Author: NBTC
As Bitcoin surges towards its all-time high of $69,000, the cryptocurrency market is optimistic. Beyond the price rally, Bitcoin’s market capitalization has reached a new milestone, surpassing its November 2021 peak and overtaking Meta Platforms. Additionally, MicroStrategy’s stock experiences a significant surge, reaching levels not seen in two decades, fueled by the firm’s commitment to buying more Bitcoin. Bitcoin’s Market Cap Milestone and Its Global Impact Bitcoin’s bullish trend has propelled its market capitalization beyond its previous peak of $1.3020 billion in November 2021. The optimism in the Bitcoin market goes beyond price appreciation, with reports indicating its ability to…
Despite the successful implementation of the Ethereum Dencun Upgrade last week, the ETH price witnessed strong selling pressure correcting over 10% as it failed to hold the $4,000 resistance. As of press time, the Ethereum (ETH) price trades at $3,574 with a market cap of $430 billion. While Bitcoin witnessed some bounceback during the last weekend, ETH continued to remain in the grip of the bears. Majority of ETH Holders Are Profitable In recent trading sessions, the Ethereum (ETH) price experienced a notable decline, slipping over 10% from their recent peak of $4,000. Despite this downturn, a significant portion of…
Dog-themed cryptocurrency Shiba Inu has seen a 422% surge in whale transaction volume, the largest in nearly a year. According to IntoTheBlock data, the large transaction volume for Shiba Inu, which indicates whale activity, whether buying or selling, has increased by 422.58%. This equates to $374.98 million in monetary terms and a staggering 28 trillion SHIB in cryptocurrency terms. This is the highest in the last seven days. Notably, Shiba Inu has reached a yearly high for large transaction volume, with 28 trillion SHIB recorded in the last 24 hours. A large transaction volume of this magnitude was last seen…
In a significant development, Oklahoma has passed a landmark bill. This bill aims at protecting the rights of Bitcoin users. It marks the state as the 12th in the United States to undertake such a legislative initiative. The move is a considerable victory for the cryptocurrency community. This comes amidst increased scrutiny from federal entities like the Securities and Exchange Commission (SEC). Digital currency freedom expands with Oklahoma bill The Bitcoin rights bill saw overwhelming approval in the Oklahoma State House. It passed with an 81-1 vote. Representative Brian Hill championed the bill. It received backing from the Oklahoma Bitcoin…
Bybit, one of the world’s top three crypto exchanges by trading volume, and Solana, one of the fastest-growing ecosystems in the blockchain sphere, joined forces for a live stream discussion with other dApps. The event showcased the remarkable growth of the Solana ecosystem and unveiled exciting plans for the future, with a focus on delivering value to the blockchain ecosystem. Partnerships with solid projects During the livestream, Ben Zhou, co-founder and CEO of Bybit, emphasized the importance of partnerships with solid projects, resilience, and vision, reflecting Bybit’s strategic approach to collaboration within the cryptocurrency ecosystem. We are drawn to projects…
Share: Bitcoin price is trading within the upper range of the November 2021 supply zone as crypto markets rally. BTC could reclaim its $69,000 peak, a level last seen in November 2021, with the potential for an extension to $70K. The pioneer crypto’s market capitalization has already set a new record, breaching the $1.3020 billion threshold. Bitcoin (BTC) price is steadily edging towards its 2021 peak, just a tad away as markets show optimism. Trading activity remains sky-high with all signs pointing to the pioneering cryptocurrency reclaiming its peak. Bitcoin inches closer to its peak price Bitcoin (BTC) price is…
Ethereum’s price has finally reached a significant obstacle following months of rallying. Yet, there are still reasons to be optimistic that the market can climb higher. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rejected from the $4,000 resistance after rallying consistently since the beginning of February. The price has dropped to the $3,600 support level, which is currently holding. If ETH rebounds from here, the market might be able to rise above $4,000 and make a new all-time high in the coming weeks. On the other hand, a breakdown can lead to…
Shiba Inu (SHIB) recorded a massive 47% uptick in February, an upshoot that stirred a shift in the total number of addresses in profit. Shiba Inu is one of the major beneficiaries of the ongoing bull run, stirred by the jump in the price of Bitcoin (BTC) above the $60,000 resistance zone. SHIB did not just join the rally, it changed the fortune of its holders. Data from the crypto analytics platform IntoTheBlock (ITB) currently pegs the SHIB addresses in profit at 55.47%. SHIB Profitability Spikes Notably, addresses enter profitability when the current price of the token exceeds the price…
EU lawmakers have adopted three key texts in a broad anti-money laundering legislative package that will also apply to crypto. In a joint meeting, the Committee on Civil Liberties, Justice and Home Affairs and the Committee on Economic and Monetary Affairs voted for the texts after a political agreement on the package was reached in January. Two lawmaker committees in the European Parliament on Tuesday adopted three major texts in a broad anti-money laundering legislative package that also applies to crypto. The vote follows a political agreement on the Anti-Money Laundering Regulation (AMLR) in January, which will require crypto service…
Sygnum, a leading global digital asset bank, tokenized USD 50 million of Matter Labs’ treasury reserves onto the zkSync blockchain in a groundbreaking move. This is a major step toward digital asset economy integration in finance. Sygnum’s security tokens are on-chain copies of Fidelity International’s huge USD 6.9 billion Institutional Liquidity Fund (ILF). Sygnum, Matter Labs, and Fidelity’s collaboration shows how blockchain could change finance. Matter Labs Explores zkSync for Ethereum Scaling Known for its software development, engineering, and cryptography skills, Matter Labs is working on scaling Ethereum and improving zk-rollup technology like zkSync. This innovative project is based on…