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.

Analyst explains why not short Bitcoin right now

BitcoinNov 27

Bitcoin’s (BTC) price volatility can offer both long and short opportunities for traders speculating on different time frames. However, an analyst navigated through the BTC price chart, explaining why shorting Bitcoin is not a good idea right now. In a video uploaded on October 18, CrypNuevo first analyzed Bitcoin in a high (HTF) and low (LTF) time frame. While the LTF is more volatile and could offer some short opportunities for day traders and scalpers, he suggested swing traders avoid opening shorts, as indicators suggest BTC will continue going up. The analyst also looked at the Bitcoin Dominance Index (BTC.D),…

Russia’s central banker behind CBDC steps down

RegulationNov 27

The key figure behind Russia’s central bank digital currency initiative has resigned from the central bank, ending her leadership role in the country’s digital currency initiative. A key mastermind behind Russia‘s central bank digital currency — also known as the digital ruble — and the country’s domestic digital payments infrastructure known, Olga Skorobogatova, has stepped down from her post as first deputy governor of the Bank of Russia, the regulator announced in a press release. While the reasons behind Skorobogatova’s resignation remain unclear, Elvira Nabiullina, head of the central bank, praised her strategic vision, noting that the “true value” of…

Xandeum confirms the October 29 XAND token launch and xandSOL liquid staking

AltcoinsNov 27

Xandeum, Solana (SOL) based storage scaling project, has confirmed the upcoming XAND token launch and liquid staking program (LST), as reported to Finbold on Tuesday, October 29. Launching on October 29 at 16:00 UTC, the XAND token will empower members to earn rewards while engaging with the Xandeum’s ecosystem. Both centralized and decentralized exchanges (DEXs), such as Raydium and MEXC, have already expressed support for the token. XAND token airdrop This launch entails a 60 million XAND token airdrop for eligible users. Through DAO governance, the XAND token offers substantial utility as one of Solana’s most versatile assets. Early SOL…

Bitcoin Holding 57.6% Dominance as ApeCoin Sees $5.53M in Liquidations

BitcoinNov 27

As of October 20, 2024, the cryptocurrency market continues to show mixed movements across various coins, with Bitcoin (BTC) maintaining a solid dominance and certain altcoins experiencing notable volatility. Here’s a breakdown of key statistics and events from the day, along with insights into market sentiment and liquidations. Daily Summary on October 20, 2024$APE $JUP $IMX $BEAM $GALA $APE $BTC $DOGE $SOL $DIA#dailysummary #DeFi #Crypto pic.twitter.com/jHBez6KPwC — PHOENIX – Crypto News & Analytics (@pnxgrp) October 20, 2024 The total cryptocurrency market cap is $2.35 trillion, with over 30,646 currencies actively traded. Over the last 24 hours, the market saw a…

How Trump’s proposed tariffs could affect crypto

RegulationNov 27

Donald Trump wants to impose tariffs of 25% on all trade products coming from Canada and Mexico as well as an additional 10% on Chinese goods. How will Trump’s tariffs affect the crypto market? In a Nov. 26 post on his social media site Truth Social, U.S President-elect Trump announced the international tariffs would remain in place “until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country.” Throughout his presidential campaign, Trump placed trade tariffs high on the list of priorities, specifically aiming the spotlight on Mexico. He told Mexico’s President Claudia…

Expert Names Altcoins Better Than Shiba Inu, XRP, and Dogecoin

AltcoinsNov 27

Market expert Murad has fueled an argument in the crypto community after mentioning tokens that are allegedly better than heavyweights Shiba Inu, XRP, and Dogecoin. Utility tokens like XRP and Chainlink offer considerable use cases for the crypto industry. For context, XRP boasts fast, cross-border transactional capabilities, while Chainlink provides off-chain data for smart contracts. Notably, XRP is the seventh-largest cryptocurrency by market cap, trading at $0.5236 and with a valuation of $29.7 billion. On the other hand, Chainlink occupies the 15th slot, exchanging hands at $11.48 with a valuation of $7 billion. Meanwhile, Dogecoin and Shiba Inu are the…

Bitcoin’s Dominance Spiked 14% in 2020—Could the Same Altcoin Rally Happen Again?

BitcoinNov 27

Bitcoin’s dominance spiked 14% in 18 days during 2020, drawing liquidity from altcoins. Historical patterns suggest a potential decrease in Bitcoin dominance could trigger another altcoin rally. Investors are cautiously watching for signs of Bitcoin liquidity shifting, which could signal the start of a new altcoin season. Season of many new alt coins could be around the corner as the Bitcoin dominance index dramatically changes again. Real-world data from 2020 indicates that a steep ascent of Bitcoin dominance could be quickly corrected but this will spur new action and possibly even the altcoins market. In 2020, when bitcoin made the…

Tokenized US Treasury Market Hits $2.5 Billion With Real World Assets Exceeding $13 Billion

RegulationNov 27

The tokenization of real-world assets is growing at a rapid pace with assets exceeding a combined value of $13 billion. Interest in Tokenized U.S. Treasury Market Heating Up The tokenized U.S. Treasury market has reached $2.5 billion in value, reflecting a rapid embrace of blockchain technologies for digitizing traditionally illiquid real-world assets (RWAs). This is according to data from rwa.xyz, a central repository for tracking every tokenized real-world asset. Concurrently, the broader RWA sector has seen tokenized assets exceed $13 billion in value across various categories, including private credit, stocks, global bonds, and stablecoins, highlighting a broader trend of financial…

Pundit Discusses Ripple and XRP Roles in $27 Trillion Cross-Border Payments Market

AltcoinsNov 27

Max Avery, a notable voice in the crypto community, recently highlighted the transformative potential of XRP and Ripple’s solutions in the $27 trillion cross-border payment market. Avery pointed out that Ripple’s technology addresses some of the most entrenched inefficiencies in traditional banking infrastructure. He noted that this positions XRP as a key asset in reshaping global cross-border payments. Among all the DeFi developments happening on the #XRPL – It’s important to revisit the cross-border payment market. The current cross-border space is around $27 trillion, and old systems are slow and expensive. @Ripple's solutions, settling in #XRP, could change how money…

Bitcoin Gets Yet Another Bullish Signal as Prices Near $70K

BitcoinNov 27

A widely-tracked momentum indicator has flipped bullish for the first time since April. A similar bullish flip happened at the onset of the late 2023 rally and in late 2022, marking the end of a brutal downtrend. A bitcoin indicator that warned of seller exhaustion in early September has flipped bullish, bolstering the case for a move above $70,000. The moving average convergence divergence (MACD) histogram, a technical analysis indicator used to gauge trend strength and changes, has flipped positive on the weekly chart for the first time since April, according to charting platform TradingView. It signifies a renewed upward…