Author: NBTC
Ethereum (ETH), the leading altcoin, has faced severe price resistance at the $3,200 level for the past 30 days. Since the beginning of February, when ETH dropped below $3,000, Ethereum whales have maintained an optimistic outlook on the asset. Whales buying Ethereum amid price resistance Recent developments suggest Ethereum whales are actively accumulating amid price fluctuations, possibly taking advantage of the price slump. TraderPA, an on-chain analyst on X, spotted a correlation between the dip in ETH and their accumulation pattern among whales. Notably, on the chart shared by TraderPA, as ETH prices started declining, the volume of accumulations by…
A widely shared chart showing a sudden spike in China’s M1 money supply has fueled speculation across Crypto Twitter. Many interpreted the data as evidence of an unprecedented liquidity injection. However, analysts, including Benjamin Cowen, have clarified that the surge is due to a reclassification of how the metric is calculated, not an actual increase in circulating money. Viral Chart Sparks Speculation The chart, sourced from TradingView, shows China’s M1 money supply jumping from approximately 67 trillion yuan to 112.45 trillion yuan virtually overnight, an apparent surge of 67.59%. This led to speculation that the Chinese government had injected massive…
The Shiba Inu community has made another successful effort at burning SHIB meme coins, pushing the burn rate up significantly. In the meantime, the price of the second largest canine-themed cryptocurrency Shiba Inu has spiked by almost 8%. SHIB burns jump 105%, here’s how much was removed The Shibburn tracking platform spreads the word that over the past day the SHIB community has succeeded in disposing a large amount of meme coins, which resulted in the burn rate surging by slightly more than 105%. The number of meme coins burned totals 1,877,749 SHIB. From this amount, a 1,000,707 SHIB batch…
SocialGrowAI made an official announcement about its partnership with SolPen as it brings together AI technology with blockchain-based decentralized infrastructure. Together these partners will optimize AI trading operations, token launches, and gaming systems within Solana’s rapid blockchain environment. SocialgrowAi is pleased to announce our partnership with @solanapenSOLPEN seamlessly integrates advanced AI technology with the DePIN (Decentralized Physical Infrastructure Network) model to create an efficient, low-latency ecosystem on the Solana blockchain. Be sure to stay… pic.twitter.com/A5tTYFYc75 — SocialGrowAI (@SocialGrowAI) February 21, 2025 Integrating AI with Decentralized Physical Infrastructure Networks SolPen leads DePIN (Decentralized Physical Infrastructure Network) innovation to advance AI-driven real-world…
Michael Saylor, founder of MicroStrategy and its current executive chairman, has published a post on the X platform to pick the Bitcoin community’s brain about how high the Bitcoin return yield may go in the near future. He used a time span directly related to Bitcoin’s key fundamental. Saylor’s tweet has sparked an agitated discussion among the crypto community. Saylor’s Bitcoin return growth poll The MicroStrategy boss’s goal was to pick the community’s view about how high annual returns on corporate Bitcoin holdings may go up in the next 21 years. This time span was picked as if referring to…
In 2025, onchain fees on Ethereum have significantly dropped, echoing the easing seen in Bitcoin’s transfer fees. According to the latest metrics gathered on Feb. 20, a high priority fee on Ethereum stands at 0.924 gwei or $0.05. Ethereum Transaction Fees Drop to Sub-1 Gwei Levels In August of last year, the popular blockchain explorer Etherscan’s gas tracker was updated to include decimal figures after fees dipped below 1 qwei. Decimals have now reappeared on Etherscan as fees again fall beneath the single qwei threshold. Gwei—short for “gigawei”—serves as a unit on the Ethereum blockchain to denote gas fees, the…
Mike McGlone, the senior commodities strategist for Bloomberg Intelligence, has published a tweet where he shared his take on the current situation on the U.S. commodities markets and how it may impact the decision of the Fed Reserve to implement further tightening. McGlone sounds doubtful on Fed’s further easing policy Mike McGlone tweeted that currently rising trends in cryptocurrencies, commodities and stocks can be observed. The expert also indicated “sticky inflation” and low unemployment. McGlone reckons that all these positive factors could create a challenge for the monetary policy of the Fed Reserve as of February 2025. Rebounding Commodities Could…
XRP commenced the year with a significant uptick amid a broader cryptocurrency market reboot. This price rally comes as XRP records massive adoption in different regions globally. Upbit takes lead in global XRP trading South Korea’s biggest crypto exchange, Upbit, has recorded over $1.3 billion worth of XRP volume through the exchange. CoinMarketCap data gives the figure as $1.337 billion in the last 24 hours. This represents about 12.13% of the entire XRP volume traded in the last 24 hours. Some analysts see this as a significant development for XRP. They believe Upbit could drive the new price rally for…
A new layer-1 blockchain is set to rival Ethereum and Solana. Here’s how you can prepare. After years of building and more than $225 million raised, Monad officially unveiled its testnet on February 19. The high-performance Ethereum Virtual Machine layer-1 network aims to rival the speed and scalability that Solana offers, while interacting with the vast Ethereum ecosystem and its applications and protocols. It does so by using parallel execution, in other words, executing transactions that don’t depend on each other at the same time, boasting more than 10,000 transactions per second in the process. Before the highly-anticipated debut of…
Ethereum has experienced a prolonged consolidation below key resistance levels, struggling to find momentum as it continues to trade sideways. The price has been closing between $2,650 and $2,750 for the past week, creating uncertainty in the short term. With ETH facing selling pressure and unable to reclaim the $2,800 mark, investors are growing concerned about its ability to recover. Despite the recent choppy price action, some analysts believe Ethereum could be gearing up for a bullish move. Crypto expert Carl Runefelt shared a technical analysis on X, stating that Ethereum has been forming a bullish pattern on the daily…