Author: NBTC
Trading legend Peter Brandt has suggested that Bitcoin could be on the cusp of a historic move. Brandt’s chart shows an inverted expanding triangle. Two downward trendlines have connected the lower highs and the lower lows, respectively. Earlier this week, the trader stated the sequence of lower highs and lows is yet to be violated. He believes that the leading cryptocurrency could potentially hit $150,000 by next September. The ongoing consolation phase could be followed by a sharp upward move if there is a break above the upper trendline. The price of the leading cryptocurrency is currently changing hands at…
Ethereum ($ETH) is on track for a 37% gain, supported by bullish patterns. Technical indicators signal strong momentum for continued price increases. A move to $8,557.6 could drive altcoin growth and boost overall market sentiment. Ethereum ($ETH) has maintained good standing in the market and is currently trading 3.77% in the last 24 hours ago at $3,428.51. This recent performance however has come in conjunction with higher percentage gains in the other cryptocurrencies in the market with several other altcoins also recording high performances as seen in Ethereum. Technical indicators suggest Ethereum may continue its upward momentum. Notable is the…
Ben Armstrong, aka BitBoy, recently weighed in on the growing speculation within the XRP community about the SEC “calling an emergency settlement” in the ongoing Ripple lawsuit. This speculation coincided with the announcement that SEC Chairman Gary Gensler will resign from his position, with his resignation set to take effect on January 20, 2025. Among the ongoing enforcement actions Gensler oversees is the Ripple lawsuit, which has just entered the appeal phase. However, some XRP community members believe the appeal could be paused or dismissed now that Gensler’s departure is confirmed. BitBoy Comments on the Rumors In a recent live…
Popular crypto analyst Jason Pizzino says traders shouldn’t necessarily expect Bitcoin (BTC) to witness a significant pullback before its next leg up. In a new YouTube video, Pizzino tells his 335,000 subscribers that every time people expect a “final flush out” of weak hands before the BTC market explodes, Bitcoin tends to do the opposite. Referencing Bitcoin’s past half-year climb to an all-time high this March, the analyst estimates that Bitcoin’s current upward move could also last six months in total. Since it started last month, Pizzino says that means BTC could top out in February. In the past upward…
The upcoming series of token unlocks includes projects such as Optimism, Celestia, and dYdX, each of which intends to release a huge percentage of their tokens within the next few days. These upcoming token unlocks in the cryptocurrency market will be quite significant because several blockchain projects are about to release a large volume of tokens in the market. MAJOR UPCOMING TOKEN UNLOCKS #Optimism $OP #SelfChain $SLF #Celestia $TIA #MaverickProtocol $MAV #dYdX $DYDX #HookedProtocol $HOOK #TARSProtocol $TAI #Sui $SUI #Neutron $NTRN pic.twitter.com/G7Y2aA2N2f — PHOENIX – Crypto News & Analytics (@pnxgrp) October 30, 2024 Token unlocks usually have effects on the…
The soon-to-be 47th president of the United States, Donald John Trump, is already mapping out his economic dream team, and Federal Reserve Chair Jerome Powell is not part of it. Trump is reportedly looking to replace Powell when his term ends in 2026, and the name at the top of his list is Kevin Warsh. Warsh is a former Fed governor and Wall Street heavyweight, and he met with Trump this week at Mar-a-Lago. According to insiders, the plan would position Warsh as Treasury Secretary first, then move him into the Fed’s top spot. The arrangement isn’t final, but Warsh…
According to on-chain data analysis, retail demand increased by approximately 13% during this period. This level of growth mirrors patterns seen earlier in March 2024, when Bitcoin was approaching its last historical price high. As per the latest analysis shared by CryptoQuant, the recent spike in demand from retail investors—defined as those investing between $0 and $10,000—highlights a significant shift in market dynamics. The 30-day moving average of retail demand change has markedly improved, registering a 13% increase. The accompanying graph illustrates the strong correlation between retail demand and Bitcoin’s price trajectory, suggesting that the renewed interest from smaller investors…
Bitcoin SV emphasizes scalability and stability, aiming to process tens of thousands of transactions per second. Dogecoin’s appeal grows with its fun, meme-based origins and support from notable figures like Elon Musk. THORChain facilitates decentralized cross-chain asset swaps, ensuring users maintain custody of their assets. The world of innovative cryptocurrencies with Bitcoin SV, Dogecoin, THORChain, eCash, and Aave, each offering unique solutions from scalability and stability to fun community engagement, cross-chain liquidity, fast payments, and decentralized finance. These platforms not only redefine crypto transactions but also open the door to decentralized apps, secure asset swaps, and easy lending, presenting fresh…
The US Securities and Exchange Commission (SEC) achieved $8.2 billion in financial remedies during its 2024 fiscal year, marking a significant milestone despite fewer enforcement actions. The agency reported that it filed 583 cases this year, reflecting a 26% decrease compared to 2023. However, substantial financial penalties, particularly from high-profile cases like Terraform, drove remedies to record levels. Terraform Labs Responsible for 56% of SEC’s Enforcement Penalties The SEC’s enforcement report highlighted that the $4.5 billion penalty from Terraform Labs made up 56% of the year’s total financial remedies. This case, tied to the 2022 Terra/Luna collapse, resulted in the…
REI Network, a prominent platform for the development trend of the blockchain, has announced a strategic partnership with OwlX.ai, an AI-powered Web3 aggregator. This collaboration aims at revolutionizing the Web3 landscape. The partnership promises to create a seamless and efficient user experience while redefining Web3 projects’ operation. REI Network, a high-performance blockchain platform, has revealed the news through its X account. #REINetwork and @OwlX_ai are joining forces to revolutionize Web3! By combining REI Network’s high-performance blockchain with https://t.co/fmC2ndSJoB’s real-time media aggregation, we’ll enhance user experience and streamline task execution for Web3 projects. Together, we’re… pic.twitter.com/866VqpyOs8 — REI Network｜From #GXChain! (@GXChainGlobal)…