Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

MicroStrategy Leveraged ETFs' Impact on Crypto Markets Is Growing: JPMorgan

RegulationDec 6

The increased size of leveraged MicroStrategy (MSTR) exchange-traded funds (ETFs) and the flows they attract are having a more pronounced effect on the company's stock and crypto markets than before, JPMorgan (JPM) said in a research report on Wednesday. These ETFs played a significant role in amplifying the stock's near-60% rise in November, the bank said. November saw a record of almost $11 billion flow into U.S. spot bitcoin (BTC), spot ether (ETH) and leveraged MicroStrategy ETFs combined, the report said, with the leveraged MSTR ETFs accounting for $3.4 billion, or almost a third, of the total. "This highlights the…

Bitcoin Prices Reach Highest Since Late September As Multiple Factors Fuel Gains

BitcoinDec 6

Bitcoin prices rose sharply today, climbing to their loftiest value since late last month as a wide range of variables drove gains. The world’s most valuable cryptocurrency in terms of total market value rallied to almost $66,500, according to Coinbase data provided by TradingView. At this point, it had appreciated close to 6.4% in under 24 hours after falling to nearly $62,450.00. Several analysts commented on these developments, highlighting the factors that helped trigger this bullish activity. Joshua de Vos, research lead at CCData, for example, emphasized the key role played by political developments. “A key factor is the upcoming…

The Top 5 Tokens Transforming Decentralized Finance in Q3 2024

AltcoinsDec 6

Jupiter surpassed Uniswap in daily trading volume, driven by a surge in memecoins and upcoming governance token airdrops. Aerodrome Finance became Base’s leading liquidity hub, achieving over 55% of token swaps and a remarkable annualized revenue of $192 million. Ethena Finance introduced a synthetic dollar, USDe, attracting interest alongside the governance token ENA, valued at a revenue multiple of 42x. Five standout tokens—JUP, AERO, ENA, LDO, and RAY—dominated the decentralized finance (DeFi) sector in the third quarter of 2024. These coins belong to some of the most innovative decentralized exchanges (DEXs) and protocols, contributing to significant growth in DeFi markets.…

Stochastic Breakout Hints at Major Rally

BitcoinDec 6

Bitcoin shows a stochastic breakout pattern, indicating a potential rally ahead. Key technical indicators signal bullish momentum and increased investor excitement. Analysts predict possible new all-time highs if resistance levels are broken. Bitcoin (BTC) is once again printing a familiar pattern that has many investors excited— the Stochastic breakout. This chart pattern often signals that the price of an asset is nearing a pivotal moment. Previously, similar signals have sparked massive rallies, and current indicators point to a familiar setup. Many are drawing comparisons to 2021, when Bitcoin surged to new highs. If all factors remain constant, Bitcoin could soon…

Surge in XRP Whale Activity Amid Ongoing SEC Battle

AltcoinsDec 6

Ripple’s XRP has gained attention due to increased whale activity recently. More than 35,000 wallets made transfers, indicating growing investor interest. Ripple’s ethical fight may shape the future of XRP in the trade. Ripple’s XRP has seen a big rise in whale activity. This indicates growing investor interest as it faces legal challenges from the U.S. Securities and Exchange Commission . Currently, XRP trades around $0.547 and shows a recovery of about 2% over the past week. The increase in whale activity includes over 35,700 unique wallets making transfers in a single day. This surge suggests that investors are strategically…

This Chart Indicates Bitcoin May Be Headed For Record Highs Above $73K

BitcoinDec 6

BTC's "three-line break chart" suggests a bullish resolution of the seven-month-long corrective trend and scope for a move to record highs. Candlesticks indicate stiff resistance at around $70,000. Traders fixated on bitcoin's (BTC) daily candlesticks chart may be bored, as despite Monday's rally, prices remain locked in a seven-month-long descending channel. However, a lesser-tracked "three-line break chart" now suggests a bullish outlook favoring a move to record highs. The leading cryptocurrency by market value rose over 5% to $66,000, registering its biggest single-day gain since Aug. 23, according to CoinDesk Indices data. Still, the daily candlesticks chart suggests a neutral…

GalaChain Launches New Decentralized Network

AltcoinsDec 6

Gala has taken significant strides by announcing its new decentralized network, GalaChain, which aims to enhance token value amidst the competitive altcoin landscape. The development comes as various cryptocurrencies are establishing their networks to facilitate reduced transaction fees and strengthen community engagement. GalaChain’s launch signifies a pivotal move for the platform. Contents hide 1 What is GalaChain’s Purpose? 2 How Will GalaChain Improve Security? What is GalaChain’s Purpose? GalaChain, in partnership with LF Decentralized Trust, has introduced a whitepaper detailing its decentralization plans. The network focuses on improving security, scalability, and flexibility, setting forth a structured roadmap that unfolds in…

Axie Infinity Launches User-Friendly Adoption Center for Gamers

GameFiDec 6

Axie Infinity’s Adoption Center simplifies onboarding for new players, providing delegated Axies and mission-based rewards. Players can complete missions to earn points and permanently adopt Axies, enhancing their connection to the Lunacia ecosystem. Axie Infinity has launched the Axie Adoption Center, an initiative aimed at making onboarding easier for new players. This new function seeks to remove obstacles for people wanting to join but unclear of where to start as the platform keeps extending its digital nation. By streamlining the procedure, users of the Axie Adoption Center can link their Ronin Wallet, answer a few questions, and receive assigned Axies…

Bitcoin Rises as China Stimulus and Multiple Bullish News Fuel Crypto Gains

BitcoinDec 6

China’s unclear fiscal stimulus measures have fueled a surge in bitcoin, pushing the cryptocurrency to a two-week high and sparking speculation that investors may shift to cryptocurrencies over Chinese equities. The uncertainty surrounding the scale of China’s economic efforts has prompted capital rotation into alternative assets like BTC. Adding to the momentum, rising odds for a pro-crypto U.S. presidential candidate and a delay in Mt. Gox repayments have strengthened market sentiment. Bitcoin Surges Amid China’s Stimulus and US Presidential Speculation Bitcoin surged to its highest level in two weeks following mixed reactions to China’s latest stimulus efforts, fueling speculation that…

Pudgy Penguins Hit All-Time High Price as NFTs Rebound With Bitcoin Above $100K

NFTDec 6

Prominent Ethereum NFT collection Pudgy Penguins has seen a more than 40% price pump this week, notching a new all-time high of more than $62,000 amid a crypto rally that pushed Bitcoin above $100,000 for the first time late Wednesday. The collection, which consists of 8,888 penguin NFT profile pictures (PFPs), previously held an all-time high floor price of just more than $57,000 that it set in February 2024, according to data from NFT Price Floor. The floor price of a collection refers to the lowest asset price listed for sale on a secondary marketplace. The swift flight higher for…