Author: NBTC

Ethereum has struggled to gain much momentum in recent months while Bitcoin has soared, breaking its all-time price record multiple times in early November—including once more on Friday afternoon. However, the second-largest crypto by market cap finally managed to breach the $3,000 threshold early Saturday for the first time since August 2, peaking out at $3,056. Breaking that mark for only the second time this year, Ethereum had fallen to as low as $2,375 on the eve of Election Day. Yet, with President-elect Donald Trump’s favorable stance on digital assets boosting the broader market, Ethereum’s price is beginning to rise…

Bitcoin’s price is on the verge of creating a new all-time high following the significant rally in the past few days. However, the asset has faced some initial resistance and is yet to break above the March peak. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has begun a rally since its rebound from the $52K support level. Over the past few weeks, it has broken above the 200-day moving average, located around the $64K level and the $69K resistance zone. Currently, BTC is testing the $74K resistance zone, which is also its…

ETH jumps to highest since Aug. 2. Hopes for regulatory relief under the Trump presidency and Fed rate cuts galvanize demand for ETH. When a beleaguered asset is met with a burst of good news, it can unleash powerful bullish momentum, often outshining the broader market. Ethereum’s native token, Ether (ETH), is experiencing this phenomenon following pro-crypto Donald Trump’s victory in the U.S. election and the Fed rate cut earlier this week. ETH, the world’s second-largest cryptocurrency by market value, surged past $3,000 on Saturday, reaching the highest since Aug. 2, according to CoinDesk data. Prices have risen 23.39% this…

LayerZero has been selected as the interoperability provider for BitGo Wrapped Bitcoin (WBTC) to expand its cross-chain capabilities. LayerZero’s selection highlights the network’s growing influence in the blockchain space and has seen its native token ZRO bounce off a major support level on its price chart. With LayerZero as the official interoperability provider, BitGo will expand its tokenized wrapped bitcoin (WBTC) product to Avalanche and BNB Chain. Using LayerZero’s Omnichain Fungible Token (OFT) standard, BitGo aims to facilitate the seamless and cost-effective transfer of WBTC across these networks. The OFT standard, widely adopted by over 100 protocols including Ethena, Ether.fi,…

Ripple CEO Brad Garlinghouse has hit back at skeptics after pro-crypto candidates emerged as winners in the ongoing US elections. The notable crypto industry leader didn’t hold back in his latest tweet after crypto-friendly candidates secured victory in the US elections. In an X update today, Garlinghouse taunted critics who doubted the election of pro-crypto candidates, noting that “the crypto voter is here to stay.” Notably, the November 5 elections were seen as the first crypto election, following the involvement of GOP candidate Donald Trump and other candidates in the US House and Senate. Trump and other candidates actively supported…

An interesting event for cryptanalysts and enthusiasts has emerged concerning a great accumulation in the BTC market. A prominent Bitcoin holder, ‘whale,’ has purchased 2,000 Bitcoins within two weeks. This buy was worth approximately $144.82 million and showed a whale’s high expectations for Bitcoin despite continuing volatility. A whale accumulated another 600 $BTC($43.33M) 2 hours ago.The whale has accumulated 2,000 $BTC($144.82M) in the past 2 weeks, with an unrealized profit of $6.3M!Address:bc1quyzu5xj0m4nczlfa0njzfgf8z0t7spsfz28ly5cn6v8w8mk4ra5s07ypfr pic.twitter.com/zvTyZwFVDZ — Lookonchain (@lookonchain) October 30, 2024 Recent BTC Whale Activity As per the latest report from Lookonchain, this particular whale with wallet address bc1qyuz…7ypfr became actively engaged…

Analyst Cowen sees signs of a potential ETH/BTC bottom, with support from key technical levels and market timing indicators. Cowen remains cautiously optimistic, estimating a 60/40 chance that ETH/BTC has bottomed but warns of possible dips by year-end. Ethereum could outperform in 2025, as Cowen anticipates ETH/BTC gains. He recently doubled his ETH by timing his BTC-to-ETH conversion. Cryptocurrency analyst Benjamin Cowen sees ETH/BTC getting close to a low point. Bitcoin’s market domination is close to the 0.618 Fibonacci retracement level, while Ethereum recently closed above its 50-day Simple Moving Average which is a possibility of strength. ETH/BTC reaching a…

Bitcoin (BTC) supporter Donald Trump has declared victory and announced that he is the 47th US president. After Trump won the highly contested presidential race, all eyes turned to SEC Chairman Gary Gensler. Because Trump promised to fire the SEC Chairman as soon as he took office. While Trump did not mention Bitcoin and cryptocurrencies at all in his first speech, there is curiosity in the crypto sector whether Trump will dismiss Gensler. Tron Founder Justin Sun Offers Job to Gary Gensler! While the industry was waiting for Gensler to be removed from office, Tron (TRX) founder Justin Sun, who…

Bitcoin’s dominance nears 60%, marking 800 days of sustained growth in market share. A drop below the 57% level could signal an altcoin resurgence against Bitcoin. Current trends show strong investor preference for Bitcoin over altcoins. The BTC.D index depicting the market dominance of bitcoins preserves a bullish run, for almost 800 days. At the time of writing this score floats in the area of 60% which indicates dominance of Bitcoin in the market of cryptocurrencies. Pundits are expecting the index to possibly drop sometime soon to give the altcoins a fighting chance to push Bitcoin down. Key Thresholds and…

Ethereum, the second largest cryptocurrency by market capitalization, surpassed the $3,000 mark in today’s trading session, capping three days of gains. At the time of writing, ETH was up 4.46% in the last 24 hours to $3,051 after reaching intraday highs of $3,061. The gain comes as Bitcoin hits another all-time high, reaching $77,312 in Friday’s trading session. Notably, Ethereum outperforms Bitcoin in daily and weekly gains, which are 5% and 22%, respectively, compared to Bitcoin’s 1% and 10% advances during the same span. As Ethereum gains traction in the market, not everyone is fully convinced of a continued rally.…