Author: NBTC

Bitcoin recovered some ground following an earlier drop in the week. Earlier, the largest crypto had traded at a high of $73,978 on the first day of June and fell to a low of $59,073 on June 5 as selling intensified. Bitcoin returned above $60,000 this week and trades at $63,790 at press time. Bitcoin’s rebound this week from below $60,000 has reignited a familiar Wall Street ritual: trying to call the bottom. Analysts point to a growing list of signals that have accompanied past market lows. At the same time, some argue the coin’s drop coincided with a broader…

As discussions about $XRP escrow balance reemerge on social media, $XRP community members have shared what they call a current snapshot of Ripple’s publicly verifiable $XRP escrow holdings. The update comes amid fresh conversations over Ripple’s escrow holdings, with many social media posts citing outdated or conflicting figures. X user “Saul” observed a lot of discussions about escrowed $XRP; however, he noted that the numbers are all over the place. He went ahead and shared a current snapshot of the escrow holdings at 32.4 billion $XRP. Hussein Zangana, the director of community at the $XRP Ledger Foundation, who goes by…

Nasdaq-listed cloud mining platform BitFuFu (FUFU) reported that it mined 112 Bitcoin ($BTC) during July, reflecting steady operational output amid a fluctuating market. However, the company’s total Bitcoin holdings declined for a second consecutive month, falling to 1,314 $BTC as of July 31, down 357 $BTC from the end of May. Understanding BitFuFu’s Production and Holdings The July mining figure aligns with BitFuFu’s recent production capacity, though the company has not released a detailed breakdown of its mining fleet or operational efficiency in the latest update. The reduction in holdings, from 1,671 $BTC at the end of May to 1,314…

Michael Saylor, executive chairman of Strategy, defended the company’s recent Bitcoin sale, saying the ability to sell the asset is necessary to continue issuing “digital credit.” Strategy disclosed its first reported Bitcoin sale since 2022 in a June 1 filing with the US Securities and Exchange Commission, offloading 32 $BTC in a move that appeared at odds with Saylor’s long-running “never sell your Bitcoin” mantra. In an interview with Cointelegraph at the $BTC Prague conference, Saylor said that Bitcoin treasury companies must retain the ability to sell holdings when necessary to support dividend-paying securities and other Bitcoin-backed credit products. “If…

$XRP has already dipped as low as $1.01 during the ongoing bear market pullback, reviving talk that the token could briefly slip below a dollar before this cycle’s downturn runs its course. A Familiar Pattern From the Last Cycle One analyst pointed to $XRP’s 2022 bear market as a reference point. $XRP bottomed near $0.28 in June 2022, then retested that same support level roughly half a dozen times through January 2023, including a final touch at $0.32 before the market turned. The current setup, the analyst argues, looks similar, just at a higher price range this cycle. Exchanges Keep…

Wall Street got to trade Bitcoin around the clock just in time to watch the market fall apart. CME Group launched 24/7 trading for its crypto futures and options on May 29, and over the first weekend, more than 7,200 contracts changed hands, worth roughly $50 million in notional value. Within days, Bitcoin had slid below $70,000 for the first time in two months, and the market had to absorb one of its sharpest deleveraging waves of the year, with almost $10 billion in long-futures liquidations over a single week. Could CME’s always-on market become the volatility equalizer Bitcoin has…

Cango (CANG), a Bitcoin mining company listed on the New York Stock Exchange, has confirmed it will execute a 10-for-1 reverse stock split of its common shares, effective at 9:00 p.m. UTC on July 20. The move, approved by shareholders during a special meeting on June 24, is designed to consolidate the company’s share structure and potentially increase its stock price per share. Details of the Reverse Stock Split Under the terms of the split, every 10 Class A shares will be combined into one Class A share, and every 10 Class B shares will be combined into one Class…

While the crypto market is discussing Shiba Inu’s ($SHIB) sudden daily price surge of nearly 40%, another record has been set inside the ecosystem itself — an abnormal deflationary wave. Over the past 24 hours, the meme coin’s burn rate posted a vertical spike of 5,223.98%, permanently destroying 401,219,021 tokens, according to SHIBBurn portal. Such aggressive pressure completely rewrote the weekly statistics, which had previously looked rather sleepy. Over the past seven days, the burn rate increased by 816.02%, removing 457,511,537 $SHIB from circulation. Decoding $SHIB’s 5,223% overnight burn rate spike Comparing these figures reveals some amusing math, as almost…

At the time of writing, bitcoin is trading at $63,440, reflecting a modest 2.9% gain over the past week. With BTC navigating a period of consolidation and Anthropic unveiling its new Mythos-based model Fable, we decided to consult Fable alongside several other leading artificial intelligence (AI) models to forecast bitcoin’s next potential price move. Key Takeaways: Five AI models placed bitcoin’s 2026 base case between $58,000 and $75,000 amid ongoing capitulation signals. Claude Fable 5 and ChatGPT 5.5 flagged a 13-day, ~$4B ETF outflow streak as the top near-term risk factor. Grok and Deepseek projected more aggressive recoveries above $100,000,…

ARK Invest has been buying Circle Internet Group stock with unusual intensity — and on July 9, the firm added another 217,896 shares of Circle (CRCL) worth approximately $13.7 million, even as the stock slid further from its post-IPO highs. At the same time, ARK sold off 85,319 shares of Robinhood Markets (HOOD), generating around $9.8 million in proceeds. The contrast is deliberate: selling into strength, buying into weakness, all in a single session. Key takeaways ARK Invest bought 217,896 Circle shares for ~$13.7 million on July 9, while selling 85,319 Robinhood shares for ~$9.8 million. ARK has now deployed…