Author: NBTC

Kaiko Research said Bitcoin’s (BTC) correlation with equities is rising, with a 90-day correlation rising to 0.17 last week after hitting a multi-year low of 0.01 in March. Meanwhile, Brazil experienced a significant rise in volume and is outpacing the dollar. Bitcoin’s 90-day correlation with equities rose to 0.17 the week of May 5, above its multi-year low of 0.01 in March, according to the firm’s May 13 research report. BTC’s correlation with risk assets is below its 0.6 high, as seen during bull markets. Bitcoin has maintained a near-zero correlation with the European equities index STOXX 600 since the…

As Ethereum’s price continues to trend lower, investors are wondering whether the bull market is over. Yet, there is still a key support level that can provide the staging grounds for a recovery. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been trending lower inside a large descending channel pattern. In the last few days, the market has failed to reclaim the $3,500 level, and it dropped lower following a bearish rejection. Currently, a decline toward the $3,000 support level, which coincides with both the lower boundary of the channel and the 200-day moving…

Zilliqa and Fireblocks have joined forces to integrate Zilliqa’s ZIL tokens into the Fireblocks Vault and Network. This partnership aims to enhance the security and accessibility of ZIL tokens for institutional and retail investors alike. Zilliqa’s CEO views the collaboration as a strategic move to expand Zilliqa’s ecosystem and investment opportunities. Discover how the recent integration of Zilliqa’s ZIL tokens into Fireblocks Vault and Network is set to revolutionize institutional crypto asset management, offering enhanced security and accessibility. Zilliqa and Fireblocks Partnership Unlocks New Horizons Zilliqa has officially integrated its ZIL tokens with Fireblocks, a leading digital asset custody, transfer,…

Solayer’s integration enhances Solana’s security with a shared-validator-as-a-service model, boosting decentralized app reliability. OKX expands blockchain utility by offering tailored blockspace solutions, catering to diverse developer needs. This move reinforces OKX’s commitment to innovation, fostering a robust digital economy with advanced blockchain functionalities. OKX, a prominent Web3 technology firm, announced the integration of Solayer into its OKX Wallet, effective immediately. Solayer, a pioneering restaking network native to Solana, capitalizes on Solana’s robust economic security and rapid transaction processing capabilities. This collaboration enables OKX Wallet users to engage with advanced decentralized cloud infrastructure, offering heightened consensus mechanisms and tailored blockspace solutions…

Anyone who’s read about bitcoin or spoken with a crypto enthusiast has probably heard the argument that bitcoin is an ideal “store of value” akin to “digital gold.” The argument can be illustrated by a simple thought experiment. Imagine the supply of U.S. dollars increased by 100% overnight. The inevitable result would be rampant inflation, eroding the purchasing power of every dollar in circulation. Now, imagine another scenario, where a new policy mandates that the bitcoin supply be doubled, creating an additional 21 million coins. This latter policy is simply impossible. While the Federal Reserve can manipulate the value of…

Analytics X account @lookonchain spreads the word about a large whale, who is long on ETH. Currently, this trader is on the verge of liquidation, the tweet states, while he is about to lose the more than $30 million in crypto that he borrowed. Ethereum (ETH) whale on verge of liquidation According to the data source, this whale deposited 12,374 ETH to Compound, while he borrowed $31.4 million stablecoins. @lookonchain says that should the Ethereum price continue to decline, once it falls to the $2,984 level, this whale’s long positions will be liquidated. As the market declines, the whale who…

Our column on crypto price analysis continues, today the assets examined are Polygon (MATIC), MyNeighborAlice (ALICE), and Toncoin (TON). Prices and market statistics of the crypto Polygon (MATIC), MyNeighborAlice (ALICE) and Toncoin (TON) Recent news of the assets Conclusions Prices and market statistics of the crypto Polygon (MATIC), MyNeighborAlice (ALICE) and Toncoin (TON) Polygon (MATIC), one of the main scaling solutions for Ethereum, has recently seen a significant price increase, rising from about 0.64 to 0.77 USD. This increase has been fueled by a series of important updates and announcements. Currently, the market capitalization of MATIC stands at around 6.5…

SFT Protocol, a blockchain protocol enabling dApps to access real-world data, has announced an exclusive development. As per the company, it has conducted the sell-out of Titan Network Phase III hardware infrastructure under the SFT Chain by burning up to 20,000 rSPD tokens. The platform took to its official account on X to reveal this move. 🔈 Today, we’re excited to announce the sell-out of SFT Chain’s Titan Network Phase III hardware infrastructure, with 20,000 #rSPD burned! 🚀 Thank you for your tremendous support. SFT Chain remains committed to exploring new projects, fostering innovation, and creating… pic.twitter.com/UGI1dPxAA0 — SFT Protocol…

Given the high hopes that persisted through much of 2024 stemming from the approval of spot exchange-traded funds (ETFs), the reaching of a new all-time high (ATH) in March, and the April halving event, there has been a surprising amount of drama and uncertainty surrounding Bitcoin (BTC) in recent weeks. Indeed, while earlier analyses predicted Bitcoin would hit $100,000 in no time, and some of the cryptocurrency’s bigger bulls estimating it can reach $300,000 by the end of 2024, the debate has shifted on whether the coin can even hold above $60,000 or if BTC will need to find its…

Ethereum price remained in a bearish zone below $3,250 zone. ETH dived below the $3,000 support and even tested the $2,850 zone. Ethereum started a fresh decline below the $3,120 and $3,000 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited above the $3,120 zone. Ethereum Price Dives 8% Ethereum price failed to start a recovery wave above the $3,150 and $3,200 resistance levels.…