Author: NBTC
Bitcoin remains technically bullish, with strong buyer interest evident after the recent liquidity sweep around the $100K mark. A breakout above $111K would likely trigger aggressive upside continuation. However, short-term volatility and potential resistance should be expected as the price navigates this critical zone. Technical Analysis By ShayanMarkets The Daily Chart BTC has recently swept a critical liquidity zone just around the $100K mark, triggering a strong, impulsive rally that reflects significant demand entering the market. This surge has propelled the price to its all-time high of $111K, signaling renewed bullish momentum. A key area of buy-side liquidity lies just…
After stalling beneath key resistance levels for much of the previous week, the Ethereum price today has once again slipped into a corrective mode, triggering concerns of renewed downside. As of writing, Ethereum price is trading near $2,481, down over 2% in the last 24 hours. This drop comes after repeated failures to break above the $2,580–$2,600 supply zone, with price gradually compressing under a descending resistance trendline. What’s Happening With Ethereum’s Price? ETH/USD price dynamics (Source: TradingView) On the 4-hour chart, Ethereum price action has decisively broken below a short-term ascending support line, confirming bearish continuation within a broader…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Stablecoin issuer Circle’s expected listing on the New York Stock Exchange tomorrow comes roughly four years after another crypto milestone: Coinbase’s public market debut. I wrote yesterday about how the apparently solid institutional demand for Circle doesn’t necessarily spell out what will happen once CRCL shares list. “It’s difficult to predict the precise impact of this listing,” said Fineqia senior associate Matteo Greco. “Back in 2021, there was widespread belief that Coinbase’s stock would soar following its Nasdaq debut. The outcome proved quite different.” Coinbase’s valuation…
Onchain data has once again provided some unusual information about whale movements in recent hours. According to the data, a crypto whale with the short address 0xfa64, who has not recorded any activity in the last three months, used the wallet to purchase 1.19 million BULLA tokens after earning a total of $218,000 from centralized cryptocurrency exchanges. A second crypto whale was seen unstaking 25,008 SOL coins worth $3.7 million and transferring them to Binance. In total, this crypto whale unstaking 125,045 SOL worth $17.64 million in the last two months after a four-year staking period. However, this massive whale…
The co-founders of Bitcoin privacy app Samourai Wallet pushed back against the U.S. government’s criminal charges, arguing in a new court filing that the Department of Justice’s case should be thrown out because it breaks with years of Treasury Department policy and threatens to criminalize open-source software. Keonne Rodriguez and William Hill, charged with operating an unlicensed money transmitting business and conspiracy to commit money laundering, filed a joint motion asking a federal judge in Manhattan to dismiss the indictment. The pair’s lawyers say Samourai Wallet never handled user funds and shouldn’t be considered a financial institution or a money…
The cryptocurrency market is bracing for a major shake-up as FTX prepares to release over $5 billion in stablecoins to creditors on May 30. As highlighted by Miles Deutscher Finance, an analyst, this massive repayment is expected to inject fresh liquidity into the market, potentially sparking a broad altcoin rally. While the broader sentiment remains unusually calm, analysts are warning that this event could become one of the biggest catalysts of the cycle. Many creditors, having waited years for their funds, are now likely to reinvest rather than cash out, especially with markets showing early signs of upward momentum. Altcoin…
Bitcoin’s BTC$108,938.85 rise to new all-time highs is happening on a backdrop of deep economic strain, according to a new report from Cathie Wood-led ARK Invest.Bitcoin’s 11.1% climb in May, outpaced gold and broke through key resistance levels, said ARK. Gains also coincided with clear signs of stress in the housing and auto sectors, traditionally seen as pillars of U.S. consumer strength. In housing, the number of sellers has far outpaced buyers, a trend ARK links to the Federal Reserve’s steep rate hikes since 2022. With affordability deteriorating, pressure is mounting on prices in what remains the largest source of…
Less than two years into his prison sentence, the character of Sam Bankman‑Fried has appeared as a fictional inmate in “Luigi: The Musical,” a satirical play that sold out its San Francisco run. Alongside Luigi Mangione, the alleged killer of UnitedHealthcare CEO Brian Thompson, and Sean “Diddy” Combs, who faces federal sex trafficking charges, Bankman-Fried’s character humorously jabs at Silicon Valley culture from a prison cell. The production opened last Friday at the 49-seat Taylor Street Theatre, imagining the three men as cellmates at Brooklyn’s Metropolitan Detention Center, where they were all housed —a reference to what actually happened in…
Ethereum is forming a bullish cup-and-handle pattern above its 200-day EMA as it trades around $2,509. Will ETH break out above $3,000? Ethereum continues to consolidate within a range, maintaining dominance above its 200-day EMA at $2,457. As ETH’s consolidation persists, a bullish cup-and-handle pattern is emerging on the daily chart. Will Ethereum break out of the pattern for an extended rally? Ethereum Price Analysis On the daily chart, Ethereum displays a rounding-bottom reversal between February and May, with the neckline aligning with the 61.80% Fibonacci level at $2,712. Currently, Ethereum is moving sideways just below this neckline, supported by…
The lawsuits against the LIBRA token project are heating up once again. Burwick Law has requested the freeze of LIBRA assets in wallets linked to Hayden Davis. The law firm, one of the main drivers of class-action lawsuits for meme tokens, has requested the additional freezing of LIBRA tokens in wallets linked to the initial team and influencers. The New York Southern District Court has granted an order to limit the trading or transfers of assets from LIBRA team wallets. The main problem with LIBRA is that even defunct tokens can be active on-chain. LIBRA is entirely permissionless and even…