Author: NBTC

The crypto market has been riding a rollercoaster of emotions, swinging between neutral, fear, and greed over the past few weeks as volatility tightens its grip. Major cryptocurrencies have seen double-digit drops, suggesting that investors are cashing in on earlier gains. According to the “Fear and Greed Index” by alternative.me, the last time market sentiment reached “Greed” was on June 24, fueled by the approval of spot Bitcoin ETFs by the SEC in January. However, Bitcoin’s subsequent drop to $58,000 from $63,000 quickly turned the mood bearish. Bitcoin Fear and Greed Index is 55. GreedCurrent price: $63,619 pic.twitter.com/wOt5v5bc5N — Bitcoin…

The United States Securities and Exchange Commission (SEC) has reportedly given “preliminary approval” to at least three asset managers for their spot Ether exchange-traded funds (ETFs). This development has increased speculation that the ETFs will begin trading as early as next Tuesday. According to a July 15 report by Reuters, the SEC approval is now only contingent on the applicants submitting final offering documents to the regulator before the end of this week. The report cited three industry sources. Ether ETFs Launch Imminent The asset managers mentioned in the report include BlackRock, Franklin Templeton, and VanEck. Additionally, Fidelity, ARK 21Shares,…

Ripple invests an undisclosed amount in Hong Kong-based Web3 messaging and social platform beoble. Leading crypto payments company Ripple has invested in beoble, a Hong Kong-based Web3 wallet-to-wallet messaging and social app. beoble disclosed this in a recent X post, emphasizing that the investment would help it seek ways to launch its service on the XRP Ledger (XRPL). “We want to show great appreciation to the RippleX for supporting our journey,” beoble said in a statement. beoble🤝@Ripple@beoble_official team is now officially backed by @Ripple🥳With the new funding from @Ripple, beoble will seek ways to debut on @XRPLF🔥We want to show…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Access to clean water is a fundamental human need, yet billions of people worldwide still struggle to obtain it. According to the World Health Organization, over 2 billion people live in countries experiencing high water stress, and this number is only expected to grow due to climate change and population growth. You might also like: Creating a resilient and sustainable blockchain-as-a-service for all | Opinion Traditional water management systems have struggled to address these challenges, often hampered…

A closely followed crypto analyst and trader is warning that Bitcoin (BTC) could correct deeper in the near term. Pseudonymous trader The Flow Horse tells his 220,900 followers on the social media platform X that he believes Bitcoin may decline to the lower $50,000 range. “Unhedged some 20% of those $69,000 sells because although I think we go deeper, I know the only prices I can guarantee are the present. If we have a strong reclaim above $60,000, I will long it all with extra exposure. If we continue down toward low $50,000s, I will tranche buys and evaluate on…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Defi promises a future free from centralized control. It has unlocked a new world where you can borrow money without a bank, earn interest on your crypto holdings at rates exceeding traditional savings accounts, or trade assets directly, peer-to-peer, without relying on intermediaries. One of defi’s key incentives is to break down barriers that have excluded vast parts of the global population from financial services. You might also like: Defi needs some fine-tuning before it can replace…

The price of Ethereum (ETH) is regaining upward momentum, breaking through the 21-day SMA and reaching a high of $3,378. Price analysis by Coinidol.com. Long-term analysis of the Ethereum price: bearish The bulls have dominated the bears as they broke through the resistance at the 21-day SMA. The largest altcoin will continue to rise to the 50-day SMA high or $3,500. If the bulls break the resistance at the 50-day SMA, the altcoin will resume its uptrend. Ether will continue to rise and reach a high of $3,800. However, if the bullish momentum stalls at the 50-day SMA, Ether will…

One of the largest crypto exchanges in the world, OKX, has presented its monthly proof-of-reserves report, which shows the state of user funds, exchange reserves and coverage ratio. According to the latest data, OKX has over $22.5 billion in funds and crypto assets on its platform. Of particular interest, however, was the fact that user assets in the popular XRP cryptocurrency fell by 40.6 million tokens to the level of 280.93 million XRP. This volume of funds is in turn backed by 288.69 million XRP, which provides a coverage ratio of 102%. 📢 Hot Off The Press 📢We’re proud to…

Gala Music is thrilled to announce the monumental return of legendary hip-hop artist Rakim, who will be releasing exclusive new tracks on their innovative Web3 music platform.— Partnering with Gala Music, Rakim is set to debut singles from his highly anticipated upcoming album, G.O.D.’s NETWORK (REB7RTH). This exclusive drop offers fans a unique opportunity to mint and listen to new tracks.Earlier this month, the first two exclusive tracks were released and are now available for minting and listening, with more tracks still to come. The release schedule is as follows:July 5th: “Pendulum Swing” July 12th: “God’s Playground” July 26th: “Love…

Bitcoin’s (BTC) price is down 24% since topping out at $71,758 in early June. As sentiment remains soar, the next directional bias for the pioneer cryptocurrency hinges on four critical narratives that continue to unfold. Retail traders adjust their trading strategies based on market sentiment, which explains the highly volatile nature of crypto. Critical Factors Impacting Bitcoin Price Now The $54,450 level has presented as a possible support for Bitcoin price. Two failed breakdowns after the Relative Strength Index (RSI) tested the critical threshold of 30 suggest that BTC may have bottomed out. Bitcoin Price Performance. Source: TradingView Nevertheless, whether…