Author: NBTC
As Ethereum falls below $2,400 and trades under the 200-day EMA, technical analysis warns of a potential correction to $2,200. With Bitcoin dropping back below the $103,000 mark, Ethereum is now trading at $2,400. As the broader market correction gains momentum, Ethereum faces the risk of a deeper decline toward the $2,200 level. Ethereum Price Analysis On the daily chart, Ethereum’s price action shows a bullish breakout from a falling channel pattern, completing a rounding bottom formation. The neckline of this bullish pattern aligns with the 50% Fibonacci retracement level near $2,700. However, the failure to break above the neckline…
Crypto investment products brought in $785 million in inflows last week, pushing year-to-date totals to $7.5 billion and marking a full recovery from the nearly $7 billion withdrawn during February and March’s market correction. The rebound was led by U.S.-based investors, who contributed $681 million, followed by $86.3 million from Germany and $24.2 million from Hong Kong. The latter saw its largest inflow since November 2024, according to CoinShares’ latest Digital Asset Fund flows report. Bitcoin BTC$102,268.98 products attracted the lion’s share of last week’s inflows at $557 million. That’s a step down from the previous week and comes as…
RIZE, the native token of the RWA tokenization project T-RIZE, saw a steep price drop just a day after going live on major exchanges. According to CoinGecko, RIZE plunged nearly 48% in 24 hours, trading around $0.046 as of May 16 morning Asian time. The price action follows just a day after RIZE secured a listing on tier-1 centralized exchange Kraken on May 15, 15:00 UTC, coinciding with its Token Generation Event (TGE) and mainnet launch. The token was launched on the Base blockchain, an Ethereum Layer 2 network developed by Coinbase. Alongside Kraken, the token also secured a listing…
⚈ Bitcoin formed rare weekly bullish MACD and Ichimoku crosses, signaling a possible breakout.⚈ Past signals like these led to 100% to 195% gains in previous rallies.⚈ A 100.73% surge could push Bitcoin to $150,000 if momentum continues. On April 14, Bitcoin (BTC) printed a bullish 1-week moving average convergence/divergence (MACD) cross, in tandem with an Ichimoku bullish cross, which could signal the start of a rally to $150,000, per a May 5 TradingView post from renowned chart expert TradingShot. The former marks the first such instance that has happened in 7 months, since mid-October of 2024 — the latter…
Dynamic NFTs on XRP Ledger are near approval, enabling post-mint updates with just one vote left. Multiple upgrades are underway, but debates grow over priorities like XChainBridge and restricted domain tools. The XRP Ledger is seeing significant changes, as there are currently four upgrades pending approval using the system’s process for amendments. Such adjustments come after the platform’s consensus method uses amendments and has them take effect whenever they get over 80% support from the validators for two weeks running. Once they get approval, the upgrades are permanent and apply to subsequent ledger iterations. Of these upgrades, dynamic NFTs seem…
A key crypto bill has opened a rift among Senate Democrats as another big test approaches for the viability of legislation to regulate stablecoin issuers. Most expect the bill to clear a significant procedural vote on Monday night, but Democrats are split. The Senate’s most prominent crypto critic, Massachusetts Democrat Elizabeth Warren, is leading a faction trying to dig in their heels on the bill, raising objections that include national security threats, consumer hazards and the corruption of a White House that’s conflicted because of President Donald Trump’s own digital assets business interests. The other group, including Senator Kirsten Gillibrand,…
Bitwise CEO Hunter Horsley has again highlighted Bitcoin scarcity, stressing that it is the rarest of all assets established as a store of value. Bitcoin’s scarce property has been a defining factor in its rise to global adoption. It has also been a premise at which enthusiasts stress the intrinsic and long-term viability of the pioneering cryptocurrency. Hunter Horsley, the CEO of Bitwise and a Bitcoin maximalist, highlighted this sparing characteristic in a Monday tweet. He branded the crypto leader the “scarcest store of value in the world,” stressing its superiority to traditional value hedges like gold. Bitcoin’s Scarce: Horsley…
Ethereum price dropped on Monday as risk-off sentiment continued in the crypto and stock markets, and after a whale capitulated at a significant loss. Ethereum (ETH) fell to $2,400 on Monday, down from this month’s high of $2,732. The decline wiped out $35 billion in market capitalization, which dropped from $325 billion on May 14 to $289 billion. ETH retreated after a large holder capitulated. According to Lookonchain, the whale withdrew 7,000 ETH worth $16.8 million at a loss. Previously, the same address had withdrawn 13,479 ETH worth $48.82 million between Dec. 5 and Jan. 13. The whale still holds…
Wei Dai, a cryptocurrency pioneer known for designing the b-money system, a precursor to bitcoin, criticized the current level of crypto adoption for payments. Dai highlighted that even with the shortcomings of fiat payments, crypto has not managed to make a significant impact in this field. B-Money Pioneer Wei Dai Laments State of Crypto Adoption for Payments One of the use cases of crypto, retail payments, has failed to develop, and analysts are now examining the reasons behind this. Wei Dai, a well-known crypto pioneer, has heavily criticized the performance of crypto in this field, stressing that even with the…
With ESG funds projected to reach $50 trillion by 2030, VeChain’s technology enables the tracking of CO₂ emissions, supply chain security, and regulatory compliance. By offering a cryptographically secure and public ledger, VeChain provides verifiable supply chain and emissions data to ESG managers and climate investors. VeChain has emerged as a top blockchain solution provider, offering confirmation for sustainable finances within the ESG investment world. With ESG funds growing quickly and expected to reach $50 trillion by 2030, having reliable and target=”_blank” rel=”nofollow noopener”>Sebastian stated. He added, “VeChain answers not with slides, but with public, sealed data.” Crypto Tokens In…