Author: NBTC

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s BTC$108,707.53 bull run has stalled, with emerging technical signals pointing to a possible price pullback. The leading cryptocurrency by market value traded near $108,000 at press time, probing the bullish trendline, characterizing the sharp rise from $75K to record highs over $110K, TradingView data show. There has been little bullish action in the past 24 hours despite reports that the Trump family media company plans to raise $3b billion to buy cryptocurrencies such as bitcoin. A key momentum indicator called the 30-day rate of…

After a sharp climb last week, Ethereum price today is stabilizing just below the $2,600 mark. The short-term structure is forming a tight range as buyers attempt to hold key moving averages while watching volume signals for a potential breakout above local resistance. What’s Happening With Ethereum’s Price? ETHUSD price dynamics (Source: TradingView) On the 30-minute and 4-hour charts, Ethereum price has been consolidating between $2,560 and $2,590 after a sharp breakout on July 6. Price is riding along the mid-line of Bollinger Bands while staying above the VWAP and Parabolic SAR flip levels near $2,572 and $2,565, respectively. This…

Treasury Secretary Scott Bessent confirms search for Jerome Powell’s replacement as Fed Chair President Trump pressures Jerome Powell to reduce interest rates by 1% or resign. Jerome Powell can be replaced in October with front-runners being Bessent and Waller. Jerome Powell’s time as Chairman of the U.S. Federal Reserve seems to be drawing to a close. As Treasury Secretary Scott Bessent revealed that the Trump administration is indeed searching for a replacement. In a Bloomberg interview last week, Bessent said the administration would start within the next few weeks and could announce a replacement by October. Powell’s current term expires…

Despite broader market optimism and a surge in new XRP addresses, user engagement on the XRP Ledger appears to be slipping. According to data in the Finbold H1 2025 Cryptocurrency Market Report, between January 1 and June 30, 2025, the number of total XRP addresses rose from 6,282,144 to 7,116,378, an increase of over 834,000. This growth was split across both quarters: Q1 accounted for 528,997 new addresses, while Q2 added another 305,237. Yet active address counts moved in the opposite direction, dropping from 39,515 to 26,807 by the end of the first half. That’s a net loss of 12,708…

Major crypto exchange Coinbase has expanded its offerings in Germany, announcing the availability of a new batch of cryptocurrencies for local users. The move would allow users to buy, sell, convert, transmit, receive and store these assets, as well as use the Coinbase iOS and Android apps. The exchange announced the decision in a tweet, demonstrating its ongoing commitment to expanding traders’ access to various digital assets. B3 (Base) (B3), Berachain (BERA), Cookie DAO (COOKIE), doginme (DOGINME), Ethereum Name Service (ENS), Fartcoin (FARTCOIN), HOME (HOME), Kaito (KAITO), Lagrange (LA), Official Trump (TRUMP), PancakeSwap (CAKE), Space and Time (SXT), Toshi (TOSHI),…

Bitcoin experienced a major correction after the January ATH, with a 32% drop. However, after this drop, BTC rose by more than 50% to reach new highs of $111,880. As BTC entered a consolidation phase following the new records seen last week, Bitfinex analysts evaluated the latest situation of Bitcoin in their weekly report. At this point, Bitfinex analysts also said that BTC is probably entering a downward cycle. Analysts stated that with the new record, profit taking by short-term Bitcoin investors increased and that this situation could limit Bitcoin’s short-term rise. The report stated that this investor group made…

The SHIB community continues to reduce the Shiba Inu’s circulating supply by regular daily transfers of meme coins to “inferno wallets.” Today, the SHIB burn rate has displayed a four-digit rise since a mammoth amount of meme coins were locked in dead-end wallets. Still, the overall circulating supply of SHIB has not seen any major dent. There are still 589,248,746,682,927 SHIB circulating the cryptocurrency market. Burn rate soars 1,639%, 1.042 million SHIB torched Popular wallet tracker Shibburn has reported that over the past seven days, the SHIB burn rate has spiked by an impressive 1,693.7%. This was possible thanks to…

Coinbase (COIN) has partnered with AI search engine startup Perplexity AI to give traders easier access to real-time, trustworthy crypto market data, the companies said Wednesday. The move, announced by Coinbase CEO Brian Armstrong on X, aims to help users make faster and better-informed trading decisions by integrating the exchange’s data directly into Perplexity’s AI tools. The collaboration begins today with what Armstrong called “Phase 1.” Coinbase’s market data will be integrated into Perplexity’s Comet browser, a real-time search tool. This will allow users to dig into market trends, monitor price action and explore token fundamentals through a live AI-powered…

Bitcoin reclaims $110K before settling at $109,039.59, up 1.27% in 24 hours. Market cap rises to $2.16T, with 24-hour trading volume reaching $ 47.64B. Bitcoin regained ground today, climbing to an intraday peak of $110,376.88. Despite dipping to $107,214.15 in the last 24 hours, the asset currently trades at $109,039.59. The daily performance shows a 1.27% rise, reflecting renewed market confidence. Moreover, Bitcoin’s market capitalization surged to $2.16 trillion, while the fully diluted valuation now stands at $2.28 trillion. With a 24-hour trading volume of $47.64 billion, the volume-to-market cap ratio reached 2.15%, highlighting active turnover and heightened liquidity. In…

Ethereum Whale Withdrawals Signal Bullish Momentum – Nearly $17.5M in ETH pulled from Binance hints at a looming supply shock. ETH Price Nears Breakout as Exchange Reserves Drop – Falling reserves and strong technicals suggest ETH may soon push past $2,700. Ethereum price is heating up. In the past seven days, ETH has gained over 4.5%, and in just the last 24 hours, it’s jumped more than 2.3%. Now, whale activity and exchange data suggest something bigger may be coming. Ethereum Whales Make Bold Moves According to on-chain reports, a major Ethereum whale has withdrawn 6,989 ETH (worth around $17.5…