Author: NBTC

Matthew Dixon confirms Bitcoin is in the ‘c’ wave of its correction phase. Dixon suggests the current phase offers ideal Dollar-Cost Averaging (DCA) opportunities. Inflows into the US spot Bitcoin ETF market rise, and selling pressure decreases. Bitcoin (BTC), the world’s largest cryptocurrency, has been consolidating over the past week, trading between $67,000 and $70,000. This follows a brief 20% price drop in early May, which saw prices fall to $56,400. During this consolidation, inflows into the US spot Bitcoin ETF market have increased, and selling pressure has decreased. This suggests a more stable market environment for Bitcoin. Meanwhile, the…

As the cryptocurrency correction accelerates, meme coins are among the worst sufferers yet again thanks to being highly volatile. Traders of meme coins faced an eight-digit liquidation wave in the last 24 hours. Meme coins BRETT, FLOKI post double-digit losses; SHIB, WIF also under pressure Brett or Brett on Base (BRETT), the largest meme coin of Coinbase’s L2 Base (BASE), is registering double-digit losses for the second day in a row. Yet again it is among the worst performers on the top 100 list, with 15.2% lost overnight. The asset is extremely close to dipping below the important $1.5 billion…

The current on-chain dynamics for Bitcoin are setting up a potentially bullish scenario. Following last week’s insights, Bitcoin has shown strength, currently trading between $67,500 and $70,000 USD. Investors eagerly anticipate continuing this upward trend to reach a new all-time high. Let’s explore why this might happen. This decrease in sell-side pressure, combined with modest but consistent capital inflows, suggests that the market is preparing for a significant upward move. Bitcoin Technical Outlook Bitcoin’s price has found support on the red descending trendline, indicating profit-taking. The price appears poised to test the daily Ichimoku cloud, which would be a major…

As experts project that Shiba Inu will reclaim its ATH this season, here is the amount of SHIB you need to hold to see a return of $1M if the prediction materializes. Some investors dream of becoming millionaires in USD through investments in digital assets like Shiba Inu (SHIB). However, things are not looking good for SHIB and other tokens due to the ongoing bloodbath across the broader market. Data from CoinMarketCap shows that SHIB trades for $0.00002210, representing a daily decline of 1.26% and a 7-day loss of 13.8%. At the current price, SHIB is down 75% from its…

Cat in a Dogs World (MEW), the largest cat-themed coin and one of the most popular meme cryptos on Solana (SOL) blockchain, is now available for perpetuals traders on Binance Futures. Following the announcement, both the MEW price and trading volume are revisiting local highs. Solana meme coin MEW debuts on Binance Futures Starting from June 17, 2024, major meme coin Cat in a Dogs World (MEW) was added to Binance Futures, a derivative trading dashboard of the world’s largest exchange, Binance (BNB). Binance Futures launched the USD-M MEW Perpetual Contract with up to 50x leverage available. https://t.co/rkladET3UM — MEW…

Michael Saylor, the chairman of MicroStrategy and a prominent BTC advocate, has issued a Bitcoin message that resonates with the crypto community. In a tweet, Saylor wrote, “shockwaves of change” while tagging Bitcoin. The MicroStrategy founder’s call to recognize the revolutionary nature of Bitcoin comes at a crucial moment, as the market grapples with uncertainty following a massive move of Mt. Gox-era Bitcoins. Shockwaves of Change. #Bitcoin pic.twitter.com/GffiNobt24 — Michael Saylor⚡️ (@saylor) May 28, 2024 According to Whale Alert data, over 140,000 BTC, worth approximately $9 billion, were moved from Mt. Gox wallets to an unknown wallet address in 13…

The average fees on the largest layer-2 (L2) blockchain, Arbitrum, witnessed a massive increase as the daily on-chain transactions surged. Arbitrum is currently the largest L2 network with a TVL of $2.97 billion. According to data provided by Dune, the daily average fees on Arbitrum rallied by 97.8% earlier today, reaching $0.015 per transaction. Moreover, the average fees took a sharp decline, currently hovering at $0.007. Daily average fees on Arbitrum | Source: Dune Data shows that the rise in Arbitrum’s average fees comes as the number of daily on-chain transactions on the L2 network surged from 1.7 million to…

Bybit, one of the top three cryptocurrency exchanges by volume, has announced a collaboration with Fireblocks, an enterprise for digital asset management and blockchain innovation, as per the info shared with Finbold on June 18. Bybit will integrate Fireblocks’ Off Exchange solution to reduce counterparty risk for institutional trades. Fireblocks’ Off Exchange Fireblocks’ Off Exchange solutions let institutional clients deal with centralized exchanges (CEXs) by using an on-chain multiparty computation (MPC) wallet, which mitigates the risks associated with counterparty exchanges. The new integration will rely on MPC technology to allow traders to allocate their assets directly to an exchange from…

US Space Force Major Jason Lowery has made a bold assertion regarding Bitcoin, describing it as a potential weapon system and emphasizing its strategic importance for national security. Lowery, who is also a national defense fellow at MIT, has been vocal about the need for the US military to prioritize the investigation and integration of proof-of-work systems like Bitcoin. He argues that Bitcoin’s proof-of-work consensus mechanism could serve as a significant deterrent against cyberattacks, likening it to traditional military assets that deter physical attacks. In a now-deleted X post, Lowery suggested that once the public overcomes the fear of government…

Konami Digital Entertainment—the Japanese gaming giant behind franchises like Metal Gear Solid, Silent Hill, and Castlevania—announced Thursday that it will launch an NFT platform called Resella on the Avalanche blockchain. The infrastructure platform aims to make it easier for companies to integrate blockchain technology and issue NFTs, both for games and other types of applications. According to Konami, Resella eliminates the need for users to open an external crypto wallet or handle cryptocurrency at all. The company touted Resella’s “user-friendly marketplace experience” in a press release, and said it will allow transactions in Japanese yen for domestic users, with plans…