Author: NBTC

10/20 update below. This post was originally published on October 18 Tesla billionaire Elon Musk, who could be about to put “dogecoin in the Treasury,” sparked bitcoin price panic this week when Tesla suddenly moved its bitcoin. The bitcoin price, which soared toward its all-time high of around $70,000 per bitcoin in recent weeks thanks to BlackRock and China, has stalled after Tesla’s $750 million worth of bitcoin moved to new addresses following two years of dormancy, sparking speculation Tesla may have sold off its remaining bitcoin. Now, as billionaire investor Stanley Druckenmiller issues a serious Federal Reserve warning, Elon…

US-based cryptocurrency investment firm Dragonfly Capital has divested its entire stake in AEVO tokens, transferring 62.62 million AEVO tokens to the FalconX exchange. This strategic decision amounted to a financial setback, as the sale generated around $25.04 million, resulting in an approximate loss of $36.84 million for the firm. Dragonfly Capital had held these AEVO tokens since May, indicating a significant reevaluation of their investment strategy. Contents hide 1 What Led to the Financial Loss? 2 Why Did Dragonfly Transfer to FalconX? What Led to the Financial Loss? Back in May, specifically between the 13th and 15th, Dragonfly Capital executed…

The cryptocurrency market sentiment can be as volatile as cryptocurrencies‘ price action, which includes the leader Bitcoin (BTC). Amid a growing bullish sentiment, Bitcoin short-sellers double down on their stance of a “huge bear market” taking form. In particular, the cryptocurrency trader and analyst Xanrox published an idea on TradingView warning of an incoming 50% BTC crash. While sharing the idea, Xanrox believes this is a good opportunity to short Bitcoin amid some positive price action. Essentially, the analysis presents a “fake bullish flag” within the short-term downtrend since March’s $73,800 all-time high. Interestingly, bullish flags are usually high-precision indicators…

The new and recent analysis by Chainalysis reveals that Italy received 54 billion dollars in crypto between July 2023 and June 2024, positioning itself among the main European economies in the sector, driven by the growth of stablecoins and DeFi. Let’s see all the details in this article. With an inflow of $54 billion in crypto, Italy climbs the European rankings, according to Chainalysis The role of European regulations The push of DeFi in Europe and some future prospects With an inflow of $54 billion in crypto, Italy climbs the European rankings, according to Chainalysis In recent years, Italy has…

Ethereum (ETH) is at a critical juncture as it approaches the $2,700 resistance level. This level could determine whether the altcoin market will see gains. After recovering from a sharp dip, Ethereum is trying to break through this resistance, which could set the stage for a rally to the $3,000 to $3,200 range. At its current price of $2,633.90, Ethereum remains in a trading range, with support zones at $2,556.77, $2,443.87, and $2,309.04. The resistance level is around $2,768, where it has historically encountered selling pressure. Source: Michaël van de Poppe Ethereum recently experienced a sharp sell-off, with its price…

The United States tops the global market in terms of the volumes received for cryptocurrency between July 2023 and June 2024. However, the United States leads other countries ahead with nearly $800 billion in crypto value. The U.S. 🇺🇸 holds the largest and most influential cryptocurrency market globally, driven by its wealth, innovation, and deep capital markets. It ranks 4th in crypto adoption and 1st in value received.That’s why the U.S elections are important. pic.twitter.com/bfgOR0JHJj — Satoshi Club (@esatoshiclub) October 19, 2024 According to the Chainalysis report, the U.S. is the largest recipient of Cryptocurrency value, to the tune of…

TRON’s daily active accounts have surged to an average of 2.62 million over the past month, according to TRONSCAN data. TRON founder Justin Sun has also announced an airdrop for TRX holders. 🙌On average, there were 2.62 million daily active accounts on #TRON over the past month. ✅In August 2024, the number of daily active accounts on #TRON increased by 0.56% compared to July 2024. pic.twitter.com/flchxaIfr5 — TRONSCAN (@TRONSCAN_ORG) September 24, 2024 This represents a 0.56% increase in daily active accounts in August 2024 compared to July 2024, suggesting continued growth in user engagement on the platform. From late 2023,…

The Bitcoin (BTC) market is currently giving off mixed signals. On-chain data indicates stability and caution, making it unclear whether the coin is charting its way toward the $64,500 high or eyeing the $49,500 low. This piece explores these on-chain metrics, what they mean, and what investors should look for. Bitcoin Holders at Crossroads The first key metric to examine is Bitcoin’s Net Unrealized Profit and Loss (NUPL)m, which gauges overall investor sentiment and profitability. Currently, the NUPL stands at 0.45, indicating that if investors sold their coins at current market prices, they would, on average, realize a 44% profit…

Democratic Party for the People (DPP) leader Yuichiro Tamaki has outlined pledges for crypto tax reform in Japan on social media yesterday (JST). He asked digital asset enthusiasts for their support in addressing the nation’s astronomically high cryptocurrency tax rates, and digitizing money. The political vans are rumbling down the streets once again in both small-town and big-city Japan, poisoning the beautiful October air with their unique brand of noise pollution. However, crypto heads may be paying more attention than usual to the loudspeakers shouting about this year’s general election. Yuichiro Tamaki, leader of Japan’s Democratic Party for the People…

Malone Lam is trending, this time as a hot meme that has risen to become one of the top trading pairs on decentralized exchanges. According to on-chain data, the Malone/Solana (SOL) trading pair on the Raydium DEX skyrocked more than 1,000% in 24 hours. The meme traded as a top DEX pair on Solana, hitting 24-hour volume of over $4.4 million. Its market cap stood at $751,000. Malone was trading at around $0.0006712, up about 927% in the past 24 hours. However, it previously hit a high of $0.0017713 on Raydium—the largest DEX platform on Solana. Dexscreener shows it hit…