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.

RSI returns to when the price was at 40,000 USD

The price correction of Bitcoin that occurred over the weekend brought the RSI to levels not seen since it was around $40,000 USD. In fact, Bitcoin’s daily RSI on Saturday dropped to just over 42 points, a level that had not been seen since January 25th. The RSI index follows Bitcoin’s price correction below 65,000 USD Comparison with previous months The weekend problem The RSI index follows Bitcoin’s price correction below 65,000 USD RSI stands for Relative Strength Index, and it is an index of the relative strength of prices. This is one of the most widely used indices by…

BitcoinMay 27

Yuga Labs Co-founder Unveils Major Plans for Bored Apes Franchise

The improvements show that Yuga Labs is heavily investing in game-centric innovation. The group is investigating the possibility of integrating BAYC with other tangible goods. Greg Solano, co-founder of Yuga Labs, has finally spoken out about his plans for the Bored Apes franchise as a whole. Solano took to his official X account to explain that he is holding himself responsible by basing his update on his 10-day check-in. Ever since it debuted and became the largest digital collector series in the sector, Yuga Labs has been trying to sell functional products. Solano identified the major upgrades that excite him,…

NFTMay 27

HNT soars 14.5% as Helium Foundation announces mobile updates and voting results

Helium (HNT), a blockchain-based network designed for the Internet of Things (IoT), has experienced a price surge of 14.5% in the last 24 hours, now trading at $5.86. The latest surge comes at a time when the broader cryptocurrency sector is facing a downturn, highlighting Helium’s significant gains. Currently, Helium boasts a market capitalization of approximately $943 million, securing the 86th position in global cryptocurrency rankings by market cap as per data by CoinMarketCap. HNT 24-hour price chart | Source: CoinMarketCap HNT’s trading volume has soared by 16.92% over the last 24 hours, totaling $67,734,559. In the same timeframe, HNT…

AltcoinsMay 27

Bitcoin begins massive week; Is the panic over?

Bitcoin (BTC) is showing signs of a short-term price rebound following sudden losses that coincided with heightened tensions in the Middle East. The recent downturn in Bitcoin, alongside the broader cryptocurrency market, was partially fueled by what market players termed as investor panic. With Bitcoin breaching the $65,000 resistance level, the main focus is whether it has overcome its recent challenges to embark on a new trajectory amidst prevailing bullish catalysts such as the upcoming halving. In this line, crypto analyst by the pseudonym El_crypto_prof in an X (formerly Twitter) post on April 15 pointed out that based on Bitcoin’s…

BitcoinMay 27

Signs of Potential Approval of Ethereum ETFs Cause Record Rise in ETH Futures! Here are the Details

Ethereum (ETH) futures have reached unprecedented popularity, driven by renewed optimism regarding the potential approval of spot ETH exchange-traded funds (ETFs) in the United States. Ethereum ETF Hopes Push Futures Open Interest to a Record of $14 Billion Notional open interest, which represents the dollar value locked in active Ethereum futures contracts, rose 25% in a single day to $14.05 billion, surpassing the previous peak of $13.2 billion set on March 15, according to data from Coinglass. The increase in open interest indicates a strong inflow of capital into the Ethereum market, predominantly from bullish investors. This sentiment was further…

EthereumMay 27

MEV Bots Surge on Solana Network as Interest in NFTs Wanes

The activity on the Solana [SOL] network has grown immensely over the past few months as interest in memecoins increases globally. However, the surge in MEV (Miner Extractable Value) bots is partly responsible for this growth in activity. These bots, which are complex software programs, look for the best opportunities on blockchains, such as arbitrage and frontrunning. According to fresh research, Solana has consistently generated more MEV than Ethereum over the past fortnight, demonstrating MEV bots’ increasing influence within this network. MEV bots, although positive indicators of the ecosystem, also hinder the user experience. This could potentially lead to a…

AltcoinsMay 27

We asked ChatGPT what will be Bitcoin price if Israel-Iran conflict escalates

The launching of a retaliatory attack by Iran against Israel on Saturday, April 13, has had a substantial impact on the value of numerous assets as it increased the danger for some of the crucial supply routes such as the Hormuz Strait, and reignited worries that the current war in the region could expand to involve other nations. One of the assets that saw the fastest and the most violent reaction as the air assault began was the world’s premier cryptocurrency – Bitcoin (BTC) – a somewhat surprising development considering BTC’s reputation as ‘digital gold.’ Despite the initial shock that…

BitcoinMay 27

AI predicts Ethereum price for August 1, 2024

As the majority of assets in the cryptocurrency sector continue to make significant advances, Ethereum (ETH) is no exception, and the largest altcoin in the market could continue on its bullish path, according to certain artificial intelligence (AI) algorithms. Specifically, Ethereum has moved well beyond the critical psychological price level at $3,500 and continues to record increases, which have seen it race over 18% in a single day on rumors that a spot-based Ethereum exchange-traded fund (ETF) might soon become a reality. Indeed, Bloomberg’s senior ETF analyst Eric Balchunas recently said that he and his colleague James Seyffart now believed…

EthereumMay 27

Top 10 BSC and Binance Chain Crypto Projects by Development Frequency: Santiment

In the ever-evolving landscape of cryptocurrency, staying abreast of the most active and promising projects is crucial for investors and enthusiasts alike. Recently, Santiment, a leading provider of cryptocurrency data and analytics, has unveiled the top 10 Binance Smart Chain (BSC) and Binance Chain crypto projects based on their development frequency. Santiment took to X (formerly Twitter) to share their list of the top BSC and Binance Chain cryptocurrencies by development frequency. The methodology employed involved counting all non-redundant GitHub activity of each project and averaging their daily activity over the past 30 days. 🧑‍💻 Here are #crypto's top #BSC…

AltcoinsMay 27

Ethereum Still Above $3,600 as ETF Approval Hopes Swell

Ethereum took a big leap last night and early this morning on reports that the Securities and Exchange Commission has asked spot ETF applicants to submit revised 19b-4 filings. The 19b-4 filings are what firms use to propose rule changes to the SEC. In this case, applicants would need the regulator to change their rules to allow for Ethereum spot ETFs to trade on exchanges. When this happened for spot Bitcoin ETF applicants in January, the industry was just days away from an historical approval of all 11 spot Bitcoin ETFs. There's no guarantee, of course, that things will play…

EthereumMay 27