Author: NBTC

Ethereum’s price over the past hour has been $3,785 to $3,816, showing an intraday range between $3,746 and $3,837 in the last 24 hours. The crypto’s market capitalization today stands at $458 billion, with a 24-hour trade volume of $10.75 billion. Ethereum On the 1-hour chart, ethereum demonstrates strong support at $3,750 and resistance at $3,842. The recent spike in volume corresponding with a significant upswing indicates strong buying interest. Ether’s price oscillation between $3,750 and $3,840, followed by a slight pullback from the resistance at $3,842.5, suggests a potential retracement. ETH/USD daily chart. The 4-hour chart reveals broader support…

In a recent revelation by CoinShares, Cardano (ADA) has emerged as a frontrunner on the cryptocurrency market, witnessing a staggering 500% surge in fund flows within the past week. The weekly report on fund flows in cryptocurrency-focused investment products revealed that investments tied to Cardano reached a remarkable $1 million mark, marking a significant shift in investor sentiment toward the 10th largest capitalized cryptocurrency. This surge in investment comes on the heels of a stagnant period, where Cardano-centric investment products experienced a lack of movement in the preceding week, with neither inflows nor outflows recorded. Just two weeks prior, in…

Claudia Sheinbaum is the first woman to be elected the president of Mexico. Sheinbaum’s party has not proposed a comprehensive policy for crypto, but has imposed a 20% tax on crypto gains and reflected a focus on regulating blockchain. Mexico City’s former mayor, Claudia Sheinbaum, was elected president of Mexico to become the first woman to hold that position, according to multiple reports including The New York Times. The result signals the probable continuation of Mexico’s crypto policy because Sheinbaum is from the ruling Morena party. Her predecessor, Andres Manuel Lopez Obrador, could not run again under the constitution. Sheinbaum…

MasterCard announced the launch of the MasterCard Crypto Credential, a service aiming to make crypto transfers easier and less complex. This service will enable users to send and receive crypto using their aliases instead of typing out long and complex blockchain addresses, a problem that has seen millions of dollars lost during transactions. According to the team, the solution is already enabled on various exchanges, including Bit2Me, Lirium and Mercado Bitcoin exchanges, as well as new additions such as Foxbit, a crypto wallet provider and Lulubit, which is integrated with Lirium. The service will be piloted in Latin America and…

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Bitcoin’s revolutionary Lightning Network has seen two major rollout initiatives begin in the last month, with new access for both the Southeast Asian region and Coinbase worldwide; nevertheless, it faces increased criticism that the entire protocol is fundamentally flawed. The Lightning Network is a Layer-2 protocol being developed on Bitcoin’s blockchain with the ambitious aim of trying to solve Bitcoin’s scalability…

Last week, the SEC approved spot Ethereum ETFs, following Bitcoin ETFs. However, while the final approval was not yet received, investors started to prepare for the final approval. At this point, the CryptoQuant analyst said that since the SEC approved spot Ethereum ETFs, more than 800,000 ETH worth approximately $3 billion have left crypto exchanges. Pointing out that a similar situation occurred for BTC in January, the analyst thinks that ETHs issued from the stock exchanges were purchased by unknown persons or institutions. The analyst said that behind the record outflow of 800 thousand Ethereum worth approximately $ 3 billion…

Litecoin (LTC), one of the pioneering cryptocurrencies, has achieved a remarkable milestone, marking 12.5 years of uninterrupted uptime. This achievement underscores the network’s reliability and resilience. “Litecoin works. for 12 and 1/2 years. 100% uptime,” the official Litecoin X handle wrote in a celebratory tweet. Litecoin works. For 1️⃣2️⃣ & 1/2 years. 100% uptime. pic.twitter.com/fN7BeqpvEo — Litecoin (@litecoin) April 22, 2024 Since its inception in 2011, Litecoin has been operating without significant downtime, a feat that not many cryptocurrencies can claim. The network’s ability to maintain continuous operation for over a decade is a testament to the strength of its…

The crypto industry has so far gathered about $161 million after Coinbase became the latest company to donate $25 million to its political action committees for this election, which potentially makes it among the most formidable campaign-finance operations in the U.S. That kind of cash could have allowed the PACs to spend well over $300,000 on every seat of Congress up for grabs in November. The crypto industry has – with the addition of another $25 million from Coinbase Inc. on Monday – amassed one of the largest stockpiles of campaign cash in U.S. politics. U.S. digital assets exchange Coinbase…

BitMEX, a prominent cryptocurrency derivatives exchange, has announced an increase in the maximum leverage ratio for its Ethereum (ETH) perpetual contracts to 200x. This adjustment follows heightened trading activity and market volatility spurred by the U.S. Securities and Exchange Commission’s (SEC) preliminary approval of spot Ethereum ETFs. Contents hide 1 Strategic Timing for Leverage Increase 2 Isolated Margin Positions Only 3 Key Takeaways for Investors Strategic Timing for Leverage Increase BitMEX’s decision is strategically timed to take advantage of the current market dynamics. The exchange highlighted this period as an ideal opportunity for traders to bet on ETH price movements…

After US President Joe Biden vetoed a bill aimed at repealing the anti-cryptocurrency SAB 121, analysts at research and brokerage firm Bernstein noted that the Securities and Exchange Commission (SEC)’s approval of spot Ethereum ETFs last month He was skeptical of the idea that political influence played a role. Bernstein analysts Gautam Chhugani and Mahika Sapra addressed this issue in a note to clients today. They argued that the SEC’s decision to approve Ethereum ETFs was likely driven by pragmatic considerations rather than political pressure. “Given that the President vetoed the SAB 121 repeal bill, the politically motivated theory seems…