Author: NBTC

Outspoken gold supporter and Bitcoin skeptic Peter Schiff has made yet another bold prediction regarding Bitcoin’s future price trajectory, highlighting $60,000 as a crucial support level. He asserts that a decisive break below this threshold could establish a ‘triple top’ pattern, paving the way for a decline to $20,000. This figure would signify significant losses for companies like MicroStrategy, which holds substantial Bitcoin investments. However, Schiff’s dire prognosis of a plummet to $20,000 is not only strange but somewhat disconnected from current market trends and the institutional support Bitcoin has gained after the approval of the first Bitcoin ETF. Since…

Shytoshi Kusama, the Shiba Inu lead developer, sees the recently transitioned ShibaSwap DEX as a central hub for “innovators and Shibizens.” In a recent post on X, Lucie, Shiba Inu’s content marketer, raised awareness of Kusama’s reaction to the migration of the ShibaSwap DEX platform to Shibarium. Lead Developer @ShytoshiKusama – “The new #ShibaSwap is a hub for innovators and Shibizens alike. It’s where community tokens thrive, creating a dynamic marketplace filled with unique projects, causes, and #SHIBARMY members.” Are you ready to #BridgeToShibarium?Soon? Post a… pic.twitter.com/Zswg3hZaqq — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 29, 2024 As reported by The Crypto…

Large holders or wallets owning at least 0.1% of bitcoin’s circulating supply are yet to resume accumulation, according to IntoTheBlock. Traders should closely watch the ETF flows on Monday. Bitcoin (BTC) has recovered 3% since hitting lows near $61,000 over the weekend. Whales, however, are yet to buy the positive turnaround aggressively. Blockchain analytics firm IntoTheBlock’s “large holder netflow” indicator shows that addresses owning at least 0.1% of BTC’s circulating supply have added just over 3,000 BTC ($198 million) today. That’s significantly less than the net inflow of nearly 80,000 BTC ($5.3 billion) seen a day after March 20’s dip…

Bitcoin’s (BTC) price has been making mild moves despite the halving that occurred towards the end of April. Thus, institutional investors have moved to accumulate altcoins in the meanwhile to capitalize on the potential bull run that the crypto market could witness once BTC rises. BeInCrypto has analyzed three tokens that have been noted to be of the most interest to these large wallet holders. Cardano (ADA) Whales Add More ADA to Their Holdings Cardano has been noting increasing accumulation at the hands of the whales since November 2023. This buying streak noted a sudden uptick in the last few…

The price correction of Bitcoin that occurred over the weekend brought the RSI to levels not seen since it was around $40,000 USD. In fact, Bitcoin’s daily RSI on Saturday dropped to just over 42 points, a level that had not been seen since January 25th. The RSI index follows Bitcoin’s price correction below 65,000 USD Comparison with previous months The weekend problem The RSI index follows Bitcoin’s price correction below 65,000 USD RSI stands for Relative Strength Index, and it is an index of the relative strength of prices. This is one of the most widely used indices by…

The improvements show that Yuga Labs is heavily investing in game-centric innovation. The group is investigating the possibility of integrating BAYC with other tangible goods. Greg Solano, co-founder of Yuga Labs, has finally spoken out about his plans for the Bored Apes franchise as a whole. Solano took to his official X account to explain that he is holding himself responsible by basing his update on his 10-day check-in. Ever since it debuted and became the largest digital collector series in the sector, Yuga Labs has been trying to sell functional products. Solano identified the major upgrades that excite him,…

Helium (HNT), a blockchain-based network designed for the Internet of Things (IoT), has experienced a price surge of 14.5% in the last 24 hours, now trading at $5.86. The latest surge comes at a time when the broader cryptocurrency sector is facing a downturn, highlighting Helium’s significant gains. Currently, Helium boasts a market capitalization of approximately $943 million, securing the 86th position in global cryptocurrency rankings by market cap as per data by CoinMarketCap. HNT 24-hour price chart | Source: CoinMarketCap HNT’s trading volume has soared by 16.92% over the last 24 hours, totaling $67,734,559. In the same timeframe, HNT…

Bitcoin (BTC) is showing signs of a short-term price rebound following sudden losses that coincided with heightened tensions in the Middle East. The recent downturn in Bitcoin, alongside the broader cryptocurrency market, was partially fueled by what market players termed as investor panic. With Bitcoin breaching the $65,000 resistance level, the main focus is whether it has overcome its recent challenges to embark on a new trajectory amidst prevailing bullish catalysts such as the upcoming halving. In this line, crypto analyst by the pseudonym El_crypto_prof in an X (formerly Twitter) post on April 15 pointed out that based on Bitcoin’s…

Ethereum (ETH) futures have reached unprecedented popularity, driven by renewed optimism regarding the potential approval of spot ETH exchange-traded funds (ETFs) in the United States. Ethereum ETF Hopes Push Futures Open Interest to a Record of $14 Billion Notional open interest, which represents the dollar value locked in active Ethereum futures contracts, rose 25% in a single day to $14.05 billion, surpassing the previous peak of $13.2 billion set on March 15, according to data from Coinglass. The increase in open interest indicates a strong inflow of capital into the Ethereum market, predominantly from bullish investors. This sentiment was further…

The activity on the Solana [SOL] network has grown immensely over the past few months as interest in memecoins increases globally. However, the surge in MEV (Miner Extractable Value) bots is partly responsible for this growth in activity. These bots, which are complex software programs, look for the best opportunities on blockchains, such as arbitrage and frontrunning. According to fresh research, Solana has consistently generated more MEV than Ethereum over the past fortnight, demonstrating MEV bots’ increasing influence within this network. MEV bots, although positive indicators of the ecosystem, also hinder the user experience. This could potentially lead to a…