Author: NBTC
Ethereum appears ready for a major move, with analysts watching closely for a breakout above $4,000—a key level for further gains. Ali Martinez predicts that if Ethereum breaks through resistance, it might climb to $7,400, $10,000, or even $14,000. The price currently hovers around $2,705.34, reflecting a 2.36% drop in the last 24 hours. Support is found at $1,850, while resistance at $4,000 stands as a major barrier. The price action suggests a period of consolidation, setting the stage for a sharp move that could change the market outlook. Key Support and Resistance Levels Ethereum has been moving within a…
Metaplanet’s move to a Bitcoin standard in April 2024 has propelled its stock into Japan’s top 50 by trading volume, CEO Simon Gerovich says. Japanese firm Metaplanet saw its market cap jump 7,000% after adopting the Bitcoin (BTC) Standard in April 2024. Metaplanet chief executive Simon Gerovich noted in an X post on Feb. 4 that the Tokyo-listed firm is now ranked “among the top 50 in terms of trading volume” among the approximately 4,000 listed companies in Japan. He also noted that “high liquidity” the company is currently facing represents a “sign of investor interest and also leads to…
Pi Network users must migrate their referral teams before January 31, 2025, or risk losing bonus Pi. A countdown timer and educational resources are available to help users complete the transition on time. Pi Network has deployed a countdown timer to inform the customers on its platform that the time is nearing for the members of the referral team to have to be shifted to the mainnet. The timer highlights the urgency of completing the transition before the grace period ends on January 31, 2025. How the Migration Deadline Affects Your Bonus Pi Earnings Users who fail to migrate their…
Russia’s main federal investigating authority is proposing new legislation for Bitcoin that could potentially criminalize its transfer through third parties. Russia’s Investigative Committee has put forward a proposal that could potentially affect the country’s cryptocurrency market. In early February, the agency’s Chairman Alexander Bastrykin announced during an extended board meeting that the committee had proposed to legally recognize cryptocurrency as property, Russian news outlet Interfax reports. He also suggested criminal liability for transferring electronic payment instruments to third parties. Russian legal experts interviewed by crypto.news divided on whether cryptocurrency falls under this term. But one thing is clear: if approved,…
The world’s largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations. In December 2024, the volume of BTC acquired through Spot Bitcoin ETFs more than tripled the amount mined during that same month, underscoring the severe imbalance between supply and demand. Spot Bitcoin ETFs Trigger Supply Shock Risks In December 2024, US Spot Bitcoin ETFs purchased an astonishing 51,500 BTC. On the other hand, BTC miners produced only 13,850 coins during the same period, according to data from Blockchain.com. This indicates that…
Non-fungible token (NFT) analytics reveal that NFT sales faltered in early February, with $119.49 million recorded during the first week of the month—a 33.73% contraction compared to the preceding seven-day stretch. Digital Collectible Buyers and Sellers Slide Significantly Data sourced from cryptoslam.io illustrates a pronounced cooling in the digital collectibles arena. Weekly figures slumped to $119.49 million, accompanied by a 95.33% reduction in buyers and a 94.06% decline in sellers. NFT transaction volume remained relatively stable, however, with 1.44 million NFT transfers logged—a slight 1.35% dip from January’s final week. Ethereum-based NFTs weathered the sharpest downturn, sliding 38.41% to $62.71…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Ethereum is down -3.17% today against the US Dollar ETH/BTC decreased by -3.32% today Ethereum is currently trading 7.98% below our prediction on Feb 12, 2025 Ethereum dropped -19.33% in the last month and is up 11.41% since 1 year ago ETH price is expected…
As is known, the FED has reduced interest rates for three consecutive months in the interest rate reduction cycle that started in September. The Fed, which cut interest rates by 50 bp in September and 25 bp in November and December, left interest rates unchanged in January and paused the rate-cutting cycle. While this raises the question of whether interest rate cuts are over, Richmond Fed President Thomas Barkin said in an interview that the Fed is still inclined to cut interest rates this year. Speaking to Bloomberg, Barkin said that while the Fed left interest rates steady in January,…
With crypto-friendly leadership emerging within the SEC and Congress, crypto legislation is expected to take a more favorable turn in 2025. The approval of spot XRP and Solana ETFs could be one of the first signs of this new era, leading to more relaxed regulatory environments for digital assets and even further mainstream adoption. The market is on the brink of what could be a defining year for crypto, with ETF approvals setting the stage for major price movements and institutional participation. XRP, in particular, stands to benefit from these developments, making it one of the most exciting assets to…
Lightspark CEO David Marcus has described President Donald Trump’s cryptocurrency plan as “a brand new day for crypto in America.” In an interview, Marcus stressed the need for a more welcoming regulatory climate and spoke about the potential of the Trump administration’s crypto stockpile program. “I think there’s just a lot more opportunity for growth and appreciation of bitcoin than gold in the next couple of decades, so I think it’s a wise decision potentially,” says @davidmarcus on creating a strategic bitcoin reserve:https://t.co/4M8F7lwWig — Squawk Box (@SquawkCNBC) February 6, 2025 Related: Trump’s Bitcoin Stockpile Plan: U.S. Reserve Could Hold 1…