Author: NBTC
Ethereum continues to face pressure following its rejection from the $2,100 region, with the price now breaking below key support levels and testing lower demand zones. Technical Analysis By Edris Derakhshi The Daily Chart On the daily timeframe, ETH remains firmly in a bearish structure, consistently printing lower highs and lower lows. The rejection from the $2,200 region and a subsequent breakdown below $1,900 has re-established bearish momentum, with the price now heading toward the next major demand zone around $1,600. The 200-day moving average also trends slightly downward and sits far above price action, reinforcing long-term bearish bias. Moreover,…
Bitcoin or gold? Or Bitcoin and gold? Investors are weighing where to put their money in times of uncertainty—and no time is more uncertain than now. President Donald Trump’s tariffs—or threats of tariffs—have rocked markets, making “risk-on” assets like crypto less appealing. The price of gold hit a new high Monday, while Bitcoin dropped below $93,000, down about 14% from its all-time high price set on January 20. Bitcoin’s correlation to the precious metal is down significantly as investors flock to more traditional safe haven assets, experts told Decrypt. Bitcoin proponents have long claimed that the cryptocurrency’s unique selling point…
After a long wait, Berachain (BERA) officially announced the details of its highly anticipated airdrop. The announcement, made via the project’s official X account, confirms that the tokens will be available to claim starting February 6, 2025. Users will be able to claim their allocation using a variety of EVM-compatible wallets, including Metamask and OKX Wallet. As one of the final steps in the BERA token launch sequence, the Berachain Foundation was officially announced last week. The BERA token distribution includes an airdrop of 15.75% of the total supply dedicated to various segments of the Berachain community. This initiative aims…
Ethereum’s price fell below the $1,810 mark recently as increasing bearish pressure emerged across the crypto market. Current technical and on-chain indicators reflect a cautious investor stance. Trading activity shows signs of declining, consistent spot outflows continue, and weak momentum metrics signal a possible continuation of the downward trend. According to recent market data, Ethereum’s funding rates across major exchanges shifted into negative territory. This suggests many derivatives traders currently avoid high-risk leveraged long positions on ETH. Historical patterns observed between ETH funding rates and subsequent price action often show a strong correlation. Source: CryptoQuant How Have Past Indicators Predicted…
Centrifuge, a prominent platform for unlocking on-chain finance for investors, has announced a governance proposal CP141 seeking approval to develop Centrifuge V3. V3 is an EVM-based protocol designed to advance the real-world asset (RWA) market. The upgrade will introduce key features such as modular fund infrastructure, chain abstraction, and enhanced composability with decentralized finance (DeFi). New governance proposal CP141: Development of Centrifuge V3, a multi-chain, EVM based protocolThis proposal seeks governance approval to initiate the development of Centrifuge V3, an EVM-based protocol, to drive the next phase of growth for the RWA market. Built as a… pic.twitter.com/Z3COlStwKq — Centrifuge (@centrifuge)…
Ethereum Price in Freefall: 2025’s Brutal Reality Check The crypto market has been bleeding red over the past few weeks, with total market capitalization plunging more than 20%. While Bitcoin made headlines by briefly touching an all-time high of $109,000 before violently retracing to around $81,000. BTC/USD 1-day chart – TradingView Ethereum’s price performance in 2025 has been nothing short of disastrous. ETH has crashed by more than 50% since the beginning of the year, plummeting from December 2024’s high of $4,000 to the current price of just $1,820. This dramatic fall has left many Ethereum believers questioning their investment…
On-chain data reveal a significant decline in Bitcoin (BTC) network activity, reaching a new one-year low. Daily transactions have dropped from an all-time high of 734,000 in September 2024 to 346,000, representing a 53% drop. The CryptoQuant Bitcoin Network Activity Index now stands at 3,760, the lowest it has been since February 2024. According to the index, overall Bitcoin network activity has declined by 15% since it peaked in November 2024, and its current level at 3760 is the lowest it has been in a year. Daily transactions have also more than halved, a decline that could signal a potential…
Crypto markets are rattled, but one major asset is bleeding particularly hard on Wednesday: XRP. The fourth-biggest cryptocurrency by market cap is right now the biggest loser out of the top 10 coins and tokens, having dropped by nearly 11% in 24 hours, according to CoinGecko. Its price currently stands at $2.41. Zooming out further, the Ripple-linked XRP has shed 21% of its value over a seven-day period. It’s tied with Dogecoin for the biggest loss among the top 10 coins during that span. And open interest for the coin now stands at a monthly low of $3.52 billion worth…
Ethereum price has fallen below the critical $1,800 support level. The price fell to an intraday low of $1,754, as the market kept looking at major support and resistance levels. Analysts believe that the ETH price direction would depend on whether it will continue consolidating or retrace lower. Ethereum Price Tests Key Support at $1,762 Ethereum price trend over the past few days shows a series of bearish candles, reflecting a 12% decline. Price action has bounced on the S1 pivot support at $1,762 which is a very critical zone in which the price has previously rebound. Analysts highlight that…
This is a segment from The Drop newsletter. To read full editions, subscribe. The shooter game Off The Grid has faced some disapproval — and some praise — over a purported confidential letter. The letter in question was reportedly emailed to Gunzilla Games’ private investors in regard to its GUN token that became tradeable on Binance this week. GUN launched on Monday and hit a $68 million market cap within hours of launch, but that number has since fallen to $40 million. The letter references a SAFT, or a Simple Agreement for Future Tokens, that means investors gave the company…