Author: NBTC

The crypto market is experiencing a noticeable increase as Bitcoin (BTC) is inching closer to surpassing its highest peak. The cryptocurrency posted a steep rally that saw it hit $68,800 before pulling back to $67,373, representing a 24-hour rise of 5.6% and a huge 19.6% over the week, as per CoinStats data. BTC/USD 7-day Price Chart (source: CoinStats) This rise brought Bitcoin close to its all-time high figure of $69,045, which was recorded in November 2021, therefore triggering talks on market dynamics and the trajectory the cryptocurrency may follow in the future. Market Dynamics and Capital Inflow The past few…

Investment products based on digital assets attracted $2.9 billion in the week from March 11 to March 15. According to a report from CoinShares, capital inflows broke the previously set record of $2.7 billion. The latest week’s inflows take year-to-date inflows to $13.2 billion, topping 2021 total inflows of $10.6 billion. Source: CoinShares At the same time, trading volumes for the week amounted to $43 billion – this is a record for the previous week and more than 47% of the total global volumes of Bitcoin (BTC). Blockchain shares inflowed $19 million for the first time after six weeks of…

Ripple has put back 800M XRP coins in escrow despite unlocking only 500M XRP on the first day of March. Leading crypto payments company Ripple has locked 800 million XRP in its escrow accounts. According to data from Whale Alerts, Ripple locked the XRP coins in three different transactions on March 1. Ripple Locks 800M XRP For the first transaction, Ripple locked 100 million XRP worth $59.48 million in the escrow account on March 1 at 18:50 (UTC). 🔒 🔒 🔒 🔒 🔒 🔒 100,000,000 #XRP (59,486,782 USD) locked in escrow at #Ripplehttps://t.co/KACz527DPn — Whale Alert (@whale_alert) March 1, 2024…

While Bitcoin was winking at its new ATH, $ 68,000 was exceeded last night. While expectations are gathering at the point of exceeding $69,000 in a very short time, ATH has already been exceeded on Upbit, South Korea’s largest cryptocurrency exchange. According to the post of Chinese journalist Wu Blockchain, Bitcoin hit 96,530,000 won, or $72,000, on Upbit on March 5. This 6% difference between the BTC price on exchanges such as Binance and Coinbase and Upbit was attributed to the kimchi premium. The kimchi premium manifested itself not only in the BTC price but also in the Ethereum (ETH)…

New and old-school meme coins are back. Dogelon Mars (ELON) price has jumped in the past six straight days and moved to its highest point since November 2023. Floki Inu ($FLOKI), on the other hand, has roared back, rising to its highest swing since March 2023. As I wrote a while back, this performance is because animal spiritshave returned in the stock and crypto market. For example, the CNN Money fear and greed index has jumped to the extreme greed zone of 77. Most of its sub-indices like market momentum, stock price strength, and put and call options have all…

Bitcoin’s price premiums have resurfaced amidst the recent bullish fervor gripping the market. Kimchi premium Data reveals BTC trading at a $4,000 premium in South Korea compared to other markets. As of press time, Bitcoin was priced at $66,893 on Binance, while Korean platforms like Upbit, Coinone, and Bithumb boasted prices around $70,000. This premium trend extends to Ethereum, the second-largest crypto by market cap. ETH commands around $3,900 on Korean platforms, whereas it hovers around $3,600 on other exchanges. The Kimchi premium denotes a scenario where a digital asset’s price is notably higher on South Korean exchanges than in…

NodeMonkes’ floor price spikes over 50% to 0.82 BTC, becoming the second-largest NFT collection. Runestone’s value also jumps by more than 50% in a week to over 0.04 BTC, ranking it as the sixth-largest NFT. These Bitcoin NFTs outperform major collections like BAYC and MAYC in market value. In a remarkable display of market dynamics, the Bitcoin NFT space has witnessed substantial growth, with collections such as NodeMonkes and Runestone achieving significant milestones. NodeMonkes, in particular, has seen its floor price increase by more than 50% in the past 24 hours, reaching 0.82 BTC. This surge has propelled its market…

Billy Markus, who founded the original meme cryptocurrency DOGE in collaboration with Jackson Palmer and launched it in December 2013, has published a tweet about his brainchild, citing his “historical” message from the Bitcoin Forum. Markus is know on the X platform (formerly known as Twitter) and other social media networks as “Shibetoshi Nakamoto.” In the meantime, within the past 24 hours, the Dogecoin price has staged a major increase, rising by 22.76% today. Dogecoin message from 2013 Billy Markus posted a fresh tweet about Dogecoin about it being a great indicator of “how retarded people are getting.” dogecoin is…

Slightly over a week after the European Central Bank (ECB) experts slammed Bitcoin (BTC) and cryptocurrencies as speculative, worthless, and a tool for criminal activities, warning of its “social dangers,” the flagship decentralized finance (DeFi) asset is still rallying and nearing its all-time high (ATH). As it happens, ECB’s director general of market infrastructure and payments, Ulrich Bindseil, and Jürgen Schaaf, an adviser for market infrastructure and payments, wrote that the “fair value of Bitcoin is still zero” in a blog post titled “ETF approval for Bitcoin – the naked emperor’s new clothes” on February 22. In their view, the…

The world’s largest crypto exchange Binance burned 2.21 billion Terra Luna Classic (LUNC) tokens in the 19th batch of the LUNC burn mechanism. As a result, the net LUNC burn by the crypto exchange reaches over 53 billion and the total tokens burned by the Terra Luna Classic community reaches over 102 billion. The 100 billion LUNC milestone uplifted Terra Luna Classic community’s sentiment and confidence amid a collaborative effort to remove LUNC tokens from the circulating supply. Binance Incinerates 2.21 Billion Terra Luna Classic (LUNC) Binance sent 2.21 billion Terra Luna Classic (LUNC) tokens to the burn address terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu,…