Author: NBTC

The Chicago Fed’s NFCI fell to -0.56, the loosest financial conditions since bitcoin’s 2021 cycle high. Financial conditions and bitcoin show a negative correlation suggesting the crypto thrives in risk-on environments. Bitcoin has more than doubled in the last 12 months as financial conditions ease, signaling potential for further gains. The Chicago Fed’s National Financial Conditions Index (NFCI) offers a weekly update on U.S. financial conditions across money markets, debt and equity markets, and the traditional and shadow banking systems. The NFCI is a valuable tool for assessing the health of financial markets, providing insights into liquidity, credit availability, and…

The mysterious Shiba Inu leader famous in the community under the pen name Shytoshi Kusama has surprised the SHIB army by adding radical changes to his bio section on the X platform, which has remained unfilled most of the time until now. A SHIB fan from Japan @kuro_9696_9696 noticed it and shared it on his X account. Shytoshi Kusama endorses ShibaCon, mentioning Ryoshi What the enigmatic SHIB lead added to his X bio is basically an invitation to attend the approaching ShibaCon event in Bangkok this November. However, what caught the attention of the SHIB army was also the mention…

Cryptocurrency markets are witnessing crucial developments that aim to bolster altcoins. In this context, the recent launch of a new fund by SkyBridge Capital, spearheaded by Anthony Scaramucci, offers promising news for ALGO Coin. As Bitcoin trades above $62,000, the attention shifts towards altcoins and the strategies being employed to enhance their visibility and market presence. Contents hide 1 What is the Latest on ALGO Coin? 2 How Much Does SkyBridge Capital Hold in Crypto? What is the Latest on ALGO Coin? Despite high expectations, ALGO Coin has not yet kickstarted the anticipated surge towards the $0.13 mark. Recent communications…

Bitcoin’s price has been recovering over the past couple of weeks. The market is in a critical area, which could determine its mid-term future. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart The daily chart shows that the price has risen since bouncing from the $52,500 support level earlier this month. Over the last few weeks, BTC has reclaimed the $57K and $60K levels. Yet, the 200-day moving average alongside the key $64K level remains intact, as the market has been testing it consistently recently. A bullish breakout would likely pave the way for a new all-time high in…

The usage of Bitcoin is facing and probing to cross its 200 day simple moving average, an important technical level for the market. A breakout above the 200-day SMA could take Bitcoin to $70,000 while a breakdown could see the asset consolidate. The result which might be derived from this test could affect the whole market of cryptocurrencies in a broad way. Bitcoin is testing its 200-day simple moving average (SMA), a level through which many traders deem to show the strength of the trend. The cryptocurrency has just attained this degree after a smooth upward trend making individuals guess…

Bittensor (TAO) is becoming the leader in the AI narrative, as well as the biggest short-term gainer. The AI narrative also recovered fast after the recent market dip. Bittensor (TAO) is gaining importance in the AI narrative. Recently, the asset became the top gainer among AI tokens, up more than 100% in the past month. TAO traded at $548.70, rising from the $230 range at the beginning of September. The past month was also the most successful for TAO in the year to date, higher than January’s growth of more than 78%. Barring the initial launch and vertical rally after…

As Bitcoin (BTC) continues to trade below its all-time high of above $73,000, the maiden cryptocurrency has seen a growth in the number of millionaire holders in 2024. Currently, there are 121,089 Bitcoin addresses holding at least $1 million worth of BTC. Of these, 10,434 addresses contain holdings exceeding $10 million, data retrieved from BitInfoCharts on September 23 indicates. To put this figure into perspective, data retrieved from the platform on January 4, 2023, using the Wayback Machine web archive tool, indicates that the number of Bitcoin millionaire holders has surged by 25.21% in 2024 as per the data calculated…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. With spot bitcoin ETFs seeing successful launches and MicroStrategy buying with reckless abandon, the oldest cryptocurrency has proven its value — at least to some institutions. Institutions are to blockchains what whale traders are to casinos; having just a couple can really drive up revenue. But for non-Bitcoin blockchains, the path to institutional adoption is a little less clear. Ether spot ETFs have so far been uninspiring, and large companies don’t seem to be putting non-bitcoin assets on their…

One lucky Gamestop customer won an entire Bitcoin worth just over $63,000 at today’s values after opening up a pack of $30 crypto-themed collectible trading cards. The winning card, which was first revealed in a Reddit post earlier this month, was hidden inside a first-edition pack of Cardsmiths’ Currency Trading Cards, which he had purchased at the games retailer. The card series features crypto memes and cartoon caricature depictions of famous people within the crypto world including MicroStrategy CEO Michael Saylor, anonymous Bitcoin inventor Satoshi Nakamoto, and Elon Musk. The series was first launched in 2022. A GameStop customer found…

The X Empire Project has revealed its final tokenomics, highlighting total supply of 690 billion $X tokens. As per previous announcements, 75% of the totally supply which is worth 517.5 billion of $X tokens will be allotted to the miners and vouchers ensuring that the majority of the tokens are distributed to the community members without any lockups or vesting periods. The remaining 25% of the total supply, which is worth 172.5 billion $X tokens, is designated for new users and for future development initiatives. This portion will support new projects, liquidity, community incentives, market makers and team rewards. X…