Author: NBTC

Ethereum (ETH) has experienced a significant decline of around 6.60% over the past week, hitting lows near $3,100 following the launch of Ethereum spot ETFs. Despite this recent turbulence, market analysts remain optimistic about Ethereum’s potential for a substantial upward surge. Key metrics and technical patterns suggest that Ethereum is gearing up for a major rally, potentially driving its price beyond the $4,000 mark. In a TradingView post on July 27, analyst RLinda highlighted that the ETHUSDT chart shows bulls actively maintaining the price above a crucial support line. According to the analysis, Ethereum is currently navigating a correction phase,…

Helium, a blockchain network tailored for the Internet of Things (IoT), has seen its price climb by 11% over the past day, currently valued at $4.96. According to the latest data from crypto.news, Helium (HNT) now holds a market capitalization of around $797 million, ranking it 88th in the global cryptocurrency market cap standings. Over the past week, the cryptocurrency has also seen a significant rise, increasing by more than 40%. The trading volume for HNT has surged by 207% in the last 24 hours, reaching $17.9 million. During this period, its price fluctuated between $4.47 and $5.21. Helium, established…

Bitcoin mining firms sized each other up at Bitcoin 2024 in Nashville late last week, as a post-halving stretch continues to put pressure on firms’ established business models. While some publicly-traded players are treating the industry-wide hurdle as an opportunity to expand their operations or launch hostile takeover attempts, others are embracing more diversified revenue through innovations like AI compute and chip manufacturing to get ahead. At the annual conference, a corner was crammed with firms that make money through fleets of power-hungry machines, which constantly crunch complex calculations in a race to verify Bitcoin transactions. In April, the reward…

Bitcoin analyst Willy Woo has challenged the significance of the Metcalfe Value in assessing Bitcoin’s growth. In an X post responding to Alex, head of financial assets at SFO, Woo explained why relying on Metcalfe Value to track Bitcoin’s growth may be misleading. IMO Metcalfe value is broken in 2 ways… (1) broken thesis, plus (2) a broken way to measure that broken thesis.1) It assumes the value of the network grows exponentially per person that joins. Metcalfe was intended to model the value of a communication network, where this… — Willy Woo (@woonomic) July 2, 2024 Alex’s initial post…

The price of Ethereum (ETH) fell below the moving average lines on July 25. The largest altcoin reached the $3,600 resistance zone and was decisively rejected. Long-term analysis of the Ethereum price: bearish After the breakout on July 15 and 19, buyers tried to hold the price above the $3,600 high but failed. On July 25, Ether fell to a low of $3,093 and the bulls bought the dips. For the past four days, the altcoin has been trading above the $3,000 support level but below the 21-day SMA resistance. Today, the currency is falling after hitting the 21-day SMA…

The stablecoin have become an integral part of the crypto market. In particular, stablecoin like USDT and USDC are gaining increasing attention from investors due to their value stability and effective risk management. But what are the differences between USDT and USDC? This article will delve into the uses, risks, and other topics of interest related to stablecoin. On the blog of the exchange Bitget an interesting post on the topic has been published. Read below. What are stablecoin? What are the main differences between USDT and USDC? Which stablecoin is safer for users? What are stablecoin? Stablecoins are a…

According to recent data, bitcoin’s total hashrate achieved a record high this week, based on the seven-day simple moving average (SMA). On July 25, the hashrate, measured by the seven-day SMA, reached 677 exahash per second (EH/s), surpassing the 659 EH/s recorded on May 25. Bitcoin Hashrate Breaks Records Bitcoin’s hashrate has reached new peaks this week, coinciding with an increase in the price of the leading crypto asset over the past seven days. Data from Luxor’s hashrateindex.com indicates that on Thursday, July 25, 2024, the hashrate reached 677 EH/s, approximately 18 EH/s higher than the 659 EH/s recorded on…

Bitcoin price failed to continue higher above the $63,650 resistance zone. BTC is now correcting gains and might revisit the $60,850 support. Bitcoin started a downside correction from the $63,650 resistance zone. The price is trading below $62,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $61,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase above the $62,250 resistance zone. Bitcoin Price Dips Again Bitcoin price struggled to extend gains above the $63,650 and $63,800 resistance levels.…

Slowly, and then all at once seems to be an apt way to describe the pace with which crypto ETFs have come to the U.S. marketplace. Following the approval of 11 spot bitcoin ETFs in January, July has seen the approval of 8 spot ether ETFs, potentially opening the spigot for fresh investment and adoption of the cryptoasset. While significantly smaller in market capitalization than bitcoin, the fact that the Ethereum Ethereum blockchain serves as a foundational layer for many newer blockchain applications creates a different opportunity for investors and policy advocates. These estimates have so far proven accurate, with…

HNT was beaten only by dogwifhat over the past seven days. Helium Network is a strong example of a real-world use for blockchain technology, according to one observer. Helium Network’s HNT token has chalked out a market-beating rally amid the growing adoption of the wireless phone service Helium Mobile. HNT’s price has surged over 40% to $5 in seven days, placing it at the No. 2 spot on the list of the biggest gainers among the top 100 coins by market value, just behind the meme coin dogwifhat (WIF), according to data source Coingecko. Bitcoin (BTC), the biggest cryptocurrency by…