Author: NBTC

Bitcoin is testing a major support area that has shaped past cycle bottoms and sparked strong rallies before. The $58,000 to $62,000 zone now matters because holding it could keep the bullish reversal setup alive, while losing it may point to deeper downside. Bitcoin Chart Shows Long-Term Channel Support as Bottom Zone to Watch Bitcoin is moving lower inside a long-term rising channel, with one analyst watching whether the lower boundary can once again act as a major cycle support zone. The weekly chart shows $BTC trading inside a broad ascending channel that has guided price action since 2018. The…

U.S. spot Ethereum exchange-traded funds recorded $38 million in net inflows on July 20, according to data from Farside Investors, extending a positive streak to a second consecutive trading day after a period of mixed activity. Breakdown of July 20 Inflows The inflows were led by BlackRock’s iShares Ethereum Trust (ETHA), which attracted $34.3 million. Fidelity’s Ethereum Fund (FETH) added $2.8 million, while the 21Shares Core Ethereum ETF contributed $0.9 million. The remaining spot $ETH ETFs saw no net inflows or outflows for the day. This marks the second straight session of positive flows following last Friday’s modest gains, suggesting…

Custodia Bank, the Wyoming-chartered digital asset bank led by Caitlin Long, is seeking a 30-day extension of time, until July 10, 2026, to file a petition for certiorari challenging the Tenth Circuit’s decision in its long-running dispute with the Federal Reserve, according to a recent filing. The Tenth Circuit held that regional Reserve Banks have discretionary authority to deny master accounts, a ruling Custodia says contradicts the Monetary Control Act’s mandate that services “shall be available” to eligible nonmember banks. The request cites the complexity of the issue and counsel’s other pending deadlines as reasons for the additional preparation time.…

The team behind SaharaAI (SAHARA) has publicly refuted speculation that the token’s recent sharp price decline was caused by sales from team members or early investors. In an official statement, the project emphasized that all allocated tokens for the team and investors remain untouched on-chain, and that market makers Amber Group and Hering Global continued normal operations throughout the crash. On-Chain Evidence and Market Maker Activity According to the SaharaAI team, the token’s smart contract showed no signs of an attack, and custody of the tokens remains under the foundation’s control. The team also clarified that on-chain transfers observed prior…

Key takeaways: Soft US jobs market data triggered a rotation of capital from overheated AI stocks into Bitcoin and gold. Bitcoin onchain indicators hint at seller exhaustion while the decline in oil prices opens room for monetary expansion. Bitcoin reclaimed the $61,000 mark following a disappointing US job market report. Traders grew less certain of a near-term interest rate hike from the US Federal Reserve (Fed) given the worsening labor data. The tech-heavy Nasdaq index sold off, fueling hopes of a capital rotation favoring Bitcoin. Nasdaq 100 Index futures (blue) vs. Bitcoin/USD (orange). Source: TradingView The Nasdaq 100 Index erased…

Ethereum is trading just below $1,900, and analyst Benjamin Cowen believes the next major test for $ETH may not come immediately. While July has historically been a strong month for crypto during midterm years, Cowen expects the August-to-October period to be far more important in deciding whether Ethereum follows a recovery pattern similar to 2022 or a deeper correction like 2018. Bullish Scenario: $ETH Could Rally Toward $2,000–$2,100 According to him, Ethereum could continue higher through July, especially because midterm-year July has historically delivered strong crypto performance. $ETH also does not necessarily need Bitcoin to bottom first. In the previous…

Robinhood just landed its most unusual client yet: the US government. The US Department of the Treasury selected Robinhood Markets to serve as the brokerage and initial trustee for “Trump Accounts,” a new federal investment program designed to get American children investing before they can drive. The company will build the technology infrastructure, handle customer support, and develop educational resources for an initiative that could eventually touch millions of households. How the program works Children born between 2025 and 2028 are eligible for a $1,000 seed contribution from the US Treasury, deposited into a dedicated investment account. Family members and…

Blockchain data reveals that wallets linked to the Velvet Capital team and its market maker, DWF Labs, have transferred large volumes of $VELVET tokens to centralized exchanges, coinciding with a dramatic tenfold price increase. The moves have raised questions about potential insider selling and market manipulation. Token Transfers and Price Action According to on-chain analyst EmberCN, an address associated with the Velvet Capital project team transferred 22 million $VELVET tokens, worth approximately $19.8 million, to exchanges including Bitget, Gate.io, and KuCoin over the past three days. This activity followed a surge in the token’s price from $0.09 to $0.90, a…

Tiger Research and Bitwise CIO are now calling the bear market bottom after Bitcoin’s price rebound into July. Bitcoin briefly climbed to a daily high of $62,200 on Binance Thursday afternoon. It now hovers around $61,400, putting a 2.49% gain in the day and 3.08% gain over the last seven days. Tiger Research analysts issued a comment Thursday saying they are “becoming more constructive on Bitcoin from a cycle perspective,” adding that Bitcoin has likely entered the final leg of the current bear market. “Our view is not that the exact bottom is already in, but that Bitcoin has likely…

Ethereum ($ETH) has gained 8.8% in a week as momentum strengthened. BlackRock’s ETHA helped drive fresh spot ETF inflows. $2,000 remains Ethereum’s next major resistance level. Ethereum has extended its latest recovery, climbing above the $1,900 level and putting the $2,000 mark back into focus. The recovery comes after several weeks of improving price action, renewed institutional interest, and technical signals that suggest bulls have regained control in the short term. At press time, $ETH was trading at $1,942.56, up 4.2% over the last 24 hours. The cryptocurrency is up 8.8% over the past seven days, 9.7% over the last…