Author: NBTC

First-day buyers of spot bitcoin ETFs have been left holding the bag over the last month. But no longer. Anyone who bought and held shares in any of the spot bitcoin ETFs before today would be in the green. Bitcoin spiked to $48,000 as the ETFs opened trade on Jan. 11 — two year highs — before retracting more than 20% over the following two weeks. Now, on the first day of their second month of trade, bitcoin (BTC) threatens to blast past $50,000 and is up 13% year to date. That’s one way to buy the dip Read more:…

As the new bull market is gaining traction, Netflix alum and seasoned crypto VC Vance Spencer indicates a number of milestones the blockchain segment could reach in the coming two years. While his forecast sounds optimistic, he also recommends being prepared for a “roller coaster.” Ethereum ETF could be next, Vance Spencer opined The fourth Bitcoin (BTC) halving, Ethereum ETF approval and growing institutional adoption of digital assets are “next” for us in 2024, Spencer shared with his 85,000 followers on X. In general, the crypto journey at this stage should be treated as a marathon, not a sprint. Someone…

Centibillionaire Elon Musk, boss of X and Tesla, among other innovative companies, has taken to the X app to make a major announcement about SpaceX. The tweet intrigued the community and some began asking Musk about details. However, crypto lovers also asked Musk about his plans to take Dogecoin into space. Intriguing SpaceX announcement from Musk, DOGE question arises Musk tweeted that in 2024, spacemen will fly “the furthest they have ever been from Earth” over the past 50 years in the Dragon spaceship created by SpaceX. He also specified that Starship will be able to reach the Moon in…

Last week, Bitcoin recorded a significant increase of 13.25%, rising from $42,970 to $48,663. Currently, Bitcoin continues its rise and has crossed the $50,000 mark. Edward Snowden Prefers Bitcoin Chart Over Super Bowl While the United States is focused on Super Bowl LVIII, prominent dissident former intelligence officer Edward Snowden has drawn attention to Bitcoin. Snowden shared on Twitter that he was more interested in the Bitcoin chart than the highly-watched Super Bowl. everybody watching the #SuperBowl and here i am watching the bitcoin chart — Edward Snowden (@Snowden) February 12, 2024 Various factors were effective in Bitcoin rising above…

Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $80 billion mark, and since that point, it has expanded by an additional $11.66 billion. As it hovers above the $91 billion threshold, the TVL is approaching the $100 billion milestone, a figure not observed since before the collapse of Terra’s stablecoin. Over 29 Protocols Exceed $1 Billion in Value Amid Defi Sector Expansion Data reveals the decentralized finance (defi) landscape has seen significant growth since the beginning of the year. As of March 2024, the combined market value of all defi tokens stands at…

According to investment bank TD Cowen, the US Securities and Exchange Commission (SEC) is unlikely to approve spot Ethereum ETFs in the near future. The bank’s Washington Research Group, led by Jaret Seiberg, noted in a recent note that the SEC will likely want to gain experience from Bitcoin ETPs before approving an Ethereum or other crypto token ETP. The initial deadline for approval of such funds is in May, but TD Cowen suggests approval may not come until after the 2024 US presidential election. The SEC’s approval of spot Bitcoin ETFs earlier this week comes more than a decade…

Bank of America CEO Brian Moynihan recently shared his views on the current state of the economy, consumer behavior and the bank’s perspective on potential Fed rate cuts. In an interview, Moynihan touched on various economic indicators and their impact on Bank of America’s strategy. Moynihan highlighted the bank’s comprehensive individual activities, emphasizing that they closely monitor the financial transactions of 66 million consumers. According to the CEO’s data, over the past 12 months, consumer spending growth has decreased from 10% to approximately 4.5-5%, indicating a more stable economic environment. While this slowdown is seen as positive in terms of…

In an astounding development, the metaverse platform Victoria VR announced the launch of CQB Arena, a virtual reality-based multi-level gun battle simulation and training arena. Following the launch, Victoria VR’s VR token soared by more than 60%, reaching above $0.05. On February 9, Victoria VR shared an X post, declaring the availability of CQB Arena on Victoria VR. While the platform anticipates hosting a competition shortly, Victoria VR urged its community to start training “to gain the upper hand.” The time has come! 🚀🔥We are excited to announce that the CQB Arena is now available here:➡️ App Lab: https://t.co/BLL2ypEwcg➡️ SideQuest:…

On February 12th, the Bitcoin price finally hit the $50,000 barrier for the first time in two years, marking a significant milestone with a 3.8% increase within the day. This surge pushed Bitcoin past the previous resistance level of $49,000, effectively reversing the losses triggered by the introduction of a spot BTC ETF. Is this recovery on track to surpass BTC’s historical peak of $68,789? Also Read: Breaking: Bitcoin Leads With $1.09 Bln Inflow Amid Bullish Outlook On ETH & ADA Is Bitcoin Price Recovery Sustainable? Bitcoin Price| Tradingview Following the launch of Spot Bitcoin ETFs on January 11th, BTC’s…

Prominent analytics firm IntoTheBlock says that traders are operating under the assumption that Ethereum (ETH) will be the next crypto asset to get a spot market exchange-traded fund (ETF). In a new analysis, IntoTheBlock’s Lucas Outumuro says that Ethereum has significantly outperformed Bitcoin in the last few days following the “fake” approval of spot-based BTC ETFs. On Tuesday, a bad actor compromised the X account of the U.S. Securities and Exchange Commission (SEC) and made a false post saying the regulator had approved a spot market Bitcoin ETF. According to the firm’s head of research, Ethereum’s abrupt rise is a…