Author: NBTC
Bitcoin is below $90K, and RSI shows a pattern that has led to major price drops before. The next key support levels are $84K and $76K, and a break could send Bitcoin even lower. RSI signals weak momentum, and traders now wait to see if Bitcoin follows past patterns. Bitcoin is showing a classic bearish divergence against the Relative Strength Index (RSI) on the weekly chart, a pattern that has historically signaled major market corrections. The last time Bitcoin displayed a similar divergence, price movements led to a prolonged downturn. Currently trading at $88,643, Bitcoin has dropped 7.95% within four…
Core Scientific (CORZ) stock surged more than 11% after-market on Wednesday after the data center and bitcoin mining company said it was planning a $1.2 billion expansion of a data center in Denton, Texas, with CoreWeave, to support artificial intelligence (AI) and high-performance cloud computing (HPC). “The 70 MW [megawatt] of additional contracted power at the Denton site increases the full critical IT load to approximately 260 MW,” according to a statement. “The agreement increases CoreWeave’s total contracted HPC infrastructure with Core Scientific to approximately 590 MW across six sites. We believe this addition aligns with CoreWeave’s growing need for…
The name and brand of Solana meme coin Bonk will soon adorn a combat sports stadium, as a result of it partnering with the president of crypto-fueled fighting league Karate Combat, Asim Zaidi, as he looks to upgrade his social media-famous gym, the Goat Shed. With this, the Bonk Stadium is set to host half of the upcoming Karate Combat events, with the league saying that two other fighting organizations have expressed interest in using the venue. Currently, the Goat Shed gym spans 3,000 square feet, but the new, expanded property will extend to a total of 15,000 square feet.…
PayPal is going all in on PYUSD this year, expanding its stablecoin across multiple products to tighten its grip on crypto payments and business transactions. The company confirmed at its investor day on Tuesday that merchants, freelancers, and global sellers will soon be able to pay, get paid, and settle transactions with PYUSD in ways that weren’t possible before. The plan is simple but aggressive—integrate PYUSD into bill payments, Hyperwallet’s mass payouts, and eventually, crypto settlements for all PayPal checkout transactions. The push isn’t just about giving users another payment option—it’s about turning PYUSD into a default digital cash system.…
In his latest video update, long-time market analyst and self-described “four-year cycle” trader Bob Loukas delivered a breakdown of Bitcoin’s current trajectory. Despite a roughly 22% pullback from its recent all-time high, Loukas asserts that the leading cryptocurrency’s price action remains “nothing we have not seen before.” Loukas opened his video by acknowledging growing anxiety among traders following Bitcoin’s drop from around $110,000 to the mid-$80,000 range. However, he emphasized that such swings are a natural part of Bitcoin’s characteristic volatility. “As I record this video Bitcoin’s at $87,000, down from an all-time high of around $110,000… which historically, even…
Ethereum price started a fresh decline from the $2,350 resistance zone. ETH is now consolidating losses and might extend losses toward the $2,000 support. Ethereum is facing an increase in selling below the $2,350 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent recovery wave if it settles above $2,250 and $2,350. Ethereum Price Dips Further Ethereum price failed to clear the $2,450 resistance zone and started a…
Nvidia reported record fourth-quarter revenue of $39.3 billion, up 12% from the previous quarter and 78% from a year ago, as demand for artificial intelligence chips continued to drive growth. The company’s earnings topped expectations, with diluted earnings per share of $0.89, beating analyst estimates of $0.84, according to data from TipRanks. The result marked a 14% increase from the prior quarter and an 82% rise from a year earlier. Nvidia has now beaten earnings forecasts in every quarter over the past year. Shares of the chipmaker closed up 3.67% at $131.28 and rose another 2.32% in after-hours trading to…
Grayscale Investments announced additions to its Smart Contract Fund, and guess what? Cardano (ADA) is now on the roster. It is stepping up alongside Ethereum, Solana, Avalanche, Sui, Near and Polkadot, finding its place in the latest fund rebalancing. Let’s talk numbers. SOL takes the top spot with 31.3%, just edging out Ethereum at 31.22%. Cardano? It is coming in strong at 18.23%, securing a firm third place. Avalanche is next at 7.26%, while Sui, Near and Polkadot make up the remaining slices, with 6.50%, 2.95% and 2.54%, respectively. The fund sticks to a market cap-weighted approach, but no single…
Binance finally responds to traders online accusing the exchange of manipulating the market by ‘dumping’ millions of SOL and ETH tokens through Wintermute. In a recent post shared by the Binance Customer Support account, Binance replied to a trader asking about the on-chain data that showed Binance’s hot wallet “sending” millions of Solana (SOL) and Ethereum (ETH) tokens from its holdings on Feb. 24. The trader accused the exchange of “dumping on everyone” by offloading the tokens. Responding to the comment, Binance denied accusations that it had “dumped” or “sold” millions of tokens. It claimed that many traders have simply…
In a striking development in the cryptocurrency market, two newly created wallets have withdrawn a total of 1,178.5 Bitcoin (BTC), valued at approximately $102 million, from Binance, one of the leading cryptocurrency exchanges. This large-scale transfer has caught the attention of market observers and raises questions about the implications for Bitcoin’s liquidity and market dynamics. 2 newly created wallet withdrew 1,178.5 $BTC($102M) from #Binance today.https://t.co/hbqS23kjYshttps://t.co/vzuCy8kFIo pic.twitter.com/9FzX3ypyxT — Lookonchain (@lookonchain) February 27, 2025 According to Lookonchain,The transfers occurred earlier today, involving substantial sums moved to external wallets. The first wallet received 978 BTC, amounting to roughly $84.02 million, while the second…