Author: NBTC

Key Points: Bitcoin price performance has led asset classes since 2011, up 145.9% as of July 5, 2024. Bitcoin fell to $53,500 due to liquidations by Mt. Gox and government entities. Big holders have accumulated 212,450 BTC during recent volatility, now owning 1.05% of the total supply. Bitcoin Price Performance Tops Asset Classes Data presented by Saylor shows that, since 2011, Bitcoin remains the best-performing asset. As of July 5, 2024, Bitcoin has surged by 145.9%, outpacing significant other assets such as US Growth (16.3%), NASDAQ 100 (18.99%), US Large Caps (13.7%), and gold (3.5%). Bitcoin price performance’s growth is…

Vitalik Buterin, Ethereum co-founder, has described blockchain as a “truth machine” as it gives detailed information on time stamps of messages. Buterin’s statement on social media platform X was inspired by a poster from another user who asked, “Then what is a global universal blockchain?” Buterin harps on enhanced truth verification systems In essence, Buterin clarified that a blockchain presents information as it is entered into the system without falsifying or giving room for manipulation of the data entered. The Ethereum co-founder, however, alluded to the limitations of blockchains when he stated that they are not built for fact-checking a…

Bitcoin surpasses $56,000, sparking optimism in the crypto market. Ether and other altcoins show growth potential. Diversification and analysis are crucial in this volatile market. Bitcoin has surged back above the $56,000 mark. This has brought renewed optimism to the crypto market. The market crashed while analysts and investors expected a significant Bitcoin rally. Analysts attributed the crash to Mt. GOX anticipated sell offs and the German government’s BTC dumping. Meanwhile, altcoins are back to their 2024 origin, as the post below suggests. #Altcoins have shown us so many ups and downs. If you’re here long enough, you already have…

Former US President Donald Trump recently made headlines due to his bold political moves, particularly his continuous support for the crypto industry. This support sparked a surge in meme coins inspired by him, leading to fantastic gains in the market. Meme Coins Inspired by Trump See Massive Gains MAGA (MAGA), a meme coin inspired by Trump’s campaign slogan “Make America Great Again,” increased by approximately 162% in the last 24 hours. DEX Screener data reveals it is now trading at $0.0006501. The on-chain tracker platform Lookonchain reported that a crypto trader made $2.7 million in just three days by trading…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the decade since Ethereum co-founder Gavin Wood first coined the term “web3,” we’ve seen the promise of a new digital empire rise into reality. Cryptocurrency has become a trillion-dollar mainstain of the global economy; NFTs have entrenched themselves in high-stakes art and investment trades; blockchain-based financial services have transitioned from novelty to normal. You might also like: Meme coins are everything wrong with web3 | Opinion For all the above, we can thank the dreamers and…

A veteran trader says he’s hesitant to flip bullish on Bitcoin (BTC) just yet considering the possibility of another November 2018-style crash. In November of 2018, BTC broke down below $6,000 after consolidating in a narrow range for over six months, and while many were eager to buy the dip, Bitcoin didn’t bottom out until it nearly touched $3,000. Pseudonymous trader DonAlt tells his 568,000 followers on the social media platform X that he thinks traders look too eager to be bullish on BTC after Bitcoin took out its psychological support at $60,000. “I personally think people are flipping bullish…

Shiba Inu and XRP rank among the top traded futures on Bitrue amid increasing interest in both cryptocurrencies. Shiba Inu (SHIB) and XRP have surged into the top 10 most traded assets on the Singapore-based Bitrue exchange this week. These assets have joined the ranks of other highly traded cryptocurrencies, such as Bitcoin, Solana, and Ethereum, reflecting significant market activity and interest. 📢 Here’s a quick recap of #Bitrue Futures Top 10 traded assets this week 👉 $BTC👉 $ETH👉 $XRP👉 $SOL👉 $GALA ..and many more! Check out our futures liquidation insurance event 👉 https://t.co/Ace7yoiaqb pic.twitter.com/oCskCcljKs — Bitrue (@BitrueOfficial) May 25,…

Bitcoin halted a potential rebound in the early hours of Thursday as onchain trackers spotted another significant BTC transfer by the German government. Data from Arkham Intelligence shows the government‌ transferred 700 BTC, or roughly $40.55 million, to the unmarked address 139PoP…H7ybVu in the early hours of Sunday. Crypto users suspect the address might belong to an OTC service or an institution. The latest transfer joins the list of significant daily BTC transfers by the German government since last week. Crypto trackers have linked most of the previous transfers to centralized exchanges, coinciding with the recent crypto crash that saw…

General Updates Neo released NeoCLI v3.7.4, which is now live on the TestNet and MainNet. The update is designed to facilitate third-party integrations via enhanced support for Koblitz- and Keccak256-based witnesses. Neo is collaborating with the BugRap platform to reach more security experts that can help with the recently launched Neo X TestNet Bug Bounty Program. Neo announced the results of its MelkDAO campaign. 50 winners were chosen to receive $GAS rewards for completing tasks on the learn-to-earn bot in the Neo Discord. ITEM Systems announced an activation at Consensus 2024. Team members from ITEM Systems, COZ, The Smart Economy…

Peter Brandt, a well-known commodity trader, recently stated that he had spotted a short-term Bitcoin buy signal. “The pattern in Bitcoin is something I call a foot shot (Friday). This is a buy signal short term,” Brandt wrote on his X social media account. The pattern in Bitcoin is something I call a foot shot (Friday). This is a buy signal short term. pic.twitter.com/D5jz7FrQFS — Peter Brandt (@PeterLBrandt) July 6, 2024 The commodity trader has also noted that the current correction is the largest correction so far during the ongoing bullish cycle that started in December 2022. On Friday, the…