Author: NBTC
Bitcoin (BTC) price movements reflected a period of consolidation before dropping below $90,000 after BTC failed to break above its all-time high in February. According to the latest edition of the “Bitfinex Alpha” report, macroeconomic uncertainty worsens this scenario. Over the past week, Bitcoin fluctuated within a 6.5% range, peaking at $99,574 on Feb. 21 before closing at $96,346. Since it has dropped a further 7.5% to $88,600 as of press time. Two significant events exacerbated the market downturn: a hack involving crypto exchange Bybit and a sharp decline following the expiration of S&P 500 options. The latter resulted in…
NEOPIN, a leading DeFi platform based in East Asia, has moved the internet with a historical announcement on its official page. The strategic launch of NEOPIN 4.0 will now be migrated to the Solana blockchain, the second largest blockchain in the world. Project Titan, which stands for the innovation of NEOPIN 4.0, will take the global leap and integrate AI agents with DeFi. The ambition is to reach the stance of NEOPIN being a worldwide tier-1 AI-powered DeFi project. 📢NEOPIN 4.0: Announcement of the ‘Solana’ Ecosystem Migration Plan📢Today, we are pleased to make the most important announcement in the history…
KaitoAI has placed Paradigm at the top of its latest rankings with an 11.80% performance metric, followed by Dragonfly, Alliance, a16z, and 1kx. Paradigm ranks first in KaitoAI’s latest crypto venture capital rankings with an 11.80% performance metric. Alliance follows in second place with 10.64%, while Dragonfly holds the third position with 8.32% of total VC funding. a16z crypto ranks fourth with 6.94%, and Multicoin Capital rounds out the top five with 5.86%. Source: X post by 0xRory Founded by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang, Paradigm has a track record of backing crypto projects…
Ripple CTO David Schwartz has weighed in on the ongoing discussion on X about Bitcoin (BTC), Ethereum (ETH) and the XRP Ledger (XRPL), highlighting the technical advantages of XRPL’s transaction model over Bitcoin. Schwartz responded to an X user who compared the XRP Ledger, Bitcoin and Ethereum transaction mechanisms, saying: “I think it’s pretty clear that the technical advantages of XRPL’s transaction model give it an advantage over Bitcoin. For Ethereum, given the mix of benefits and drawbacks, I think they each have applications they’re better for. When Bitcoin tends to win, it’s usually because it’s Bitcoin and not for…
Cameron Winklevoss, co-founder of crypto exchange Gemini, has urged lawmakers to enact crypto regulations that protect the industry from federal overreach. In a March 4 statement on X, Winklevoss claimed that regulatory enforcement actions have been weaponized to stifle crypto innovation. He argued that agencies are being used against digital assets for political purposes, calling for legal protections to prevent politically motivated enforcement actions. Any future crypto legislation must make it very hard to weaponize federal agencies against crypto. Crypto needs rules, not because investors lack protection but because builders and companies lack protection — we need a firewall against…
Samson Mow, a Bitcoin supporter and the chief executive officer at Bitcoin focused-company JAN3, has taken to his account on the X social media network (formerly Twitter) to comment on the Bitcoin crash that has taken place over the past day. The world’s pioneer cryptocurrency Bitcoin has fallen by more than 7%. It started to pare its losses but then the fall continued. Mow’s Bitcoin statement: “Bitcoin is oversold” In his tweet, the JAN3 boss stated that Bitcoin is “oversold” and told the market to “run it back.” By now, Bitcoin has continued descending and has lost 7.45% in total…
The European Central Bank (ECB) is expected to cut interest rates on Thursday to 2.65%, continuing its easing from a 4.5% peak amid increased volatility in bond markets. The expected easing comes as markets reprice at least three Fed rate cuts for 2025 and Germany and China take the fiscal easing route to shore up their respective economies. In other words, the ECB’s impending easing could only add to the ongoing global liquidity easing, offering bullish cues to risk assets, including cryptocurrencies. “Overall, liquidity conditions are supportive and rising, to keep risk and crypto pushing higher, despite this recent correction…
This is a segment from the Empire newsletter. To read full editions, subscribe. So much has been made of the underperformance of ETH. Turns out, SOL is on track to match it almost to a tee. A few weeks back, I pointed out that ETH is speedrunning the Intel stock chart — doing what Intel has done over the past 50 years in about a decade. Here’s another in the series: The SOL/BTC ratio is on an almost identical path to the ETH/BTC ratio. Below plots the price of both ETH (green) and SOL (purple) in terms of BTC (their…
Recent speculation on X suggests that President Donald Trump may propose eliminating capital gains taxes on cryptocurrency sales. Rumors circulating online indicate that an announcement could come as soon as Friday, though no official confirmation has been provided. While the potential policy has sparked excitement among crypto investors, legal experts and analysts have pointed out a significant hurdle—such a tax change would require congressional approval. JUST IN : @EricTrump and @DavidFBailey just let slip in their discord channel that they are looking to possibly announce Friday that there will be no capital gains tax on American based crypto currencies if…
As the liquidation in the crypto market soars to $1.47 billion, Bitcoin records a massive liquidation of $630 million. Bitcoin price has marked a 24-hour low at $86,314, creating its second consecutive extremely bearish candle. With a downfall of nearly 10%, Bitcoin nears the 200-day EMA line. Will the extended downfall result in a plunge near the $75,000 mark? Bitcoin Price Tests Key EMA Levels In the daily chart, the BTC price trend showcases a bearish reversal under the influence of local support or local resistance trendline. A downfall has breezed under the 50- and 100-day EMA lines and is…