Crypto veteran Arthur Hayes thinks upcoming Chinese monetary policy will boost the price of Bitcoin (BTC). Hayes notes in a new analysis that BTC’s price “will soar” as long as fiat money is printed, regardless of who the recipient is. “The rhetoric right now from financial analysts is that the announced Chinese stimulus measures are The post Arthur Hayes Says New Chinese ‘Monetary Chemo’ Will Send Bitcoin Soaring – Here’s His Outlook appeared first on The Daily Hodl .
COINOTAG reported on October 30 that, according to SoSoValue data, the total net asset value of Bitcoin spot ETFs reached a significant US$72.545 billion. This milestone is noteworthy as the
BlackRock’s Bitcoin ETF hits $3.36 billion in trading volume, marking a six-month high as institutional interest in Bitcoin surges.
Tesla’s Elon Musk and other Trump allies are acknowledging what economists have been saying about Donald Trump’s economic plans: his tariffs will make things expensive for consumers. Musk, a strong Trump supporter, agreed with an X post warning that Trump’s proposed tariffs could lead to a “severe overreaction in the economy” and cause “markets to
Ethereum’s staking yields are significantly lower than other Layer-1 protocols. Validator demand for Ethereum has decreased due to reduced incentives. Continue Reading: Ethereum Staking Yields Fall Behind Other Layer-1 Protocols The post Ethereum Staking Yields Fall Behind Other Layer-1 Protocols appeared first on COINTURK NEWS .
US spot Bitcoin ETFs reported a massive net inflow of $870 million on Tuesday, the largest inflow since early June. Continue Reading: BlackRock Wind in US Spot Bitcoin ETFs! Giant Company Recorded Entry! Here Are the Details
Sei Network’s DeFi integration has fueled its latest price surge, with technicals hinting at sustained growth.
Despite macroeconomic headwinds, Bitcoin (BTC) looks primed to create a new all-time high (ATH), charged by positive Q4 2024 seasonality. Bitcoin New ATH On The Horizon? On October 28, BTC surged past $71,000, sparking optimism for a new ATH above the $73,737 peak recorded in March this year. Although BTC has crossed the $70,000 threshold
On-chain data shows that Cardano’s Network Value to Transactions (NVT) Ratio has surged recently. Here’s what this could imply for ADA’s price. Cardano NVT Ratio Has Surged To Its Highest Level Since June In a new post on X, the market intelligence platform IntoTheBlock discusses the latest trend in Cardano’s NVT Ratio. The “NVT Ratio” here refers to an on-chain indicator that keeps track of the ratio between the ADA market cap and transaction volume. When the value of this metric is high, it means the value of the network is high compared to its ability to transact coins. Generally, this can signal that the coin’s price is overvalued. Related Reading: Ethereum Bullish Signal: Whales Withdraw $750 Million In ETH From Exchanges On the other hand, the low indicator implies the market cap may be undervalued compared to the blockchain’s volume, so ADA’s price could be due to a rebound. Now, here is a chart that shows the trend in the Cardano NVT Ratio over the last few months: As is visible in the above graph, the Cardano NVT Ratio has witnessed a notable surge recently, even though the coin’s price has been following an overall bearish trajectory. This would suggest that the transaction volume has tanked on the network. Following this latest increase, the indicator has spiked to the highest level since June, implying that the cryptocurrency hasn’t been this overvalued in six months. The reason behind this trend is likely to be the lackluster price action the coin has witnessed for a while now. Other assets, such as Bitcoin, have started to pop off recently. At the same time, ADA has remained a sideways movement, so ADA investors may be fed up and leave to explore greener pastures. Related Reading: “Time To Get Ready For Another Bull Run,” Bitcoin Analyst Says— Here’s Why “Historically, elevated NVT ratios often precede price pullbacks,” notes the analytics firm. Thus, the recent spike in the indicator could spell further trouble for the already struggling coin. The Cardano NVT Ratio could now be to keep an eye on in the coming days, as any more jumps in the metric may confirm a bearish outcome. However, there is also the possibility that the trend will see a reversal, with enough activity returning on the network to justify its current market cap. ADA Price The cryptocurrency sector as a whole has been rising during the past day, and Cardano has followed suit. Although the coin’s surge has been smaller than Bitcoin’s, the asset has climbed above the $0.348 level. The chart below shows the coin’s recent trajectory. Featured image from Shutterstock.com, IntoTheBlock.com, chart from TradingView.com
Project Galaxy is defined as one of the leading Web3 credential data networks. Built on an open and collaborative infrastructure, Project Galaxy helps Web3 developers and projects leverage digital identity data and NFTs to build better products and communities. Continue Reading: How to Buy Project Galaxy (GAL)? The post How to Buy Project Galaxy (GAL)? appeared first on COINTURK NEWS .