Author: NBTC

Bitcoin (BTC) experienced a notable decline today, following a promising rally the day before. As of the time of writing, it’s trading at $63,118, marking a 3.9% decrease within the last 24 hours. This sudden decrease has taken many investors and traders by surprise. The crypto market is closely monitoring the situation’s development. Is Bitcoin’s Recent Dip a Pre-Halving Jitter? The volatility resulted in significant trader liquidations. Over the last day alone, market volatility has led to the liquidation of positions held by more than 96,000 traders, totaling a substantial $276.17 million. This total includes $202.35 million from long positions…

A widely followed crypto strategist says that a certain altcoin group will massively benefit from the approval of a spot market Ethereum (ETH) exchange-traded fund (ETF). Pseudonymous analyst DonAlt tells his 554,400 followers on the social media platform X that while an Ethereum ETF might be a bit bearish for Bitcoin (BTC) inflows, it will be bullish for Ethereum and an altcoin cohort that has yet to see big rallies. “Think ETH ETF would take quite a bit of bid away from BTC. Think ETH ETF would lead to ETH going up which would lead to more stupidity in the…

As the meme coin competition grows, Shiba Inu has extended its subtle lead over its core rivals Dogecoin (DOGE) and PEPE. Shiba Inu whales unleashed Besides the general slip-off in the price of the three meme coins, other performance metrics are beginning to see a revival. Per data from crypto analytics platform IntoTheBlock (ITB), the whale transaction volume of Shiba Inu has soared by a massive 268.26%. Per the data, these large transactions imply the valuation of trades or transfers worth more than $100,000, topping $98.12 million in 24 hours. By comparison, Dogecoin has seen its whale transactions jump by…

Crypto prices continue to decline, with the Bitcoin Trend Indicator dropping into neutral. Trading volume for BTC remains resilient, however. Bitcoin (BTC) was down nearly 4%, trading below $62,500 in the early hours of the Asia business day, while Ether (ETH) is trading above $3000. The CoinDesk 20, a measure of the world’s largest and most liquid digital assets, is trading at 2,139, down 4%. CoinDesk’s Indices Bitcoin Trend Indicator (BTI) has flipped to neutral from bullish, signaling a weakening of upside momentum. The BTI is a daily signal communicating the direction and strength of bitcoin’s price trends through a…

VanEck’s proposed spot Ethereum ETF has appeared on the Depository Trust and Clearing Corporation’s (DTCC) new securities list with the ticker $ETHV. This development comes shortly after Cboe released amended 19b-4 forms. ETHV: VanEck’s Ethereum ETF Awaits SEC Approval, Listed on DTCC While the DTCC listing is a crucial step for the ETF, it does not guarantee the US Securities and Exchange Commission’s (SEC) approval, which is still pending. VanEck’s spot Ethereum ETF application will likely be the first to get a decision from the SEC. The SEC will decide whether to deny or approve the product. Van Eck filed…

Nearly 40% of institutional investors had some exposure to crypto assets in 2023, a notable rise from the 31% recorded in 2021. A recent survey conducted by KPMG in Canada and the Canadian Association of Alternative Assets & Strategies has revealed a significant increase in institutional investors’ interest in cryptocurrencies. Per the survey, a third of respondents reported having at least 10% of their portfolio allocated to crypto assets, compared to only a fifth of respondents two years ago. Institutional Investors Enter Crypto Amid Maturing Market The survey also explored the reasons behind institutional investors’ growing interest in cryptocurrencies. A…

Restakingairdrops offer passive income: earn tokens by holding and staking, maximizing investment potential. Top crypto projects like Picasso, AltLayer, and Pendle offer restacking airdrops, enhancing token holder benefits. Restake Finance pioneers modular liquid staking, promising efficient token utilization and future airdrop rewards. In the ever-evolving crypto world, the airdrop concept has ended up as a prevalent procedure for presenting and disseminating unused crypto tokens to the community. In any case, there’s another variation of the airdrop show that’s picking up expanding consideration, to be specific restaking airdrops. In this article, there are the top 5 crypto projects that offer airdrop…

In an interview with crypto.news Oliver Linch, CEO of Bittrex Global, discussed Thailand’s regulatory direction regarding the cryptocurrency sector. Thailand’s Securities and Exchange Commission (SEC) has intensified its regulatory framework to curb unlicensed crypto activities, citing fraud and money laundering concerns. “The SEC warns people and investors to be cautious about using unauthorized digital asset operators because they do not receive legal protection,” the regulator said in a statement. The commission banned access to unlicensed crypto exchanges last month and introduced significant changes aimed at fortifying the digital asset market. These amendments included the removal of investment caps for retail…

Cryptocurrency analysis company CryptoQuant evaluated the possibility of a new correction in Bitcoin prices after the recent declines. The company’s analysts have identified several factors that indicate a further price correction in Bitcoin is likely. The cryptocurrency market continues to heat up and the prevailing sentiment is the expectation of further price gains and a rapid recovery. However, one CryptoQuant analyst says he sees signs of the possibility of a decline. Here are the factors shared by the analyst: Average 30-day funding rates remain high and reflect 2021 all-time highs. Bitcoin price is currently at an all-time high and facing…

Ethereum price extended its increase and tested $3,840. ETH is holding gains and seems to be eyeing a move toward the $4,000 level. Ethereum started a fresh increase and traded above the $3,750 resistance zone. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $3,710 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,380 support. Ethereum Price Eyes Additional Gains Ethereum price started a fresh surge after reports of increased…