Author: NBTC
Traders betting on Bitcoin’s surge to the $100,000 mark have been liquidated on the market prediction platform Polymarket. Bitcoin (BTC) rallied to an all-time high of $99,655 on Nov. 22, increasing the chances of breaking the $100,000 barrier to 91%, according to a poll on Polymarket. However, the flagship cryptocurrency soon started to face correction and even touched a local low of $90,800 on Nov. 27. The asset closed November close to the $98,000 mark. Consequently, one trader, known as TomApproves on Polymarket, placed a $114,000 bet on Bitcoin reaching $100,000 in November. Another anonymous gambler lost almost $56,000 on…
Ethereum has experienced a sharp 15% decline over the past week, leading to significant investor losses. The drop has increased selling pressure as holders appear more inclined to secure profits rather than hold through the volatility. This trend could exacerbate Ethereum’s downward trajectory if it continues. Ethereum Losses Mount The recent price drop has caused the ETH supply loss to surge by 7 million ETH within just a week, from 2.7 million ETH to 9.7 million ETH. This supply is currently valued at over $23 billion, highlighting the scale of the losses. Such a significant rise in unrealized losses marks…
Crypto funding changed direction in Q4, with much larger rounds adding to the final balance of the year. Previously, a slowdown was seen among early-stage investments. December’s VC funding reached the highest levels for Q4, extending the trend from October to November. VC funding expansion coincided with ‘Uptober’ and the most dramatic market recovery for the year. December’s funding crossed the $3B mark, driven by late-stage and OTC or undisclosed rounds. The month showed extreme growth compared to December 2023, where rounds were capped at $1B. Investments expanded by 72% from the previous month, as large-scale private deals were closed…
Shytoshi Kusama, the lead developer of Shiba Inu, has reacted to a recent tweet from Elon Musk that subtly references SHIB, contributing to the token’s rise to a nine-month high. This weekend, billionaire Elon Musk sparked new optimism in the meme coin market by making several references to meme-inspired tokens such as Shiba Inu, Dogecoin, and BABYDOGE. It all started with a post in which Musk shared an image of him carrying a boy on his shoulder, captioning it “DOGE” and “DOGE Junior.” In a follow-up post, Musk shared the image again, this time labeling himself as the “Dogefather” and…
In 2025, the Ethereum (ETH) L2s ecosystem might finally solve all issues of cross-network interoperability and siloed liquidity. As explained by Ethereum (ETH) enthusiast who goes by @FigoETH, ERC-7683 “Cross Chain Intents” will be a game-changer. ERC-7683 makes Ethereum borderless, introduces Intents and Fillers The introduction of ERC-7683, the newest cross-chain standard for the Ethereum (ETH) ecosystem, is set to make L2s user experience 10x better. This, in turn, will make Ethereum’s L2s more attractive for new generations of developers, @FigoETH says on X. 2025 will be the year Ethereums L2s will become unified and interoperable beyond Superchain and other…
BTC’s strong November rally set the stage for potential December gains with an institutional buying frenzy. Post-election Decembers often see Bitcoin gains of 30% to 46%, boosting investor confidence. Bitcoin entered into the price discovery phase as Traders eye Bitcoin to exceed $150K Bitcoin has had an exciting month in November 2024, soaring by 37.3% as Donald Trump won a decisive victory over Kamala Harris in the US presidential election. Meanwhile, past data hints at even bigger gains ahead, with December rallies reaching up to 46%. With BTC now near $96,600, could it skyrocket to $150,000 before year-end? Where Bitcoin…
Ethereum shows bearish signals below $3,500 as the Adam & Eve pattern fails. Can Ethereum hold its support levels at $3,392 or $3,244? As Bitcoin fluctuates under the $100,000 mark, Ethereum shows signs of weakness in its bullish trend. Will the biggest altcoin in the market face an extended pullback heading into 2025? ETH price Analysis As our previous Ethereum Price Analysis mentioned, the reversal from the 100-day EMA challenged the $3,500 resistance level. The short-term rounding-bottom reversal, forming the Adam and Eve pattern, has now entered a consolidation range. The neckline of this bullish pattern coincided with the $3,500…
Economists at Paidenreiger Asset Management predict significant changes in the U.S. economy by the end of 2025, including a potential rise in unemployment and a sharper-than-expected cut in interest rates by the Fed. In the latest economic outlook report, economists predict that core inflation, a key measure closely watched by the Fed, could fall below its 2% target at some point in 2025. But this improvement in inflation is expected to coincide with an increase in the unemployment rate, which is projected to rise to 4.4% or higher by the end of 2025. With inflation falling and unemployment rising, the…
Arbitrum price has gained by more than 80% in the past 30 days, becoming one of the altcoins to record notable gains as Bitcoin (BTC) smashed the $100,000 barrier. The ARB price reached a high of $1.23 on December 6, the highest level for the cryptocurrency since May. Gains over the past week currently stand at over 14%, while daily trading volume has increased nearly 8% to more than $699 million. What next for Arbitrum price? While the ARB token has pared some of the gains with a 24-hour slip of about 5%, Mechanism Capital partner Andrew Kang says Arbitrum…
Unmarshal, a well-known multi-chain data ecosystem, has recently forged a strategic partnership with HyperGPT. The collaboration targets to establish a platform that merges the blockchain and AI technologies to offer advanced Web3 solutions. Unmarshal claims that this development promises a cutting-edge interaction between data, AI, and decentralized systems. In this way, this project contributes to the swiftly evolving digital sector. 📢 Partnership Announcement 📢We’re thrilled to welcome @hypergpt to the Unmarshal ecosystem!Together, we’re pushing the boundaries of Web3 by merging the power of AI innovation with multi-chain data accessibility. 🧵⤵️ pic.twitter.com/0YVXmM7s5e — Unmarshal 2.0 | Mainnet⌛️ (@UnmarshalAI) December 27, 2024…