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.

Bitcoin Exchange Binance Announces Listing of Many Altcoin Trading Pairs This Time!

ExchangesDec 5

Binance, one of the world's largest cryptocurrency exchanges, has announced that it has added new trading pairs and advanced trading bot services to its Spot platform, effective December 4, 2024. Binance Expands Trading Options with New Pairs and Trading Bots Services To expand trading options and improve user experience, Binance will open trading on the following pairs on December 4 at 08:00 UTC: EN/BRL EOS/FDUSD KAIA/USDC SAND/USDC XLM/FDUSD XLM/USDC Extended Trading Bots Services Binance will also be introducing trading bot functions to optimize trading strategies across various pairs: Spot Grid and Spot DCA Bots: AVAX/USDC METIS/USDT RONIN/USDT XRP/EUR Rebalancing Bot:…

Bitcoin on the Verge of Cracking 200-Day MA with Historic Parabolic Run Set to Follow

BitcoinDec 5

The ongoing bullish momentum in the crypto market is gaining strength, with analysts highlighting on-chain indicators that suggest a sustained uptrend for Bitcoin. On-chain analysts like Ali Martinez draw insights from Bitcoin’s historical trends around its 200-day moving average. In a Monday post on X, he noted that Bitcoin is again attempting to surpass this key moving average. Martinez emphasized that in the past three instances when Bitcoin broke above the 200-day moving average, it led to massive parabolic bull runs. Notably, the 200-day moving average is an important technical indicator that represents the average closing price of Bitcoin over…

ETH Gains 9% Weekly But The Road to $4K Has These Obstacles

EthereumDec 5

Ethereum is showing strong bullish momentum, driven by an influx of buyers. However, as the price nears a significant resistance level at $4K, market participants should anticipate a period of consolidation with the potential for heightened volatility. Technical Analysis By Shayan The Weekly Chart Ethereum has experienced an impulsive uptrend, fueled by buying activity near the $2.5K support region. This movement has led to a breakout above the key 100-day and 200-day moving averages, signaling a shift in market sentiment and confirming the buyers’ dominance. The asset is approaching the $4K resistance zone, a crucial psychological and technical level, likely…

60 Million XRP Shifted by Ripple to Anon Wallets Amid Partnership News

AltcoinsDec 5

According to on-chain data, Ripple has transferred 60 million XRP in different transactions to anonymous wallets. This development comes amid the announcement of a strategic collaboration between Garanti BBVA and Ripple aimed at enhancing the performance and security of Garanti BBVA's growing digital platform. According to Blockchain data tracker Whale Alert, the transfer of 60 million XRP, valued at approximately $30.1 million, was executed in two parts. The first transaction saw "30,000,000 XRP worth $15,908,943 transferred from Ripple to unknown wallet," while the second saw "30,000,000 XRP worth $15,908,943 transferred from Ripple to unknown wallet." 🚨 30,000,000 #XRP (15,908,943 USD)…

Coinbase expands Dogwifhat trading to New York

ExchangesDec 5

Coinbase users in New York can now trade the popular dog-themed meme coin Dogwifhat in one of the most tightly regulated cryptocurrency markets. According to a Dec. 3 announcement, Coinbase has made Dogwifhat (WIF) available for users in New York who can now “buy, sell, convert, send, receive or store” on the exchange’s website, iOS and Android applications. dogwifhat (WIF) is now available to New York residents on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps. — Coinbase Assets 🛡️ (@CoinbaseAssets) December 2, 2024 New York State enforces specific cryptocurrency business regulations, requiring companies to secure either a BitLicense…

94% of Bitcoin holders are in profit; will they sell?

BitcoinDec 5

The number of Bitcoin addresses in profit has significantly increased following its price surge above the $65,000 zone. According to data provided by IntoTheBlock, over 50.67 million Bitcoin (BTC) addresses have accumulated the asset below $65,500, accounting for 94% of the total BTC holders. The remaining 6%, around 3.37 million addresses, purchased Bitcoin for an average price of $68,139 with a total volume of 1.58 million BTC, per data from ITB. Of this tally, over 80,000 daily active addresses are in profit and around 247,000 holders are close to their initial investment, per ITB data. At this point, only 3,440…

Ethereum ETF Monthly Inflows Surge Past $1 Billion: Impact on ETH Price

EthereumDec 5

For the first time since its approval, Ethereum exchange-traded funds (ETFs) have recorded monthly inflows surpassing $1 billion, signaling a significant rise in institutional interest. This milestone coincides with ETH’s price climbing to $3,700, raising expectations for further gains in the near future. With institutional demand poised to bring long-term stability, the substantial inflows suggest that Ethereum is becoming a preferred asset for diversified portfolios. How will this affect ETH’s price? Ethereum Sees Improved Institutional Interest In September, Ethereum ETFs faced a tough month with net outflows of -22,678 ETH, indicating weak investor demand. However, October saw a dramatic rebound,…

Floki Has Something That Shiba Inu, Dogecoin Do Not

AltcoinsDec 5

A market commentator teased innovatory bragging rights that Floki has over Shiba Inu, Dogecoin, and PEPE after the launch of an auto-burn feature. According to a tweet from community enthusiast Scofield, Floki’s latest auto-burn mechanism among other features has given it an edge as it trumps those of notable meme coins like Shiba Inu and Dogecoin. Scofield noted that Floki Inu has a money printer that automatically buys and burns the FLOKI token, enhancing the meme coin’s deflationary course. Notably, his comments came after the Floki team announced a major breakthrough in its burn mechanism. Floki Inu Buy/Burn Mechanism Now…

Bitcoin (BTC) Surges to $66K as Uptober Ignites ATH Hopes

BitcoinDec 5

Bitcoin (BTC) surged nearly 7% on October 14, 2024, bringing its price close to $66,500 as it continues to build on steady demand since April. This rise puts the cryptocurrency within striking distance of its all-time high of around $73k. Key market indicators suggest that the token’s momentum is gaining strength, with several metrics pointing to a possible push toward record levels in the near term. Key Resistance Levels to Watch Bitcoin is approaching critical resistance levels that could define its near-term trajectory, with the token presently sitting 11% below its all-time high. As of press time, key resistance points…

Ethereum Breakout Targets $7,317 with Strong Momentum and Growing Investor Interest

EthereumDec 5

Ethereum’s breakout ends months of consolidation and signals a big move upward with clear price targets ahead. Market activity is rising as Ethereum holds strong above key support levels and builds momentum for higher gains. The bullish trend is driving attention from investors as the coin aims for new highs in the coming weeks. Ethereum has broken out of a descending, broadening wedge that lasted 280 days, indicating a shift in its trajectory. The breakout occurred as its cost climbed above $3,800, signaling a strong move toward bullish momentum and higher price levels. Analysts now forecast Ethereum reaching targets in…