Author: NBTC
Ethereum’s bullish momentum accelerated this week, pushing Ethereum price today toward the critical $3,000 mark. The rally has been backed by a sustained breakout from descending trendlines and a clean reclaim of prior resistance zones. As of writing, ETH is trading near $2,980, marking a fresh local high with bullish continuation signals across multiple timeframes. What’s Happening With Ethereum’s Price? ETH price dynamics (Source: TradingView) On the daily chart, Ethereum price has cleanly broken above the $2,715–$2,750 resistance band and pierced through a descending trendline that had capped upside since early April. This move follows weeks of base formation and…
The crypto markets experienced a relatively calm day on Friday in spite of a renewal of the threat of tariffs. Bitcoin is down 0.7% in the last 24 hours, now trading for $106,700, according to CoinDesk market data. The orange coin’s performance was broadly in line with the CoinDesk 20’s — an index of the top 20 cryptocurrencies by market capitalization, except for stablecoins, memecoins, and exchange coins — which fell 0.7% in the same period of time. Sui was the index’s token that experienced the biggest price change either way, and it only rose 3.3%.Crypto stocks saw more significant…
Bonk (BONK), one of the well-known memecoins of the Solana ecosystem, will hold a token burn event after reaching the 1 million token holder level, according to the statement made on the official X account. BONK developers announced in a statement that the token burn amount was set at 1 trillion tokens. This corresponds to approximately $22 million at the time of writing. BONK’s market value is currently around $1.8 billion. Although the developers did not give a clear date or time, they announced a few minutes ago that they were about to reach 1 million token holders. One million…
Bitcoin surpassed its all-time high of $109K earlier this week, reaching a new high of $112K. Despite this, the price exhibits slight bullish momentum, suggesting a potential consolidation at this level for the short term. Technical Analysis The Daily Chart Bitcoin has officially broken above its previous all-time high of $109K, establishing a new peak around the $112K region. This breakout underscores strong buyer interest and highlights the bullish sentiment that continues to fuel this cycle. However, the recent price action suggests that bullish momentum is softening, with BTC beginning a minor pullback toward the broken $109K level. This area…
The cryptocurrency market is buzzing with excitement, and for good reason. Major players are not just participating; they are making significant moves that often precede larger market trends. One such standout is LD Capital’s secondary investment institution, Trend Research, which has recently garnered attention for its substantial holdings and impressive gains in Ethereum. Their current position reveals an astonishing sum of up to $130 million in unrealized Ethereum profits, a figure that is turning heads across the crypto landscape and igniting discussions about the future of the market. Trend Research: Unpacking the Staggering Ethereum Profits How did Trend Research achieve…
Leading web3 venture capital firm DWF Ventures has published a research report revealing the growth in crypto treasury investment by public companies. It has identified 14 companies that have rolled out a crypto investment strategy, and who collectively now hold digital assets worth $76B. In the past year, DWF Ventures has noted investments of more than $40B made by public companies. It pinpoints a total of 14 such companies that now have significant crypto treasuries. Aside from the Michael Saylor-led Strategy with its $67B investment, DWF Ventures cites public companies such as Trump Media, GameStop, Metaplanet, Tesla, and Semler Scientific.…
Ripple’s escrow nearing Its end Ripple escrow strategy points to massive XRP flow ahead, here’s what to expect Current Status. Ripple has 36.4 billion XRP remaining in escrow. Ripple’s XRP escrow program, with its long history, might be reaching an end. There are now predictions about when the rest of the supply might hit the market. Based on the latest trends and updated forecasts, the remaining 36.4 billion XRP in escrow could be released completely in as little as six years. Projected Timeline: At the current 300M/month release rate – ~10 years If rate increases to 400M/month in 2026 –…
Bitcoin recently broke above the $111,000 mark, setting a new all-time high. However, data across major exchanges suggests that traders are growing increasingly wary of a sustained rally. CoinGlass data indicate that over 53% of Bitcoin positions are currently short, meaning a majority of traders are betting on a price drop. By contrast, just 47.43% of active positions are long. Most Traders Turn Bearish Despite Bitcoin’s Recent All-Time High The pattern is mirrored on Binance, where short trades make up 54.05% of open interest, compared to 45.95% for longs. This growing tilt toward shorts reflects mounting skepticism in the market,…
Key takeaways ETH is up 8% in the last 24 hours and is currently trading above $3k. The coin could rally towards the $3,700 resistance if the daily candles close above $3k. Ether hits $3k following strong ETF and treasury inflow Ether, the second-largest cryptocurrency by market cap, was one of the best performers among the top 10 cryptocurrencies. As Bitcoin was hitting a new all-time high above $118k, Ether was topping the $3k resistance level. At press time, the price of Ether stands at $3,001, up 7.7% in the last 24 hours. The positive performance comes thanks to strong…
In the midst of this altcoin winter, corporate crypto firms like Coinbase, Circle, and Robinhood are outperforming all the leading tokens. Even Bitcoin is performing worse than companies that routinely purchase it. A few factors, like supply and demand, improving macro sentiment after today’s US-China trade deal, and institutional preference for BTC, are powering this trend. Corporate Firms Outpace the Altcoin Market Many crypto investors have been waiting for an altcoin season, but it just isn’t coming. There are currently several competing explanations for this extended doldrum, yet none of them is completely convincing. Meanwhile, corporate crypto firms like Coinbase…