurrency analyst Kevin Svenson is turning bullish on Bitcoin (BTC) as the flagship trades at over 20% below the all-time high reached in March. Svenson tells his 79,200 YouTube subscribers in a new video that Bitcoin is “likely just a couple of months away from a new all-time high.” According to the analyst, the correction that Bitcoin keeps experiencing happens in all cycles and the current one is not an exception. “People may just be heavily overexposed to the market, having grand expectations to be set for life after this bull run. And because everyone is so overexposed all the…

Billy Markus, known on social media as Shibetoshi Nakamoto (a playful reference to the Bitcoin creator’s pseudonym) who created the iconic meme cryptocurrency Dogecoin, has taken to the X platform to make it clear that he has no intention to work on any other crypto project ever. He also revealed the very first coin he had worked on before making DOGE and slammed Ethereum-based coins whose creators claim they were made in 2013. “I will never create any cryptocurrency” again: Billy Markus Earlier today, Markus posted a tweet to clarify his participation in the making of Dogecoin (and another crypto…

Base, the Ethereum L2 network developed by Coinbase, has experienced major growth in Q3 and through 2024. Over the last day, Base’s transactions per second (TPS) increased by 51%, as per L2Beat data. Base is proving to be a solid competition after generating $7.2 million in revenue in Q3. As more projects and users migrate to Base, its daily transactions are nearing 7 million. Base sees more growth in activity and transactions Base transactions per second (TPS) averaged over the past day are up by almost 51%, according to L2Beat. In comparison, Arbitrium One transactions were up by 17.5% and…

Buy-sell ratios point to bargain hunting over Kraken and Coinbase. The average trade size indicates that dip-demand stems from large traders. Bitcoin (BTC) bargain hunters are active on Kraken and Coinbase (COIN), snapping up coins at perceived discounts as selling pressure from other exchanges the leading cryptocurrency under pressure. Data tracked by London-based CCData show the buy-sell ratio, which compares the volume of buy-to-sell orders on Kraken and Coinbase, has averaged 250% and 123%, respectively, this month. A ratio above 100% indicates more buys than sells, suggesting net bullish pressure. Bitcoin’s price began the month on a negative note, falling…