Author: NBTC
As noted by prominent commodity trader Peter Brandt, Bitcoin, the leading cryptocurrency by market capitalization, has so far struggled to pull away from gold. This is despite the fact that it has experienced a substantial increase in institutional adoption over the past year, with the success of Bitcoin ETFs being one of the biggest investment stories of 2024. Brandt described the fact that Bitcoin has failed to significantly outperform gold as “very surprising.” Last week, the Bitcoin-gold ratio declined to the lowest level since early November. It it is now down more than 19% from a local peak of 41…
Whale activity and AI-powered Kite integration drive strong institutional interest in AVAX. If AVAX holds the $25 support, analysts foresee a potential rebound toward $30. As Avalanche’s AI-Powered Layer 1 sparks whale interest in AVAX, the cryptocurrency is at a crucial turning point, with its price testing the $25 support level amid a surge in whale transactions and increased trading activity. The growing interest comes as the Avalanche ecosystem expands, particularly with the launch of Kite AI, the first AI-focused Layer 1 blockchain within the network. Whale Activity Signals Potential Rebound The latest 2024 record from a CNF update highlighted…
As Bitcoin mining grows more competitive and challenging, industry leaders are looking to cash in on AI data centers—but it’s no easy feat. At the Mining Disrupt conference in Fort Lauderdale, Florida this week, leading miners said navigating the shift to AI requires skill and care. “In the long-term, [AI] is a big trend,” Paul Li, CEO of mining technology provider Fog Hashing, said during a talk. “We cannot miss that. You [miners] need to go far this year, as the demand for compute power AI compute is huge.” In recent months, following the last halving which cut mining rewards…
Bitcoin’s connection to the Nasdaq QQQ ETF might be far greater than one would expect. The deeper correction for the digital gold could be around the corner, as Benjamin Cowen highlights historical market trends between two assets. The post_ETF launch movement and the trajectory of QQQ in 1999 could tell us something about the future of Bitcoin, too. QQQ initially launched at around $48-49 and rose to $120 within only 54 weeks. However, the asset’s struggle to hold above $100 caused a massive correction, which pushed it to the $80 range and even below it. The current structure of Bitcoin…
On March 25, Kadena blockchain welcomed its newest addition to its ecosystem: Bro-DEX, the first order-book Decentralized Exchange (DEX) built on its scalable layer-1 Proof-of-Work (PoW) network. The milestone, announced via its official X account, marks a significant step forward for the platform’s mission to deliver secure, scalable, and innovative blockchain solutions. With its unique fee structure eliminating maker fees and a departure from the Automated Market Maker (AMM) model, Bro-DEX is poised to redefine decentralized trading on Kadena. Let’s dive into what this means for the ecosystem, the technology behind it, and why it matters to the broader blockchain…
As market participants await the 2025 bull run, Dogecoin remains one of the top crypto assets on many people’s radar for potential success. Accordingly, analysts have made bold predictions about where DOGE could go this season. This article explores the potential worth of various tiers of Dogecoin holdings in the hypothetical scenario where the meme coin reaches lofty heights of $10 and $20. Worth of 10,000 DOGE if it Hits $10 and $20 At press time, Dogecoin is trading at $0.2479, a significant 24% discount from its higher price last week. At this price, accumulating 10,000 DOGE tokens would cost…
Standard Chartered analysts say Ethereum is going through a “midlife crisis,” with ETH struggling to hold around $2,000. Ethereum (ETH) has seemingly stuck in limbo as it’s giving away its value for free to layer-2 networks while struggling to keep investors interested. The world’s second-largest cryptocurrency by market capitalization has dropped 40% in the past three months, with Standard Chartered analysts now saying the network if facing “midlife crisis.” In an interview with the Financial Times, Standard Chartered’s head of digital assets research Geoff Kendrick said the network “gave away value for free” as with layer-2 networks Ethereum has “essentially…
Crypto payment gateway Alchemy Pay is teaming up with Sonic Labs to enable fiat on-ramps for Sonic’s native token S. Alchemy Pay (ACH) and Sonic Labs announced their strategic partnership via a press release published on Wednesday, March 26. In the announcement, the companies said they were joining forces to support S token’s global adoption. S is the native token of the high-performing Ethereum Virtual Machine blockchain Sonic, formerly Fantom. The integration will see the ramp solution provider add S to its suite of supported cryptocurrencies. With this, anyone around the world can use supported local fiat currencies to buy…
H.C. Wainwright & Co. analyst Mike Colonnese has added Bitfarms stock to the firm’s top picks in the Bitcoin mining sector for 2025, citing strong operational improvements and a shift toward high-performance computing and AI infrastructure. In a research note following Bitfarms’ Q4 2024 earnings report and conference call, Colonnese said the market is “significantly undervaluing” the company’s scaled-up mining operations and emerging AI strategy. H.C. Wainwright reiterated its Buy rating on Bitfarms with a $3.50 per share price target, implying upside potential of more than three times from its current price of around $0.98. Q4 recap Bitfarms reported on…
Bitcoin and the broader crypto market show signs of uncertainty at the start of the week. The past few weeks have seen Bitcoin and the broader crypto market unable to establish a clear direction, and the leading digital asset’s price action at the start of this week suggests more of the same. In this article, The Crypto Basic takes a look at what is driving this uncertainty. Trump Game During Asian trading hours on Monday, February 10, the Bitcoin market continued to show signs of uncertainty after falling 1.2% from an opening price of around $96,500 to lows of $95,300,…