Author: NBTC

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.

Bitcoin Hashrate Hits New All-Time Amid Spot ETF Frenzy

BitcoinJan 14

Bitcoin’s hash rate, that is the network’s computing power, recently reached a new all-time high amidst the frenzy that came with the debut of spot Bitcoin ETFs in the US. According to data from IntoTheBlock, the Bitcoin hashrate reached an all-time high of 630.91 million TH/s or 630 EH/s on January 11, less than 24 hours after the U.S. Securities and Exchange Commission approved 11 Spot Bitcoin ETFs in the country. Bitcoin’s hash rate hit a new all-time high yesterday 🔗https://t.co/bkdHCcEXFk pic.twitter.com/Mn3GxyDp6d — IntoTheBlock (@intotheblock) January 12, 2024 Bitcoin Hashrate Reaches Record Highs The hashrate measures the total combined computational…

Spot Bitcoin ETFs Record Over $800 Million In Net Inflows in Debut Week

BitcoinJan 14

On Wednesday, January 10, the US Securities and Exchange Commission (SEC) finally approved the launch of spot Bitcoin ETFs, representing a remarkable event in US trading history. So far, market data on these investment funds have confirmed theories of increased institutional demand for Bitcoin, with over $800 million in total net inflows and $3.6 billion in trading volume recorded across the first two days of trading. Although these inflows are yet to be reflected in BTC’s price, as the premier cryptocurrency dipped by 2% in the last week, the spot Bitcoin ETFs have certainly kicked off with a blast which…

Bitcoin To $34,000? Analyst Predicts Next Move For BTC With This Chart Pattern

BitcoinJan 14

Bitcoin had a surprisingly underwhelming price performance over the past week despite the United States Securities and Exchange Commission (SEC) approving the trading of spot BTC ETFs. The price of the flagship cryptocurrency almost broke into $49,000 at the peak of this positive news but has since retraced back below $43,000. Ali Martinez, a popular crypto analyst on the X platform, has offered insight into the current market climate of Bitcoin, highlighting that the cryptocurrency’s price may face further downward pressure over the coming weeks. Analyst Forecasts 20% Price Drop For BTC In a recent post on X, the crypto…

Buy Low, Sell High? Bitcoin Wobbles As ETF Fever Cool Downs

BitcoinJan 14

In a week etched in crypto history, the long-awaited arrival of Bitcoin ETFs in the US sent shockwaves through the market. Yet, despite the monumental achievement, the king of crypto, Bitcoin, took a step back on Saturday, dipping 6% to end the week barely above $43,000. Many analysts predicted a “sell-the-news” scenario, where investors cashed in on profits built upon anticipation of the ETF approval. Others suggest a rotation into Ethereum, which surged 15% on the week and touched highs not seen since May 2022. Ethereum ETF Speculation: Shaping Crypto Narratives This speculation is fueled by expectations of imminent Ethereum…

The Bitcoin Price Could Drop To $37,000 Before The Halving

BitcoinJan 13

The price of Bitcoin has been on a massive bullish momentum since the approval and launch of Spot Bitcoin ETFs. However, a crypto analyst, Jason Pizzino, predicts a temporary halt in the growing trajectory, citing Bitcoin’s proximity to a crucial resistance point that could result in a significant price drop. Analyst Foresees Bitcoin Price Correction In a recent YouTube video published on Friday, January 12, Pizzino shared his insights into the current market conditions of Bitcoin, the world’s largest cryptocurrency. According to the analyst, the price of the top crypto is expected to drop by 20% to 22%, reaching possible…

ETF Dream Fades, Price Tumbles Under $42,000

BitcoinJan 13

In a dramatic turn of events, Bitcoin prices plummeted Friday, erasing almost 10% of its value and dashing hopes of a sustained rally fueled by the highly anticipated launch of spot Bitcoin ETFs. The cryptocurrency, which had surged to a two-year high of $49,000 just a day prior, retreated below $42,000 as investors digested the implications of the new financial instruments. Bitcoin’s Downturn: ETF Impact, Trust Sell-off, FTX Bankruptcy Analysts point to a confluence of factors behind the sudden downturn. Profit-taking by early adopters who cashed in on the ETF-induced surge is likely one major driver. With the news out…

Analyst Draws Crucial Support Levels For Ethereum (ETH) Post-ETF Surge

EthereumJan 13

According to data from CoinMarketCap, Ethereum (ETH) had dipped over 2% in the last 24 hours. This negative price movement comes after an initial price boost by the token which it gained by over 19% following news of the Bitcoin spot ETF approval in the US on Wednesday. Interestingly, popular crypto analyst Ali Martinez has offered more insight into ETH’s developing downtrend, highlighting the next possible support zones for crypto’s largest altcoin. Ethereum May Be Headed For $2,450 – Analyst In an X post on January 11, Martinez shared that the TD Sequential indicator presented a sell signal on the…

Analyst Predicts 100% Rise Against Bitcoin

EthereumJan 12

Crypto analyst Michaël Van De Poppe recently made a bullish prediction for the Ethereum price against Bitcoin in the near future, noting the path for this to happen. According to a social media post by the analyst, price action on the ETH/BTC pair for the next months will center around spot Bitcoin ETFs, with a rotation into ETH also in the prediction. Analyst’s Prediction of 100% Ethereum Price Rise Against Bitcoin Michaël Van De Poppe recently took to X to share a chart of Ethereum’s price performance against Bitcoin (ETH/BTC pair) on the weekly timeframe. Price action on the chart…

Vanguard refuses to offer Spot Bitcoin ETFs

BitcoinJan 12

Vanguard declines to offer spot Bitcoin exchange-traded funds (ETFs), arguing that high volatility is detrimental to long-term returns. Spot Bitcoin ETFs were unavailable for purchase by Vanguard brokerage account holders on their first day of trading in the United States. A representative from the firm stated that doing so would be premature due to the extreme volatility of the cryptocurrency market. A customer service representative from Vanguard stated that Bitcoin ETFs could not be added to the platform due to the fact that they were extremely uncertain, unsupervised, and did not align with the company’s investment strategy for the long…

Crypto Analyst Unveils Bullish End Of Year Predictions For Ethereum

EthereumJan 12

Crypto Expert Anthony Sassano has provided a bullish narrative for the Ethereum ecosystem. Based on this, he believes that Ethereum could hit a new all-time high (ATH) this year. The analyst also went as far as predicting what price level ETH could hit in particular. ETH Could Rise To As High As $10,000 This Year Sassano stated that ETH could hit $10,000 if the Ethereum Spot ETF hype were to get “ahead of itself.” These ETFs are believed to be next in line for an approval order by the Securities and Exchange Commission (SEC). That could explain why the crypto…