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.

Two Major Ethereum (ETH) Price Targets Revealed

Ethereum is finally showing what it is capable of after rumors of the preapproval of the Ethereum ETF have spread around the crypto circle. For now, the price is getting ready for a swing toward or above $4,000, but its true strength is yet to be shown. Ethereum has been seen in an uptrend that recently broke through $3,900. Currently, ETH is trading around $3,898, showing a gain of 1.92%, and the upsurge is supported well by swift trading volumes. The technical indicators are aligning to suggest further upward movement. The 50-day EMA stands near $3,225, while the 100-day EMA…

EthereumMay 29

Price of freedom? Bitcoin users pay a world's average working day in fees

Bitcoin’s (BTC) average transaction fees reached a 4-month high of $24.39 on April 12, nearing the world’s average daily income of $26.66. Bitcoin users and investors now wonder how far network transaction fees can go in the following weeks. Finbold retrieved on-chain data from BitInfoCharts on April 13 regarding the average network fees paid by users the day before. Notably, the average transaction fee historical chart displays USD levels seen for the last time in December 2023. Yet, this increase is partially explained by Bitcoin’s year-to-date price surge, considering lower averages previously measured in BTC or sats/vB. On April 12,…

BitcoinMay 29

Bullish Signals Dominate as Ether Trends Higher

Ethereum’s price on May 27, 2024, stands at $3,908, reflecting a strong upward trend in the recent trading sessions. Ether’s intraday range has been between $3,795 to $3,953 over the past 24 hours. Ethereum Ethereum’s 1-hour chart reveals a steady upward trend starting from May 26, peaking at approximately $3,953. After reaching this peak, the price is consolidating around the $3,880 to $3,900 levels. An increase in volume was observed during the initial upward movement, followed by a decrease during consolidation. A potential entry point could be identified if the price breaks above $3,953 with increased volume, indicating a continuation…

EthereumMay 29

From $49K to $2 Million -- One Solana Trader's Wild Memecoin Adventure

In an astonishing display of cryptocurrency trading, a Solana ecosystem trader turned an initial investment of $49,000 into nearly $2 million within just five hours. This trade involved Tori the Cat (TORI), a newly launched meme coin, sparking significant concerns about potential insider trading. The transaction unfolded when the trader purchased 261.4 million TORI using 344 SOL (Solana’s native token), which had been transferred from Binance to two new wallet addresses on consecutive days. The sheer speed and scale of the profit garnered—approximately 4000%—caught the attention of onlookers and analysts alike. Lookonchain, a blockchain analytics platform, noted that shortly after…

AltcoinsMay 29

Two Crucial Indicators Forewarned BTC Drop to $65,000

In fast downward action, Bitcoin (BTC) plummeted to a low of $65,110 on Friday after briefly testing the $71,000 barrier. At press time, Bitcoin had bounced back to $67,553, down more than 5% over the past 24 hours. Bitcoin's recent price crash from $71,000 to $65,000 surprised the cryptocurrency market, but based on on-chain data, this downturn was not entirely unexpected. Crypto research firm Kaiko tweeted on April 11 that expectations for near-term volatility were increasing. This is because implied volatility for expiries in the following two weeks jumped from 59% to 71% in just two days. Aside from that,…

BitcoinMay 28

Veteran Trader Peter Brandt Reveals Ethereum (ETH) Strategy

Veteran Trader Peter Brandt recently shared insights into his trading strategy, highlighting four trades he is currently involved in, including Ethereum, the second-largest cryptocurrency by market capitalization. The U.S. Securities and Exchange Commission (SEC) approved applications to list exchange-traded funds (ETFs) linked to the price of Ethereum in the past week, potentially clearing the way for the products to begin trading later this year. Ethereum rose over the weekend, buoyed by increased optimism following the approval of U.S. Ethereum ETF applications. At the time of writing, ETH was up 2.38% in the previous 24 hours to $3,905, having reached a…

EthereumMay 28

Top Airdrops to Watch in May!

With the rising bullish sentiments in the cryptocurrency industry post-Bitcoin-Halving and increased price volatility, the market is predicted to achieve a new all-time high (ATH) during the upcoming months. On the other hand, the hype for airdrops has witnessed a significant surge, indicating a rising interest of investors in it to maximize their profits. In this article, we have covered the top 3 airdrops scheduled for May that have a high potential to yield high profits in the short term. ICP: Galactic Airdrop ICP is a unique blockchain and offers a strong decentralized cloud with the help of cryptography called…

AltcoinsMay 28

Prom Integrates NADA Protocol, Boosting GameFi Sector

Prom has integrate NADA Protocol into its ecosystem which is a notable progressive achievement in the GameFi sector. NADA Protocol is a decentralized gaming system using blockchain technology widely familiar for next-gen mobile games. These games are a mix of easy to play fun games with P2E mechanisms for casual gamers as well as for the Web3 space end-users and enthusiasts. Prom Integrates NADA Protocol into the Ecosystem We’re taking a turn to GameFi today: meet @NadaSlimeWorld, a blockchain-based game ecosystem. NADA Protocol is a family of next-gen mobile games. It offers charming gameplay powered by P2E and diverse mechanics…

GameFiMay 28

Crypto Miner Riot Platforms Set to Take Over Rival Firm Bitfarms

Riot Platforms Inc. (RIOT) has aggressively entered the spotlight by securing a 9.25% stake in Bitfarms Ltd. (BITF). The company is now pushing forward with a public takeover bid for the Canadian Bitcoin miner, following Bitfarms’ refusal of a prior approach last month. Riot’s concerns about Bitfarms’ corporate governance, heightened by recent management changes, underscore this move. Riot Offers to Acquire Bitfarms at a 15% Premium Riot has tabled an offer at $2.30 per share, combining cash and stock, valuing Bitfarms at about $950 million. In addition, Riot aims to reshape the governance of Bitfarms by proposing new directors at…

MiningMay 28

Bitcoin Halving Draws Near with Only 1000 Blocks Left, Expected Within a Week

Only a few years back, only the primary crypto lovers (who believed in its revolutionary nature) celebrated the Bitcoin halving. However, the upcoming halving event has already obtained significant attention as the largest institutions based on Wall Street are adopting it. Formerly, just the earliest investors knew that it would prove a deflationary asset. Fourth Bitcoin halving is just around the corner now and coming closer fastly now. Less than a thousand blocks are remaining now and it will take only 6 to 7 days for miners to mine these blocks. Estimated date of $BTC halving is now 19th –…

BitcoinMay 28