Author: NBTC

The past week has seen Bitcoin prices remain volatile, with indicators suggesting a complex interplay between inflation trends and market reactions. Despite low inflation rates that usually signal a potential dollar influx, Bitcoin hasn’t mirrored the positive movements seen in the stock market. Notably, while the S&P 500 index is approaching its peak, cryptocurrencies including Solana and Polkadot have experienced significant declines. Explore the dynamics affecting Bitcoin prices amidst fluctuating market trends and inflation signals. Bitcoin’s Recent Struggles: Market Reactions and Key Indicators The latest data shows that Bitcoin has faced challenges in maintaining its price levels, particularly around the…

Ethereum has had one of the sharpest declines during the recent market correction, which cost Ether losing almost a third of its value in a matter of days. While the Bitcoin price has regained most of its value since the March peak, Ether is still in trouble to recover from the recent flash crash. Could this be the story of Ethereum in 2024? Or perhaps there is a chance the Ethereum price will rebound before the end of this year, following BTC’s footsteps? Ethereum price history Ethereum’s journey began in August 2015, with its price under $1 for most of…

A Judge in New Zealand has ordered Kim Dotcom, the founder of Megaupload and failed crypto payments processor Bitcache, to be extradited to the US 12 years after his arrest. New Zealand justice minister Paul Goldsmith ordered the extradition on Thursday, saying “I considered all of the information carefully, and have decided that Mr Dotcom should be surrendered to the US to face trial.” Despite this, Kim Dotcom claimed on X (formerly Twitter) that he doesn’t intend to leave New Zealand. Dotcom, real name Kim Schmitz, was arrested on his birthday in 2012 for his role in one of the…

Renowned Bitcoin advocate Adam Back recently shared his insights on the current market trends. Amid concerns of Bitcoin (BTC) falling below $56,000, investor caution towards altcoins has been noticeable. This sentiment is driven by a pattern of rise, fall, quick recovery, and subsequent decline observed over time. Adam Back’s Market Insights Adam Back, CEO of Blockstream, emphasized that Bitcoin is in the initial phases of a bullish cycle. Speaking with Anna Tutova, he revealed expectations of a potential 700% growth. Back also referenced predictions from notable figures like BitMEX founder Arthur Hayes, who foresees Bitcoin reaching $1 million by the…

In the past week, non-fungible token (NFT) sales have dipped by 11.66%, totaling $81.7 million. Despite this decrease, there’s been a significant uptick in market activity: the number of NFT buyers has skyrocketed by 172.98%, while NFT sellers have also seen an impressive rise of 120.51% over the same period. NFT Market Chaos: Prices Drop, But Buyer Interest Skyrockets While the number of buyers and sellers is on the rise, they’re not shelling out big bucks for NFTs compared to the prices seen a few months ago. Overall sales have slipped by 11.66% from the previous week, with Ethereum leading…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been a focal point of speculation and analysis within the crypto community as eyes are peeled on where its price trends next in the wake of the ETF launch. A recent report from crypto-ranking platform CoinGecko provides insight into what fund managers think about the future price of Ethereum, with projections ranging as high as $166,000. In its latest analysis, CoinGecko offers Ethereum forecasts from eight prediction issuers, including major fund managers, predicting what price range ETH holders might expect in the near to medium term. What is Ethereum’s price prediction…

Monero (XMR) has been increasing in popularity among cryptocurrency users, often surpassing more capitalized cryptocurrencies in users’ preferences. In June, XMR unthroned Bitcoin (BTC) for the first time in a gift card payment platform, illustrating this behavior shift. Notably, the CoinCards platform reported data from the volume percentage for each cryptocurrency used for payments in June. The gift card service has been reporting this “breakdown of usage” monthly since April 2023. In particular, the first data shows a 40% dominance for on-chain BTC, followed by Monero and Ethereum (ETH) with 23.64% and 13.9%, respectively. As soon as the service listed…

Stablecoin regulations pose a threat to Tether’s dominance, the report said. Complying with MiCA means Tether may have to change its reserve management strategy. The bank said new regulations could intensify pressure on Tether to provide more detailed disclosures. Increasing regulation could pose a notable challenge for Tether, issuer of the largest stablecoin, USDT, which has dominated the crypto market in recent years, JPMorgan (JPM) said in a research report on Wednesday. A stablecoin is a type of cryptocurrency that is usually pegged to the U.S. dollar, though some other currencies and assets such as gold are also used. USDT…

Taiko, an Ethereum-based permissionless rollup, shares the news to team up with MeridiaFi. Through this partnership, the Taiko community will possess an advanced lending protocol that shares the borrower interest along with its staking pool. We are happy to announce a partnership with @MeridianFi. Taiko community will now have a lending protocol that distributes interest borrowers pay to its staking pool. https://t.co/st849xp55D — Taiko 🥁 (@taikoxyz) August 16, 2024 Both Taiko and MeridianFi have shared this strategic collaboration on their social media X platforms and informed the users about the outcomes of this collaboration. This collaboration ultimately benefits both FinTech…

Ethereum has entered a consolidation correction phase, retracing back toward the broken lower boundary of the multi-month wedge. This movement suggests a potential pullback to the previously breached level, indicating a likely continuation of the bearish trend in the upcoming days. By Shayan The Daily Chart A closer examination of Ethereum’s daily chart shows that the cryptocurrency has entered a corrective phase, with price action signaling a potential pullback toward the wedge’s broken lower boundary at $2.8K. After finding support near the crucial $2K level, ETH initiated a bullish retracement, moving back toward this key resistance zone. However, this area…