Author: NBTC
This is a segment from the Empire newsletter. To read full editions, subscribe. There have been, quite frankly, a lot of predictions floating around, which is to be expected. It’s hard to filter through the noise to pull out ones that are either fun to pay attention to, or have the highest odds of success. On Empire this week, Jason Yanowitz and Santiago Santos recapped their predictions over the last couple of years and gave some forward-looking ones, including a bitcoin price target. Let’s start with the price target: $150k sometime this year. Not necessarily the biggest prediction, given that…
Render (RENDER), EarthMeta (EMT), OCAI ($OCAI), and GTRX ($GTRX) demonstrate promising patterns in altcoin and NFT synergy. These altcoins prioritize revolutionary and unparalleled solutions in their respective niches, driving innovative advancements. NFTs powered by these platforms highlight the profitability and adaptability of emerging blockchain technologies. The latest trends show that altcoins have great potential, such as Render (RENDER) EarthMeta (EMT) OCAI ($OCAI) and GTRX ($GTRX). These digital assets, when paired with an inclusive facilitation of exceptional and innovative NFT technologies, present a portrait of a ground that is rife with revolutionary promise. Both these altcoins have strong historical performance indicative…
The Czech Republic will exempt Bitcoin and other digital assets from capital gains tax for holdings kept longer than three years, following President Petr Pavel’s signing of new legislation that aligns crypto taxation with traditional securities. 🇨🇿 CZECH PRESIDENT SIGNS LAW ELIMINATING CAPITAL GAINS TAX ON #BITCOIN HELD OVER 3 YEARS HUGE WIN FOR CZECH REPUBLIC 🚀 pic.twitter.com/LSvIm0jdze — The Bitcoin Conference (@TheBitcoinConf) February 6, 2025 The law removes tax disadvantages for digital assets by introducing a personal income tax exemption for individuals on crypto profits after a three-year holding period. The exemption applies only to non-business activities. “The amendment…
The opening of a new trend seems likely for Ethereum which shows signs of a breakout formation around $2,920. The failure to escape might force Ethereum into another support zone evaluation between $2,680 and $2,600 that might extend existing price stagnation. The upcoming Ethereum direction depends on wedge-breakout results because positive momentum would support recovery yet persistent rejection may cause additional market decline. The falling wedge pattern on the Ethereum hourly chart indicates a possible bullish signal which traders interpret as a positive reversal pattern. Prices are actively moving between the descending trends that pattern the contraction of support and…
Whales have bought 1 billion XRP worth $2 billion, showcasing confidence in Ripple’s network despite market fluctuations. XRP wallets have increased by 58,000 in 2024, reflecting steady adoption and user growth in the cryptocurrency market. XRP charts signal a potential breakout with key resistance at $2.50 and support levels at $2.20 and $2.00. Recent data from Santiment, highlighted by crypto analyst Ali Martinez, reveals that whales have purchased approximately 1 billion XRP tokens, valued at over $2 billion. This surge in whale activity follows a price dip from a local peak of $2.90, showcasing significant interest from major investors despite…
Tornado Cash developer Alexey Pertsev will be released from prison on Friday, ending his pretrial detention ahead of his attempt to appeal his conviction last year on money laundering charges. The Netherlands resident, who has been in detention since 2022, is in the process of appealing his conviction on money laundering charges in connection with his work on developing Tornado Cash, a coin-mixing service used to mask the flow of Ethereum transactions. A Dutch court handed down a 64-month prison sentence to Pertsev in May 2024. Judith de Boer, Pertsev’s appeals lawyer, confirmed to Decrypt that Pertsev’s release is imminent.…
Bitcoin’s bullish momentum is gaining momentum as investors eye a return to $109,000 as Donald Trump takes office and expectations of a resurgence in spot Bitcoin exchange-traded funds (ETFs) grow. Bitcoin Investors Target $109K as Trump Inauguration Sparks Optimism, ETFs See Record Inflows The cryptocurrency has surged 10% in the past week, climbing above $102,000 on Monday and recouping almost all of its losses from the December crash. Bitcoin had fallen from a peak of $109,000 on Dec. 17 to a low of $92,000 on Dec. 30, temporarily raising concerns of a deeper correction. According to SoSoValue data, $987 million…
Cryptocurrency analytics firm Alphractal has indicated a shift in market sentiment, noting a decline in risk appetite for major digital assets such as Bitcoin (BTC) and Ethereum (ETH). In its latest report, the firm warns that Ethereum in particular is showing signs of high volatility. Alphractal’s proprietary Normalized Risk Metric (NRM) for Ethereum currently stands at 0.38, a level that has historically been associated with increased market turbulence. The firm points to past examples in 2019 and 2020 where similar NRM levels preceded strong price swings, both bullish surges and deep corrections. For example, the NRM scale works like this:…
Ripple’s CTO David Schwartz recently shared some thoughts on the company’s media strategy during its three-year legal battle with the Securities and Exchange Commission. The case ended with Ripple getting a partial victory, after they argued that XRP, the cryptocurrency associated with Ripple, should not be classed as a security. The court concluded that XRP is not a security, but the crypto company was fined for selling coins to institutional clients. This clarified the asset’s status, which has big implications for both the San Francisco-based company and the wider crypto market. Schwartz talked about the challenges Ripple faced in dealing…
Ethereum (ETH) endured a turbulent week, plunging to a massive low of $2,065 amid geopolitical trade war tensions before rebounding as investors capitalized on discounted prices, currently down 2.1% over the last day. Trade War Fears Rock ETH Ethereum opened the week at $3,200-$3,400 but crashed to a significant low of $2,065 on Feb. 3 as U.S. trade tariffs triggered a crypto-wide selloff. Prices rebounded sharply to $2,780 by Feb. 4, driven by whale accumulation and record ether exchange-traded fund (ETF) volumes totaling $1.5 billion. Despite the recovery, ETH remains 10% below its January close, reflecting persistent macroeconomic uncertainty. ETH…