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.

Crypto Capital Inflows Reach One-Year High

BitcoinNov 6

Many had speculated that the rally in the crypto market was going to wane following the Spot Bitcoin ETF rumors fading out. That hasn’t been the case, though, and a recent revelation from a prominent crypto analyst suggests that the two largest cryptocurrencies by market cap, Bitcoin and Ethereum, could continue to see an upward trend. New Liquidity Coming Into The Market Could Boost Bitcoin, Ethereum In a post shared on his X (formerly Twitter) platform, Crypto analyst Ali Martinez revealed that the crypto market has seen close to $10.97 billion in positive capital inflows, which represents the highest level…

UK Financial Regulator Unveils Guidance for Crypto Firms on Digital Assets Marketing

RegulationNov 5

The Monetary Conduct Authority (FCA) of the UK is releasing new tips for crypto corporations on how one can correctly market digital property. In a brand new press launch, the regulatory company unveils its up to date guidelines for crypto corporations on what data they have to present when advertising and marketing crypto property. “Following a change in laws, crypto property promotions concentrating on UK shoppers now fall inside our remit. We now have launched guidelines which are designed to present folks a greater understanding of what they’re investing in, and the dangers concerned.” The FCA says that the objective…

Bitcoin Falls Under $35,000 But 88% Of Supply Remains Unmoved

BitcoinNov 4

A look into the Bitcoin price action shows a consolidation under the $35,000 support level has resumed, but the majority of holders are holding steady. Onchain data has revealed that the number of Bitcoin unmoved in a 3-month timeframe has reached a record high of 88.5%. The upside potential remains huge despite the ongoing consolidation, as the top crypto is still up by 26% since the beginning of October. BTC Price Drops Below $35,000 But Investor Sentiment Remains Bullish Bitcoin managed to push above $35,000 a few times this week, propelling millions of BTC wallets into profitability. The crypto has…

Bitcoin Price Plunge To $12,000 Is Not Foreseeable

BitcoinNov 4

The Bitcoin price performance was one of the brightest stories in the crypto market in the month of October. While some crypto analysts currently have bearish projections for the premier cryptocurrency, others have maintained a positive stance for BTC’s performance in November and beyond. A crypto analyst known by the pseudonym Mags on the X (formerly Twitter) platform recently offered an insight into Bitcoin’s price action, quelling bearish sentiments around the pioneer cryptocurrency. The Current Cycle Witnessed Its Own Black Swan Event Bitcoin enthusiasts and analysts have been closely monitoring the coin’s price movements, with some skeptics anticipating a significant…

Why This Fidelity Investments Director Believes Bitcoin Is ‘Exponential Gold’

BitcoinNov 4

The Director of Global Macro at Fidelity Investments, Jurrien Timmer, recently provided insights into the potential of the flagship cryptocurrency, Bitcoin, and went as far as labeling the crypto token as “exponential gold.” A Glance At Bitcoin’s Adoption Curve In a post released on his X (formerly Twitter) platform, Timmer mentioned that Bitcoin’s scarcity and adoption curve potentially allow it to be a “high-powered hedge against monetary shenanigans,” likely alluding to the fact that the token’s features make it a great option to hedge against inflation. That is why he sees the token as “exponential gold.” Source: X He further…

Crypto Pundit Says Expect A Repeat Of Massive 2019 Rally

EthereumNov 4

Partner at the Venture Capital firm Placeholder Capital and prominent figure in the crypto community, Chris Burniske, has given an instance where assets like Bitcoin and Ethereum could see a repeat of what happened in mid-2019. New Highs Before A “Final Wipeout” In a post shared on his X (formerly Twitter) platform, Burniske mentioned that a repeat of mid-2019 could happen if the top two cryptocurrencies, Bitcoin and Ethereum, were to “rip” from their current levels. If that happens, the crypto founder believes that the broader crypto market could follow suit. As to how these crypto tokens could go, he…

ETH Sent To Exchanges Climbs Above 500,000, Is Ethereum At $2,000 Still Possible?

EthereumNov 4

A massive amount of ETH has made its way to centralized exchanges, increasing the Ethereum balances of these exchanges. Given the implications of exchange inflows, it could be a barrier to the cryptocurrency when it comes to claiming the $2,000 resistance. Investors Send 13,000 ETH To Exchanges Data from IntoTheBlock shows a massive amount of ETH headed toward exchanges as the price rose. The total inflow volume as of October 31 when the price first cleared the $1,800 resistance was at 480,570. However, by the start of November, this number had blown up massively. November 1 saw the total ETH…

Bitcoin Price Rally Was Not ETF-Driven: QCP Reveals Reason

BitcoinNov 3

In their latest market update, QCP Capital, a crypto asset trading firm headquartered in Singapore, has dissected the recent Bitcoin price movements, attributing the rally to macroeconomic factors rather than the much-anticipated approval of a spot ETF. To recall, the Bitcoin surged from $34,500 to almost $36,000 on Wednesday. The Main Reason For The Bitcoin Price Rally The firm’s technical analysis highlighted that Bitcoin reached the 38.2% Fibonacci retracement level at $35,912 and touched the upper channel trendline before retreating, a move that was keenly observed by market participants. Bitcoin price | Source: QCP QCP Capital’s report states, “This latest…

Long-Term Bitcoin Metrics Reversing - 'Explosive Phase' Seen

BitcoinNov 3

Bitcoin (BTC) is currently experiencing a notable surge in its value, effectively propelling the entire cryptocurrency market upwards. The recent upswing has drawn the attention of various experts in the field, one of whom is the pseudonymous crypto strategist known as TechDev. In a recent post on the popular social media platform X, TechDev emphasized that Bitcoin, often referred to as the king of cryptocurrencies, is poised to enter an “explosive” phase, citing the reversal of the king crypto’s long-term metrics as evidence. According to TechDev, a specific signal occurs approximately every 3 to 3.5 years, indicating an impending period…

ProShares Goes Short On Ethereum With New ETF Launch

EthereumNov 3

ProShares, one of the biggest issuers of exchange-traded funds (ETFs), has added another Ethereum-related ETF to its growing offerings following the launch of the “world’s first Short Ether-Linked ETF” on November 2. ProShares Short Ethereum Strategy ETF In its announcement, the asset manager mentioned that the ProShares Short Ether Strategy ETF trading under the ticker ‘SETH’ will provide an avenue for investors to profit from declines in the price of the second largest cryptocurrency, Ether. With the launch of this Ethereum investment vehicle, the company believes that its clients have an opportunity to “profit both on days when Ether increases…