Author: NBTC

The Spain National Fan token (SNFT) has dropped 20% in the past 24 hours. The losses likely represent “sell-the-fact” losses following Spain’s victory in UEFA championship. Spain is reveling in the UEFA 2024 soccer championship victory, but the national team’s official cryptocurrency, the Spain National Fan token (SNFT), is unenthused. On Sunday, Spain defeated England in the finals of the UEFA tournament, clinching a record fourth European Championship title as England’s decade-long wait for a major tournament win continued. Still, the SNFT token has dropped by 20% to $0.024 in the past 24 hours and had a market capitalization of…

Bitcoin (BTC) fell by nearly 6% in the last 24 hours and briefly lost the $60,000 price level. As BTC retests its previous all-time high as a support, the trader identified as Rekt Capital shared on X that history suggests the maintenance of this support with no further downside below it, as BTC was never capable of breaking the re-accumulation range resistance early in the post-halving period nor lost the support during this period. #BTC Bitcoin was never able to break the ReAccumulation Range High so early in the Post-Halving period BTC has also never lost its ReAccumulation Range Low…

Synthetix’s former treasurer claimed they “had nothing left” after being liquidated as crypto markets plunged over the weekend. The company’s founder unlocked $6.5 million from the derivatives liquidity protocol’s treasury and sent $86,000 to the former employee, on-chain data appear to show. The treasury contains $39.4 million. On-chain data appear to show that Synthetix founder Kain unlocked $6.5 million from the project’s treasury and transferred $86,000 to SynthaMan, its former treasurer, who was liquidated during the weekend’s crypto market plunge, blockchain sleuth EmberCN posted on X. EmberCN also said SynthaMan also received approximately $112,000 in donations in the past two…

Ethereum collapses 32% in a week, with an 18% drop in the last 24 hours alone, as the crypto market as a whole records its largest dip this year. The Ethereum (ETH) price action on the daily chart shows a dramatic decline with the current price at $2,350 down by 12.35% for the day. This drop has pushed Ethereum below the lower Bollinger Band, currently at $2,650, a key index for indicating that the asset may be oversold. ETH 1D chart – Aug. 5 | Source: crypto.news The Bollinger Bands indicate heightened volatility, with the bands expanding significantly. Ethereum’s position…

Ethereum price has staged a strong comeback in the past few days, helped by the strong Bitcoin rebound. The ETH token has risen for four straight days and has moved to its highest point since July 3rd. It has jumped by 20% from its lowest point last week, meaning it has moved into a technical bull market. Spot Ethereum ETF approval Ethereum price has rallied because of the rising hopes that the Securities and Exchange Commission (SEC) will approve a spot Ether ETF soon. Analysts believe that the approval will happen as soon as this week. Several companies have applied…

On Aug. 7, 2024, bitcoin’s price moved within a 24-hour range between $55,742 and $57,607. This lower price bracket has significantly reduced bitcoin mining revenue, causing the estimated daily value of 1 petahash per second (PH/s), also referred to as the hashprice, to drop below $36 two days prior. Miners Grapple With Unprecedented Low Hashprice As of Wednesday at 10 a.m. EDT, data from Luxor’s hashrateindex.com shows that the hashprice, or the projected daily value of 1 PH/s, is holding steady at $39.83 per petahash. While this is a significant low for miners, it represents a slight recovery from two…

The Bitcoin price has experienced a significant correction after failing to consolidate above the $70,000 level and retesting its all-time high of $73,700, which it reached in March. With a retracement of nearly 10% over the past week, BTC is now trading just above support at the $60,000 level. However, based on historical data, further price drops may be expected in the coming days, aligning with patterns observed before explosive bull runs. Bitcoin Price Analysis Crypto analyst Rekt Capital has compiled data showing the depth and length of retracements during previous market cycles. Historical patterns show retracements of approximately -23%…

DeFi protocol Li.Fi has announced its expansion into the Solana ecosystem, aiming to enhance user experience across decentralized applications (dApps) by facilitating cross-chain interactions, according to an Aug. 7 statement shared with CryptoSlate. Phillip Zentner, the CEO and Founder of Li.Fi emphasized the significance of this expansion, pointing out that it would allow the protocol to offer a straightforward and secure way to manage assets within Solana’s ecosystem. Notably, LiFi’s expansion is coming less than a month after the platform suffered a $10 million hack on the Ethereum and Arbitrum networks. The protocol has since resolved the issue and is…

The Ethereum market has seen a sharp 37% decline recently, driven by growing fears of an impending economic recession. This downturn has sparked widespread fear among investors, leading to increased selling pressure. With this in mind, the critical question now is how much further this bearish trend might extend. By Shayan The Daily Chart A detailed examination of Ethereum’s daily chart reveals that the cryptocurrency market has been under intense selling pressure due to widespread concerns over a potential economic recession. Since Friday, ETH has experienced a significant 37% drop, driven mainly by selling activity from smart money, likely aimed…

Nova’s CEO has announced that it would unveil a new debit card within the Polkadot ecosystem in September, enabling users to “off-ramp their tokens” globally. From late last year, Polkadot has experienced a boom in network activities as parachains active addresses reached 514,000, a 48% increase in QoQ. CEO of Novasama Technologies and Nova Wallet Anton Khvorov has announced a groundbreaking initiative that would see a product dubbed “Nova & Mercuryo Debit Cards” introduced in the Polkadot (DOT) ecosystem in September. According to Khvorov, the initiative is meant to offset the existing challenges confronting users to enable them to off-ramp…