Author: NBTC
Shiba Inu lead developer, Shytoshi Kusama, believes the time has come for the project to showcase its true power. Shytoshi Kusama, the pseudonymous developer leading the Shiba Inu ecosystem, has expressed optimism about the project’s future prospects. Recall that the price of Shiba Inu has been on a run in the past week, gaining 175% in value and breaking a 22-month high. However, Shytoshi Kusama believes things are just getting started. In a recent post on X, he reckoned that the time has come for Shiba Inu to show its true power. He also reminded SHIB enthusiasts that the project…
Bitcoin dipped more than 11% Tuesday afternoon in New York after surging earlier in the day to a new record-high price of around $69,170. It’s the first time the largest cryptocurrency has broken an all-time high in 27 months. Even with the correction, bitcoin (BTC) has managed to stay above $60,000, a resistance level analysts say shows interest remains high. “If previous non-crypto-related ETFs can teach us anything, it is that real growth after an ETF approval can be a multi-year process,” Chainlink co-founder Sergey Nazarov told Blockworks. “After waiting almost a decade for this ETF, I’d be surprised if…
In tandem with the broader downturn of the cryptocurrency market this week, the non-fungible token (NFT) sector also experienced a downturn in sales over the preceding seven days. From March 9 to March 16, 2024, the NFT market witnessed sales amounting to $358,080,260, a decline of 16.55% from the previous week. NFT Sales Decline Across Leading Blockchain Platforms This week, NFT sales dipped by 16.55%, with total sales reaching $358 million. Data gathered by cryptoslam.io shows that the top three blockchain platforms in terms of NFT sales volume all reported week-on-week decreases. Ethereum was at the forefront with $129 million…
Image Sourced From Bloomberg | Via: Getty Images As anticipated by market observers, the US Securities and Exchange Commission (SEC) has once again delayed its decision on BlackRock’s petition for an Ethereum ETF. This comes after the initial postponement in January following the SEC’s approval of multiple Bitcoin ETFs. Experts, including James Seyffart of Bloomberg ETF, are eyeing May 23 as the potential date for a decisive ruling. Seyffart emphasizes May 23 as the “next significant date” in the timetable of events. This date holds importance as market participants anxiously await a potential resolution regarding the authorization of spot Ethereum…
In 2023, cryptocurrency markets experienced a period of recovery following the turmoil of 2022, witnessing improvements in asset prices and market sentiment. According to Chainalysis, all crypto investors collectively amassed gains totaling $37.6 billion throughout the year. Asia Leads the Pack Although considerably smaller than the $159.7 billion gains seen during the bullish market of 2021, this figure signifies a noteworthy rebound from the losses estimated at $127.1 billion in 2022. Interestingly, Chainalysis reports that the total gains for 2023 were lower than those of 2021 despite comparable growth rates in crypto asset prices between the two years. One possible…
The cryptocurrency market witnessed a surge in meme coins, notably in Dogecoin (DOGE) price today, with a remarkable 20% increase. Meanwhile, Andrew Kang, founder of Mechanism Capital, stirred excitement among investors, particularly Dogecoin enthusiasts, with his optimistic outlook on the possibility of a Dogecoin ETF launch. Notably, his comments have sparked discussions within the crypto community, aligning with the recent success of Bitcoin Spot ETF and the anticipation surrounding potential Ethereum ETFs. Dogecoin ETF Launch: Andrew Kang Fuels Speculation Amid the ongoing buzz surrounding meme coins, Andrew Kang’s remarks regarding the likelihood of a Dogecoin ETF launch have captured the…
The Fidelity Bitcoin ETF, Wise Origin Bitcoin Fund (FBTC), recorded its largest number of daily inflows on Monday, absorbing $404.6 million in funds used to buy more Bitcoin (BTC). By comparison, the fund’s second-strongest day so far was on January 17, its fourth active day of trading, when it received $358 million of inflows. Most days aside from then haven’t netted more than $200 million for the fund, though its streak of non-stop inflows stayed unbroken since January 11. Big Day For Fidelity Bitcoin ETF According to BitMEX Research, Fidelity has now received $5.2 billion of flows and holds a…
While the cryptocurrency market has been going through active days since the beginning of 2024, the most important events of recent days include Bitcoin’s ATH refresh and Ethereum Dencun upgrade. While the Ethereum Dencun upgrade is expected to take place today, March 13, Singapore-based cryptocurrency company QCP Capital evaluated the Ethereum and Dencun upgrade in its new report. At this point, QCP Capital warned investors about a possible price correction for Ethereum, despite its recent rise to over $4,000. Analysts said market sentiment for ETH has changed, noting that the likelihood of spot Ethereum ETF approval is low in the…
Bitcoin has dropped following news that inflation in February was hotter than expected. The price of the biggest digital asset by market cap is now down nearly 3% in 24 hours, according to CoinGecko. Its price stands at $70,920 per coin. Overnight, Bitcoin touched a new all-time high of slightly above $73,700. Data from the Labor Department’s Bureau of Labor Statistics showed on Thursday that the producer price index jumped 0.6% last month. It was expected to rise just 0.3%—meaning that inflation isn’t going away just yet. The index measures the change in the prices after they leave a manufacturer…
Shiba Inu (SHIB) is yet to see a cooling period in its price following the parabolic run it picked up over the past week that saw its price erase one zero. At the moment, the meme coin has jumped by 33.78% in 24 hours to $0.00002663. Bullish Shiba Inu price metrics Beyond the current upshot in Shiba Inu’s price, the cryptocurrency has jumped by more than 177% in the trailing seven-day period. Its growth is now complemented by the 196% jump in valuation over the past month. Shiba Inu had a long waiting period before it got to this point…