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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.

Mixed signals in first week, Long-term outlook bullish

Bitcoin

It has been a week since Bitcoin ETFs started trading in the US. The net inflow into the ETFs recorded till now is 572 million dollars. While the number is outstanding, it pales in comparison to the expected numbers. Traders and BTC enthusiasts forecast the inflow to be in the multiple billions. Even then, the ETFs pushed GBTC (Grayscale) to shed 2.74 billion dollars. Similarly, BITO (ProShares Bitcoin Futures) shed 91 million dollars. The movement has helped the ETFs take in 3.84 billion dollars. However, it is worth noting that 485 million dollars have already left the Canadian and European…

$35 Million Sell-Off Sends ETH Price Crashing

Ethereum

Celsius Networks, currently undergoing bankruptcy proceedings, has engaged in significant Ethereum transactions that are causing ripples within the digital currency landscape. In the past 10 hours, on-chain analysts at LookonChain detected noteworthy transfers, including a 13,000 ETH deposit ($30 million) on Coinbase and an additional 2,200 ETH ($5 million) on FalconX. These transactions suggest a proactive stance by Celsius in addressing its ongoing financial challenges. Celsius Sells $125M ETH, Maintains $1.3B Reserve According to Arkham Intelligence, Celsius sold more than $125 million worth of Ethereum (ETH) coins between January 8 and January 12. The primary goal of this auction is…

Bitcoin slides under $41k, Sparking debate on future trajectory

Bitcoin

Bitcoin prices were once at $65k, making BTC the most dominant token across the globe. While Bitcoin continues to dominate the sphere, the same cannot be said about its valuation. It did touch the mark of $48,000 on January 11; however, since then, it has lost almost $7,000 of weight on the board. BTC was last seen exchanging hands at $40,029.60, a slip of 2.15% in the last 24 hours. The community is now speculating if any further fall can come or if BTC will only rise in the times to come. One theory that has surfaced is that BTC…

Analyst Warns Of Steep Drop To $2,000

Ethereum

Since Ethereum (ETH) peaked at $2,717 in the last two weeks, the asset has experienced a gradual decline, culminating in its arrival at a key demand zone, which could be instrumental in determining its imminent price trajectory, according to a prominent crypto analyst. Critical Support Zone Flags Continuous Bearish Move Renowned crypto analyst Ali has pinpointed a critical demand zone for ETH, ranging between $2,388 and $2,460. The resilience of this support level could pave the way for an upward trajectory, offering Ethereum a much-needed respite from bearish pressures. However, should Ethereum falter, a bearish slide to the next major…

Ethereum Futures Market Cool Off Sets Stage For ETH To Rally: Quant

Ethereum

An analyst has explained that the latest cooldown in the Ethereum futures market could suggest there is potential for a price rise to resume for ETH. Ethereum Funding Rates Have Seen A Decline Recently An analyst in a CryptoQuant Quicktake post explained that the ETH funding rates have seen a cooldown from their previously overheated levels. The “funding rate” refers to the periodic fees that futures contract holders on derivative platforms currently exchange with each other. When the value of this metric is positive, it means that the long contract holders are paying a premium to the shorts to hold…

Analyst Predicts When Bitcoin Price Will Reach New ATH

Bitcoin

Bitcoin has been experiencing a downward trend recently, dropping from its 2023 all-time high of about $49,000 to below $41,000 at the time of writing. Despite this significant price correction, popular crypto analyst Kevin Svenson has predicted a new all-time high for BTC in the months after the 2024 Bitcoin halving. Bitcoin Anticipated To Hit New All-Time High Svenson released a YouTube video last week, predicting that BTC’S new all-time high is set for June 2024. Despite the hype surrounding the approval and launch of Spot Bitcoin ETFs, the crypto analyst revealed that Bitcoin has been witnessing significant declines and…

Analyst Foresees Bitcoin Downtrend Until GBTC Is Liquidated

Bitcoin

Chris J Terry, a cryptocurrency analyst and enthusiast, has revealed his insights on the price action of Bitcoin, predicting a continuous decline in the price of the crypto asset. Analyst Says Bitcoin Will Continue To Drop The crypto analyst shared his insights regarding Bitcoin with the cryptocurrency community on the social media platform X (formerly Twitter), anticipating a possible “continuation of a flat or declining trend.” He highlighted that the downtrend will continue until Grayscale Bitcoin Trust (GBTC) is fully “liquidated.” According to him, the liquidation will be possible with a whopping $25 billion worth of selling activity over the…

Near future of Bitcoin after ETF approval

Bitcoin

It was a historic moment when the US Securities and Exchange Commission approved 11 applications for the Bitcoin ETF. The community sang praises for estimates that the token will now inch closer to its ATH or at least continue surging every possible day. However, questions surround BTC, talking about the possibility of Bitcoin ever becoming a way for people to hold onto their values. This comes in the wake of price volatility that has not been resolved despite the approval of ETF applications. Not that it was posed since the beginning, considering every financial instrument or investment product is subjected…

Ethereum facing substantial challenges related to scalability

Ethereum

Ethereum is devoting its utmost endeavors to mitigating the scalability concern arising from its prohibitively high transaction fees, which have accumulated to $5. This represents a significant barrier to implementing decentralized applications in terms of increased adoption and overall efficacy. At the moment, Ethereum occupies the preeminent position among platforms supporting smart contracts. In contrast, Layer 2 services such as Optimism are increasingly emerging as the most apparent alternatives. It is offering significantly reduced transaction fees, occasionally as little as $0.01. The aforementioned solutions are designed to enhance the Ethereum network by implementing accelerated processing times and decreased transaction fees.…

Metacrime and the Need for a Metaverse Police Presence

Metaverse

The rise of digital actuality has caused many unbelievable developments in expertise, however it has additionally created a brand new set of challenges. One in every of these challenges is the emergence of metacrime, a class of crime distinctive to the metaverse. In response to emergence of metacrime, Interpol has proposed the institution of digital metaverse police stations. These digital actuality areas goal to offer providers akin to bodily police stations, equivalent to crime reporting, criticism filings, and internet hosting group conferences. Interpol’s Report highlights the pressing want for legislation enforcement businesses to determine a metaverse police presence. This transfer…