Author: NBTC

It looks like U.S. spot Bitcoin ETFs are about to hit a major milestone, as Bloomberg’s Eric Balchunas thinks that Bitcoin held by these funds could cross the one million BTC threshold by next Wednesday. This means that ETF issuers could overtake Satoshi Nakamoto’s alleged 1.1 million BTC holding by mid-December – a huge moment for the cryptocurrency world. This timeline is picking up speed thanks to the current trend of adding about 17,000 BTC per week to these ETFs. But market conditions could change this, either pushing it back or speeding it up. Right now, the combined holdings of…

On November 8, a significant transaction transpired when the Pendle team moved 625,000 PENDLE coins, equating to around $3.37 million, to Binance. This transfer was notably timed with the unlocking of coins that had been allocated to the team from April 2022 through April 2023. Contents hide 1 What is the Coin Unlocking Process? 2 Could This Transfer Affect Market Stability? What is the Coin Unlocking Process? The Pendle team is permitted to unlock their coins according to a set vesting schedule. This process commenced in April 2022 and is set to wrap up in April 2023, allowing for a…

In a remarkable turn of events, Bitcoin (BTC) has reached unprecedented levels against the Turkish lira (TRY), marking another record high this year. This surge has been triggered by recent U.S. economic data, setting the stage for a swift price increase. However, BTC’s global price has yet to break the $72,000 mark, leaving traders eager for further developments. Contents hide 1 How High Did Bitcoin Rise? 2 What Factors Drove This Increase? How High Did Bitcoin Rise? Moments ago, Bitcoin climbed to 2,471,236 TRY, maintaining substantial six-figure values in the local currency for an extended duration. This fluctuation is a…

Large investors in the popular meme-inspired Shiba Inu (SHIB) cryptocurrency have added more than 1.12 trillion tokens to their wallets over the past 24 hours, according to data from IntoTheBlock. According to an analysis of the Large Holder Netflow metric, which tracks cryptocurrency flows to wallets holding at least 0.1% of the circulating supply of Shiba Inu tokens, there was an increase from -951.84 billion SHIB to 174.91 billion SHIB over the past 24 hours. Thus, we can see an increase of 1.127 trillion Shiba Inu tokens in net flows to the wallets of large investors. The netflow metric shows…

At the tail end of a month that saw numerous false breakouts, Bitcoin (BTC) has finally surged above the psychologically important $70,000 level — for the first time since June. The pioneering cryptocurrency is trading at $71,850 at the time of publication — having rallied by 102.45% compared to this time last year. Several key technical indicators are suggesting that this could be the start of a prolonged rally. With just two days left to go, it’s beginning to look like ‘Uptober’ could end on an even higher note. Bullish signals abound as BTC breaks resistance Bitcoin has been struggling…

Ethereum surpassed the $3,000 milestone, marking its highest level in three months, driven primarily by institutional access through regulated ETF products. Traditional financial institutions’ entry through ETF vehicles distinguishes Ethereum from other cryptocurrencies, potentially creating sustained buying pressure. Current market structure and volume patterns suggest a shift from retail to institutional-led price action, potentially signaling a new phase in Ethereum’s market maturity. Ethereum, presently the second largest cryptocurrency in terms of market capitalization, has soared past the $3000 mark and touched its highest level in three months, at least in part due to institutional adoption. The rise occurs at a…

As interest in cryptocurrencies surges, notable developments are emerging in the altcoin sector, capturing widespread attention. With the landscape becoming increasingly competitive, many teams are aiming to distinguish themselves through strategic collaborations. Recently, COTI Coin announced exciting advancements that signal its commitment to growth and innovation. Contents hide 1 What Are the New Partnerships? 2 How Will This Impact COTI Coin? What Are the New Partnerships? COTI Coin recently welcomed four significant protocols into its network, aligning with its goal of enhancing privacy and scalability. The latest partners include Bancor, Syncra, Band Protocol, and NFA, all of which are critical…

Bitcoin has surged 4% in the last 24 hours to above $71,000, with investors expecting the rally to continue as the US elections approach. While the expectation of an increase in the market continues, analysts from Singapore-based crypto trading firm QCP Capital evaluated Bitcoin and the situation in the market. Analysts said the rally in Bitcoin, which surpassed the $70,000 level for the first time in more than seven months, was supported by strong inflows in spot Bitcoin ETFs worth $1 billion and other factors. Stating that the rise in cryptocurrencies has also spread to crypto-related stocks, analysts said that…

Ethereum has seen a significant uptick in buying pressure near the $2.4K support level, driving an impulsive price surge and reclaiming several key resistance regions. This action is signaling a potential shift towards a bullish market sentiment, with higher price levels expected in the mid-term. By Shayan The Daily Chart The daily chart shows that intensified buying near the channel’s middle boundary of $2.4K has sparked a substantial upward move, allowing Ethereum to break through several critical resistance points: The 100-day moving average at $2.5K The descending channel’s upper boundary is around $2.8K The 200-day moving average at $3K This…

A blockchain analyst says Shiba Inu, the network behind the SHIB memecoin, deserves a place in the Ethereum ecosystem as a layer-2 solution. The analyst noted Shiba Inu’s traits and organization, saying the memecoin could be a failover gas token on Ethereum. https://twitter.com/CryptoLollla/status/1854775006187737209 The analyst highlighted several of Shiba Inu’s characteristics, including SHIB’s status as a decentralized blockchain token with no team or management organization. He also noted its position as the second-highest market-capped token on Ethereum, after Ether. Meanwhile, the analyst compared Shiba Inu with other protocols in the Ethereum ecosystem. He noted that Solana has two layer-2 eclipses…