Author: NBTC
The Federal Reserve released the minutes of its December 17-18 meeting on Wednesday, revealing heightened concerns among officials about the economic impact of President-elect Donald Trump’s policy proposals. Based on the minutes, the Federal Open Market Committee (FOMC) discussed a range of issues, from inflation risks to the anticipated slowdown in rate cuts, reflecting the Fed’s cautious approach heading into 2025. Fed’s Cautious Approach to Rate Cuts Amid Inflation and Economic Risks The FOMC minutes highlighted the decision to implement a 25-basis-point (0.25%) rate cut. Almost all participants advocated for a gradual approach to further monetary easing. Several officials emphasized…
Ethereum dropped to $2,159.28, currently trading at $2,574.83, down 16.93% in 24 hours. Market cap stands at $310.15B, while trading volume surged 252% to $83.61B. Ethereum (ETH) experienced a sharp decline, dropping to a low of $2,159.28 before slightly recovering. At present, ETH is trading at $2,574.83, marking a significant 16.93% drop in the last 24 hours. The cryptocurrency’s market capitalization stands at $310.15 billion, reflecting the broader market downturn. Meanwhile, the 24-hour trading volume has surged by 252% to $83.61 billion, indicating heavy sell-offs. The market cap ratio has climbed to 26.96%, underlining increased trading activity driven by bearish…
Kaspa is among the top-gaining altcoins, recording double-digit gains in the past 24 hours. The proof-of-work coin Kaspa (KAS) saw its market cap rise above $3.43 billion as trading volume jumped over 14% to more than $143 million within the same period. KAS ranked among the top altcoin gainers as Bitcoin (BTC) regained footing above $96,000 on Jan. 14. As Bitcoin bounced back from its recent dip to $90,000, Kaspa led the top 100 coins by market cap, following ai16z and Fartcoin. Other notable gainers included Lido DAO and IOTA, both up more than 15% in the past 24 hours.…
Solana and Multicoin investor David Sacks is set to host his first press conference as White House Crypto Czar in Washington today. At 2:30pm at the Dirksen Senate Office Building, Sacks will likely announce several names of industry leaders to join Donald Trump’s newly-formed advisory council. According to sources speaking to the New York Post, possible appointees include executives from Ripple, Crypto.com, Coinbase, and USDC issuer Circle. “Everyone and their mother is begging to be on this council,” one applicant said. According to an executive order signed by Trump, Sacks must pick advisors who will help him to propose a…
A widely followed cryptocurrency analyst and trader is leaning bearish on Bitcoin (BTC) over the short term. The analyst pseudonymously known as Bluntz tells his 307,000 followers on the social media platform X that Bitcoin’s price action is “concerning” amid the flagship crypto asset failing to hold above the $100,000 level. According to the pseudonymous analyst, Bitcoin is likely to head lower before appreciating to a new all-time high over the next couple of weeks. Based on Bluntz’s chart, Bitcoin could fall to a key support level before rising in a series of waves to reach a new all-time high.…
A cryptocurrency whale has made a significant transaction by converting $1 million worth of DAI into 398 Ethereum ($ETH) at a rate of $2,515 per $ETH, according to Onchain Lens data. The investor has held DAI for close to 2.5 years and the move has sparked speculation regarding its market strategy. Insane hold of $DAI.A whale has used $1M $DAI to buy 398 $ETH at a price of $2,515, after holding $DAI for almost 2.5 years.The whale received these $DAI from FixedFloat 2.5 years ago.Addresses:– 0xf094e2d70385f4f3af3cc4ba7e6da0dcfac522dc-… pic.twitter.com/Lw55212Ypi — Onchain Lens (@OnchainLens) February 3, 2025 Major ETH Investment Sparks Speculation on…
In an exciting development for cryptocurrency enthusiasts, FARTCOIN has seen an impressive 58% surge in price today, sparking a flurry of attention in the market. The surge is especially notable due to the strategic actions of a savvy trader known by the alias “8TSfB.” Approximately nine hours ago, this trader executed a major swap, trading 789K WIF for a substantial 1.04 million FARTCOIN, equivalent to an investment worth $1.15 million. The #FARTCOIN price surged 58%% today!Smart trader “8TSfB” swapped 789K $WIF for the very first 1.04M #FARTCOIN ($1.15M) ~9 hours ago.Notably, this trader was an early buyer of both $POPCAT…
The U.S. House of Representatives and Senate are forming a joint working group to advance crypto legislation, and David Sacks, the crypto czar appointed by President Donald Trump, said his aim is “ensuring American dominance in digital assets,” Tuesday at a joint press conference in Washington. Alongside the chiefs of the congressional committees that will work on digital assets legislation, Sacks laid out a broad pro-crypto agenda. “I look forward to working with each of you in creating a golden age in digital assets,” he said, calling crypto a “week-one priority for the administration.” A part of the plan was…
Blockchain analysis firm Chainalysis has partnered with data and software solutions provider Lukka to enhance its Virtual Asset Service Providers risk product. VASPs play a crucial role in the crypto ecosystem by facilitating access and adoption for both retail and institutional users. However, the market comes with certain VASP-related risks that users may want to assess before onboarding onto various platforms. Chainalysis’ “know-your-VASP” feature allows users to analyze on-chain transactions to better understand exposure and counterparty risk. Financial institutions, crypto businesses, regulators, and other users can leverage this tool. Applications include monitoring VASPs with automatic alerts on risk scores—a key…
It is no secret that Bitcoin (BTC) had a stellar year in 2024, reaching a new all-time high (ATH) of over $73,000 in the first six months and surging past the $100,000 psychological level in December BTC investors reaped significant benefits from the rally, as Finbold research found that, between December 31, 2023, and December 31, 2024, an average of 154 addresses holding over $1 million worth of Bitcoin were created daily. The total increase in such addresses in the 366 days (2024 being a leap year) that elapsed amounts to approximately 56,325, per the data Finbold retrieved from BitInfoCharts…