Author: NBTC
Bitcoin price failed to surpass $95,500 and declined again. BTC is back below $94,500 and might revisit the $91,200 support zone. Bitcoin started a fresh decline from the $96,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,500 support zone. Bitcoin Price Dips Again Bitcoin price started a decent upward move above the $93,500 resistance zone. BTC was able…
Ethereum co-founder Vitalik Buterin took to social protocol Tako to express gratitude for his family’s role in his early development. He revealed that his parents were early investors in Ethereum and actively backed his interest in coding. Expressing admiration for his family, he credited them for their unwavering support throughout his path in the crypto industry. “My father and mother bought Ethereum from the beginning. They have always paid attention to and supported me,” Buterin wrote. Buterin also acknowledged the influence of his father’s second wife, who had been in his life since childhood. He described her as a maternal…
Today, Strategy announced the pricing of $2 billion in convertible senior notes due in 2030, marking one of its largest bond issuances since adopting Bitcoin as its primary treasury reserve asset in 2020. Strategy Announces Pricing of Convertible Senior Notes Offering $MSTR https://t.co/douBzi3hKb — Michael Saylor⚡️ (@saylor) February 20, 2025 The zero-interest convertible notes will be offered through a private placement to institutional investors. The company has granted initial purchasers an option for an additional $300 million, potentially bringing the total offering to $2.3 billion. The offering is expected to close on February 21, 2025, subject to customary conditions. This…
A clever crypto trader has made a stunning profit with a small investment. As per Lookonchain, the crypto trader obtained $3.05M from a minor investment of just $66 within 18 days, highlighting a 45,906x return. The on-chain analytics platform took to social media to disclose this significant event. Turned $66 into $3.05M in just 18 days, a 45,906x return!This trader spent 0.017 $ETH($66) to buy 10.17M $KEKIUS and sold 2.81M $KEKIUS for 60.3 $ETH($201K), leaving 7.37M $KEKIUS($2.85M).The total profit is $3.05M.https://t.co/gx6E6yFQcz pic.twitter.com/rFrsNjCqvt — Lookonchain (@lookonchain) January 1, 2025 Crypto Trader Turns $66 into $3.05M in 18 Days Lookonchain pointed out…
Ripple CEO Brad Garlinghouse has reacted to the SEC’s surprising decision to drop the Coinbase case, claiming that the agency is now moving on “quickly” from the policies of the previous administration. “Suffice it to say (as I know there are lots of impatient people, including me!), this SEC has demonstrated a clear interest in moving on quickly (!) from the failed regulation by enforcement policies of the last Administration,” he said. As reported by U.Today, Coinbase CEO Brian Armstrong announced that the agency would drop the case against the leading US exchange. Notably, the trading platform will not have…
This is a segment from the Empire newsletter. To read full editions, subscribe. Let’s be honest: Ethereum’s not having a good time. Part of it, as I wrote yesterday, is due to the overall lack of momentum for altcoins. There’s also just a lack of positive sentiment — which is unlike what we’re seeing for bitcoin (even if it hovers below $100,000). In my conversation with Amberdata’s Greg Magadini, one part that was left out of yesterday’s edition were his thoughts on ETH. “The drag on ETH, in my mind, is because the value proposition of EIP-1559 creating a supply…
Ethereum sustains about $2,700 and is aiming for a breakout rally. With the growing institutional support, the SEC has acknowledged the possibility of a new feature for the Ethereum ETFs. This quick development over the past 24 hours has increased the hype around Ethereum. Will the increased hype result in a new bull run for the biggest altcoin? Let’s find out. Ethereum’s Price Action and Key Resistance Levels In the 4-hour price chart, the Ethereum price trend highlights a triangle pattern. Currently, the Ethereum price rallies within the pattern to challenge the overhead trendline. Trading at $2,741, Ethereum is also…
As February unfolds, the cryptocurrency market continues to witness significant developments. Among the key events, Nasdaq’s decision to review Grayscale’s applications for Exchange Traded Funds (ETFs) based on XRP, Litecoin (LTC), and Solana has captured the attention of investors, analysts, and market participants. Additionally, Cardano, a prominent player in the blockchain space, continues to show strength, with growing interest from both institutional and retail investors. This news update provides a comprehensive overview of these developments, their potential impact on the market, and what to expect in the coming weeks. Nasdaq, one of the world’s leading stock exchanges, has begun the…
Attorney John Deaton references his disclosure to FEC, saying his investment in XRP ranges between $1 million and $5 million as of August 2024. The lawyer made this revelation while responding to an X user who accused him of secretly prioritizing Bitcoin investments over XRP. How It Started This comes after the pro-XRP lawyer commented on the potential impact of creating a strategic Bitcoin reserve in the United States. Deaton, who claimed 80% of his net worth is in BTC, suggested that Bitcoin might soar to $1 million if the U.S. government creates a Bitcoin reserve. According to him, other…
China’s Jiangsu Provincial High People’s Court recently released information about a foreign-related case involving a 15.74M yuan cryptocurrency contract gone bad between Singaporean investor, Pan Moumou and Chinese citizen, Tian Moumou. China’s regulation of cryptocurrencies has always been strict. While citizens of China are allowed to own and trade digital currencies, the country does not recognize digital assets as legal tender. As such, Chinese laws assert that whatever risks are attached to contracts or agreements involving cryptocurrencies will be borne by the contractors, and the law cannot protect them. This is especially the case in the Pan and Tian dispute…