Author: NBTC
Ethereum shows bearish signals below $3,500 as the Adam & Eve pattern fails. Can Ethereum hold its support levels at $3,392 or $3,244? As Bitcoin fluctuates under the $100,000 mark, Ethereum shows signs of weakness in its bullish trend. Will the biggest altcoin in the market face an extended pullback heading into 2025? ETH price Analysis As our previous Ethereum Price Analysis mentioned, the reversal from the 100-day EMA challenged the $3,500 resistance level. The short-term rounding-bottom reversal, forming the Adam and Eve pattern, has now entered a consolidation range. The neckline of this bullish pattern coincided with the $3,500…
Economists at Paidenreiger Asset Management predict significant changes in the U.S. economy by the end of 2025, including a potential rise in unemployment and a sharper-than-expected cut in interest rates by the Fed. In the latest economic outlook report, economists predict that core inflation, a key measure closely watched by the Fed, could fall below its 2% target at some point in 2025. But this improvement in inflation is expected to coincide with an increase in the unemployment rate, which is projected to rise to 4.4% or higher by the end of 2025. With inflation falling and unemployment rising, the…
Arbitrum price has gained by more than 80% in the past 30 days, becoming one of the altcoins to record notable gains as Bitcoin (BTC) smashed the $100,000 barrier. The ARB price reached a high of $1.23 on December 6, the highest level for the cryptocurrency since May. Gains over the past week currently stand at over 14%, while daily trading volume has increased nearly 8% to more than $699 million. What next for Arbitrum price? While the ARB token has pared some of the gains with a 24-hour slip of about 5%, Mechanism Capital partner Andrew Kang says Arbitrum…
Unmarshal, a well-known multi-chain data ecosystem, has recently forged a strategic partnership with HyperGPT. The collaboration targets to establish a platform that merges the blockchain and AI technologies to offer advanced Web3 solutions. Unmarshal claims that this development promises a cutting-edge interaction between data, AI, and decentralized systems. In this way, this project contributes to the swiftly evolving digital sector. 📢 Partnership Announcement 📢We’re thrilled to welcome @hypergpt to the Unmarshal ecosystem!Together, we’re pushing the boundaries of Web3 by merging the power of AI innovation with multi-chain data accessibility. 🧵⤵️ pic.twitter.com/0YVXmM7s5e — Unmarshal 2.0 | Mainnet⌛️ (@UnmarshalAI) December 27, 2024…
The leading cryptocurrency Bitcoin (BTC) reached the $100,000 mark in its rise that started after Donald Trump’s victory. However, BTC, which failed to surpass this critical level, experienced a pullback to $90,000 levels last week. BTC recovered after this decline and rose to $96,000 levels again. While almost the entire market expects Bitcoin to surpass $100,000 before the end of 2024, 10X Research founder Markus Thielen predicted that the price could rise even higher. Thielen said that Bitcoin exchange balances have reached historic lows, indicating further upward pressure on the price. Markus Thielen noted in a recent report that Bitcoin…
Ethereum (ETH) has been a persistent laggard this year, failing to catch up with other major cryptocurrencies. However, if history is any guide, it might finally shine in 2022. The altcoin tends to record significant gains during the year that comes right after a quadrennial Bitcoin halving. This, for instnace, was the case in Q1, 2021. After underperforming against Bitcoin in late 2020, ETH ended up surging by more than 300% within just three months, leaving Bitcoin in the dust. The altcoin also soared by more than 900% in early 2017, skyrocketing to $80. Overall, the average Q1 returns of…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Holiday celebrations transpired the last few days. But the week was also marked by MicroStrategy becoming part of the Nasdaq 100. While some thought this would offer the company’s stock price a short-term lift, that so far hasn’t been the case. As of 1 pm ET, MSTR’s share price was down 22% since the market opened on Dec. 16 (after the index inclusion news late the prior Friday). End-of-year profit-taking (MSTR is up ~380% in 2024) and recent declines in BTC price are likely contributors to…
VeChain (VET) has announced that it is subjecting its VeChainThor to a comprehensive upgrade to reimagine its tokenomics. This upgrade would create new validator opportunities and ensure greater decentralization. VeChain (VET) is set to embark on a holistic upgrade of its VeChainThor through a technical roadmap dubbed VeChain Renaissance. According to the report, this would enable stakeholders to stay ahead of regulatory and technical trends while enabling network growth from the perspective of users and developers. It’s official – VeChain’s largest protocol upgrade is underway: VeChain Renaissance.The TL;DR: pic.twitter.com/3I7BaUEEx0— VeChain (@vechainofficial) December 6, 2024 Further analyzing the initiative, we discovered…
To improve financial transparency and diversification in the blockchain sphere, GT Protocol declared it is collaborating with CrossFi, a promising blockchain firm that has gained popularity for combining fiat and cryptocurrencies. 🔥 GT Protocol x CrossFi Partnership! 🤝We’re thrilled to announce our partnership with @crossfichain, a groundbreaking blockchain redefining financial freedom through its seamless bridging of fiat and cryptocurrency. With CrossFi’s innovative non-custodial payment technology,… pic.twitter.com/a0bXH3x5Q8 — GT Protocol (@GT_Protocol) December 27, 2024 Focusing on enhancing the role and function of blockchain in the financial market and providing innovative demands of users as well as payment tools and payment services,…
The trend over time of the value of Bitcoin is usually correlated with that of the US dollar. For precision, in the medium/long term, the variations in the price of Bitcoin are inversely correlated to those of the Dollar Index, the index that measures the strength of the US dollar compared to a basket of other important currencies globally. The decorrelation of Bitcoin from the value of the dollar The return to normality The evolution of the value of Bitcoin and dollar in the coming days The evolution in the medium/long term The record The decorrelation of Bitcoin from the…