Author: NBTC

Bitcoin, the first and largest cryptocurrency by market cap surged past the $71,000 mark, showcasing gains for the fifth consecutive day. This uptrend mirrors the growing optimism on global markets, fueled by the anticipation of potential Federal Reserve interest rate cuts within the year. Bitcoin’s current streak of daily gains is the longest in three months. At the time of writing, BTC was up 3.36% in the last 24 hours to $70,951, just 3.73% shy of its record high of $73,750 set in mid-March. Bitcoin began to rebound after reaching a low of $69,024 on May 31 and has spent…

PancakeSwap a well-known decentralized exchange(DEX) is recognized for its user-friendly interface and array of tokens, it has been cooking up an exciting new element for its DEFI recipe, Zyfi. The coming together of these two platforms is just like adding a spice that supports the flavor for users. In the course of our discussion, we will take a look at what this partnership brings to the table. PancakeSwap: The Defi Diner Just imagine a busy marketplace where you can sell or trade cryptocurrencies directly without the aid of a centralized authority. That’s one of the main reasons for PancakeSwap. It…

The Parcl protocol on Solana lost 40% of the total value locked after airdropping the PRCL token. According to data from DefiLlama, users withdrew more than 40% of the total value locked (TVL) from the betting platform for the real estate market Parcl. Source: DefiLlama The snapshot was intended for an airdrop that took place on April 15. However, against the backdrop of his implementation, the TVL of the Solana-based project collapsed from $185.6 million to $109 million. The Parcl team noted that it had fined the addresses of users it suspected of being involved in the Sybil attack. A…

US spot Bitcoin exchange-traded funds (ETFs) experienced a significant increase in daily net inflows, generating inflows of $886.75 million. US Spot Bitcoin ETFs See Second Highest Daily Net Inflows at $887 Million This marks the second-highest single-day inflow since these funds listed; The highest record was $1.05 billion on March 12. The bulk of Tuesday’s inflows came from Fidelity’s FBTC, which added $379 million. BlackRock’s IBIT followed with net inflows of $274 million, according to SoSoValue data. Overall, cumulative total net inflows for spot Bitcoin ETFs currently stand at $14.85 billion. Other notable participants include Ark Invest and 21Shares’ ARKB,…

Key Takeaways: Total value locked (TVL) measures the money deposited in a DeFi protocol by its users. A high TVL indicates a popular and trusted project, while a decline in TVL could indicate a troubled company. For a comprehensive investor analysis of DeFi projects, combine TVL with other key metrics, such as daily active users, revenues/fees, market cap, and token price. (Read our guide.) One of the best ways to find great crypto companies is to measure Total Value Locked, or TVL. Not all projects have Total Value Locked: only those with the ability for users to store money in…

Cardano, renowned for its innovative Extended Unspent Transaction Output (EUTXO) model, has once again demonstrated its technical prowess in the cryptocurrency space. Following the implementation of the Alonzo upgrade, which introduced support for multi-assets and smart contracts. One recent milestone exemplifies Cardano’s capabilities: the processing of eight transactions within a single block, serving a substantial 1,600 recipients. What is noteworthy is the cost-effectiveness of this achievement, with the commission for these transactions totaling a modest 5.16 ADA, equivalent to $2.38. The beauty of Cardano 1 block 8 TX 1600 unique recipients Total Fees ……. 5.16 ADA or 2.38$ pic.twitter.com/yH5gxKrOQL —…

A major turning point for the cryptocurrency market was recently reached by Bitcoin, which reached an all-time high on one of its most important charts. In order to highlight the macroeconomic factors driving Bitcoin’s current bull run, the chart in question shows the relationship between global liquidity (M2) and the price of the cryptocurrency. At the moment, Bitcoin is trading at roughly $70,868 – clearly on the rise. A strong bullish trend is evident in the chart, which shows a sequence of higher highs and lows. Moving averages are among the key technical indicators that point to further upward pressure.…

Many consider dYdX as one of the most successful Perp DEXs, and surely it is. However, it’s being challenged more and more frequently than before. DeFi world is seeing technological iterations every day, and no project can rest on its first-mover advantages. Innovative latecomer derivatives trading platforms such as GMX, MYX, Hyperliquid and others, are making every effort to draw closer to dYdX. The dYdX redemption dYdX is a charming and reliable project. Founded in 2017, it utilizes the traditional central-limit order book and matching engine to facilitate trades on a decentralized smart contract protocol. As the “elder brother” in…

Pepe (PEPE), the frog-themed cryptocurrency, has emerged as a noteworthy player on the crypto market, with recent data indicating that more than half of its holders are currently profitable. According to IntoTheBlock data, 69% of PEPE holders are profiting, or “in the money.” As analysts closely watch PEPE’s performance, the anticipation of a major price move is palpable, with speculation that PEPE may shed a zero to hit new resistance levels. Such projections add to the market’s enthusiasm, as investors and fans alike debate the coin’s price trajectory. 69% of $PEPE holders are currently in profit🐸🔗https://t.co/aWPZ6HVKkC pic.twitter.com/gQ6uORt1dq — IntoTheBlock (@intotheblock)…

Bitcoin (BTC) has experienced significant price movement in recent trading sessions, raising both optimism and caution among investors. However, renowned crypto analyst Ali Martinez recently highlighted a potential BTC price correction. He tweeted that the TD Sequential is giving a sell signal on the Bitcoin hourly chart. He anticipated a one-to-four-hour candlestick price correction. Despite this sell signal, Bitcoin remains on a bullish trajectory. According to the latest data, BTC has traded at $70,856, marking a 3.26% increase in the past 24 hours. This upward movement is accompanied by a surge in trading activity, with the 24-hour trading volume up…