Author: NBTC

Bitcoin (BTC) is currently encountering its first significant support level following a short-term decline, according to data from CryptoQuant. This development coincides with notable liquidations in the market. It also provides valuable insights into the prevailing sentiment among traders. Bitcoin is encountering its first support level following a short-term decline“BTC returned to the initial long liquidation area of 58.25k and began to stabilize there.” – By @3AMRTAHA_ Full post 👇https://t.co/y7jrmWsEu8 pic.twitter.com/8b0tWtuBNW — CryptoQuant.com (@cryptoquant_com) August 13, 2024 Bitcoin Stabilizes After Retesting $58,250 Liquidation Zone The BTC Longs/Shorts Liquidated Delta is an indicator presented on CryptoQuant that denotes the disparity between…

Banking giant JPMorgan recently commented on the underwhelming performance of spot Ethereum exchange-traded funds in the U.S., pointing to their larger-than-expected outflows from Grayscale’s ETHE. These products have suffered from roughly $500 million worth of outflows since their launch. As reported by U.Today, JPMorgan predicted that Ethereum ETFs would flop despite some bullish projections by crypto-native firms. Still, the relentless outflows recorded by ETHE were somehow a surprise even for the banking giant. Ethereum ETFs made their much-anticipated debut in July after the U.S. Securities and Exchange Commission unexpectedly greelit them in June. Unfortunately for the bulls, these products started…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When starting a business, a great idea is worthless if no one is available or willing to invest the funds to make it bloom. In the hi-tech world, where creativity and competition mold our future via non-stop innovation, venture capital and private equity firms are the oxygen this fast-paced industry runs on. You might also like: Investors and VCs must embrace crypto financial services in 2024 | Opinion While a good idea may get you in the…

In continuation of an XRP-focused discussion that began in March, Ripple CTO David Schwartz has provided intriguing insights into the correlation between XRP and Stellar (XLM). Schwartz openly admitted, “I have no idea what factors drive the price of XRP.” This statement might seem surprising coming from one of the key architects of XRP Ledger, but it might highlight various market factors at play, influencing XRP price action. I have no idea what factors drive the price of XRP. The only real objective data point I have is that XRP tracks the price and market cap of XLM incredibly well…

US-based crypto exchange Coinbase is facing criticism from the crypto community over its handling of customers’ transactions. The criticisms came after a Coinbase user Holaivory, complained that she lost a few thousand in Tether stablecoin after sending USDT to Coinbase on the Arbitrum network. The post has generated multiple comments from other customers claiming they had similar experiences when they sent funds to the wrong networks on Coinbase. They noted that the exchange has poor support service and profits from its customers’ mistakes. Customers share stories of losing funds on Coinbase According to Holaivory, she had previously sent USDT via…

Bitcoin (BTC) is once again attempting to reclaim the $60,000 psychological level after a recent dip triggered a broader selloff in the cryptocurrency market. This recovery comes as traders and investors brace for a busy week, with key economic data releases and geopolitical factors expected to heavily influence market sentiment. The focus remains on Bitcoin’s price movements, with the Bitcoin Rainbow Chart offering crucial forecasts for BTC’s trajectory by the end of August 2024. Despite recent volatility, Bitcoin has demonstrated notable resilience following the August 5 market crash, quickly rebounding amid positive shifts in the global crypto regulatory landscape. Optimism…

The official Shiba Inu account on the X social media network has caught the attention of the SHIB army by publishing a “bull” post that was inspired by Vitalik Buterin. The Ethereum co-founder recently issued a similar post on his X handle, thus initiating a short-lived ETH price increase. “Shiba is good,” the SHIB team says The SHIB account published an image of a bull on a rock. The bull is wearing a piece of paper on a chain and it says “Shiba is good.” The original post with the same bull and a sign “Ethereum is good” was published…

Banking giant Wells Fargo reportedly drove a customer’s account into the negative for days over confusion about a paper check. Sacramento resident and longtime Wells Fargo customer Gerald Monroe Mann says he wrote a $400 check – and soon after discovered $4,000 had been withdrawn from his account, reports CBS News. After spending hours on the phone, Mann confirmed Wells Fargo had mistakenly added an extra zero to the amount when cashing the check. The payment drained both his savings and checking accounts, leaving him $900 in the red. Mann says he went back and forth with Wells Fargo representatives…

Coinbase’s Chief Legal Officer Paul Grewal has taken to X to criticize the U.S. Securities and Exchange Commission (SEC) for its unclear stance on FTX’s proposal to repay creditors using stablecoins or other digital assets. Grewal argues that the SEC’s approach creates uncertainty and urges the agency to provide clearer guidance for the crypto market. The SEC recently issued a notice cautioning the FTX estate that it might oppose any attempts to repay creditors with stablecoins or other digital assets. The SEC’s statement, however, stopped short of declaring such actions illegal. Instead, the agency stated that it “reserves its rights…

Bitcoin (BTC) price has started a range-bound move after rebounding above the $53,000 support. Bitcoin price long term forecast: bearish On August 5, as reported by Coinidol.com, the largest cryptocurrency fell to a low of $49,130, but bulls took advantage of the dip. Bitcoin has corrected upwards but was stopped by the moving average lines or the barrier at $63,000. The rebound has pushed it back to the middle of the price range. The cryptocurrency is now above the $53,000 support and below the $63,000 resistance level. Bitcoin will be trapped in its range for a few days. If buyers…