Author: NBTC

In particular, the 30-day average returns of Bitcoin’s MVRV (Market Value to Realized Value) ratio have dropped to a more wholesome +4/2%. This metric has historically been a crucial indicator of market movements. An overbought market and a possible correction are frequently indicated when the ratio rises above +5%. A decline below -5%, on the other hand, is a clear indication of undervaluation and frequently results in a bounce. At this moment, Bitcoin is just above the correction territory threshold indicating caution. Small losses have been incurred by retail traders who entered the market at the late-November highs which may…

Ethereum’s price has made an impressive recovery, climbing over 4% in just 24 hours to surpass the $3,500 mark. This comes after a steep correction that saw prices fall from $4,000 to a solid support level around $3,100. While the entire crypto market gained 3% during this rebound, Ethereum has outperformed, raising questions about what’s next for this leading cryptocurrency. Ethereum Price Recovery After a Heavy Correction After reaching a peak of $4,000, Ethereum’s price faced a significant correction, falling to $3,100. This strong support area allowed the cryptocurrency to bounce back quickly, gaining over 4% in just one day.…

Tether, a global fintech company and issuer of the largest stablecoin, USDT, will be searching for new use cases for crypto in the real-world segment. Also, together with partners, Tether will be moving toward new accomplishments in other types of “core freedoom tech,” following a strategic investment in Rumble. Tether to focus on real-world use of BTC, USDT, AI and more, CEO Ardoino says Digital fintech mogul Tether is actively expanding its network of partners to focus on core workloads for 2025. Some of its key developments will be introduced to the segments of real-world usage for Bitcoin (BTC), the…

Haliey Welch, the media executive behind the Talk Tuah podcast, launched a memecoin called $HAWK in collaboration with overHere. The token has attracted significant controversy as its early market capitalization of nearly $400 million has quickly plummeted to under $20 million. This has led a number of Welch’s fans to brand it a scam, and the project has faced accusations that the team has been selling the token — something overHere has publicly denied. These accusations have often centered around the fact that Bubblemaps claimed 96% of the supply was in a single cluster. Assuming overHere is telling the truth…

Binance has announced its support for the upcoming token swap and rebranding of Fantom (FTM) to Sonic (S). Binance to Support Fantom (FTM) Token Swap and Rebrand as Sonic (S) This transition will include delisting existing FTM trading pairs, replacing all FTM tokens with S tokens, and introducing new Sonic (S) trading pairs. Token Swap and Trading Changes FTM Trading Pairs Are Being Delisted: At 06:00 on January 13, 2025, Binance will delist all FTM trading pairs, including FTM/BTC, FTM/BNB, FTM/ETH, FTM/EUR, FTM/FDUSD, FTM/TRY, FTM/USDC, and FTM/USDT. Pending FTM orders and Trading Bots will also be cancelled. New Sonic (S)…

Inflows into U.S. spot Bitcoin ETFs surged by over 90% on Dec. 3 compared to the previous day, bringing their total holdings closer to matching the Bitcoin stash attributed to founder Satoshi Nakamoto. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $675.97 million inflows on Tuesday, nearly doubling the $353.67 million seen the previous day. These investment vehicles have now enjoyed four consecutive days of net inflows, totaling over $1.45 billion within that span. BlackRock’s IBIT led the pack for the third consecutive day, with $693.25 million in inflows to the fund. Notably, BlackRock’s Bitcoin ETF achieved…

Ethereum (ETH) price has climbed 48.19% so far in 2024, though it lags behind Bitcoin 123% gain this year. Despite ETH’s strong performance, its recent uptrend appears to be losing momentum, as the ADX indicates weakening trend strength. Whales are accumulating more ETH, reaching the highest number of large holders since September. Key resistance at $3,523 will be crucial in determining whether ETH can extend its rally toward $4,100 or face a pullback to test lower support levels. ETH Uptrend Is Still Strong, But It Could Be Losing Its Steam Ethereum Directional Movement Index (DMI) chart shows its Average Directional…

Elon Musk, the billionaire CEO of Tesla, is co-leading the newly formed Department of Government Efficiency (D.O.G.E) with Vivek Ramaswamy under the incoming administration of ‘crypto president’ Donald Trump. The goal is to slash $2 trillion from federal spending. That’s nearly the size of the US government’s projected 2024 deficit. But here’s the thing, this project might not just fail — it could crash the entire US economy. The pipe dream D.O.G.E isn’t even a real government department. It’s an advisory group. It can’t implement anything without Congress or Trump signing off. But Elon’s name carries weight. His involvement alone…

Cryptocurrency project Fuel has announced that its native token, FUEL, will be launched in the next two weeks. The initial supply will total 10 billion tokens. Fuel has committed to allocating 20% of the initial supply (2 billion tokens) to the community. These tokens will be fully unlocked at launch and distributed based on various eligibility criteria, including participation in the Fuel Points Program and incentivized testnet. Overall, over 51% of the total supply will be directed to the community, ecosystem growth, and research and development efforts. Community (20%): Incentives, campaigns, and programs for community growth. Unused tokens can help…

In a significant series of transactions, a wallet potentially linked to crypto lender Nexo has deposited a total of 101,756 ETH (approximately $380 million) into Binance since December 2. The average transaction price of these Ethereum deposits has been around $3,737, according to blockchain data. Since Dec 2, #Nexo has deposited a total of 101,756 $ETH($380M) into #Binance at an average price of $3,737.Just an hour ago, #Nexo made another deposit of 7,495 $ETH($25M) to #Binance.https://t.co/94mlJVK5xW pic.twitter.com/7zX6TWL2nR — Lookonchain (@lookonchain) December 23, 2024 The deposits include a recent transaction of 18,000 ETH ($70.8 million), which was unstaked just an hour…