Author: NBTC

As the year draws to a close, the attention of all crypto market participants is focused on where, and at what point, the price of the leading cryptocurrency, Bitcoin (BTC), will step into 2025. Despite hitting a new all-time high this month, Bitcoin is currently trading below this coveted mark, which is seen as more of a sign of weakness, even though it is still up 128% since the beginning of 2024. With the crypto market attracting many more institutions this year such as BlackRock, Fidelity, pension funds and the like, thanks to the launch of spot Ethereum and Bitcoin…

Ethereum is nearing a $2,800 breakout to test the $3,000 neckline. With increasing bullish triggers, is ETH ready to surpass $3,000? Bitcoin bouncing back to the $98,000 mark has boosted the trend momentum in Ethereum. The biggest altcoin in the market has risen to $2,755 with an intraday recovery of 0.61%. This marks its third consecutive positive day in an attempt to challenge and close above the $2,800 mark. With the short-term recovery gradually gaining momentum and the short-term technicals hinting at a trend continuation, will Ethereum reclaim the $3,000 mark? Let’s find out. Ethereum Price Nears $2,800 Breakout In…

After detailing the growing number of crypto ETF proposals/developments in recent weeks, I wanted to point out the latest. For one thing, US crypto index ETFs — in their earliest forms — are now live. Franklin Templeton’s EZPZ ETF (named for the convenience of getting exposure to two crypto assets at once) holds both BTC and ETH. That joined the Hashdex Nasdaq Crypto Index US ETF, which hit the US market on Valentine’s Day. The dual BTC-ETH exposure is just the first iteration of these products — or so we all expect. A Tuesday 19b-4 filing signals the Hashdex fund…

As Bitcoin’s resurgence has fueled the crypto market cap to exceed $3 trillion, Hyena (HYENA) is grabbing users’ attention. The overall market’s growth has lured millions of investors to build luck on the burgeoning industry. Increasing numbers of investors continue to pour funds to grow their wealth in the alternative financial landscape. However, the road is not smooth for everyone. Some end up with hit with hard lessons to learn later. Lookonchain has spotted a trader who has just lost $80.8k within a day. Trader nursed $89.6k loss in FOMO trading With goodies in the markets, investors and traders are…

Secondary token markets SecondSwap on Thursday launched its mainnet on Ethereum with the aim of providing a more efficient market for illiquid assets by eliminating intermediaries and establishing fair token value in the open market. SecondSwap uses a liquidity routing algorithm that optimizes trade execution and minimizes price slippage to ensure secure and scalable trading experiences for buyers and sellers. “By introducing a decentralized order book-style exchange, we are bringing transparency to token secondary markets,” said Kanny Lee, founder of SecondSwap, in an email to CoinDesk. “Our platform provides visibility into buy and sell orders, leveraging price discovery mechanisms such…

Bitcoin spot ETFs shed almost $388 million in weekly outflows between December 23 and 27. On the other hand, Ethereum realized a $349M net inflow over the same period. Although Bitcoin spot ETFs saw a significant shed, Fidelity’s FBTC stood out with a noteworthy weekly flow of $183 million. The mixed performance within the Bitcoin ETFs makes it difficult to assess investor mood during Christmas. Following the shed, Bitcoin spot ETFs net asset value is $106.683 billion. The latest outflows show that investors could be replanning their holdings due to market uncertainties compared to the past inflow periods. Only a…

Ethereum is facing a crucial resistance region, including the 200-day moving average and the descending wedge’s lower boundary. The price action at this level is critical, as a potential rejection could lead to a decline toward the $2.5K threshold. Technical Analysis By Shayan The Daily Chart After rebounding from the $2.5K support region, Ethereum has experienced increased buying activity, leading to a minor surge. However, the price now confronts a significant resistance zone, which includes the 200-day moving average and the key $2.9K level. This area is expected to be filled with supply, making it a challenging barrier for buyers…

Shares of financial services company Robinhood fell 14% in their worst week since August as investors withdrew from the surge that followed President Trump’s election. The stock is nearing a 14% weekly decline after dropping as much as 17%. On February 12, the trading platform reported exceptional fourth-quarter earnings, with revenue more than doubling. This contributed to a remarkable 162% surge in its stock price from November 5, following Trump’s election, through the end of last week. However, Citigroup Inc. and Wolfe Research LLC analysts noted that much of the company’s earnings growth potential was already reflected in the stock’s…

Meme2Earn has announced a major token burn, reducing the circulating supply of its NUDES token by 69.42%, equivalent to a value of approximately US $1.5 million at the time of announcement. The burn will begin during the Meme2Earn New Year’s Fireplace event on Jan. 28, 2025, and will be completed over the subsequent weeks. At launch, NUDES had a total supply of 10 quadrillion tokens. Meme2Earn will burn 6.942 quadrillion NUDES, leaving a new total supply of 3.058 quadrillion tokens. The first burn will account for 6.5 quadrillion NUDES, while the remaining 442 trillion will be burned incrementally over the…

Oobit, supported by Tether, has announced a significant update that allows users to connect external wallets such as MetaMask, Trust Wallet, and Phantom directly to the app. This integration simplifies crypto payments, eliminating the need for manual transfers and reducing the risk of errors. News in crypto payments thanks to Oobit: how does the integration of the MetaMask wallet work? The expansion of the Oobit ecosystem News in crypto payments thanks to Oobit: how does the integration of the MetaMask wallet work? With this new feature, users can make immediate payments using the funds in their decentralized wallets. Until now,…