Author: NBTC

The leading cryptocurrency, Bitcoin ($BTC), has entered a downward trend again after reaching a local multi-month high of over $82,000 last week. Market analysts say Bitcoin has lost momentum after being rejected from $82,000 and experiencing an 8% drop, and that bulls need to defend critical support levels for an uptrend to occur. At this point, cryptocurrency data analytics firm Swissblock stated that Bitcoin’s rise has lost momentum, but the current phase signals consolidation rather than a collapse. Swissblock analysts analyzed that Bitcoin loses momentum after each positive surge, and this contributed to its recent drop to $76,000. However, analysts…

Federal Reserve member Neel Kashkari warned that geopolitical risks in the Middle East could put significant pressure on inflation. While noting that inflation remains very high, Kashkari stated that the duration of the Strait of Hormuz closure is a major question mark and will have significant implications for the inflation outlook. Kashkari stated that even if the strait reopens, it could take months for global supply chains to return to normal. The Fed official noted that the recent rise in headline inflation was not surprising, adding that the crucial factor was how permanent the disruption in the Strait of Hormuz…

Japan’s ruling party has made another significant move toward growing the country’s digital asset sector. A policy panel from the Liberal Democratic Party (LDP) has put forward a proposal to promote yen-backed stablecoins across Asia. This would establish a legal framework for cryptocurrency exchange-traded funds (ETFs). 据路透社报道，日本执政党自民党区块链技术推进小组向金融大臣提交提案，建议在亚洲推广日元稳定币用于跨境结算，并建立允许交易加密货币 ETF 的法律框架。提案认为，加密 ETF 可为投资者提供更易理解的投资渠道，应被定位为金融市场的正式投资工具。日本计划借 2027… — 吴说区块链 (@wublockchain12) June 1, 2026 The proposal was submitted to Finance Minister Satsuki Katayama on June 1. It reflects Japan’s deepening interest in blockchain innovation and digital finance. If the government moves forward with these measures, Japan could cement a stronger position in the regional crypto market…

Bitcoin ($BTC) extends its recovery, trading above $77,500 on Thursday amid optimism over a potential US-Iran peace deal that is supporting the market’s risk-on sentiment. Despite this rebound, spot Exchange Traded Funds (ETFs) continue to record steady outflows, and on-chain data highlights cautious signs, with net demand for the Crypto King contracting. US-Iran peace hopes lift risk appetite Risk sentiment among market participants is improving after news on Wednesday that US President Donald Trump characterized the ongoing negotiations with Iran as in their final stages. However, President Trump also reiterated a firm pledge to resume military actions within days if…

A stronger-than-expected U.S. inflation print has complicated the Federal Reserve’s policy outlook, with markets rapidly repricing the likelihood of rate cuts this year after April’s Producer Price Index (PPI) came in at 1.4%. A stronger-than-expected U.S. inflation print has complicated the Federal Reserve’s policy outlook, with markets rapidly repricing the likelihood of rate cuts this year after April’s Producer Price Index (PPI) came in at 1.4%, well above economist expectations of 0.5%, according to Jinshi reports. The hotter reading suggests inflationary pressures remain more persistent than previously assumed, strengthening the argument that monetary policy will stay restrictive for longer. Market…

Speaking at an $XRP community event in Las Vegas, Ripple CEO Brad Garlinghouse made critical statements about the company’s commitment to $XRP, the regulatory processes in the US, and the anticipated Clarity Act. Garlinghouse categorically rejected claims that Ripple was distancing itself from $XRP, stating, “Ripple is the world’s largest holder of $XRP, and we want this asset to succeed more than anyone else.” Responding to concerns that Ripple’s newly announced stablecoin (RLUSD) project would replace $XRP, Garlinghouse stated that their strategy has always been based on increasing $XRP’s liquidity, use case, and trust. The CEO added that the stablecoin…

Belgian prosecutors have opened an investigation into Wise’s accounts over possible money laundering tied to fraud, drug trafficking, and corruption. The news sent the London-listed fintech company’s shares sliding sharply, rattling investors who had only recently started feeling comfortable with the company’s compliance track record. The investigation lands at an awkward moment. Wise had just spent the better part of two years trying to clean up its regulatory image, completing a remediation plan with Belgian authorities and settling AML deficiencies in the US. Now, prosecutors in Brussels are poking around again, and the market is not exactly giving the company…

TronZap, a service focused on TRON network resource rentals, has introduced new bundled packages that combine Energy and Bandwidth in a single purchase. The update is designed to simplify transaction processing on the TRON blockchain, particularly for users transferring $USDT in the TRC-20 format. On TRON, transaction costs work differently from networks that use a standard gas fee model. Instead of paying a fixed fee, users consume two network resources: Bandwidth and Energy. Bandwidth covers the transfer of transaction data, while Energy is required for smart contract operations. Since $USDT on TRON operates through a smart contract rather than as…

Bitcoin is holding its daily S/R flip and the 50/100 EMA zone, keeping the broader recovery setup alive. However, $BTC still faces short-term pressure below $78,600, making that level the key breakout point before any move toward $82,750. Bitcoin Price Holds S/R Flip as Bullish EMA Cross Nears Bitcoin is holding a clean support and resistance flip on the daily chart shared by Super฿ro on X, while the 50-day EMA moves closer to a possible bullish cross above the 100-day EMA. The $BTC/USD chart shows price trading near $77,918 after bouncing from the support area around $76,000-$77,000. This zone previously…

Between the stance of the Securities and Exchange Commission (SEC) during President Biden’s term and President Donald Trump’s campaign promises, it is not difficult to see why many investors chose to turn bullish on Bitcoin ($BTC) and other cryptocurrencies in November 2024. Still, despite the optimism and a significant rally that followed the presidential race, the Republican billionaire’s second term has not been the flawless triumph for digital assets that many expected it to be. Indeed, on November 4, election day, Bitcoin was changing hands at $67,811 while, at press time, the world’s premier cryptocurrency is at $80,509. Thus, a…