Author: NBTC

The price of Bitcoin witnessed a pullback on Tuesday amid a general bearish sentiment around the crypto market, after the digital asset reached the $69,000 threshold. Bitcoin Might Undergo Further Correction Following the correction, several predictions of a further decline in the price of Bitcoin from top crypto analysts have surfassed. Cryptocurrency analyst and trader Ali Martinez has highlighted a few indicators that suggest a continuous retracement in price. Related Reading: Bitcoin Extreme Greed At Levels Higher Than Nov. 2021 Peak, Top Signal? Martinez took to the social media platform X (formerly Twitter) to share his projections with the crypto…

The value of the price floor for several leading Ethereum NFT collections has seen a significant drop over the last week, while Bitcoin Ordinals have increased. According to CoinGecko and Magic Eden, collections reported declines in the price floors of Bored Ape Yacht Club by 37%, Mutant Ape Yacht Club by 42%, and Pudgy Penguins by 38%. Conversely, the NodeMonkes Ordinals collection on the Bitcoin (BTC) blockchain has witnessed a 65% increase in value during the same timeframe. The price floor refers to the minimum price at which an NFT from a collection is available for sale. The fluctuation in…

A closely followed crypto analyst believes that rallies are in store for two top smart contract platforms including Ethereum (ETH). Pseudonymous analyst Loma tells his 301,200 followers on the social media platform X that he thinks Ethereum will likely continue its slow grind up. The crypto strategist shares a chart suggesting that ETH will eventually return to all-time high at around $4,871. “Can steadily just trail stops under that $3,200 area. Price closes below $3,200 on any meaningful timeframe and maybe you can start calling tops. Until then, it’s just a game of patience. Slow is smooth; smooth is fast.”…

According to Justin Sun, TRON’s founder, integrating BitTorrent’s BTT token with artificial intelligence (AI) computing represents a significant forthcoming breakthrough in the blockchain industry. Sun stated this in a thread on X, explaining why he considers it a revolution in digital technology. The integration of #BTT with AI computing represents a significant forthcoming breakthrough in the blockchain industry. #BitTorrent, with its billion-strong global user base and highly distributed network of nodes, stands at the forefront of this revolution. — H.E. Justin Sun 孙宇晨 (@justinsuntron) March 5, 2024 In his explanation, Sun cited BitTorrent’s “billion-strong global user base and highly distributed…

The divergent fortunes of two tech titans were on display in premarket trading today as cryptocurrency exchange Coinbase Global Inc. (NASDAQ: COIN) soared amid a record-setting Bitcoin (BTC) rally. At the same time, chip maker Nvidia Corp. (NASDAQ: NVDA) shares tumbled on the fallout from an AI-related lawsuit. Coinbase Rallies as Bitcoin Hits ATH Coinbase Global Inc. shares surged on Friday, with the cryptocurrency exchange platform’s stock closing at $256.62, up $14 or 5.77% amid an elevated trading volume of 21.9 million shares. The rally, which saw Coinbase’s price hit $272.91 in premarket trading today for a 6.35% gain, extended…

Backpack, a crypto exchange based in Dubai and managed by ex-FTX and Alameda Research leaders, has announced its expansion into the UK. This move follows a successful funding round and is a significant milestone for the growing exchange. So, let’s explore Backpack’s expansion development and its implications for the crypto industry. Backpack Expands Global Foothold With UK Expansion Backpack Exchange, spearheaded by former FTX and Alameda Research employees, has set its sights on the UK market, showcasing its rapid growth trajectory since its inception. With a recent funding round securing $17 million, Backpack has positioned itself as a formidable player…

The U.S. Attorney’s Office in Massachusetts filed an action on Wednesday to return $2.3 million in cryptocurrency to victims of online scams. The cryptocurrency was seized from two Binance accounts in Jan. 2024. Investigators began tracing the funds after a Massachusetts resident became the victim of a “pig butchering” romance scam. The United States Attorney’s Office in Massachusetts filed a civil forfeiture action on Wednesday aimed at returning $2.3 million in cryptocurrency to 37 victims of online scams and fraud. The cryptocurrencies – which includes nearly 300,000 (USDC), 1.5 million (USDT), 102,000 (TRX), 3,000 (SOL), and 14,000 (ADA) – were…

Bitcoin, the world’s largest cryptocurrency, fell sharply after reaching its all-time high of $69,000 yesterday evening and fell to $59,000 in about 5 hours. While this decline and the subsequent rises caused the liquidation of more than $ 1 billion in leveraged positions, CryptoQuant analyst said that the selling pressure in Bitcoin was probably due to profits being made at historically high levels and miners disposing of some of their BTC assets. While BTC has recovered again and risen to $ 67,000, some analysts expect the correction to continue and some expect the rise to continue. Commenting bullishly on BTC,…

Ethereum price cleared the $4,000 resistance zone. ETH is now consolidating gains and might extend its increase above the $4,100 zone. Ethereum traded to a new multi-month high above $4,050. The price is trading above $4,000 and the 100-hourly Simple Moving Average. There is a short-term breakout pattern forming with resistance at $4,060 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $4,080 resistance zone. Ethereum Price Reclaims $4K Ethereum price remained well-bid above the $3,880 level and extended its increase, like Bitcoin. ETH was able to clear the…

Modular blockchain Eclipse has secured $50 million in a Series A funding round led by Placeholder and Hack VC, bringing its total funding to $65 million. Other investors including Polychain Capital, Delphi Digital, Maven 11, DBA and Fenbushi Capital also participated in the round. Blockchain modularity refers to the different design layers of a blockchain stack. These include execution, settlement, consensus and data availability. Read more: A spicy salvo launched in the monolithic vs modular debate For blockchains like Bitcoin, Ethereum and Solana, this activity is carried out by the same set of nodes. Modular blockchains, on the other hand,…