Author: NBTC
Bitcoin (BTC) continues to dominate the digital currency market, with a price standing at 93,571.06 dollars, and a daily increase of 1.48%. This rise reflects a recovery that involves the entire sector, supported by the constant interest of investors and by global policies that favor the adoption of cryptocurrencies. Key statistics on the Bitcoin (BTC) quotation Outlook: Blockware’s forecasts on BTC pricing Market Considerations Conclusions Key statistics on the Bitcoin (BTC) quotation Bitcoin (BTC) maintains its leadership position in the global market, as demonstrated by some key metrics. Its market capitalization is 1.85 trillion dollars, with an increase of 1.46%…
There are many projects in the cryptocurrency market. While it is very important to determine which project is long-lasting and solid when investing, Ethereum co-founder Vitalik Buterin explained his thoughts on this subject. Only Bitcoin and Ethereum Can Survive! On WarpCast, Vitalik Buterin argued that only Bitcoin and Ethereum have the essential property needed for long-term survival. Claiming that only Bitcoin and Ethereum can survive without foundations at this point, Buterin stated that only BTC and ETH have true decentralization features. “True decentralization can be tested by whether a blockchain can survive without a foundation. And at this point, only…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. January’s FOMC meeting minutes were released this week, providing plenty of fodder for monetary plumbing nerds to piece together what the Fed thinks about bank reserves and its ongoing campaign of quantitative tightening (QT). As seen in the chart below, the QT campaign has been fraught with nuance and idiosyncratic offsetting. As QT occurred, the vast majority of it has been offset by the reverse repo facility (RRP) balance as seen by the white line below. Further, this has been hiccuped by the debt ceiling debacle…
In an X post published yesterday, Coinbase CEO Brian Armstrong claimed that his company had reached an agreement with the US Securities and Exchange Commission to drop the regulator’s legal action against the exchange. Armstrong’s post has created excitement in the crypto community. Ripple CEO Brad Garlinghouse has responded enthusiastically to the post. He has noted that the SEC is moving on quickly from the flawed policy framework of the past. Let’s dive in for more details! SEC Drops Case Against Coinbase Without Penalties It was in 2023 that the US SEC originally initiated its legal action against Coinbase. The…
London, England – Fermion Protocol is set to revolutionize the luxury sector with the launch of its decentralized fractional ownership platform, starting with the tokenization of the $1 million Dolce & Gabbana Glass Suit.— This groundbreaking move opens the door to a new era of luxury, combining high-end fashion with the potential of blockchain technology to offer verified, secure fractional ownership of real-world assets (RWAs).By fractionalizing the Glass Suit, Fermion is creating a community-driven model of luxury ownership that allows consumers to own a piece of iconic fashion, while brands can now reclaim control of their secondary market. Through Fermion’s…
With a bearish start to this week, Bitcoin remains near the $93k support. Will BTC’s price see an extended correction phase? Bitcoin has dropped to $93,300, following a bearish Sunday that resulted in a 24-hour decline of 1.71%. At the current market price of $93,390, Bitcoin’s market capitalization stands at $1.84 trillion. Under the bearish influence on Bitcoin’s price, the crypto market has witnessed liquidations totaling $167.94 million over the past 24 hours. This figure is significantly higher than the typically lower trading volumes observed over weekends. As liquidations surge, the tightening bearish pressure on the BTC price trend raises…
Ethereum (ETH) has been trading within a narrow range since the beginning of February, oscillating between key support and resistance levels. However, despite this sideways price movement, futures traders remain resilient as they continue to open buy contracts, signaling confidence in ETH’s potential upside. Ethereum’s Futures Market Shows Resilience Readings from the ETH/USD one-day chart reveal that the leading altcoin has traded within a horizontal channel since the beginning of the month, facing resistance at $2,799 while finding support at $2,585. Despite this, its futures traders have maintained their bullish stance and have increased their buy orders. A key indicator…
Messari, a leading blockchain analytics platform, has released its annual forecast for 2025, predicting significant shifts in the cryptocurrency, AI applications, and NFT ecosystems. Here are the key takeaways: Ethereum Will Outperform Solana in 2025 Messari predicts that Ethereum (ETH) will outperform Solana (SOL) throughout 2025 due to several factors: ETF Inflows: While Ethereum ETFs are expected to attract significant institutional interest, SOL ETFs may struggle to gain similar traction. FTX Liquidation: Over 11 million SOL will be removed from FTX property in March, leading to increased selling pressure. Market Dynamics: After a tough 2024, Ethereum is likely to attract…
The United States Department of Justice (DOJ) has extradited a Brazilian national to the United States of America from Switzerland over a $290 million cryptocurrency fraud scheme between 2016 and 2021. According to the DOJ, the citizen of Brazil appeared at the United States District Court in Seattle, where he is facing a 13-count indictment for wire fraud and conspiracy related to his Bitcoin investment scheme. Authorities claim the defendant, 48-year-old Dover Braga, lived in Florida between 2016 and 2021 when he carried out most of his fraudulent activities. In the DOJ indictment, Braga was accused of running a Bitcoin…
Base, the layer-2 network of the largest American crypto exchange, Coinbase, is facing tough times following the chain’s strong entrance into the market over a year ago. Data from the market analytics platform IntoTheBlock shows that the Base ecosystem is under pressure, a challenge driven by the market’s recent dip. Base Ecosystem Under Pressure After reaching a peak of $4 billion in total value locked (TVL) in mid-December 2024, Base is now struggling with a TVL of $3.2 billion, according to data from decentralized TVL aggregator DeFiLlama. Base’s transaction volume has also fallen from $2.2 billion in mid-December to $852…