Author: NBTC

Ethereum (ETH) briefly dropped to near $2,870 on November 19, its lowest point since July, after the release of Federal Reserve minutes raised market uncertainty. Despite the pullback, on-chain indicators and analyst insights suggest that the second-largest cryptocurrency may be forming a potential bottom. Federal Reserve Minutes Ignite Market Volatility The sharp decline in Ethereum was triggered by the Federal Reserve’s October 28–29 meeting minutes. It introduced significant uncertainty about December’s policy outlook. The document showed a slim majority of Fed officials against a December rate cut, while others suggested it “could well be appropriate.” This divided stance sparked volatility…

Standard Chartered Bank analysts Nicholas Chia and Steve Englander stated in their report that if the US economy maintains its current momentum, interest rate cuts may become difficult in 2026. According to analysts, although the Fed will continue to cut interest rates throughout 2025, market expectations for a rate cut in 2026 may decrease if economic growth remains strong and productivity growth exceeds expectations. The report stated, “Markets are currently pricing in a rate cut of approximately 63 basis points in 2026. However, if the US economy remains strong and productivity growth continues, these expectations may gradually be eroded. This…

In a stunning development that’s sending ripples across cryptocurrency markets, Whale Alert has reported a massive USDT whale transfer involving 460,127,000 USDT moving from Aave to an unknown wallet. This colossal transaction, valued at approximately $460 million, represents one of the largest single movements of stablecoin we’ve witnessed this year. What Does This Massive USDT Whale Transfer Really Mean? The recent USDT whale transfer from Aave to an unknown destination has traders and analysts buzzing with speculation. When such substantial amounts move between wallets, it typically signals one of several scenarios: Institutional repositioning for major market moves Preparation for large-scale…

A recent chart that was posted to X by a high-profile analyst CryptoRover (@cryptorover) has drawn the interest of Ethereum traders. ETH started at a price of $3,022, which is nearly 3.5 percent lower than the previous day when it was at 3,098. Additional early-stage metrics of the post showed significant global interest in ETH current valuation background, with 63 likes, 35 comments, and 7 reposts. Mean-Reversion Model According to normalized deviation to the Ethereum historical average in the same vein as on-chain metrics like MVRV Z-Score, the chart of CryptoRover depicts color-coded stripes of valuation of deep undervaluation to…

Crypto mining stocks tied to the red-hot artificial intelligence (AI) data center trade were the fastest horses on Monday to recover from Friday’s market rout. Bitfarms (BITF) and Cipher Mining (CIFR) surged 26% and 20% respectively on Monday, while Bitdeer (BTDR), IREN (IREN) and MARA Holdings (MARA) advanced around 10%. The rally reflects optimism that booming AI compute demand will help miners. Perhaps boosting sentiment was ChatGPT creator OpenAI striking a deal with chipmaker Broadcom (AVGO) to build up custom chips for AI and machine learning. Also on Monday, Bloom Energy (BE) announced a $5 billion deal with Brookfield Asset…

The National Bank of Belarus has submitted a proposal to the member countries of the Eurasian Economic Union (EAEU) to establish a unified framework for crypto regulation. Alexander Egorov, the first Deputy Chairman of the Central Bank’s Board, proposed changes to harmonize legislation to prevent conflicts between the union’s countries. The EAEU currently includes Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. “For example, in the Republic of Belarus, the High-Tech Park zone permits the use of cryptocurrency for both legal entities and individuals. Recently, there was a meeting at the head of state where we discussed expanding the park’s mandate, including…

Ethereum must hold key support levels to avoid further declines and potentially target higher resistance zones, amid recent institutional outflows. The latest Ethereum price chart still shows a decline over the past 24 hours, dropping by 0.9% to a current price of $3,020. Ethereum’s price fluctuated approximately between $2,872 and $3,103 during this period, suggesting a moderate level of volatility. In the last 24 hours, Ethereum’s trading volume stands at $35.9 billion, up 16.24%. The 7-day and 14-day performance has indeed been lagging, with a notable drop of 14.7% and 10.6%, respectively. This decline points to a weaker market sentiment…

With the longest US government shutdown in the country’s history now over, some lawmakers have turned their attention to passing a digital asset market structure bill that could become a defining issue for many voters in the 2026 midterm elections. The US Senate Banking Committee and the Senate Agriculture Committee have released discussion drafts for their versions of the market structure bill, building on the CLARITY Act passed by the House of Representatives in July. Although the current session of Congress will last until January 2027, lawmakers may have a limited window to pass the bill, known as the Responsible…

Singapore Exchange’s (SGX) derivatives arm will soon let institutions trade one of the crypto market’s most popular instruments: perpetual futures. The SGX Derivatives announced on Monday the launch of bitcoin BTC$95,789.16 and ether ETH$3,204.60 perpetual futures, scheduled to go live on Nov. 24, with a promise to deliver the structure and trust of global derivatives markets, fused with the flexibility of the crypto’s most traded instruments. “Digital assets have made their way into institutional investors’ portfolios,” said Michael Syn, president of SGX Group. “We’ve taken the next logical and deliberate step — applying the same institutional discipline that underpins global…

The cryptocurrency market witnessed another concerning development as US spot ETH ETFs recorded a staggering $38.9 million net outflow on November 19, marking the seventh consecutive trading day of withdrawals. This persistent trend raises important questions about investor sentiment toward Ethereum-based investment products and their future trajectory in the digital asset space. Why Are ETH ETFs Experiencing Continuous Outflows? The consistent withdrawal pattern from ETH ETFs suggests investors are reevaluating their positions in Ethereum-focused funds. Market analysts point to several potential factors driving this trend, including regulatory uncertainty, market volatility, and shifting investment strategies. The seven-day outflow streak represents one…