Author: NBTC
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…
The price of Ethereum (ETH) has reached the psychological mark of $4,000, but has been unable to hold above this level. Long-term analysis of the Ethereum price: bullish According to the price analysis by Coinidol.com, the largest altcoin has broken the recent high, but three times the uptrend was resisted. Thus, the uptrend was resisted on March 12, 2024 at a high of $4,095. The cryptocurrency fell well above the $3,800 support and began a sideways trend. The sideways trend moved between the $3,800 and $4,000 levels. Every time buyers push the cryptocurrency above the recent high, Ether will fall…
Crypto custody firm Cordial Systems came out of stealth mode with clients including Jump Crypto and Backpack Exchange. Rather than just giving the client a share of a cryptographic key, Cordial allows all software and processes to be run on the customer side. Jump Trading is also an investor in Cordial Systems. Cryptocurrency safekeeping firm Cordial Systems identified the first major clients of its institution-focused, self-custody technology, including Jump Crypto and Backpack Exchange. The Cordial Treasury product diverges from the traditional multiparty computation (MPC) approach to protecting wallets, whereby cryptographic keys are split into parts, or shards. These are usually…
Crypto seems to be slowly recovering after a long winter in the market, and users are adjusting their investment plans according to the latest updates in the industry. While simply buying crypto is a great way to start your journey in this field, there also are other options to earn some digital assets and start trading them to get a profit. So, in this article, we will talk about some of the best free crypto airdrops you can focus on for this month to make your crypto portfolio richer with at least one new cryptocurrency. Best Free Crypto Airdrops for…
Pomp Investments founder Anthony Pompliano shared his bullish views on Bitcoin in a program he attended and suggested that BTC could grow exponentially in the near future. Pompliano noted the current Bitcoin rally, stating that BTC is back to its record levels of a few years ago. Emphasizing the difficulty of predicting Bitcoin’s course, Pompliano pointed to several upcoming events that could fuel its rise. Among these events, Pompliano mentioned the upcoming halving, which will reduce the rate at which new Bitcoins are created, as well as the increasing mainstream acceptance of Bitcoin ETFs. He underlined that these spot ETFs…
Ethereum (ETH) has been showing a solid performance lately, leaving investors both ecstatic and wary. The world’s second-largest cryptocurrency, boasting a market capitalization of nearly $480 billion, recently surpassed the coveted $4,000 mark for the first time since December 2021, igniting a flurry of bullish predictions. But is this a genuine resurgence, or are we witnessing a temporary blip before a potential correction? Related Reading: Cardano (ADA) Price Alert: Analyst Predicts 60% Rally In Next 7 Days Let’s dissect the forces at play. Proponents of a sustained uptrend point to a confluence of positive factors. The long-awaited approval of a…
The Federal Reserve may be dead set on implementing a central bank digital currency (CBDC)—or at least continuing to study them—despite its public claims to the contrary, a new document suggests. On Wednesday, GOP Majority Whip Tom Emmer (R-MN) publicly shared a file that he says he received from central bank staff earlier that day during a presentation to Congress. The document, which appears to set out the “Key Duties” of the Fed like issuing currency and operating as the government’s fiscal agent, included “Central Bank Digital Currency” on the list. If you don’t think the Fed is pursuing a…