Author: NBTC

A key group of offshore bondholders of China Evergrande plans to join a lawsuit seeking to liquidate the company at a hearing in a Hong Kong court on Monday, according to a report from Reuters. The bondholder group, which owns more than $2 billion in offshore bonds guaranteed by Evergrande, is supporting a liquidation petition against the world’s most indebted construction company. Sector lawyers said that this move increases the possibility of a quick liquidation decision from the court. If a liquidation order is issued, an interim liquidator will be appointed, followed by an official liquidator, to take control and…

In a blazing start to March, the feverish activity of Bitcoin has set it up for its largest monthly increase in almost three years early Thursday. Money pouring into listed bitcoin funds is fueling a huge gain, and bitcoin is now just a stone’s throw away from a record high. Source: Coingecko Investor Frenzy As Bitcoin Set To Reclaim $64K The primary cryptocurrency rose as much as 14% late Wednesday to momentarily reach $64,000 — its first move above $60,000 since November 2021 — before reversing part of the gains. BTC was trading at $62,540 as of this writing, according…

Bitcoin’s price trajectory on Feb. 14, 2024, showcases a robust bullish trend, with the cryptocurrency reaching a 24-hour high of $51,814. Amidst a consolidating market, the digital asset has seen significant growth, marking a 3% increase today, and 21% over the past month. Bitcoin Bitcoin (BTC) has demonstrated remarkable resilience and growth, with its price stabilizing around $51,585 after touching intraday highs. The market’s bullish sentiment is further reinforced by bitcoin’s market capitalization reaching the $1 trillion milestone, signaling strong investor confidence and a potential shift in market dynamics favoring further upside. The technical oscillators present a mixed yet predominantly…

Ethereum price is down 3% in the past 24 hours. Ethereum long-term holders surpass Bitcoin, raising liquidity concerns. Ethereum, the second largest cryptocurrency by market capitalization is now trapped under the bearish pressure. It had a 3% dip in the past 24 hours and 7.28% in the past seven days, currently trading at $2344. Despite this downfall in price, Ethereum’s long-term holders have now surpassed those of Bitcoin, marking a significant milestone. However, the surge in long-term holders also raises concerns about reduced liquidity and potential obstacles to short-term price performance. While this phenomenon is generally positive during the accumulation…

Source: Cryptonews.com A leading Russian economist has claimed that American sanctions will ultimately undermine the role of the US dollar in the global economy – and help the cross-border adoption of the digital ruble. Per News.ru, the comments came from Alexander Razuvaev, a member of the supervisory board of the Guild of Financial Analysts and Risk Managers. Razuvaev said that Washington’s “actions against Russia” in response to the war in Ukraine would “undermine global confidence in the American currency.” In its place, Russian trading partners could well turn to CBDCs as a dollar alternative, Razuvaev said. The economist said this…

In a significant development within the crypto market, a notable transfer of 250 million Dogecoin (DOGE), valued at approximately $20.67 million, has been observed today. The transaction, originating from prominent U.S. brokerage Robinhood and directed to an undisclosed wallet, has garnered attention within the digital currency community. Whale Alert, a platform tracking large crypto transactions, brought this transfer to light, prompting speculation regarding its implications. 🚨 150,000,000 #DOGE (12,404,079 USD) transferred from #Robinhood to unknown wallethttps://t.co/uhpUXARgIO — Whale Alert (@whale_alert) February 13, 2024 Although the exact intent behind the transfer remains speculative, one may assume potential involvement from institutional or…

Bitcoin hits $51k as bulls roar into life: Will BTC reach new ATH before halving? Bitcoin (BTC) price skyrocketed past the $51,000 level on Wednesday morning, recouping all losses suffered as the benchmark crypto mirrored stocks on Tuesday. The gains have seen the pioneer crypto reach a market capitalization of $1 trillion, a milestone last seen in December 2021. According to data from CoinGecko, the price of Bitcoin hovered around $51,500 early morning on February 14. The BTC/USD pair traded more than 2% up across major cryptocurrency exchanges, with prices on Coinbase having shot to an intraday high of $51,708…

Lookonchain, the smartmoney on-chain platform, has reported significant ETH transfers involving crypto whales and the embattled crypto lender Celsius. According to Lookonchain, Celsius appears to have continued with the recent practice of making significant deposits to centralized exchanges. Whales are accumulating $ETH today, with a total of 26,841 $ETH($64.5M).0x55C1 withdrew 7,779 $ETH($18.7M) from #Binance 2 hours ago.https://t.co/k5s2t0kKec0xDa17 and 0x278f (possibly the same person) withdrew 8,077 $ETH ($19.4M) from #Bitfinex.https://t.co/CyfU4ZMcV8… pic.twitter.com/YDJqpeTLTU — Lookonchain (@lookonchain) January 22, 2024 The smartmoney on-chain platform posted details of large ETH withdrawals from some top exchanges in the last 24 hours. It reported that a whale…

MAVIA, the native cryptocurrency of the free-to-play Web3 mobile game Heroes of Mavia, has made strong gains surging 30% in the last 24 hours and hitting a high of $8.59. At press time, the MAVIA price is up 12.78% currently trading at $7.76 with a market cap of $232 million. Interestingly, the MAVIA price is already trading at 170% gains since its inception on February 6. Whale Frenzy Drives MAVIA Price Rally On-chain analytics platform Spot-on-Chain reports that an Ethereum wallet identified as 0x82886ad5e67d5142d44ed1449c2e41b988bfc0ab recently made significant purchases of MAVIA tokens, totaling over 12,000 tokens valued at $100,000 USDC across…

Over the last few months, investor sentiment towards individual cryptocurrencies has favored Ethereum (ETH) over Bitcoin (BTC). However, the release of the first-ever spot exchange-traded funds (ETFs) for BTC has changed the balance of market forces, and now there is a much more bullish positioning towards the oldest cryptocurrency. This is especially true as its price has reached the highest levels in two years, exceeding $50,000. Spectrum Markets, a pan-European trading venue, released data showing diverging sentiment among retail investors regarding Bitcoin and Ethereum cryptocurrencies in January 2024. The company’s Spectrum European Retail Investor Index (SERIX) for Bitcoin rose to…