Author: NBTC

Bitcoin is trading for $59,545, a slight increase of 0.5% in the past 24 hours. Although little, this surge in its price is quite noteworthy as it comes against the backdrop of Bitcoin’s price plunging as low as $57,812 earlier today. Regardless of this modest recovery, a recent analysis by a CryptoQuant author on the CryptoQuant QuickTake platform has revealed that Bitcoin might now be approaching a precarious position. Bears At The Gates? Analyzing BTC’s Vulnerable Stance According to the CryptoQuant analyst Grizzly, Bitcoin’s Net Unrealized Profit/Loss (NUPL) metric—a tool used to gauge the market’s profit or loss status by…

This week has experienced a noteworthy change in the DeFi sector in terms of the highest total value-locked growth. As per the data from Tyrano Analytics (a prominent DeFi analytics provider), ICPSwap, MARSWAP, Mint Club, Bluewhale, and Kinetic took the top positions among the DeFi projects in the case of total value-locked growth. ICPSwap Dominates Top DeFi Projects in Terms of TVL Growth with an 1156% Spike According to Tyrano Analytics, ICPSwap witnessed a significant TVL of up to $65.04 million this week. In this respect, the DeFi project made a more than 1156% jump. Hence, ICPSwap effectively obtained the…

The crypto market has been challenging, and Ethereum (ETH), the second-largest cryptocurrency, is no exception. Despite its dominant position, the token has faced significant headwinds in recent weeks, with its price showing no signs of a sustained recovery. Key Metrics Point To Continued Bearishness According to crypto analyst Ali Martinez, some of the largest Ethereum whales, holding over 10,000 ETH, have been steadily selling their tokens over the past month, with no indication of slowing down. This mass exodus of large investors has contributed to ETH’s 26% price drop over the last 30 days, narrowing its year-to-date gains to just…

Over the past few weeks, Solana has been dominated by a series of quick celebrity-endorsed cash grabs, in a memecoin frenzy that refuses to run out of steam. Kicked off by WIF, BONK, and a variety of political-themed tokens — which are generally down from their peaks in early spring — Solana’s meme coin launchpad pump.fun is still seeing plenty of action, raking in more fees than the entire Ethereum network earlier this week. Read more: $10M accidentally burned as Solana memecoin craze continues More recently, the focus has been on so-called ‘celebcoins,’ which may or may not be endorsed…

Analyst Josh of Crypto World has observed that Bitcoin is continuing its bearish trend, with the price now testing a critical support level. A new signal has also emerged for the broader crypto market. The Bitcoin chart continues to show bearish signals, as indicated by the SuperTrend indicator. Over the past day, the bearish trend remains unchanged, with Bitcoin forming lower highs and lower lows. The current price action is developing within a descending broadening wedge pattern, where resistance is around $68,500 and support is near $53,500. Although the overall trend is bearish, occasional bullish movements are still possible. The…

Miner Extractable Value (MEV) is a strategy that miners can use to make more money when validating transactions. This works by reorganizing, including, or excluding transactions in a block. When a transaction is sent it waits in line with other transactions, and miners get to pick which transactions go into the next block on the blockchain. Some transactions have higher tips, so miners can make extra money by picking those first. It’s like choosing the biggest pieces of candy from a bag. While it helps miners earn more, it can sometimes make the system less fair. Additionally, there are some…

In a dramatic turn of events for Shiba Inu, the dog-themed cryptocurrency has seen a remarkable 466% increase in weekly burns, yet its price has dropped by 22% over the same period. According to the Shibburn X account, 364,382,742 SHIB tokens were burned in the last seven days, representing a 466.83% increase in the weekly burn rate. HOURLY SHIB UPDATE$SHIB Price: $0.00001333 (1hr 2.53% ▲ | 24hr -13.26% ▼ )Market Cap: $7,846,500,195 (-13.49% ▼)Total Supply: 589,272,561,830,745TOKENS BURNTPast 24Hrs: 7,367,937 (-34.98% ▼)Past 7 Days: 364,382,742 (466.83% ▲) — Shibburn (@shibburn) July 5, 2024 The 466% rise in burns indicates a concerted…

Bitcoin struggles under bearish conditions with modest recovery attempts. Expiring BTC options may influence upcoming price movements. Bitcoin, the leading cryptocurrency, continues to struggle under bearish conditions, despite recent attempts at recovery. After briefly falling below $56,100, Bitcoin has rebounded slightly and is currently trading at $58,000, reflecting a modest decline. Notably, trading volume is up by 11%. And, over the past seven days, Bitcoin has experienced a 4.4% drop. This bearish momentum aligns with a broader market sentiment downturn yesterday, exacerbated by the release of U.S. Consumer Price Index (CPI) data. Although the stock market reacted positively, U.S.-listed spot…

A prominent analytics-providing platform, Phoenix Group, has recently provided a list of top DeFi projects based on weekly ETH burning. The list containing the ETH-burning DeFi projects includes Uniswap, 1inch, USD Coin, 0x Protocol, Metamask, Gnosis, Pendle, Kyber Network, Aave, and ParaSwap. The analytics provider provided the details of these projects in its latest X post. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #USDcoin $UCDC #0xProtocol $ZRX #Metamask #GnosisChain #Pendle #KyberSwap #Aave $AAVE #Paraswap pic.twitter.com/gH9achuxQ8 — PHOENIX – Crypto News & Analytics (@pnxgrp) August 18, 2024 Uniswap Leads the DeFi Projects Based on Weekly ETH Burning As per the data…

Contrasting Bitcoin’s recent decline to $53,500, Andrew Tate’s Daddy Tate (DADDY) meme coin demonstrates resilience, suffering only a modest 5.64% drop over the past 24 hours. This occurs as the broader cryptocurrency market crashes, with major players like Ethereum (ETH) and Solana (SOL) taking sharp dives. Meanwhile, Tate’s other meme coin, Real Nigger Tate (RNT), is up by over 17%. His meme coins surge amidst anticipation of an airdrop. Andrew Tate Shares Plans For The Real World (TRW) Token According to data from DEX Screenr, DADDY’s market capitalization has reached approximately $115 million, surpassing the 50,000-holder mark. This milestone is…