Author: NBTC
Bitcoin (BTC) price is falling as it approaches the 21-day SMA support. Bitcoin price long-term forecast: bullish On December 5, as reported by Coinidol.com, the extended candlestick tail pierced the 21-day SMA, but bulls bought on dips. The positive momentum lifted the price above the $100,000 mark and reached a high of $104,000. However, the long candlestick wick from December 5 indicates selling pressure at the higher price point. Bitcoin is trading above the 21-day SMA or support at $97,000 but below resistance at $100,000. If the bears break below the 21-day SMA support, Bitcoin will fall and look for…
Ethereum (ETH) has recently crossed the $4,000 mark for the first time since March and is currently trading at $3,881.21. With a year-to-date gain of over 70%, Ethereum has strengthened its position as a key player in the cryptocurrency market. Driven by record ETF inflows, network upgrades, and growing institutional interest, Ethereum’s recent rise has sparked fresh discussions about its future. As 2024 nears its end, investors are closely watching to see where the world’s second-largest cryptocurrency heads next. ETF inflows signal robust institutional confidence One of the major catalysts for Ethereum’s recent momentum has been the renewed investor appetite…
According to an announcement on October 16, Paxos has launched the yield-bearing Wrapped Lift Dollar (wUSDL) stablecoin on Injective. Lift Dollar is a new yield-bearing stablecoin pegged 1:1 to the US dollar. UAE-regulated Paxos International, a subsidiary of Paxos, launched Lift Dollar (USDL) in June of this year. It is a stablecoin that provides daily returns to its holders, which are distributed as dividends to users’ wallets. The returns come from the stablecoin’s reserve assets, including short-term US Treasury bills and their cash equivalents. Paxos South America aims to bring these benefits to users of the Injective ecosystem through wUSDL,…
Zettai Pte Ltd, a Singapore-based company that operates WazirX, has filed an application with the Singapore High Court for approval on a Scheme of Arrangement for WazirX. This announcement was made by WazirX’s founder and CEO Nischal Shetty on X. This marks as a crucial step towards rebuilding trust and stabilizing the cryptocurrency platform. The current scheme aims to ensure quick and fair recover of the loss experienced by the users which was around $230 million. The scheme of arrangement has been filed. This is likely one of the fastest filings ever for such a massive and complex matter. I’m…
CryptoQuant, a prominent blockchain analytics platform known for its institutional-grade cryptocurrency market analysis, has suggested Ethereum (ETH) could surpass the $5,000 mark based on its proprietary price band analysis. The South Korea-based firm, which provides> $ETH could break above $5k as demand and supply dynamics strengthen.The realized price upper band, currently at $5.2k, matches the level seen during the 2021 bull run peak, signaling strong potential for further growth. pic.twitter.com/AOwgAbltS8 — CryptoQuant.com (@cryptoquant_com) December 13, 2024 The price action in Ethereum tells a compelling story of volatility and resilience throughout 2024. The year-to-date chart shows ETH has navigated several significant…
MoonPay announced on October 16 on Social Media X that its customers can now “buy, manage, and store” XRP cryptocurrency directly in their MoonPay accounts. XRP joins other popular crypto assets that MoonPay users can buy and sell directly from the app, including Bitcoin, Ethereum, and the stablecoin Tether. The app also allows customers to exchange certain cryptocurrencies, including across chains. Users can buy cryptocurrency using credit cards, as well as Apple Pay and Google Pay. The platform has partnered with PayPal to allow cryptocurrency purchases in supported jurisdictions. The partnership comes a day after Ripple named MoonPay as one…
Toronto, Canada — INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX), a regulated marketplace for security tokens and tokenized Real-World Assets (RWAs), has unveiled Buy Assets — a streamlined trading experience designed to make investing in RWAs more accessible to retail investors.—The new Buy Assets feature on INX.One reimagines the trading process, prioritizing simplicity and speed. Instead of navigating complex charts and interfaces, users can now execute trades in a few guided steps. The process features:Seamless Wallet Integration: Users can link personal wallets with minimal effort, enhancing accessibility.Instant Market Access: Investors can view and accept the best…
People have been unhappy with Bitcoin’s current trajectory for a while now, but the recent exchanges have really brought the conversation to a new level. What’s the main issue here? The question on everyone’s mind is whether Bitcoin (BTC) has strayed from its original purpose, as outlined in Satoshi Nakamoto’s white paper: a stateless, decentralized payment system capable of delivering cheap, scalable transactions. The enthusiasts, who are critical of Bitcoin, are pretty straightforward about it. They say that BTC has changed into a kind of investment that is being held by institutions, which is very different from what it was…
Crypto finance service provider Bitcoin Suisse says the crypto bull market will continue in 2025, and projects that Ethereum staking exchange-traded funds could outperform Bitcoin. Bitcoin Suisse shared the forecast in its outlook for the next year, with key points including the U.S. adopting a Bitcoin (BTC) strategic reserve as other countries follow and BTC trading to an all-time high above $180’000. The Swiss-regulated crypto startup also foresees financial giants stepping up to unveil institutional rollups on Ethereum (ETH). However, one of its biggest projections for 2025 is that Ethereum-staking ETFs could surpass Bitcoin ETFs. “While Bitcoin ETFs shattered records…
As was the case with many savvy cryptocurrency investors during the 2024 bull market, one trader made a small fortune with meme coins within just a few days. Specifically, one investor spent 603 Solana (SOL) – worth approximately $86,000 – on October 11 to purchase 10,7 million $GOAT. On October 17, the same trader offloaded some 700,000 $GOAT making about $222,000. Interestingly, the cryptocurrency investor missed an opportunity to sell the Solana-based meme coin at its peak. Indeed, at one point, the 10.7 million $GOAT was worth as much as $3.75 million. Additionally, the trader runs the risk of many…