Author: NBTC

Bitcoin ETF slowdown is a short-term pause not the beginning of a negative trend, the report said. Broker’s expectation of a bitcoin high of $150,000 by 2025 remains the same. The bitcoin mining cycle remains healthy after the halving, Bernstein said. The slowdown in bitcoin (BTC) exchange-traded fund (ETF) inflows is a short-term pause before ETFs become more integrated with private bank platforms, wealth advisors and more brokerage platforms, and not the beginning of a worrying trend, broker Bernstein said in a research report on Monday. The broker notes that the world’s largest cryptocurrency has been range-bound in terms of…

Ethereum (ETH) gas fees dropped to $1.12 per transaction on April 27, a level previously visited on October 18. This could hint at a historical buy signal as cryptocurrency analysts point out gas fees as bottom and top indicators. In particular, the leading Santiment analyst Brian Q shared an insight on the platform, studying gas fees’ correlation to price. ETH was trading at $3,300 per token by press time. “Traders historically move between sentimental cycles of feeling that crypto is going “To the Moon” or feeling that “It Is Dead”, which can be observed through transaction fees. These fees will…

Dogecoin, the chief meme coin, has stolen the spotlight with a 10% price jump over the past 24 hours. After surpassing Cardano by market cap, the meme coin has now built a massive lead over the Ethereum competitor, holding the 9th spot on CoinMarketCap. According to data provided by Santiment, dormant whales moving DOGE back into circulation are behind the significant price move. Notably, $5.5 million worth of Dogecoin shorts has been liquidated over the past 24 hours alone. According to data provided by IntotheBlock, 88% of Dogecoin holders are in the money at current prices. Last week, it was…

An analyst who rode the 2023 crypto breakout believes that Bitcoin’s bull market will remain “incredibly strong” even if BTC plummets to $52,000. In a new strategy session, pseudonymous analyst DonAlt tells his 59,100 YouTube subscribers that a 30% correction from BTC’s all-time high should not be surprising considering that Bitcoin rose by almost 170% from October to March. According to the top analyst, a drop to $52,000 will not negatively impact the high time frame strength of BTC. “I think even if this pulls back to $52,000, it would look incredibly strong. That’s a tiny pullback in the grand…

Ethereum has come under scrutiny from the Securities and Exchange Commission (SEC), which has hinted at classifying it as a security. This move by the SEC has sparked controversy, especially after a clear stance in 2018 that Ethereum did not meet the criteria of a security. Blockchain software company Consensys has firmly positioned itself against the SEC‘s reconsideration in light of these events. Here are four compelling reasons supporting why Ethereum should not be deemed a security. 1. Historical SEC Stance on Ethereum In 2018, William Hinman, then Director of the Division of Corporation Finance at the SEC, made a…

Davinci Jeremie, a Bitcoin advocate since 2011, has urged crypto market participants to consider Shiba Inu in their investment portfolio. Jeremie issued this call in a recent post on X, where a crypto enthusiast sought his view about investing in Shiba Inu for potentially long-term gains. Jeremie responded affirmatively. Yes. https://t.co/C3Wj5De5Xa — Davinci Jeremie (@Davincij15) March 31, 2024 Notably, the context of the conversation revolves around his 2013 advocacy for investment in Bitcoin. Bitcoin Magazine initiated the conversation by unearthing a 2013 video in which Jeremie urged the investing public to buy Bitcoin. In the video, Jeremie implored investors to…

During the past weekend, the overall cryptocurrency market experienced sustained downward pressure. Bitcoin’s price underwent a further 2.34% decline, dropping to $62,311. Similarly, the altcoin sector encountered intensified selling activity, with the top ten altcoins correcting by 4-10%. Will BTC price crash further aftre May1? Let’s take a look at this in more detail. How has the Bitcoin price moved recently? Currently, the price of Bitcoin stands at $62,300, with a 24-hour trading volume of $128.17 billion, a market capitalization of $1.23 trillion, and a market dominance of 52.60%. Over the past 24 hours, the price of BTC has decreased…

In the last two weeks, liquid staking derivative (LSD) protocols have experienced a decline of 60,000 ether valued at over $198 million, with Lido accounting for 40,000 of the ETH withdrawn. LSD Sector Snapshot: $198 Million Ether Withdrawn in 2 Weeks Liquid staking has been witnessing a decrease; on April 15, 2024, the 27 distinct LSD platforms had 13.15 million ether, which has now dropped to 13.09 million ETH, currently valued at $43.01 billion. The LSD protocol Lido remains the largest holder of ETH among the LSDs, possessing 9.35 million ether, which represents 71.41% of the total market share. Two…

In the ever-evolving landscape of blockchain technology, Solana has emerged as a market leader with its fast, secure, and scalable infrastructure. With a robust ecosystem hosting hundreds of projects ranging from decentralized finance (DeFi) to non-fungible tokens (NFTs), Solana stands at the forefront of innovation in decentralized applications (dapps). What factors have pushed Solana to become a blockchain leader, and how can investors use Bybit to capitalize on this growth? The Rise of Solana: Revolutionizing Decentralized Applications Solana is an open-source blockchain platform that achieves fast transaction speeds and scalability without relying on layer 2 solutions, which are common on…

Thai authorities recently cracked down on a crypto mining operation suspected of stealing electricity. The raid in Samut Sakhon and Ratchaburi netted over 650 mining devices valued at more than 200m baht (about $5m). Acting on tip-offs about unusually high electricity use, officials from Thailand’s Cyber Crime Investigation Bureau and the Provincial Electricity Authority (PEA) secured warrants and raided the two locations, the Bangkok Post reported Monday. The raid in Samut Sakhon targeted a surprising location – a temple compound in the Ban Phaeo district. Here, authorities seized 187 crypto mining devices. A separate warehouse in Ratchaburi yielded another 465…