Author: NBTC
As Ethereum (ETH) trades steadily above the $3,300 mark, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape. Currently trading at $3,321, ETH’s resilience has been notable, especially amidst a broader market correction led by Bitcoin (BTC). This recent downturn has tested ETH’s critical support level at $3,290, effectively preventing a decline toward the psychologically significant $3,000 barrier. Could Ethereum Reach $14,000 By March 2025? Crypto expert Crypto Rover has made headlines with his bold prediction that ETH is poised for an “explosion” in the first quarter (Q1) of 2025. His confidence is bolstered…
According to data from analytics site IntoTheBlock, Cardano (ADA) recorded $25.48 billion in large transaction volume, representing a 9.42% increase over the previous day. This spike in large transactions, often worth more than $100,000, indicates increased activity from whales and institutional players. The surge in large transactions may signal either buying or selling. In the last 24 hours, this has amounted to a staggering 21.24 billion ADA. Despite the significant increase in large transaction volume, the ADA price remains significantly down, trading in red as the market experiences profit-taking. Several crypto assets, including Cardano, were trading in red. Cardano (ADA)…
Singapore-based crypto exchange BingX launched ALTCOIN Index, the first futures index involving altcoins like ETH, XRP, SOL and DOGE. BingX’s new ALTCOIN Index provides users with the opportunity to monitor the current market trends for multiple altcoins displayed on one index. According to BingX’s press release, the index will feature some of the top cryptocurrencies by market cap, excluding Bitcoin (BTC) and stablecoins. The ALTCOIN Index includes ETH (ETH), XRP (XRP), SOL (SOL), BNB, DOGE, ADA, TRX, AVAX, and SHIB. Through the index, users can track trends and price changes without having to buy individual tokens or ETFs. Thus, traders…
Bitcoin has broken a major trendline, with a retest underway that could confirm a potential shift in market momentum. The $100,000 price level is a key psychological barrier that may drive significant market activity if breached. Bitcoin’s breakout could trigger a broader cryptocurrency bull market, with altcoins potentially following its lead. This virtual currency’s latest selling price has been below a descending trendline, and this is causing many to wonder what is in store next. The cryptocurrency is now back at the critical level and investors are looking for a breakout that will start a stronger bull market. The $100,000…
The stablecoin market has crossed an impressive $200 billion in value, with the top three fiat-pegged tokens experiencing notable growth over the past month. Ethena’s USDE has taken center stage, climbing over 89% since Nov. 9. USDE Supply Soars, USD0 Issuance Climbs a Staggering 91% As of Monday, Dec. 9, stablecoin data from coingecko.com and defillama.com reveals the fiat-pegged crypto market is thriving, holding steady above the $200 billion milestone—a record high for the sector. Tether (USDT), leading the pack, has 138.06 billion tokens in circulation, with 74.92 billion issued on Ethereum and 61.75 billion on Tron. Over the past…
Upbit, a leading global cryptocurrency exchange, has announced the temporary suspension of deposit and withdrawal services for Metal (MTL), Lisk (LSK), Brett (BRETT), Carv (CARV), and Plian (PI) due to the upcoming Optimism network upgrade. Upbit Announces Temporary Suspension of Deposit/Withdrawal Services for MTL, LSK, BRETT, CARV, PI Due to Optimism Network Upgrade The suspension will begin at 22:00 KST on Thursday, January 9, 2025, and will remain in effect until the stability of the upgraded network is confirmed. The resumption of services will be announced in an official update. Affected Digital Assets and Services Deposit and Withdrawal: MTL, LSK,…
Popular quant analyst PlanB is doubling down on his prediction that Bitcoin (BTC) will surge to an astronomical value in the current bull market cycle. In a video update, the pseudonymous analyst tells his 188,000 YouTube subscribers that his stock-to-flow (S2F) model indicates Bitcoin may soon soar anywhere between $250,000 and $1 million. His stock-to-flow (S2F) model, which was traditionally used for traditional commodities before he adapted it to Bitcoin, predicts the performance of an asset based on the idea that price increases as the asset becomes more scarce. Historically, PlanB’s S2F model has forecasted the beginning of strong bull…
Some prominent dog-themed meme coins are fetching higher prices to start the week, with coins modeled on Dogecoin’s mascot jumping higher—alongside a Bitcoin-based meme coin that’s dedicated to a puppy wearing an orange hoodie. DOG•GO•TO•THE•MOON (aka DOG), a so-called Runes token that launched alongside the protocol’s debut in April, set an all-time high price of $0.0096 late Sunday, according to data from CoinGecko. Meanwhile, its market cap hit $966 million, surpassing a previous peak seen in June. Runes was developed by Casey Rodarmor, whose Ordinals project sparked a buzzy market for Bitcoin-based collectibles following its release last year. Together, the…
Binance’s BNSOL Super Staking program introduces MANTRA, offering enhanced staking returns while maintaining the liquidity of staked Solana tokens. MANTRA (OM) is now a part of Binance’s BNSOL Super Staking program, which has formally begun its third phase. Through this effort, users who possess or stake BNSOL can earn higher staking rewards through the OM APR Boost Airdrop. The program, which offers a total prize pool of 191,619.83 OM with daily payouts, will run from Jan. 1 to Feb. 1, 2025. Users can earn staking rewards while keeping liquidity by using BNSOL, a staking token for Solana (SOL). You might…
Bitcoin (BTC) has been trading within a narrow range over the past week, struggling to break above the $100,000 mark. The leading coin’s price has faced resistance at $98,804 and has found support at $94,603. However, a decline in a critical on-chain metric suggests that the coin may be poised for a significant upward trend in the near term. Stablecoin Power and Holder Confidence Boost Bitcoin Outlook BeInCrypto’s assessment of BTC’s on-chain performance has revealed a steady fall in its Exchange Stablecoins Ratio. Per CryptoQuant’s data, this stands at 0.000060 as of this writing, its lowest level since the beginning…