Author: NBTC
Bitcoin stands at a critical crossroads, with its price hovering near the crucial $93,257 support level. This key price point has acted as a stronghold for the cryptocurrency during its recent ascent, but now, the market is facing mounting pressure. Bearish strength is starting to gain traction, raising concerns that the $93,257 level might soon give way to further declines. The Relative Strength Index (RSI) is beginning to show signs of weakness, suggesting that momentum is shifting in favor of the bears. If Bitcoin fails to hold this support, it could trigger a wave of sell-offs, pushing the price toward…
Ethereum (ETH) continues to show bullish momentum, with the price currently at $2,759.09—a 0.99% gain over the past 24 hours. The cryptocurrency’s market cap rises to $332.64 billion, and its 24-hour volume jumps 7.89% to $15.28 billion. These movements point to growing buying interest as the market eyes resistance on February 22 and the potential to break through $2,800. Ethereum’s Current Price Trend The recent price action shows volatility along with an uptrend, marked by higher highs and higher lows—a sign of sustained bullishness. Increasing trading volume supports the possibility of further gains, and if ETH holds above $2,750, it…
The U.S. Marshals Service (USMS) is tasked with managing assets seized by law enforcement in the course of criminal investigations, like real estate, cash, jewelry, antiques or vehicles. It is also supposed to be handling cryptocurrencies — for example, the billions of dollars worth of bitcoin (BTC) seized by the Federal Bureau of Investigation (FBI) from darknet marketplace Silk Road in 2013. However, the USMS doesn’t seem to know how much crypto it currently has. In fact, the agency is struggling to come up with a rough estimate of even its bitcoin holdings, a source familiar with the matter told…
Popular cryptocurrency-related analytics service CoinGecko has published data about AI-themed meme cryptocurrencies as they have shown amazing growth today, Jan. 2, skyrocketing in market capitalization. According to this popular data platform, today, the overall market value of AI meme coins has surpassed the $10 billion market, showing amazing 26.4% growth within the last 24 hours. Ai16z leads AI meme coin rally before New Year Eve As for the trading volume over the past day, it has reached an impressive $2.46 billion. The largest AI meme coin among them is ai16z with a market capitalization value of 2.659 billion. As reported…
Two years ago, the Solana-based derivatives decentralized exchange, 01 went on an indefinite hiatus until today when it announced that it will relaunch as N1. According to a post from its co-founder Dima Romanov, the exchange will have the support of Arthur Hayes and some other VCs. Further into the post, Dima also revealed a walk down memory lane as he reminded readers of what happened to them in the first place. Dima is optimistic about N1 relaunch Dima’s long-form post on X began with him revealing how he, David Cao, and Sheheryar Parvaz set out to build the best…
Crypto mining firm BitFuFu has acquired a data center in Oklahoma for $20 million. According to reports, the NASDAQ-listed firm revealed that it has signed a definitive agreement, making it one of the majority owners of the operational Bitcoin mining data center. According to the report, BitFuFu priced the deal at $400,000 per megawatt, putting the total value of the 51 MW mining center at $20.4 million. The company noted that the transaction was funded from the cash in its balance sheet and common stock. The Oklahoma mining data center has been in operation since 2022, operating through an air-cooled…
As the year draws to a close, the attention of all crypto market participants is focused on where, and at what point, the price of the leading cryptocurrency, Bitcoin (BTC), will step into 2025. Despite hitting a new all-time high this month, Bitcoin is currently trading below this coveted mark, which is seen as more of a sign of weakness, even though it is still up 128% since the beginning of 2024. With the crypto market attracting many more institutions this year such as BlackRock, Fidelity, pension funds and the like, thanks to the launch of spot Ethereum and Bitcoin…
Ethereum is nearing a $2,800 breakout to test the $3,000 neckline. With increasing bullish triggers, is ETH ready to surpass $3,000? Bitcoin bouncing back to the $98,000 mark has boosted the trend momentum in Ethereum. The biggest altcoin in the market has risen to $2,755 with an intraday recovery of 0.61%. This marks its third consecutive positive day in an attempt to challenge and close above the $2,800 mark. With the short-term recovery gradually gaining momentum and the short-term technicals hinting at a trend continuation, will Ethereum reclaim the $3,000 mark? Let’s find out. Ethereum Price Nears $2,800 Breakout In…
After detailing the growing number of crypto ETF proposals/developments in recent weeks, I wanted to point out the latest. For one thing, US crypto index ETFs — in their earliest forms — are now live. Franklin Templeton’s EZPZ ETF (named for the convenience of getting exposure to two crypto assets at once) holds both BTC and ETH. That joined the Hashdex Nasdaq Crypto Index US ETF, which hit the US market on Valentine’s Day. The dual BTC-ETH exposure is just the first iteration of these products — or so we all expect. A Tuesday 19b-4 filing signals the Hashdex fund…
As Bitcoin’s resurgence has fueled the crypto market cap to exceed $3 trillion, Hyena (HYENA) is grabbing users’ attention. The overall market’s growth has lured millions of investors to build luck on the burgeoning industry. Increasing numbers of investors continue to pour funds to grow their wealth in the alternative financial landscape. However, the road is not smooth for everyone. Some end up with hit with hard lessons to learn later. Lookonchain has spotted a trader who has just lost $80.8k within a day. Trader nursed $89.6k loss in FOMO trading With goodies in the markets, investors and traders are…