NFT News by Thebittimes.Com

Bitcoin is struggling to sustain above $38,000, but the bulls have not given up much ground, which some analysts say increases the chance of a rally to $40,000. Bitcoin (BTC) is trying to sustain above the overhead resistance of $38,000 for the second consecutive day and start the next leg of the uptrend. The excitement among market observers may have increased after the United States Securities and Exchange Commission (SEC) delayed its decision on the applications of Franklin Templeton and Hashdex exchange-traded funds. Bloomberg ETF analyst James Seyffart speculated in a X (formerly Twitter) post that the SEC may have taken this step “to line every applicant up for potential approval by the Jan. 10, 2024 deadline.” While many analysts believe that the ETF listing will be a watershed moment for Bitcoin, Genesis Trading head of derivatives Joshua Lim cautioned in a X post that traditional finance investors have already bought the rumor and may exit the trade close to the ETF announcem...

Also Read: XRP Was Marked For Death, Says Bitcoin Maxi; XRP Lawyer, Ripple CTO Replies advertisement Cardano Founder, Vitalik And Ripple Charles Hoskinson in a tweet questioned why people are claiming that he worked as an intern at Ripple. Cardano founder clarified that he never worked for the blockchain firm in any capacity in the past. However, he did mention Ethereum founder, Vitalik Buterin in the comment. He highlighted that people are confusing him with the ETH founder. However, reports suggest that Vitalik Buterin had confessed that he tried to be an intern at Ripple back in 2013. He also wrote an article praising Ripple in the same year. ETH founder stated that Ripple accomplished an impressive feat as now they have a way of sending, receiving and holding any currency in a decentralized way. Read More XRP News Here… Truce With XRP? Hoskinson had a kind of beef with the XRP community over its long running legal battle with SEC over its ...

Back in September 2021, the Alonzo upgrade opened the doors for smart contracts on Cardano . At that time, the community was quite excited about NFTs being introduced on the platform. During the initial days, people did try to test out the roll-out. However, it failed to gain much traction, as users were still reliant on other blockchains like Ethereum, Solana , and Polygon to trade their jpeg collectibles. Nevertheless, Cardano currently stands in a much better position. Even though the aforementioned networks retain the top positions along with ImmutableX and BNB Chain, Cardano has been able to manage to rise above Arbitrum, Flow, Ronin, Avalanche, Fantom, Algorand, Cronos, and Tezos by settling more volume via sales in the past 30 days. While the gap between Ethereum, Solana , and Polygon’s numbers seemed to be quite wide for Cardano at press time, it was merely a couple of million off of BNB Chain’s figure. The same is tabulated below. Source: CryptoSlam Also Read: Eth...

The crypto market corrected on news of the CFTC suing Binance and its CEO Changpeng Zhao, but technical charts reveal a silver lining. The news and events related to the banking crisis in the United States and Europe have led to a rotation of funds into investments considered less risky. According to the Financial Times, the U.S. money market funds in March witnessed an inflow of $286 billion.  Along with money market funds, a portion of the money may also have seeped into the crypto industry. The increased demand could be one of the reasons for Bitcoin’s (BTC) strong performance in March. The big question in crypto investors’ minds is whether the recovery will continue or if it is time to book profits in Bitcoin. Daily cryptocurrency market performance. Source: Coin360 Bitcoin hodlers seem to be confident in the long-term story and are not getting lured into selling their holdings after the recent rally. According to Glassnode data, the percent of Bitcoin supply that has remained do...

The February U.S. jobs report was a mixed bag, which seems to have provoked interest from a few bulls in BTC and altcoins. Bitcoin (BTC) led a sharp sell-off in the cryptocurrency Markets on March 9 as the woes at Silvergate Bank and Silicon Valley Bank dented investor sentiment.  In addition, crypto-specific news of a suit filed by New York Attorney General Letitia James against Cryptocurrency Exchange KuCoin for selling securities and commodities without registration increased uncertainty about the future of crypto sector regulation. The selling momentum continued on March 10 and pulled Bitcoin below the $20,000 mark. Several other cryptocurrencies have also broken below their important support levels. Daily cryptocurrency market performance. Source: Coin360 But a minor positive in favor of the bulls is that February’s jobs report was a mixed bag. Although nonfarm payrolls rose 311,000 for the month, above estimates of an increase of 225,000, the average earnings rose less than ant...