Author: NBTC
Despite tariff fears having an outsized impact on AI tokens, Bittensor’s subnet ecosystem is posting impressive returns. In two months, its subnet tokens’ market cap grew from $4 million to over $200 million. The total number of subnets has tripled in the last year, and community enthusiasm could fuel further growth. Each one can improve Bittensor’s machine-learning capabilities, potentially creating further gains. Bittensor Network Grows Thanks to Subnets Bittensor, a decentralized AI learning network, has been going through a few changes lately. It became the biggest AI cryptoasset last December and rallied again after a Coinbase listing. Although its token…
John Bollinger, one of the most prominent traders, claims that Bitcoin might be in the process of bottoming out. The Bollinger Bands tool, which was invented by the famed technical analyst, shows that Bitcoin is currently in the process of forming a W bottoming pattern that typically indicates a bullish reversal. Classic Bollinger Band W bottom setting up in $BTCUSD. Sill needs confirmation.https://t.co/v1qfBbEoDVRemember: The fraudsters are legion. I will never ask you for anything. #BollingerBands #btc — John Bollinger (@bbands) April 10, 2025 W-bottoms form when prices log a higher low and touch the lower band. That said, the chartist…
Ethereum price slips under $1,500 amid rising bearish pressure. Will it plunge toward the critical $1,000 level? The crypto market has experienced $1.38 billion in liquidations over the past 24 hours, with the altcoin market (excluding Bitcoin) dropping 12%. The total market capitalization currently stands at $869.1 billion, with the largest altcoin, Ethereum, falling below the $1,500 mark. As bearish sentiment grows, will Ethereum’s price trend move towards the $1,000 support? Let’s explore. Ethereum Price Falls Under $1,500 On the daily chart, Ethereum’s price is following a falling channel pattern. Currently, the sudden reversal from an intermediate resistance trendline is…
Ripple today announced the acquisition of Hidden Road for $1.25 billion, one of the largest deals in the digital asset industry. Ripple’s acquisition makes it the first cryptocurrency company to own and operate a global, multi-asset prime broker. Ripple CEO Brad Garlinghouse reacted to the historic move with a tweet, calling it “one of the largest deals ever in the crypto space.” Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for…
Stablecoins are gaining significant traction across Asia as regulators and financial institutions embrace these blockchain-based assets, industry leaders said at Hong Kong’s Web3 Festival this week. While the United States moves toward legislation on stablecoins, Asian markets are developing their own frameworks with Hong Kong at the forefront of regulatory innovation. Market Expansion Beyond USD Dominance The global stablecoin market has reached $220 billion in value, surpassing pre-Terra collapse levels, JD.com Vice President and Chief Economist Shen Jianguang told attendees. Monthly transactions now exceed 700 billion USD, with volume already surpassing traditional payment networks like Visa and Mastercard. JD.com, one…
Bit Digital, Inc. has secured a lease-to-own agreement for a 202,000-square-foot site in Saint-Jérôme, Québec, to develop a Tier 3 data center supporting its 5MW colocation contract with artificial intelligence (AI) infrastructure firm Cerebras Systems. Cerebras, Bit Digital Partner on Tier 3 Data Center Near Montréal The publicly listed bitcoin mining entity Bit Digital (Nasdaq: BTBT) disclosed that the facility, set to go live by July 2025, will cost approximately CAD $55 million ($40 million USD) to retrofit. The 7.7-acre property, dubbed MTL-3, will initially deliver contracted capacity under a 20-year lease with two 5-year extension options. Bit Digital’s subsidiary…
The trade war initiated by Trump has rattled global markets, and Jack Mallers, the CEO of Strike, posits that bitcoin stands poised to “go nuclear” when additional fiat currency enters circulation. Mallers: Debasement of Currency Will Propel Bitcoin to Unprecedented Heights Major stock indexes slumped between 2.81% and 5.04% on Thursday in the wake of Wednesday’s afternoon rally. The crypto sector retreated by 3.54%, with bitcoin ( BTC) trading below the $80,000 threshold. Simultaneously, gold gained 2.58% over the past 24 hours, rising to $3,164 per ounce by 2:30 p.m. Eastern Time. In a recent video, Strike CEO Jack Mallers…
Ethereum (ETH) plunged over 14% in 24 hours Monday, breaking below critical support zones to trade near $1,541 as a broader crypto market sell-off intensified, reportedly taking Bitcoin below $76,000. What Role Did the $106M Whale Liquidation Play? Adding pressure to the decline, on-chain data platform Lookonchain reported a major whale liquidation. An address holding 67,570 ETH (worth ~$106 million at the time) on the Maker lending protocol was liquidated, likely amplifying the downward momentum. As $ETH plummeted, the 67,570 $ETH($106M) held by this whale on #Maker was liquidated!https://t.co/kXSkKh1H0P pic.twitter.com/IDjzbQ8P3z — Lookonchain (@lookonchain) April 7, 2025 Does Exploding Volume Signal…
Eric Anziani, crypto.com’s COO and President, took the main stage during the ongoing Paris Blockchain Week conference, and spoke about the company’s progress in the past few years, the massive marketing deals, as well as the crypto adoption curve. He believes that the decade-long saying ‘institutions are coming’ to the industry will finally materialize during the current cycle. He added that the most significant catalyst for their arrival was the launch of Bitcoin and then Ethereum ETFs in the United States, as these financial products opened the door for regulated entities to enter the market. The BTC ETFs indeed saw…
Investors demonstrate strong belief in decentralized finances as Bitcoin holds its position above $80K during market movement. An 18.9% single-day plunge of the VIX became the biggest stochastic drop in history because investors showed growing interest in risk-taking after market fear subsided. The current Bitcoin market sees price levels under $100K as entry points for investors to purchase Bitcoin while they reevaluate previous resistance strength as potential entry points. In a week marked by financial headlines, two major events have caught the attention of global markets: a record-breaking drop in U.S. stock market volatility and Bitcoin’s steady position above the…