El Salvador will soon see its first regulated tokenized US Treasury Bill (T-Bill) offering, providing access to this investment vehicle for individuals and organizations previously excluded. 

NexBridge Digital Financial Solutions, a licensed digital asset issuer in the country, has partnered with Bitfinex Securities to introduce this new product.

Bitfinex Securities Want to Raise $30 Million for the Tokenized T-Bill

The subscription period for the offering begins Tuesday and runs until November 29. Investors can use Tether’s stablecoin (USDT) to purchase tokens, with plans to accept bitcoin (BTC) in the future. 

After the subscription closes, the tokens will trade on Bitfinex Securities’ secondary market. It will be traded under the ticker USTBL. The value of these tokens will be tied to BlackRock’s short-term Treasury bond ETF. Bitfinex Securities aims to raise a minimum of $30 million through this initiative.

“By leveraging Bitcoin’s technology and infrastructure, we’re laying the foundation for a globally accessible financial ecosystem, bringing tokenized U.S. Treasuries to investors worldwide,” said Michele Crivelli, Founder of NexBridge in the press release.

Overall, the tokenization of real-world assets (RWAs) is expanding rapidly. Earlier this month, BNB Chain launched a tokenization portal for RWAs and private companies to simplify access for new Web3 users. 

Similarly, MANTRA debuted its mainnet, enabling on-chain RWA integration. This boosted the utility of its OM token, which surged over 200% in November, reaching a new all-time high.

El Salvador Continues to Benefit from Its Bitcoin Holdings

El Salvador continues to push forward with significant financial developments. The government recently launched its third dollar bond buyback. This effort targets over $2.5 billion in bonds, contingent on securing new financing. The decision came after BTC reached an all-time high post-election. 

Also, a second term for former US President Donald Trump can be potentially beneficial for President Nayib Bukele’s administration. It will potentially improve El Salvador’s chances of obtaining financial support from the International Monetary Fund (IMF).

Back in 2021, El Salvador gained international recognition when it became the first nation to adopt Bitcoin as legal tender. The country’s Bitcoin holdings are now valued at $515 million.

First Neiro on Ethereum (NEIRO) rebound could be on the cards, as observed by BeInCrypto, which highlighted a reduction in selling pressure. On November 12, NEIRO’s price surged to $0.000030.

However, at press time, it had decreased to $0.0020. But this on-chain analysis reveals that the meme coin might fail to go extremely lower than this.

First Neiro on Ethereum Sees Bullish Sentiment

On November 12, NEIRO’s daily on-chain volume in profits was over 16 billion. This metric measures the number of tokens in realized profits. Typically, when the value increases, it means that holders have realized a lot of gains, and the price might decrease.

On the other hand, a decrease in the metric implies that selling pressure has decreased. As of this writing, the on-chain realized gains have dropped to 2.31 billion. This decline indicates that most NEIRO holders have halted booking profits.

If sustained, the NEIRO’s rebound could happen in the short term. Specifically, the potential rebound could see the price soar higher than $0.0025 as high demand for the token usually leads to double-digit hikes.

Further, NEIRO is experiencing a surge in its Weighted Sentiment, a metric that captures market participants’ overall perception of a cryptocurrency. A rising sentiment indicates growing bullish commentary, whereas a decline reflects negative market views.

Currently, NEIRO’s Weighted Sentiment is nearing positive territory, signaling a potential shift toward bullish market sentiment. If this trend persists, it could boost demand for the meme coin, possibly driving NEIRO’s price higher.

However, sustained optimism and accompanying trading activity will be crucial for this momentum to translate into meaningful price gains.

NEIRO Price Prediction: Notable Hike Coming

On the 4-hour chart, it appears that bulls are defending the $0.0020 support. The last time such happened, NEIRO’s price rallied to $0.0029. 

If the meme coin aims to repeat such a pattern, it will have to contend with the $0.0022 resistance. Therefore, if buying pressure increases, NEIRO rebound could be validated. Should that be the case, the meme coin’s value could surpass $0.0030.

However, if profit-taking comes into play again or holders in losses sell, this prediction might not come to pass. Instead, the token could drop to $0.0017.

Bitcoin (BTC) has declined from its $93,495 peak, now trading at $92,428 as profit-taking accelerates.

Market sentiment, marked by “extreme greed,” signals a possible price reversal as traders increasingly lock in gains.

Bitcoin’s Rally Prompts Its Long-Term Holders To Sell

BeInCrypto’s assessment of BTC’s on-chain performance has shown a spike in coin distribution by its long-term holders (LTHs). These are investors who have held their coins for an extended period, typically defined as more than 155 days. 

Per Glassnode’s data, the coin’s Hodler Net Position Change dropped to a five-month low on Tuesday. This metric reflects the overall buying and selling activity of long-term Bitcoin holders. This decline indicates that the group sold over $3 billion worth of BTC on that day — their highest single-day sell-off since June 26.

Notably, BTC transactions have been significantly profitable over the past few weeks. As of this writing, the ratio of the coin’s daily transaction volume in profit to loss (assessed using a 30-day moving average) is 2.01. This suggests that for every BTC transaction that has ended in a loss, 2.01 transactions have returned a profit. 

Moreover, BTC’s market value to realized value (MVRV) ratio suggests that the coin may be overvalued, prompting more holders to sell. According to Santiment’s data, BTC’s current MVRV ratio is 182.06%.

At 182.06%, BTC’S MVRV ratio suggests that its current market value is significantly higher than its realized value. Therefore, if all coin holders were to sell, they would, on average, realize 182.06% profit. 

BTC Price Prediction: All Lies With the Coin’s Long-Term Holders

At press time, BTC trades at $92,428, slightly below its cycle peak of $93,495. If LTHs persist in their profit-taking activity, BTC’s price will fall further from this high, toward support below $90,000. According to readings from the coin’s Fibonacci Retracement tool, the next major support is formed at $83,983. 

However, if selling activity stalls and the coin sees a spike in new demand, its price will reclaim the $93,495 all-time high and attempt to rally past it.