Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Ethereum On The Rise and Outperforms Bitcoin: Signals Indicate Fresh Increase

EthereumJun 17

Ethereum price started a fresh increase from the $3,365 zone. ETH outperformed Bitcoin and might aim for a move toward the $3,800 resistance zone. Ethereum started a recovery after the bulls appeared near the $3,365 zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it stays above the $3,550 pivot level. Ethereum Price Outperforms Bitcoin Ethereum price extended losses below $3,550 and $3,500 resistance levels. However,…

Telegram Games ‘Tapswap’ and ‘Yescoin’ Launching Tokens on The Open Network

AltcoinsJun 17

First it was Notcoin—which dropped the biggest gaming token so far in 2024—and then it was the white-hot Hamster Kombat, which is building on the Telegram clicker model with a token airdrop ahead. Now, a pair of rising Telegram games have revealed plans to bring their projects to The Open Network (TON) as well, with token launches ahead. Tapswap and Yescoin, both simple games playable via mini apps on the Telegram messaging platform, revealed plans in separate announcements on Thursday to launch on TON. If you played Notcoin before the “mining phase” ended in April ahead of the token launch,…

Bitcoin Mirrors 2015-2017 Bull Market as Investors Accumulate

BitcoinJun 17

Bitcoin’s current market behavior is drawing notable comparisons to the 2015-2017 bull market, capturing the attention of investors. With historical parallels drawing optimistic projections, the outlook for Bitcoin remains promising as it mirrors patterns from its formative bull market years. Bitcoin Investors Continue to Accumulate Bitcoin recorded a correction of over 20% after hitting an all-time high of nearly $74,000 in March 2024. This is the sharpest market correction on a closing basis since the FTX collapse in November 2024. However, Bitcoin has almost recovered from this drawdown, hitting $72,000 on May 21. As of writing, it is trading at…

the mean reverting strategy on Ethereum (ETH)

EthereumJun 17

In order to diversify the basket of systematic trading strategies, this article will attempt to evaluate whether it is possible to approach trading on Ethereum (ETH) with a “mean reverting” strategy based on false breakouts. Like most cryptocurrencies, Ethereum has historically shown a predominantly “trend following” behavior, therefore seeking trend reversals might seem like a counterproductive choice. With the recent evolution of the crypto market, it might be useful to consider incorporating a strategy into your portfolio that takes advantage of the “mean reverting” trend, which seems to be increasingly present in this market as well, fueled by growing liquidity.…

LTO Network Partners with DWF Labs for Market-Making Solutions

AltcoinsJun 17

LTO Network, a Layer-1 project focused on Real-World Assets (RWA), has announced a partnership with DWF Labs. It is a new generation market maker and investment firm. This partnership aims to bring DWF Labs’s innovative market-making solutions to enhance LTO Network’s capabilities. Thrilled to share about our partnership with @TheLTONetwork 🔥 We will support their team's operations as they expand in the rapidly growing RWA and tokenisation sectors – offering increased token access and value through additional exchanges. We look forward to supporting… https://t.co/6GD265QTM2 — DWF Labs (@DWFLabs) June 13, 2024 DWF Labs to Aid LTO Network’s RWA and Tokenization…

Bitcoin Spot ETFs See Significant Net Inflows, Reaching $48.706M on May 30!

BitcoinJun 17

Key Points: Bitcoin spot ETFs saw a $48.706M net inflow on May 30, marking thirteen consecutive days of positive inflows. Fidelity’s FBTC ETF led with a massive $119M single-day inflow, highlighting strong investor interest. Total historical net inflows for Bitcoin spot ETFs reached an impressive $13.809B, showcasing growing mainstream acceptance. Bitcoin spot ETFs experienced a notable net inflow of $48.706 million, marking thirteen consecutive days of positive net inflows. This consistent upward trend highlights the growing investor interest and confidence in Bitcoin as a mainstream financial asset. The most significant inflow was observed in Fidelity’s Bitcoin ETF (FBTC), which recorded…

TON Network TVL Exceeds $500M As Toncoin Gains 9%

AltcoinsJun 17

Key Points: TON ecosystem’s Total Value Locked (TVL) surpasses $500 million. Toncoin’s value increases by 8.53% with a 40% rise in trading volume. TON network TVL crossed $500M, a major increase from $22.9M in March ’24, which is a 300% rise in the last 30 days, indicating growing trust and investment. The Total Value Locked of the TON ecosystem has crossed a new threshold and now stands at more than $500 million, having remarkably increased from the earlier value of $22.9 million registered by March 2024. Source: DeFiLlama This increase, therefore, constitutes something symbolically significant for the ecosystem of TON,…

Is Bitcoin on the Brink of a Major Rally? Here’s What CryptoQuant’s Latest Report Says

BitcoinJun 17

In crypto, indicators like the ‘Supply in Profit’ provide valuable insights into market trends and investor sentiment. CryptoQuant’s latest analysis delves into this indicator, revealing patterns that might suggest we are on the brink of a bullish period for Bitcoin. Understanding the Supply in Profit Indicator The Supply in Profit indicator tracks the percentage of Bitcoin that is currently held at a profit—that is, the price at which the coins were bought is lower than the current market price. This metric becomes particularly significant when Bitcoin’s price exceeds past highs, pushing the indicator toward 100%. This scenario implies that the…

$8.12 Billion in Bitcoin and Ethereum Options Expiring Today: Market Impact

BitcoinJun 17

Today, approximately $8.12 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are due to expire. Market watchers are particularly attentive to this event due to its potential to influence short-term trends through the volume of contracts and their notional value. Examining the put-to-call ratios and maximum pain points can provide insights into traders’ expectations and possible market directions. Insights on Today’s Expiring Bitcoin and Ethereum Options The notional value of today’s expiring BTC options is $4.65 billion. According to Deribit’s data, these 261,390 expiring Bitcoin options have a put-to-call ratio 0.6. This ratio suggests a prevalence of purchase options…

XRP Whale Cashes Out $25M Despite Recent Ripple Rally

AltcoinsJun 17

Massive XRP transfers to centralized exchanges by a prominent whale have sparked concerns among investors, despite the cryptocurrency’s recent price recovery. Over the past 24 hours, a whale has moved an enormous volume of XRP to centralized exchanges (CEXs). This move comes against the backdrop of XRP’s recent price recovery, which has led to increased scrutiny of whale behavior and its potential impact on market dynamics. 🚨 30,045,000 #XRP (14,533,925 USD) transferred from unknown wallet to #Bitstamphttps://t.co/JL4N3c3nzx — Whale Alert (@whale_alert) June 12, 2024 Based on on-chain data, one of the most active XRP whales moved about 52 million XRP…