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Author: 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.

A Deep Dive into the 'Euphoria Zone'

In the latest edition of “The Week Onchain Newsletter,” Glassnode’s lead on-chain analyst, known as “Checkmate,” brings to light Bitcoin’s exhilarating journey to new all-time highs, surpassing $72,300 for the first time. This event, as highlighted by Glassnode, isn’t merely about surpassing price levels; it represents a shift into what’s termed the “Euphoria Zone.” This phase, according to Glassnode, signifies a pivotal moment in investor sentiment and market dynamics, traditionally marked by a notable shift in behavior among Bitcoin investors. Glassnode points out that alongside Bitcoin’s price, the Realized Cap—a measure reflecting the total value stored in Bitcoin—has also reached…

Bitcoin

Bitcoin Runes Launch on Magic Eden in Attempt to 'Streamline' BTC Token Trading

Just days after the launch of Bitcoin’s buzzy Runes fungible token standard, leading cross-chain NFT marketplace Magic Eden has launched its promised Runes platform, aiming to ease some of the early headaches that traders have encountered around the tokens. As enthusiasts grapple with the complexities of new technology, some traders have griped about the frustrations of the bumpy minting and trading experience around Runes. Whether it's running a node, minting via Xverse on Luminex, or trading on Unisat, the steep learning curve is evident. Monday's launch of Magic Eden’s Runes platform, in beta, is the latest chapter in the company’s…

NFT

XRP Skyrockets Over 80% in Key Metric as Price Attempts Rebound

During a broader crypto market correction, XRP, the digital asset closely associated with Ripple Labs, has displayed notable resilience and positive momentum. Despite recent struggles in its price performance, XRP is showing early signs of a potential rebound, supported by several bullish indicators that suggest renewed interest and buying pressure on the market. One of the most compelling bullish signals for XRP is the dramatic increase in trading volume. According to CoinGlass data, the trading volume for XRP has surged by an impressive 87.55% in the last 24 hours, reaching a total volume of $2.67 billion. This surge in trading…

Altcoins

When Will the Peak of the Bull in Bitcoin Be Seen? Analyst Gave Date

Famous cryptocurrency analyst Rekt Capital shared his views on the future of Bitcoin, which recently broke the all-time high price level record once again. According to Rekt Capital, Bitcoin tends to reach its “Bull Market Top” between 266 and 315 days after surpassing the previous All Time High Price (ATH). Considering that Bitcoin broke its former ATH today, the next Bull Market Peak is predicted to occur between the end of November 2024 and the end of January 2025. But this cycle may not be as fast as it seems. The analyst points out that the number of days Bitcoin…

Bitcoin

Shiba Inu Partner Announces Date and Roadmap of Its Launch on Shibarium

Shiba Inu ecosystem partner, K9 Finance, highlights three key phases for the launch of its liquid staking platform on Shibarium. In an interesting development, Shiba Inu’s community-oriented SHIB Magazine recently shed light on K9 Finance DAO’s roadmap to enhance Shibarium’s decentralized finance (DeFi) landscape. K9 Finance Details 3 Steps of Its Launch According to the journal, the highly anticipated mainnet launch of K9 Finance’s decentralized application (dApp) will occur in three phases this year. The first stage, called “Hesper,” will be deployed in late Q2 2024. Hester is the foundational stage and beta version of K9’s dApp. The K9 ecosystem…

Altcoins

Bitcoin Price Holds Above $70,000 Level Following Violent $4,500 Price Swing – Where Next for BTC?

The Bitcoin (BTC) price saw wild trading conditions on Tuesday, briefly hitting new all-time highs above $73,000 shortly after the release of hotter-than-expected US inflation data, before suddenly dropping into the $68,000s. BTC has since recovered over 3.5% from earlier session lows to $71,000, with its violent $4,500 price swing having wiped out positions held by leverage trader worth over $100 million, as per coinglass.com. The Bitcoin price’s strong rebound from sub-$70,000 intra-day lows will embolden the bulls, who remain very much in control. Bitcoin is up 12.7% in seven days and 42% in the past 30 days, as per…

Bitcoin

Solv Protocol introduces a reward system and reveals airdrop plans

Solv Protocol, a yield platform known for tokenizing and consolidating yields from diverse sources, announced its new reward point system scheduled for launch on April 5. The system aims to incentivize users who invest in Solv vaults such as SolvBTC, the platform’s native yield solution tailored for Bitcoin (BTC) traders. The Solv rewards system Solv’s point system signals a shift to a new, dynamic approach to rewarding users based on their investment activities. By staking in Solv vaults, users can accumulate points proportional to their staked amounts. These points can be redeemed for future Solv airdrops, fostering increased engagement and…

Altcoins

Bitcoin Price Faces Big Move – Can Bulls Send BTC To $75K?

Bitcoin price is holding gains above the $70,000 resistance. BTC is now showing positive signs and might aim for a move above the $73,000 level. Bitcoin price extended its increase and tested the $73,000 zone. The price is trading above $71,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $71,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $72,850 and $73,000 resistance levels. Bitcoin Price Sets New ATH Bitcoin price remained stable above the $70,000…

Bitcoin

Experts worry Ethena's Bitcoin-backing strategy for USDe could bring 'contagion risks'

CryptoQuant CEO Ki Young Ju has voiced concerns about Ethena’s recent decision to incorporate Bitcoin as a backing asset for its USDe synthetic dollar. On April 4, Ethena Labs revealed plans to onboard BTC as a backing asset for USDe to create a safer product for its users. The firm said: “After the unprecedented growth or USDe since launch, Ethena hedges represent ~20% of ETH open interest as of today. With $25 billion of BTC open interest readily available for Ethena to delta hedge, the capacity for USDe to scale has increased >2.5x.” USDe is a fast-rising “stablecoin” that has…

Altcoins

Unbanked Bitcoin Users In Peru Are Changing Their Communities

From the Andes to the Amazon, unbanked communities in Peru are using bitcoin, and it’s having a notably positive effect on them. “The work we’re doing in the communities with circular bitcoin economies is bringing results,” Franco Granja, a team member at the Peruvian nonprofit initiative Motiv, told me in an interview. “The results don’t come in a day or two, but in the three or four years we’ve been working with bitcoin, people have come to understand its value. They’ve begun to think about saving for their children or buying a house or car.” Granja, a 27-year-old native Peruvian,…

Bitcoin