Author: NBTC

Ethereum (ETH) price dipped to its 2-week low at $3.2K within the last 24-hour window. ETH’s 30-day realized volatility experiences a drop from 79% to 76%. This largest altcoin records a fear and greed index of 56, emphasizing greed. Ethereum (ETH), the world’s second dominantly valued cryptocurrency, fumbles down to its lowest point of $3,202 in a fortnight. At the moment, the question, “Will ETH slide further to $3K?” still hangs in the air. ETH 4H Price Chart (Source: TradingView) As per the price chart, ETH/USDT is trapped in a downtrend with a bearish MA (moving average) cross-over — the…

Federal Reserve Chairman Jerome Powell gave an update on the economic outlook in his speech now at the Stanford Graduate School of Business and emphasized a cautious and balanced approach. Powell stated that the FED does not foresee any interest rate cuts until there is more confidence in inflation. He noted that it was too early to tell whether the latest inflation data was more than a temporary increase. The Fed continues to believe its policy rate is likely at its peak for this cycle. According to Powell, the US economy remains solid with strong growth. However, the labor market…

Shiba Inu saw a massive 39% dominance in the meme coin market volume last week, outperforming Dogecoin amid a cumulative $80 billion volume. The meme coin market recorded an impressive uptrend from late February to early this month, with most assets in this category witnessing massive price surges. This led to a rapid spike in the cumulative market cap of the meme coin market and an increase in volume as investors moved to ride on the upsurge. Meme Coin Market Records $80B Volume Market intelligence platform Kaiko recently disclosed that this rise in cumulative volume spilled into last week. Notably,…

AltLayer, a prominent player in the blockchain space, has announced an exciting partnership with Xterio Games, Through this partnership, they will introduce an innovative gaming-focused restaked rollup. This groundbreaking initiative will tap into Eigen Layer’s shared security model, marking a significant milestone in the intersection of gaming and artificial intelligence (AI). Pumped to partner with @XterioGames to launch the first-ever gaming & AI-centric #RestakedRollup that taps into @eigenlayer’s shared security model. The chain operates as an L2 settling on @ethereum, using @Optimism’s OP stack & @eigen_da for its DA needs.… pic.twitter.com/2MWgDwHzTL — AltLayer (@alt_layer) April 4, 2024 AltLayer and Xterio…

The on-chain analytics firm Glassnode has explained that Bitcoin tends to reach a potential top when the long-term holders show this pattern. Bitcoin Long-Term Holders Have Been Ramping Up Distribution In a new report, Glassnode discussed the influence that the BTC long-term holders have on the cryptocurrency’s supply dynamics. The “long-term holders” (LTHs) here refer to the Bitcoin investors who have been holding onto their coins for more than 155 days. The LTHs comprise one of the two main divisions of the BTC user base based on holding time, with the other cohort known as the “short-term holders” (STHs). Historically,…

In a bold move that has caught the attention of the cryptocurrency market, Michael Novogratz’s Galaxy Digital Holdings has made a significant purchase of 6,000 ETH worth $19.8 million. This acquisition comes amid a backdrop of increasing institutional interest in Ethereum, indicating a growing recognition of its potential. The purchase also comes at a time when Ethereum’s price has experienced a notable drop, a factor that did not deter the investment firm from capitalizing on the opportunity. Besides Galaxy Digital, Asia-based blockchain-focused venture capital firm Fenbushi Capital has also snapped up a sizable quantity of ETH: 5,207.4 ETH worth $17.2…

South Korea will participate in a collaborative project involving central banks and commercial lenders from seven economies that seeks to explore the tokenization of cross-border payments. Along with the Bank for International Settlements (BIS), this initiative marks a significant milestone for Korea, highlighting the country’s efforts in the development of a central bank digital currency (CBDC). According to a report by TheKoreaTimes, the inclusion of Korea in this global financial endeavor could open up new opportunities for its private financial and business entities in the digital finance space, particularly in trade financing. The project, which includes central banks from five…

Introduction of USDM Stablecoin The USDM stablecoin will initially roll out in 19 US states, providing users with a seamless fiat on-ramp to the Cardano ecosystem. USDM will function as a fungible native asset on the Cardano blockchain, issued under the official policy ID(s) of Mehen Finance LLC. Mehen Finance, the issuer of USDM, adheres to stringent KYC/AML policies, ensuring compliance with all relevant US laws and regulations. Mehen Finance prioritises regulatory compliance, including OFAC sanctions, Bank Secrecy Act reporting, and anti-financial crime statutes at both federal and state levels. Through robust identity verification procedures and third-party services, Mehen safeguards…

The arrival of the Saga mainnet appears imminent,and the SAGA token itself has a listing date. That’s thanks to massive crypto exchange Binance, which announced a Binance Launchpool program to reward customers with SAGA tokens for staking other coins—and half of the initial circulating supply will be offered up through the promo. Binance will list the SAGA token on April 9, and up until that point, Binance customers can stake Binance Coin (BNB) or the FDUSD stablecoin into rewards pools via the Launchpool website to earn a share of tokens upon launch. SAGA will have an initial circulating supply of…

Bitcoin traders are preparing for a potential extended decline in the token’s price, with options data suggesting a bearish outlook in the near term, according to crypto options exchange Deribit. The volume of Bitcoin put options expiring on March 29 has exceeded call options in the past 24 hours. This shift in the put-to-call ratio, a key indicator of market sentiment, signals that traders are bracing for a potential drop in Bitcoin’s price. The strike prices of these put options are clustered around $50,000 and $45,000 on the platform, while Bitcoin traded at around $63,500 on Friday. David Lawant, head…