Author: NBTC

While the leading cryptocurrency Bitcoin (BTC) has continued its horizontal movements in the range of $ 62,000-63,000 in recent days, investors who have endured declines for a long time are expecting a big rise. However, a report came from Bitfinex analysts that would upset investors. According to The Block, analysts say that long-term Bitcoin owners have started to make profits again and predict that these investors may sell profits. According to analysts, if long-term investors’ profit taking increases, this could put significant downward pressure on the Bitcoin price in the short term. “Long-term investors, who have been taking a break…

Ethereum (ETH) has been consolidating in the past few days. It appears that the leading altcoin is lacking support from bulls. In fact, we are now witnessing some sell-offs as well. As per Whale Alert, an Ethereum whale triggered a major Ethereum sell-off earlier today. The tracking service reported that this whale transferred 10,291 ETH to crypto exchange Coinbase. This transaction is worth around $33.7 million, based on the current ETH price level. The timing of this whale transfer is crucial as it comes at a time when Ethereum is struggling to get bullish momentum. Notably, crypto whales hold coins…

Leading dog-themed token Shiba Inu ranks among the crypto pairs that are the most compared on CompareMarketCap. According to a recent X post, CompareMarketCap released a list of seven cryptocurrency pairs that are being compared on its platform. It is interesting to note that three out of the seven pairs relate to Shiba Inu. now we are talking. things started to get interesting, here are the most compared pairs on https://t.co/kiMeAukuPP$WIF vs $DOGE$MOG vs $SHIB$BILLY vs $SHIB$BOBO vs $SHIB$APU vs $PEPE$GIGA vs $DOGE$MICHI vs $WIF pic.twitter.com/69RW6fB91z — CompareMarketCap (@comparemcap) July 20, 2024 MOG, BILLY, and BOBO Compared with SHIB According…

Closely followed quant analyst PlanB believes that Bitcoin (BTC) is gearing up for a big bounce based on key indicators. In a new strategy session, the analyst, known for popularizing the stock-to-flow (S2F) model, tells his 169,000 YouTube subscribers that on-chain data indicates BTC remains in a bull market. PlanB looks at the realized price metric, which records the value of all coins in a given time frame at the price they were last transacted on-chain, divided by the number of BTC in circulation. He says that he expects a bounce from the five-month realized price level, which currently sits…

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…