Author: NBTC
A former top dog at the Federal Reserve has been caught red-handed. John Harold Rogers, a 63-year-old Virginia resident and longtime Fed insider, was arrested on Friday after US prosecutors accused him of leaking sensitive economic data to Chinese intelligence operatives. The charges are smuggling classified information through personal emails and hotel room meetings under the guise of teaching “classes” to fake Chinese grad students. According to an indictment unsealed in a Washington, DC federal court, Rogers spent years exploiting his role as a senior adviser in the Fed’s international finance division to access top-secret details on US trade policies,…
Cryptocurrency analytics firm Alphractal has released a new market update, highlighting notable trends in the Bitcoin and altcoin markets while also shedding light on potential volatility ahead. Alphractal noted that cryptocurrency mining stocks, which have historically shown a strong correlation with the price of Bitcoin, have experienced a recent short-term decline. However, the firm highlighted an interesting dynamic: Correlation Shift: When the typically strong correlation between Bitcoin and mining stocks weakens, this has historically preceded significant swings in Bitcoin price. Market Influence: Mining companies, which often hold significant Bitcoin reserves, act as influential market players. Deviations from Bitcoin’s price movements…
Ethereum’s price chart shows a falling wedge pattern signaling an upward trend. A breakout could push Ethereum toward $3,800, a key resistance level. Traders are watching closely as ETH nears a crucial breakout point. Ethereum, the second-largest cryptocurrency by market capitalization, is signaling a bullish breakout following the formation of a falling wedge pattern on its daily chart. This technical structure, identified by respected analyst CryptoBullet, highlights an exciting opportunity for traders and investors as Ethereum hovers near the $3,391.86 mark. The Falling Wedge Pattern The falling wedge is a bullish reversal pattern that often precedes price movements to the…
As January ends, the excitement around XRP and its potential ETF is building. Grayscale has officially filed for an XRP spot ETF on the NYSE, and this has investors buzzing. Grayscale has been a key player in pushing forward Bitcoin and Ethereum spot ETFs, which makes their move toward XRP important. This filing could pave the way for more crypto ETFs. Other companies, such as Canary Capital and Bitwise, have also applied for XRP spot ETFs. There’s even talk about BlackRock potentially submitting their own ETF application for XRP, and Grayscale has also filed for a Solana spot ETF. Meanwhile,…
Institutional investors are steadily increasing their Bitcoin holdings as retail investors sell off prematurely, driven by impatience and financial pressure. Bitcoin’s appeal grows amid global economic uncertainty, with institutions adopting it as a hedge against inflation and financial instability. The Modern Investor has discussed a significant issue in the crypto market: institutional players are silently accumulating large volumes while retail investors seem to be liquidating their Bitcoin holdings. This trend has raised issues regarding long-term plans and the consequences for regular investors who might regret their choices in retrospect. Institutional Bitcoin Accumulation vs. Retail Investor Impatience Notable advancements in Bitcoin…
Ethereum experienced a surge this week, briefly breaking above a key resistance region. However, it lacked sufficient momentum, appearing to be a false breakout. If ETH faces a more profound rejection at current levels, lower prices could follow. Technical Analysis By Shayan The Daily Chart Ethereum saw a strong push from buyers at the $3K support range, driving the price slightly above a substantial resistance region. This key region includes: The 100-day moving average at $3.3K The bullish flag’s upper boundary at $3.4K Despite clearing these levels, ETH encountered significant selling pressure at $3.5K, highlighting insufficient buying power. This false…
The repeal of the SEC’s controversial Staff Accounting Bulletin (SAB) 121 has been welcomed by the U.S. crypto and banking industries, removing a major regulatory hurdle that previously made it difficult for traditional banks to offer crypto custody services. Industry leaders and financial experts see SAB 121 as an attempt by SEC Chairman Gary Gensler to keep traditional banks out of the crypto business as part of the Biden Administration’s broader regulatory crackdown on digital assets, crypto journalist Eleanor Terrett reported. However, opposition to the rule has not been limited to crypto firms. Traditional accountants have also objected to SAB…
Leading blockchain gaming tokens tied to Immutable, The Sandbox, and Gala Games are all down about 15% or more in the last 24 hours as Bitcoin and other major crypto assets fall amid macroeconomic uncertainty. The gaming token category as a whole suffered one of the worst days among CoinGecko category rankings, dropping by 17% in the last 24 hours while the total crypto market dropped by about 7%. Immutable’s IMX token is down 16% to $0.82, while The Sandbox (SAND) fell about 15% to $0.39 and GALA is down nearly 17% at $0.022. These tokens and others have rebounded…
In a recently published tweet, Jeremie Davinci, an early Bitcoin adopter and cryptocurrency millionaire, has revealed the scenario how BTC can soar to roughly $350,000 without naming any particular time frames for that. Davinci named an important Bitcoin metric he used while coming up with his Bitcoin price outlook. Bitcoin can hit over 5x BTC mining cost, per Davinci Davinci stated that currently it costs roughly $70,000 for miners to produce one Bitcoin, and they have better gear and often use cheap electricity for mining. The crypto influencer revealed that in past bull markets, Bitcoin has managed to soar more…
Ethereum (ETH) is grappling with fading bullish strength as its recent attempt to surpass critical resistance zones has faltered. Trading at $3,119, the ETH token hovers just below its 100-day Simple Moving Average (SMA) at $3,312, caught in a delicate consolidation phase that could dictate its next big move. One-Day Chart Analysis According to the daily chart analysis, a notable effort was made to break through the $3,500 resistance level, where key technical factors converged. This included the upper boundary of a symmetrical triangle pattern and the 50% Fibonacci retracement level at $3,517. Yet, the push was met with stiff…