Author: NBTC

Ethereum price is correcting gains below the $2,650 resistance. ETH is now trading near the $2,600 support and might face many hurdles. Ethereum started a downside correction below the $2,650 zone. The price is trading below $2,620 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,630 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,550 support to start a fresh increase in the near term. Ethereum Price Takes Hit Ethereum price struggled to stay above the $2,700 level. ETH started a downside correction…

Bitcoin has a high chance of soaring to a new high this year, according to a recently launched Polymarket poll. Polymarket users see BTC hitting a new record high Sixty-three percent of participants in the the poll believe that Bitcoin (BTC) will continue its uptrend and reach a new record high. The odds of this happening have risen from this month’s low of 42%. With Bitcoin trading at $63,840, it needs to rise by 15.6% to retest its all-time high of $68,777. This is possible as it has entered a technical bull market after rising over 21% from its lowest…

The world has significantly improved since crypto became mainstream. Through crypto, NFT projects, blockchain technology, and the Web3 universe, crypto enthusiasts will encounter many new experiences that will change how we view and use the online space. And if you are passionate about NFTs but don’t always feel that buying them is profitable, we’ve prepared some of the best NFT giveaways and airdrops that might catch your attention this month. Choose your favorite NFT giveaway or airdrop and discover what this industry offers. Table of contents 8 Top Free NFT Giveaways and Airdrops Ethereum NFT Drops Solana NFT Drops Base…

Robert Mitchnick, the head of digital assets at financial giant Blackrock, recently addressed the underwhelming performance of Ether-based exchange-traded funds, predicting that things are not going to change for the better anytime soon. Mitchnick has explained that investors are reluctant to get exposure to Ether since they find the cryptocurrency’s investment narrative to be more confusing. The BlackRock exec claims that they are “committed” to educate their clients about the largest altcoin. It’s all about perspective Even though Ether ETFs might seem like massive failures compared to the Bitcoin products that were introduced in early 2024, Mitchnick insists that their…

On Wednesday, Ethena Labs, the team responsible for the yield-bearing stablecoin project USDE, revealed its expansion to the Solana blockchain. This move brings USDE to the distributed ledger, with SOL now also being used as part of the stablecoin’s reserve backing. USDE Stablecoin Project Extends to Solana, Includes SOL Backing Despite witnessing redemptions totaling around $300 million in under two weeks, Ethena Labs proceeded with the Solana integration. “August 7th marks Ethena’s Solana integration,” Ethena Labs said on X. “USDE deployed on Solana thanks to Layerzero Labs OFT [and] SOL onboarded as a backing asset for USDE, subject to governance.”…

A recent development in the Bitcoin market has seen a significant accumulation by the whales. As per Lookonchain, a popular on-chain analytics firm, a couple of whales have withdrawn a cumulative amount of up to 3,463 $BTC with a value of $219M from the prominent crypto exchange Binance in the past twelve hours. The analytics provider disclosed this on its official social media account. Whales are accumulating $BTC!2 whales have withdrawn 3,463 $BTC($219M) from #Binance in the past 12 hours!Address:bc1q57rcscs6ztj0xnslwkt4nervxkpen07h9h2jnr2hkwlg3lwuljrsdwt2m212993NM9fV8dSSQgbWDZSBVgqtPw4DaAXS pic.twitter.com/Ux4YXKrZ20 — Lookonchain (@lookonchain) September 24, 2024 Bitcoin Whales Amass $219M in $BTC Through Big Withdrawals from Binance Lookonchain pointed…

Software engineer Max Resnick sparked an intriguing conversation today on X with his bold take on Ethereum’s broader potential. Resnick highlighted that while Ethereum is often viewed as a ledger of record for its native asset, ETH, its capabilities extend far beyond being a store of value or a form of digital money. He emphasized that Ethereum represents “the future of finance.” His remarks resonated with the idea that Ethereum’s blockchain is not limited to being a digital silver or a decentralized version of Venmo. Instead, he emphasized Ethereum’s power to reimagine the global marketplace by improving market efficiency. The…

Cryptocurrency asset manager Grayscale announced new investment funds – Grayscale Sui Trust and Grayscale Bittensor Trust – on 7 August. We are proud to announce the creation of two new single-asset crypto investment funds, available through private placement: Grayscale Bittensor Trust $TAO and Grayscale Sui Trust $SUI.Available to eligible accredited investors.Press release: https://t.co/Xplh81KI9W1/3 pic.twitter.com/pGcLhcZSdD — Grayscale (@Grayscale) August 7, 2024 The strategic move underscores Grayscale’s dedication to broadening its product to meet the increasing demand for cryptocurrency. The new products aim to boost exposure to progressive digital currencies. Grayscale Head of Product and Research Rayhaneh Sharif stated, “With the launch…

Centralized Exchanges have reportedly shown record trading volume over the last seven days, dominating the crypto market. Binance retains the number one position in the distribution of the quarterly trading volume worldwide. According to the latest report on centralized exchanges (CEXs), the total CEX trading volume reached $131.17 billion in the week ending September. Binance dominates the market with $60.7 billion of the total market. TOP CENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Binance #Bybit #Cryptocom #OKX #Upbit #HTX #GateIo #MEXC #Coinbase pic.twitter.com/A6fnjI3Btr — PHOENIX – Crypto News & Analytics (@pnxgrp) September 30, 2024 Binance Maintains Dominance Binance has extended its…

In recent days, the prezzo di bitcoin has seen a rapid surge, surpassing the 64,000 dollar mark. This significant rise has been fueled by expectations of a possible monetary easing by the United States Federal Reserve (Fed). With traders betting on a second consecutive interest rate cut of 50 basis points, the odds of this move have increased up to 61%, creating a favorable atmosphere for digital assets like bitcoin. The price of Bitcoin and the monetary policy of the Fed The influence of interest rates on the price The influence of the global economic context Conclusion The price of…