Author: NBTC

Ethereum’s (ETH) price has been struggling to break from the resistance at $2,698 for over six weeks, with repeated failed attempts to secure a close above this level. This resistance has kept the altcoin king in consolidation, preventing further gains. However, market participants expect October to be the turning point for Ethereum, possibly setting the stage for a significant rally toward $3,000. Ethereum Is on Track to Rally The sentiment around Ethereum is notably bullish, especially among large investors. In the past month, addresses holding between 100,000 and 1 million ETH have accumulated over 600,000 ETH, valued at more than…

On August 7th, the cryptocurrency market saw significant gains across various projects. Neiro, an Ethereum-based token, led the market with a remarkable 44.4% increase in the last 24 hours. This surge brings its price to $0.278. With a market cap of $276 million and trading volume of $44.2 million, Neiro is gaining significant attention on Uniswap. Top 7 Gainers of the Day – Aug 7th@neiro_ethereum $NEIRO +44.4%@Popcatsolana $POPCAT +35.7%@mumu_bull $MUMU +32.2%@GetBlockGames $BLOCKK +31.9%@michionsolana $MICHI +28.5%@DriftProtocol $DRIFT +27.8%@dogwifcoin $WIF +27.5% pic.twitter.com/yntBtWSmwD — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) August 7, 2024 Popcat follows closely with a 35.7% price jump, reaching $0.597.…

Robinhood Markets announced today (Tuesday) the launch of cryptocurrency transfers for its European customers, marking an important expansion of its services in the region. The new feature enables users to deposit and withdraw two dozen digital assets, including major tokens such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USD Coin (USDC). The move comes in response to high demand from European traders and aims to provide greater flexibility and control over digital assets. To promote the new offering, Robinhood Crypto prepared a limited-time offer of a 1% match on all crypto deposits, paid out in the same cryptocurrency deposited.…

In response to a pro-Bitcoin investors’ statement, prominent Bitcoin critic and gold advocate Peter Schiff expressed his opinions on the cryptocurrency’s lack of usefulness. Without Bitcoin, the investor stressed, people are losing out on a major opportunity. Schiff responded to this by saying that Bitcoin is not as useful as resources like gold and oil, which are vital to the world economy. In his defense of gold and oil, Schiff emphasizes their practical advantages. In the jewelry and electronics industries, among others, gold is used as a trustworthy store of value. Conversely, oil is essential for manufacturing transportation and energy.…

Ethereum (ETH) has been trying to break the shackles and claim the next highs. However, the overall sentiment appears to be too negative at this point in time. Not only is the ETH price facing rejections from the next levels, it is also not getting the required support from crypto whales. Multiple Ethereum whales have recently been spotted selling their ETH holdings. It is a shocking situation because the broader sentiment on the crypto market is still on the bullish side. Bitcoin (BTC), the leading coin on the market, is holding well above the $64,000 price level. Some altcoins are…

According to breaking news, the Brazilian Securities and Exchange Commission (CVM) has approved the world’s first Solana Spot ETF. This new investment product, offered by QR Asset Management and distributed by Vortx, will be traded on the Brazilian Stock Exchange B3. Currently, 21Shares Solana ETP (ASOL) is listed in Switzerland on the SIX Swiss Exchange; CoinShares Physical Solana; Only Solana ETPs are traded globally, as are ETC Group Physical Solana and ETC Group Physical Solana, both of which are listed on the German exchange Deutsche Börse Xetra. The fund is currently in a pre-operational stage. During this phase, the ETF…

Strategy card battler Shardbound—which is built on Ethereum layer-2 scaling network Immutable zkEVM—will enter open beta on Steam and the Epic Games Store on October 9, Immutable Games announced Wednesday. This open beta period will run for an undefined period of time as the developers look to rapidly improve the game and “handcraft” its Web3 strategy before a full-fledged release. Shardbound is touted as Hearthstone meets Fire Emblem, blending elements of deck-building and card-collecting games with turn-based battlefield fighting, all while sprinkling in role-playing elements along the way. Each match can be won in a different way; players can craft…

The Bank of Russia is planning to investigate cross-border crypto transfers by residents, focusing on banking channels to assess the volume of crypto-related operations. Russia‘s central bank will conduct an investigation into cross-border crypto transactions by residents in Q4 and Q1 2025, according to its latest oversight program in a bid to identify and quantify operations involving the purchase and sale of cryptocurrencies. The investigation will focus on key factors such as transaction forms, transfer directions, counterparties, and the banks facilitating these transfers, the central bank said in a statement. The study will include major financial institutions like Raiffeisenbank, Citibank,…

Martin Hiesboeck, the lead researcher at the American exchange Uphold, argues that Bitcoin appears to be set for a surge close to the $70K level. Bitcoin started the week on a strong note, nearly touching $65,000 after a quiet weekend. Despite facing resistance, the crypto briefly dipped over $2,000 before regaining momentum. Over the past 12 hours, Bitcoin surged near $64,800, though it continues to struggle against the $65,000 resistance. Currently trading below $64,000, the market remains volatile as bulls attempt to push higher. Further Upside Potential? Amid this ongoing trend, industry leaders remain optimistic about Bitcoin’s future trajectory. Experts,…

Ethereum, the second largest cryptocurrency by market capitalization, has seen a massive surge in large transaction volume indicative of whale activity. According to IntoTheBlock data, Ethereum’s large transaction volume amounted to $5.69 billion, an increase of 230.12% in the last 24 hours. Large transactions are those above $100,000, and a surge in these kinds of transactions might signal increased whale activity, either buying or selling. The broader crypto market has recently drawn favorable sentiment, and Ethereum is no exception. According to the most recent CoinShares report, digital asset investment products saw $1.2 billion in inflows for the third week in…