Author: NBTC
Ethereum has been experiencing a wild crash over the last few days, breaking below several significant support levels. Investors are now wondering when this downtrend will end. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been dropping rapidly since breaking below the 200-day moving average, located around the $2,900 mark. The $2,700 and $2,350 levels are also broken to the downside, as the price is currently testing the $2,100 support zone. If this level also gets broken to the downside, a deeper decline toward the $1,750 level could be expected in the…
Ripple is taking steps to expand the capabilities of the XRP Ledger (XRPL). They’ve just announced their vision for programmability. The XRP Ledger Extensibility Team has shared its proposed vision for how developers can integrate custom logic into XRPL features. This aims to improve its functionality while preserving its core strengths—speed and reliability. Permissionless Programmability for XRPL: Ripple’s Aim Ripple’s goal is to bring permissionless programmability to XRPL, allowing developers to add custom business logic to the network. This vision focuses on making the XRP Ledger even more flexible while maintaining its simplicity and efficiency. Source: Ripple The team has…
The exclusive market statistics indicate a notable 8% decline in the Bitcoin ($BTC) market. As per the data from Glassnode, Bitcoin’s latest 8% dip raises apprehensions among the market onlookers concerning additional downturn. The blockchain analytics platform took to social media to provide insights into Bitcoin’s current downside and the potential future developments. $BTC is down 8%. In last week’s Week On-Chain, we outlined multiple risk factors: weakening capital inflows, STH cost basis at a key threshold, mixed institutional ETF flows, and historical patterns suggesting extended corrections. What to watch for next? https://t.co/HGwkPZBJDm pic.twitter.com/MsovoSeLih — glassnode (@glassnode) February 25, 2025…
Ethereum price has crashed this year and is hovering near its lowest level since September last year. Ethereum (ETH) was trading above $2,200 at last check Sunday, down by over 45% from its highest point in November last year. Several crucial charts explain why the ETH price has crashed, and provide hints of what to expect this year. Ethereum price formed a triple-top pattern The weekly chart shows that the ETH price found strong resistance at around $4,000 in 2024. This pattern is characterized by three peaks and a neckline, and is one of the most bearish patterns in the…
Coinbase’s price target has been lowered by BofA as analysts warn of growing competition and fee pressure. BofA Securities has lowered its price target for Coinbase Global Inc. to $311 from $363 while keeping a hold rating on the stock. Analyst Mark McLaughlin CFA from Bank of America Securities said the move follows Coinbase’s strong earnings report, driven by a favorable crypto market and increased on-chain activity, but noted concerns about how long that momentum will last, TipRanks reports The analyst noted that growing competition could push fees down, which could potentially hurt Coinbase’s short-term profits. McLaughlin also pointed out…
Hedera Hashgraph introduces a new approach to distributed ledger technology (DLT) with the potential to overcome limitations in existing networks. Specifically, it promises to tackle five critical pain points that have traditionally slowed down DLT’s mainstream acceptance and adoption. Hedera sets out to solve these with a high-speed, low-cost, and enterprise-grade network that delivers near-instant finality without compromising decentralization. This guide explores the ins and outs of Hedera Hashgraph, including how it works and what sets it apart from blockchain networks. In this guide: What is Hedera Hashgraph? How Hedera Hashgraph works Hedera Hashgraph vs. blockchains: Key differences Hedera’s service…
Key Takeaways Bitcoin ETFs recorded a record $935 million net outflows amid a sell-off driven by macroeconomic concerns. The crypto market’s downturn is fueled by investors’ risk aversion due to tariff threats and inflation concerns. US spot Bitcoin ETFs posted around $935 million in net outflows on Tuesday, extending their losses so far this week to approximately $1.5 billion. The massive withdrawal returned during a sharp crypto market sell-off, with investors retreating from risk assets in dealing with growing macroeconomic concerns after President Trump’s tariff threats. According to data combined from Farside Investors and Trader T, Fidelity’s FBTC led the…
The price needs to stay above $2,460 to keep investor confidence high while stopping the increase in selling pressure. The continued failure to maintain a price above $2,460 would trigger liquidations that could drive ETH down to support areas of $2,300 or $2,200. ETH’s ability to defend $2,460 price point could enable a rebound movement towards the resistance range $2,550–$2,650 which would indicate market recovery. Ethereum’s price movement is currently at a pivotal point, with the cryptocurrency needing to maintain $2,460 to sustain investor confidence. This level is significant as it directly impacts market sentiment, influencing both retail and institutional…
Ripple is rolling out native programmability, one of the most significant updates to the XRP Ledger (XRPL) since its inception in 2013. For context, native programmability will allow developers to create custom features while maintaining the XRPL’s efficiency and security. This development, spearheaded by RippleX engineers, looks to expand the blockchain’s utility for both institutions and developers. XRPL to Welcome Native Programmability According to the proposal from Senior RippleX Software Engineer Mayukha Vadari, unlike Ethereum, which sprang up with programmability from the start, the XRPL initially focused on modules for major financial use cases. Notably, the network has built-in tools…
Net outflows for US spot Bitcoin ETFs (exchange-traded funds) approached the $1 billion threshold on Tuesday. It marks the extension of these losses, with weekly outflows approaching $1.5 billion. The Bitcoin ETF outflows come amid a broader market sell-off, hugely provoked by macroeconomic concerns after President Trump’s tariff threats. Bitcoin ETF Net Outflows Near $1 Billion Data on Farside Investors and Trader T’s analysis show that Bitcoin ETF net outflows reached $937 million on Tuesday. Fidelity’s FBTC led these outflows with $344 million, followed by BlackRock’s IBIT at $164 million in redemptions. Similarly, Bitwise’s BITB and Grayscale’s BTC each recorded…