Author: NBTC

The price of Bitcoin, the leading cryptocurrency, surged to a new intraday high of $68,276 earlier today on the Bitstamp exchange. The cryptocurrency has touched its highest level since Apr. 12 after plunging to as low as $56,500 on May 1 due to stagflation fears. It is worth noting that ETF flows remain correlated with the price action. Last week, Bitcoin ETFs experienced positive inflows on all five trading weeks, recording total net flows of roughly $950 million. According to Bitcoin analyst Alessandro Ottaviani, if BlackRock’s IBIT and other spot Bitcoin ETFs record more inflows, the Bitcoin price could end…

Ethereum’s price stands at $3,311, with a market capitalization of $404 billion. The 24-hour intraday trading range has fluctuated between $3,277 and $3,500, while the 24-hour trade volume has reached $16.82 billion. A technical analysis across various timeframes highlights significant bearish indicators. The confluence of oscillators and moving averages suggest a continuation of the downward trajectory unless strong buying interest emerges. Ethereum Ethereum’s daily chart reveals a pronounced downtrend, with the price peaking at $3,980 and consistently forming lower highs and lower lows. Recent trading sessions show a sharp decline, closing at $3,225, accompanied by a significant increase in volume.…

Chinese tech giant Tencent (NASDAQ: TCTZF) will participate in the cross-border wholesale central bank digital currency (CBDC) project mBridge at the minimum viable product (MVP) stage. Tencent is one of the few non-bank companies from China that participated in mBridge, a cross-border CBDC project involving China, the United Arab Emirates, Thailand, Hong Kong, and most recently, Saudi Arabia. The Bank for International Settlements (BIS) has been coordinating the project, which is one of the most advanced CBDC pilots globally. Tencent participated through Tenpay Global, its domestic payments platform, and WeBank, its digital banking subsidiary. The firm, which owns China’s largest…

Ripple offloads 150 million XRP, valued at over $78 million, after reserving 400 million tokens during this month’s escrow unlock. In a recent post on X, market tracking platform Whale Alert called attention to Ripple’s latest massive XRP movement. Per the update, the American payment firm dispatched 150,000,000 XRP to the anonymous wallet at 02:08 UTC today. 🚨 🚨 🚨 🚨 150,000,000 #XRP (78,209,179 USD) transferred from #Ripple to unknown wallethttps://t.co/lPfylIvDdm — Whale Alert (@whale_alert) June 7, 2024 The magnitude of this transaction has fueled speculation about Ripple’s strategic intentions. In particular, the movement of 150 million XRP sparked concerns…

A Monday rally during the U.S. trading day put an end to what had been very muted crypto price action over the previous 72 hours, pushing bitcoin (BTC) above $68,000 for the first time in more than five weeks. At press time, the world’s largest crypto was changing hands at $68,250. Leading the rally in crypto was Solana’s (SOL), which has gained 7% over the past 24 hours, also to more than a five-week high. That outperformed both bitcoin’s 2.6% advance and the CoinDesk 20’s 2.8% rise. Read more: Solana’s SOL Could Hit $200 By Month End, Hedge Fund Founder…

The Ethereum price has been dropping since getting rejected from the $4,000 resistance level. In the past 24 hours, the selling intensified and the bears are seemingly targeting the important resistance level at $3,000. Technical Analysis By TradingRage The Daily Chart The daily chart shows that the price has dropped below the $3,600 level and is rapidly approaching the $3,000 support zone. The 200-day moving average is also around the $3,000 mark, further boosting the importance of this level. The Relative Strength Index has dropped below 50%, indicating that the momentum has shifted bearish. If the $3,000 level breaks down,…

Sygnum, the global digital asset group, has formed a new partnership with over 20 banks, offering a third of the population of Switzerland its regulated crypto services. Switzerland: Sygnum and 20 other banks together to offer crypto services Switzerland: Sygnum together with 20 banks to extend the adoption of crypto The opening of Swiss banks to the crypto sector Switzerland: Sygnum and 20 other banks together to offer crypto services The B2B banking platform of Sygnum Bank has announced that it has formed a new partnership with over 20 banks and international financial institutions. Now, a third of the population…

Meme coin BabyDoge, a rival of the two largest meme cryptocurrencies by market capitalization size – Dogecoin and Shiba Inu – has reported through its official X account that it has scored a major new listing. BabyDoge goes live on Toobit In light of this listing, the meme coin price went up by almost 4% today. However, a small decline pushed it back down and, as of this writing, BabyDoge is changing hands at $0.000000001927. BabyDoge has been listed on the Toobit crypto exchange – the 29th-ranked crypto trading platform, according to the CoinMarketCap scale. Currently, this exchange has a…

The Financial Supervisory Service (FSS) has emphasized that it is not directly involved in the listing review process. As the Virtual Asset User Protection Act implementation approaches, panic selling has surged among investors. Financial authorities in South Korea are set to begin a quarterly review of 600 domestic virtual assets next month. This impending review has sparked fear-driven selling among investors. Reports that numerous altcoins might be delisted under new regulations have fueled this panic. On June 18, Upbit reported that prices of roughly half of the coins listed on the KRW market had dropped between 10% and 20% due…

Some crypto options traders are bullish on a declining market by purchasing call options on Ethereum’s native token, Ethereum (ETH), despite its recent decline. Ethereum Investors Invest in $4K Options in Expectation of Record High According to Amberdata, investors are actively purchasing Ethereum call options on the Deribit exchange with a $4,000 strike price expiring in September. A call option allows the owner to purchase the underlying asset at a specific price within a specific time period. By purchasing these call options, investors are betting that the price of Ethereum will rise above $4,000 before the options expire. “Looking at…