Author: NBTC

Bitcoin flash crashed on July 4 and 5, extending losses from all-time highs to about 30%. Though there was a relief bounce over the weekend, forcing the world’s most valuable coin up by nearly 11%, BTC remains within a bearish formation. Bitcoin Correction Not Over: Will Bears Break $50,000? One analyst who took to X confirmed this assessment, adding that the optimism over the last 48 hours could be quashed in the coming sessions. With BTC not out of the woods, at least from technical formation, the analyst predicted not only will the coin sink below last week’s lows, but…

Following the attempted assassination of former President Donald Trump on Saturday, early-market trading on Monday saw a 53% surge in the shares of Trump Media & Technology Group (DJT) as well as increases for crypto-related stocks. The price of Bitcoin (BTC) also increased following recent Trump events. The presumptive Republican nominee is seen as pro-crypto, and BTC reflected election sentiment by surging above $63,000 on Monday. Crypto-related stocks experienced a surge following Bitcoin’s climb to a two-week high after the recent events involving Trump. Coinbase Global (COIN), along with bitcoin mining companies Riot Blockchain Inc (RIOT) and Marathon Digital (MARA),…

San Francisco-based company Ripple has committed $100,000 to assist ongoing relief efforts in Brazil following devastating floods. The first donations were made in the XRP token to fundraisers started by prominent Latin American cryptocurrency firm Bitso and fintech platform BRLA. The company has also stated that it will be matching donations made by its employees 2:1. Brazil’s Rio Grande do Sul has been devastated by massive floods that have forced hundreds of thousands of people to leave their homes. It might take years for the southernmost state of the largest South American country to return to normal. The entire population…

In the midst of a pivotal legal battle for the cryptocurrency industry, one digital asset is leading the latest rally. It is estimated that Ripple, the company behind the cryptocurrency in question, XRP, is on the verge of reaching an agreement with US regulators. Over the past week, XRP has gained an impressive 40%, pushing its value to around $0.60. In comparison, BTC rose by approximately 12% during the same period. The rise in cryptocurrencies this week is partly due to expectations that Donald Trump will take a more positive attitude towards the sector if he wins the US presidential…

Well-known crypto analyst TechDev says that Bitcoin (BTC) is probably in the midst of a bear trap to shake out weak hands before a large move up in price. The pseudonymous analyst shares with his 464,000 followers on the social media platform X a Bitcoin chart that suggests BTC is mirroring its 2017 pre-parabola price action after roughly 1,200 days of accumulation. TechDev’s chart also incorporates the net unrealized profit and loss (NUPL) metric, which gauges the overall sentiment of market participants by tracking the unrealized gains and losses of all coins in circulation. Based on his chart, the analyst…

Thailand is set to roll out what was initially a controversial $13.8 billion digital cash handout program to stimulate its sluggish economy. Prime Minister Srettha Thavisin announced that eligible businesses and individuals could register for the program, dubbed the “Digital Wallet,” starting August 1, per AP News. Originally announced in April, the plan aims to distribute 10,000 baht (approximately $275) to 50 million Thai citizens, previously totaling about $13.8 billion. However, Deputy Minister of Finance Julapan Amornvivat, during a press conference on July 15, stated the costs had dropped to $12.4 billion as 10% of users had not utilized previous…

Bitcoin needs to reclaim $60,000 to reverse the bearish trend and potentially see gains, aligning with previous market rebounds. The Daily EMA200 is a crucial resistance level. Reclaiming it is essential for Bitcoin’s price to signal a trend reversal. The next support level could provide buying interest if Bitcoin stabilizes, following a significant price drop below the trading range. Bitcoin (BTC) has entered a bearish market structure on the high time frame, signaling a clear downtrend. This shift has raised concerns among investors about potential further declines. However, the current market condition may also present a buying opportunity, depending on…

The TON Foundation, which supports The Open Network (TON), announced Wednesday that it will soon launch TON Teleport BTC, a trustless bridge designed to facilitate secure Bitcoin transfers to and from the Telegram-linked network. The new system aims to allow Bitcoin holders to participate in decentralized finance (DeFi) activities on TON while maintaining the security of their original assets, the Foundation said. TON Teleport BTC will enable users to engage with decentralized exchanges, lending platforms, and other DeFi applications within the TON ecosystem. The Foundation said that the process will be entirely trustless and transparent, operating without a centralized issuer.…

Chicago FED President Austan Goolsbee stated that he believes that the decrease in price pressures requires lowering interest rates, as supported by the moderate June inflation data announced last week. Goolsbee expressed concerns that keeping interest rates steady could lead to an overly restrictive policy stance because the inflation-adjusted short-term interest rate rises each month that inflation falls. Goolsbee described the latest inflation data as “excellent”, saying the figures provided the evidence the central bank needed to ensure it was on track to meet its 2% inflation target. However, he declined to give a specific timeline for the first rate…

An investor is eyeing Cardano as a potential standout in the next bull market, drawing parallels to its impressive performance during the last crypto rally. Highlighting Cardano’s unique security features, which combine the strengths of Bitcoin and Ethereum, and the anticipated native token listings on major exchanges, he sees significant upside potential. Cardano, Avalanche, Bitcoin, & Base! BIGGEST Crypto Bull Market Ever!My top plays for this bull cycle.Intro 00:00Bitcoin and altcoins 1:00Cardano 1:45Avalanche 4:15Bitcoin native assets & $Dog 7:25Base layer 2 10:30 pic.twitter.com/aEdiSMlhl9 — Dan Gambardello (@cryptorecruitr) May 28, 2024 For Avalanche, the investor notes its recent outperformance to Cardano.…