Author: NBTC

The practice of airdrops in the crypto world has now become an integral part of the financial system of digital currencies, with more and more projects ready to release their own token through this incentivization system. After an excellent 2023 for this market niche with the airdrops of Arbitrum, Blur, Celestia, and Jito dominating the scene, the year 2024 also starts with a bang. The launch of the DYM crypto, which was only inaugurated a few days ago, represents the beginning of a year that promises strong growth for the airdrop ecosystem. Let’s see all the details below. The crypto…

Analytics firm Glassnode says that an on-chain metric for Bitcoin (BTC) that has historically signaled the early stages of a bull market is showing up on the radar. According to Glassnode, Bitcoin’s long-term holder MVRV (LTH-MVRV), which tracks the behavior of long-term BTC investors, has entered “high-risk” territory. The analytics firm shares a chart that suggests BTC tends to witness a significant market expansion when the LTH-MVRV signal hovers above the high-risk area. “After the challenging recovery since the FTX collapse, this indicator has advanced to 2.06, entering the high-risk regime. These levels are typically seen during the early stages…

Today’s trading session commenced with ethereum oscillating between $2,480 and $2,532 in the past hour, enclosed within a daily range of $2,472 to $2,544. This restricted range hints at a brief stabilization period after a spell of recent market swings. Ethereum maintains a strong market capitalization of $305 billion and a noteworthy trade volume of $18.11 billion, reflecting its considerable market influence, especially after the recent endorsement of 11 spot bitcoin exchange-traded funds. Ethereum Monday’s technical indicators offer a multifaceted perspective. The relative strength index (RSI) at 60.6 leans toward a neutral to bullish outlook. In a similar vein, the…

Florida Senator Marco Rubio just issued a warning about the growing global economic alliance known as BRICS. In a new article on RealClearWorld, the Republican senator says the recent expansion of BRICS poses a threat to the SWIFT payment system and America’s ability to weaponize the dollar to sanction people and nations. “As of New Year’s Day, Saudi Arabia, the United Arab Emirates, Ethiopia, Egypt, and Iran – the greatest danger to U.S. personnel in the Middle East and the greatest sponsor of international terrorism – have swelled BRICS’s ranks. This doubles the trade group’s size, enhancing its attractiveness as…

Solana is gaining market share in all key blockchain industries like Decentralized Exchanges (DEX), gaming, and Decentralized Public Infrastructure (DePIN). In this case, it has become the biggest layer 1 competitor to Ethereum, which has long dominated these industries. Orca and Jupiter’s market share Jupiter and Orca, the two biggest decentralized exchanges in Solana, have moved into the top ten in terms of volume. According to CoinGecko, Jupiter handled over $353 million in volume in the past 24 hours, making it the second one after Ethereum’s Uniswap V2. Its monthly site visits have jumped to over 6.6 million, meaning that…

Bitcoin price extended its rally above the $48,800 resistance. BTC tested $50,000 and is currently showing signs of a downside correction. Bitcoin price climbed higher above the $48,500 and $48,800 resistance levels. The price is trading above $48,800 and the 100 hourly Simple moving average. There is a short-term rising channel forming with support at $49,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a downside correction below the $49,750 and $49,500 levels. Bitcoin Price Jumps 5% Bitcoin price remained in a positive zone above the $48,000 resistance zone. BTC extended its…

A closely followed crypto analyst says Ethereum (ETH) is setting up for a sizeable rally after successfully completing a long consolidation phase. The pseudonymous crypto analyst known as Pentoshi tells his 742,000 followers on the social media platform X that he believes Ethereum is on its way to the $3,500 range, the upper level of a range he sees ETH trading in. “ETH. Went to the mid-range of the new range we are in. Year-long consolidation into mid. Expect the higher range sometime Q1 early Q2.” Source: Pentoshi/X At time of writing, ETH is trading for $2,511. Pentoshi is also…

Corporate bankruptcies in the United States hit a 13-year high last year as companies struggled to stay afloat amid high interest rates and rising labor costs. New data from market intelligence firm S&P Global shows 2023 saw a total of 642 bankruptcy filings – the highest level since 2010 when there were 827 bankruptcy filings. Source: S&P Global According to S&P Global, California recorded the most filings across the country with 95 firms seeking bankruptcy protection in 2023, followed by Texas with 75 and Florida with 68. New York witnessed 58 filings last year while New Jersey documented 31. Other…

The XRP community has been engulfed in a heated debate over the future of Ripple-affiliated digital currency, which has experienced its fair share of ups and downs. The controversy was sparked by a sensationalist post from a crypto analyst, who labeled XRP as a “scam” and declared it “dead” due to its underperformance compared to other altcoins. Despite the fear, uncertainty and doubt (FUD) surrounding the coin, the XRP community remains optimistic, with the analyst himself suggesting that XRP could yet see better days, though not everyone will survive the tumultuous market. Rising FUD and community sentiment Nick (@NCashOfficial), a…

Bitcoin has officially entered phase 3 of its bull run. The breakout above 48k marks the start of the golden bull era. An all-time high for Bitcoin is anticipated as imminent. The Bitcoin market is witnessing a significant milestone, as it officially enters the third phase of its bull run, an event eagerly anticipated by investors and enthusiasts alike. This new phase, often referred to as the “golden bull,” has been kickstarted by a decisive breakout above the 48k mark, setting the stage for potentially unprecedented growth in the cryptocurrency’s value. #Bitcoin golden bull started We enter phase 3 of…