Author: NBTC
Bitcoin’s resurgence in 2023 has created wealth for many crypto investors, as there has been a significant rise in the number of Bitcoin millionaires. These Bitcoin millionaires happen to be wallet addresses whose BTC holdings equal $1 million or above. Number Of Bitcoin Millionaires According to data from BitInfoCharts, there are currently 97,497 Bitcoin millionaires. This represents a significant increase from the beginning of the year when the number of wallet addresses equal to $1 million and above stood at 23,795, according to data from Glassnode. This development is attributed to the resurgence in Bitcoin’s price this year, with the…
Billionaire Tim Draper has predicted a new all-time high for Bitcoin, foreseeing a staggering $250,000 rise for the cryptocurrency in 2024. Bitcoin To Reach $250,000 In a recent exclusive interview with Coin Bureau, a crypto informational portal, American venture capital investor, Tim Draper and Co-founder and CEO of Real Vision, Raoul Paul shared compelling insights on the outlook of Bitcoin and other cryptocurrencies in the space. During the engaging conversation, Draper expressed highly bullish sentiments regarding Bitcoin’s future trajectory. When asked about his thoughts on Bitcoin’s price prediction, Draper confidently stated that BTC is poised to reach $250,000 soon. He…
BNB Chain has announced hosting the opBNB festivities celebration. The same will begin on December 28, 2023, and end on January 17, 2024. It is being linked with the upcoming New Year’s Eve to spark interest in the minds of community members. However, the reward pool of $450k+ as a Giveaway is likely to work the most. Only select members of the community can participate. They must have held BAB tokens on opBNB or BSC, held opBNB Genesis NFT or BNB Chain 3YA NFT, and engaged in transactions for at least 5 days prior to the commencement of the event.…
Zeepr Labs has announced that Zeepr is now live on EOS EVM, allowing its community members to leverage the holding of $EOS as collateral. This partnership aims to expand their ecosystems and strengthen connections with public chains. Benefits to the EOS Community, at the moment, pertain to using their holdings as collateral to open perp positions of trending assets. Calling this an exciting step, Zeepr Labs has expressed its confidence that the ecosystem expansion will be mutually executed to benefit both partners. Meaning both of their ecosystems would eventually expand. Zeepr Labs is celebrating the development by drawing 20 users…
With 2023 drawing to an end, the crypto market is finally experiencing some relief from years’ worth of slugfest. The crypto crystal ball predictions also suggest a bright future for the industry. The predictions expect 2024 to be the year for scaling solutions, interoperability, and Bitcoin dominance. According to the predictions, interoperability solution providers will lead the drive. Names like Robinson Burkey (Wormhole) predict that the next wave of development will be trustworthy, decentralized, and secure interoperability between protocols. Similarly, Avalanche and Solana will dominate the scaling solutions market. Brian Evans from BDE Ventures expects the networks to lead the…
According to a report from crypto analytics firm IntoTheBlock, Ethereum has recorded an 85% increase in its market cap over the last year, moving from around $149.18 billion to its current value of $275.98 billion. However, in comparison with other major assets, ETH performance still leaves more to desire, especially considering the many positive developments experienced by the asset in 2023. Ethereum Underperforms Ethereum (ETH) has been one of the major headliners in the crypto space in 2023. The second-largest cryptocurrency and the most prominent altcoin has continued to retain investor interest marked due to several factors. One of these…
The bulls seem to be back in control following the return of the Bitcoin price to above $43,000 this past week. This positive run comes on the back of a period where the premier cryptocurrency struggled, falling below $41,000 at some point. However, the market leader appears to have regained most of its lost momentum, with new heights now in sight. A popular crypto pundit on the X platform has put forward a new prognosis and set a new target for the Bitcoin price. BTC Price To $47,000? Here’s What Needs To Happen In a post on X, crypto analyst…
The former CEO and co-founder of crypto exchange BitMEX, Arthur Hayes, has shared his thoughts on what could lead to Bitcoin’s downfall. His recent comment also echoes the reservation that the crypto founder has about the potential launch of Spot Bitcoin ETFs. TradFi Could Lead To Bitcoin’s Downfall In his last article for the year, Hayes stated that TradFi asset managers would “completely destroy Bitcoin” if the ETFs managed by them were a huge success. He made this assertion as he alluded to Bitcoin’s uniqueness. Hayes mentioned that the foremost crypto token is different from “every other monetary instrument humanity…
The flagship cryptocurrency, Bitcoin, seems to be cooling off following months of experiencing a resurgence on the back of the Spot Bitcoin ETF potential approval rumors. This has led to concerns that the rally might be over, a theory that is boosted by the recent action of the largest holders of the crypto token. Bitcoin Whales Offload Some BTC Holdings In a post on his X (formerly Twitter) platform, crypto analyst Ali Martinez highlighted a report from the market intelligence platform Santiment, which showed that Bitcoin whales had sold around 50,000 BTC over the past week. This has raised eyebrows…
In the past week, Bitcoin recorded an overall positive performance, gaining by 3.45%, according to data from CoinMarketCap. This price rise adds to BTC’s bullish form in the last 30 days, during which the maiden cryptocurrency has surged by 16.78%. However, despite this market uptick, there appears to be a growing trend of caution among Bitcoin traders, indicating fear of a potential price dump. Analyst Highlights Evidence Of Growing Caution In The Bitcoin Market In an X Post on Saturday, popular crypto analyst Ali Martinez shared an interesting observation regarding the Bitcoin market with his 37,000 followers. According to Martinez,…