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.

Bitcoin Itching for a New All-Time High But Bears Defend $72K (BTC Price Analysis)

Bitcoin’s price has recovered from the $65K level a few days ago and is en route to making a new all-time high soon. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been forming a large symmetrical triangle pattern. Yet, the market is currently testing the higher boundary of the pattern. If the price successfully breaks above the upper boundary, a rally toward the $75K level and creating a new all-time high would become increasingly possible. The Relative Strength Index also shows values above 50%, indicating that the momentum is bullish and a price surge…

BitcoinJun 4

FLOKI And BONK Drop 5% After Revolut Listing Announcement

FLOKI and BONK had remarkable growth over the weekend after recovering from the Bitcoin dip at the end of last week. These tokens have been some of the hottest topics during this bull run, with FLOKI and BONK increasing by over 500% and 87%, respectively. Recently, both memecoins were listed on the European neo bank and retail platform Revolut, but the news didn’t appear to have a massive impact on the tokens. However, the projects’ most recent announcements have seemingly made them soar in the past hour. FLOKI And BONK To Take Over Europe The projects announced their listing on…

AltcoinsJun 4

Bitcoin's Halving to Slash Supply Growth, Poised to Beat Gold: Insights from Willy Woo

Bitcoin halving is a programmatic event embedded within the Bitcoin protocol, designed to regulate its finite supply. Approximately every four years (or more precisely, every 210,000 blocks), the block reward issued to miners is automatically halved. The upcoming halving, estimated for April 2024, will reduce the block reward from its current 6.25 BTC to 3.125 BTC. This mechanism serves two core purposes: Inflation Control: By gradually reducing the rate of new Bitcoin issuance, the halving safeguards against hyperinflation and maintains the currency’s scarcity over time. This aligns with Bitcoin’s deflationary model, intended to increase its purchasing power. Miner Incentives: While…

BitcoinJun 4

Here’s How Much Your 100M, 500M or 1B Shiba Inu Would be Worth if SHIB Hits $0.00769, $0.089 or $0.19

If Shiba Inu ever reaches lofty targets like $0.00769, $0.089, and $0.19, investors holding between 100 million and 1 billion SHIB could see their investments hit unimaginable levels. Shiba Inu has sustained its latest rebound, conquering multiple crucial resistance levels to breach the $0.000027 psychological threshold eventually. As a result of this recovery campaign, SHIB is up 51% from the April 13 low of $0.00001830, as it changes hands at $0.00002763, a high last witnessed on April 12. With Shiba Inu outperforming Bitcoin (BTC) and the rest of the market during this market-wide resurgence, bullish sentiments have re-entered the scene…

AltcoinsJun 4

Hedera's HBAR Doubles, Then Falls 25%, as BlackRock Links Diminish

BlackRock was not directly involved with the launch of a tokenized money market fund on Hedera. HBAR funding rates are negative as traders look to short the recent spike. Liquidity remains thin relative to volume, indicating a volatile trading period ahead. Hedera’s native HBAR token surged by over 107% on Tuesday, then slipped 25%, as investors believed that BlackRock was involved in a fund tokenization project on the Hedera blockchain. On Tuesday, Hedera announced that BlackRock’s ICS U.S. Treasury money market fund had been tokenized on the Hedera blockchain in collaboration with Archax. Hedera supporters on social media began claiming…

AltcoinsJun 4

Bitcoin and FED Comment from Famous Billionaire Mike Novogratz! FED Will Fire Up BTC Price Whether It Wants It Or Not!”

While Bitcoin's halving and possible FED interest rate cuts are expected, when the FED will start cutting interest rates continues to be a matter of curiosity and debate. While there are many evaluations at this point, the last comment came from the famous Mike Novogratz. Mike Novogratz, who shared from his account At this point, Novogratz stated that a possible interest rate cut would be an upward catalyst for assets such as BTC, gold, silver and copper. “Call me crazy, but I don't see a single good reason for the Fed to cut interest rates. However, I still think the…

BitcoinJun 4

ETH Price Fails to Challenge $4K Resistance but Promising Signs Appear: Ethereum Price Analysis

Ethereum’s price has recently experienced a massive spike following the news of its ETF being approved. While the trend is bullish, there is still one obstacle left, as the asset has failed to overcome the coveted $4,000 level. Technical Analysis By TradingRage The Daily Chart As the daily chart demonstrates, Ethereum’s price has been correcting in a large descending channel for the last few months. Yet, the asset finally broke the channel and the $3,600 resistance level to the upside last week, following the ETF news. The market is currently testing the $4,000 resistance zone, with the Relative Strength Index…

EthereumJun 4

VeChain Unveils Latest Technological Advancements for the Start of Q2

VeChain introduces VeBetterDAO, incentivizing sustainability on its blockchain platform. Marketplace as a Service (MaaS) simplifies NFT integration for businesses. Thor Update v2.1.1 enhances VeChainThor blockchain with improved features. VeChain, the blockchain platform renowned for its commitment to innovation and sustainability, has unveiled its latest technological advancements in the April tech update. The update showcases the progress made by VeChain’s development teams and offers a glimpse into the platform’s future endeavors. The latest instalment of our #VeChain tech update series is live! Check out what our dev teams have been working on, what's coming next for VeBetterDAO, & how we're advancing…

AltcoinsJun 4

Miners keep adding to BTC stockpiles in homestretch before halving

Companies have less than two weeks of mining bitcoin at the current per-block reward levels, and many aim to add to or maintain the BTC levels on their balance sheets. Mining rewards are set to drop from 6.25 BTC per block to 3.125 BTC as part of the upcoming bitcoin halving. The occurrence, which takes place every four years or so, is slated to land on or around April 20. Read more: The Bitcoin halving is just weeks away — here’s how miners have prepared Marathon Digital and Hut 8 have the biggest bitcoin piles among public mining companies, while…

BitcoinJun 4

Ether Inflows Hit Record Levels as ETF Hype Grows

Insight from IntoTheBlock reveals that Saturday’s Ether (ETH) inflow of 140,660 ETH was its highest since January. The on-chain data provider noted that these high inflows to exchanges often signal sell pressure, with investors either taking profits or reacting to market fears. The amount of Ether flowing into exchanges hit the highest point since January! With a netflow of 140.66k $ETH on saturday, this marks the highest net deposits to exchanges in over 4 months. High inflows to exchanges are typically a sign of selling behavior, as people either… pic.twitter.com/XAesouv0XR — IntoTheBlock (@intotheblock) May 28, 2024 Nansen Intelligence data shows…

EthereumJun 4