Author: NBTC
Analysts have notably increased their price target for Bitcoin (BTC), citing a surge in technological innovations as a pivotal catalyst. As Bitcoin establishes new benchmarks, the financial ecosystem attentively observes the transformative impact of Layer 2 (L2) solutions on the cryptocurrency’s scalability, security, and decentralization. Tech Advancements Will Push Bitcoin Price Muneeb Ali, the CEO of Trust Machines, has played a crucial role in advocating for Bitcoin’s L2 technologies. He is confident that Bitcoin’s scalability challenges are on the cusp of a revolutionary breakthrough thanks to these L2 solutions. This development aims to enhance Bitcoin’s transactional efficiency. It also represents…
Data Ownership Protocol said it has raised $162 million in a recent token sale ahead of its upcoming mainnet launch later this month. The protocol is focused on blockchain privacy and clims to bring “selective transparency to Ethereum” has a community with over 2.67 million users taking part in its testnet. Data Ownership Protocol aims to give users full control over their data. In an announcement the protocol founders said, the now-completed token sale represents the ninth-largest of all time, supporting the protocol’s objective of promoting on-chain data transparency by expanding its overall operations and forging meaningful partnerships as the…
In the past eight hours, cryptocurrency trading firm Wintermute Trading has accumulated a net amount of 17.08 million Arbitrum (ARB) tokens, according to data from blockchain analysis firm Spot On Chain. This represents a total value of $36.3 million. In the past 8 hours, Wintermute Trading (@wintermute_t) accumulated a net amount of 17.08M $ARB ($36.3M) from CEX, expanding their $ARB position vastly before the upcoming massive unlock on Mar 16!Current holding: 29.48M $ARB ($61.9M).Follow @spotonchain and check out the… pic.twitter.com/mM64jxM14Z — Spot On Chain (@spotonchain) March 14, 2024 The increase in Wintermute’s ARB holdings comes just two days before a…
As the world of cryptocurrency gears up for Bitcoin’s much-anticipated halving event in April 2024, investors and enthusiasts alike are speculating about its potential impact on the market. Karl Devin, a key figure in the Strategy & Operations (Crypto) team, sheds light on the significance of this event and what it could mean for the future of Bitcoin. Of course the Bitcoin Halvening is on 4/20 — Cameron Winklevoss (@cameron) March 17, 2024 Bitcoin’s programmed scarcity mechanism, known as halving, is a cornerstone of its design and a key factor in its potential value proposition. Halving events, which occur roughly…
The broker raised its price target for Coinbase to $230 from $160. The broker believes the crypto exchange offers unique exposure to the long-term growth of the crypto economy. Coinbase’s trading activity continues to surge, with daily volume for March averaging $5.1 billion, the report said. Coinbase (COIN) offers investors unique exposure to the long-term growth of the crypto economy, KBW said in a research report on Tuesday. KBW raised its Coinbase price target to $230 from $160 while maintaining its market perform rating. The crypto exchange’s stock closed at $245.84 on Tuesday, having risen over 40% year-to-date. “We see…
Sizable chunks of tokens tied to crypto games or gaming platforms could come onto the market in the coming weeks. Nearly $250 million worth of gaming tokens are set to be unlocked by the end of March, per data aggregated by Token Unlocks. Crypto projects often lock away sizable portions of their token supplies years in advance, which means that tokens intended for developers, investors, community funds, and other groups get unlocked in waves over time. Crypto traders and investors watch these unlock schedules closely, as a flood of additional tokens on the market often impact their price. ApeCoin (APE)—the…
According to George of CryptosRUs crypto YouTube channel, a supply squeeze is imminent for Bitcoin soon. George noted that Bitcoin has slowed down over the past several days, but it does not mean market participants should give up on the pioneer cryptocurrency. He believes coming events will regenerate an active market for Bitcoin. In a recently uploaded video, George argued that the effect of upcoming macroeconomic events will favor Bitcoin. The CryptosRUs analyst highlighted the proposed interest rate cuts by the U.S. Federal Reserve as a signal for an imminent Bitcoin supply squeeze. He further noted that other top economies…
Ethereum price extended its decline below the $3,320 support zone. ETH is now consolidating and might start a fresh increase if it clears $3,320. Ethereum remained in a bearish zone and traded below the $3,320 support zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,320 resistance zone. Ethereum Price Faces Resistance Ethereum price remained in a bearish zone below on the hourly…
KBW initiated coverage of Robinhood with a market perform rating and a $20 price target. Robinhood’s share price rose sharply as retail engagement accelerated. The big question is how long the recent acceleration in retail trading will last, the report said. The key question for trading platform Robinhood (HOOD) is how long the recent acceleration in retail trading will last, broker KBW said in a research report that initiated coverage of the stock with a market perform rating and a $20 price target. KBW notes that retail engagement materially ramped up in the first quarter, helping drive the share price…
Macro investor and fund manager Dan Tapiero believes the bull market cycle for Bitcoin (BTC) is still in its early stages. The CEO of investment firm 10T Holdings tells his 114,500 followers on the social media platform X that Bitcoin could soar 3x from its current value in the next year or two. “Conservative again on BTC price. A mere 3x over next 12-24 months. Bull market just in its third inning now.” Since there are nine innings in a baseball game, he suggests Bitcoin’s upward momentum will continue for a while. He also says there may be price volatility,…