Author: NBTC
Ethereum price has retreated sharply in the past few days after finding substantial resistance at $4,000. Ethereum (ETH) traded at $3,340 on Monday as cryptocurrencies stabilized. This was slightly up from last week’s low of $3,100. Seasonality data suggests that Ethereum price may rebound sharply in the first quarter of 2025. According to CoinGlass, ETH had positive returns in all but two first quarters since 2017. Its best performance was in 2017, when it jumped by 518%, followed by 202,1 when it rose by 160%. Its average first-quarter returns since 2017 were 92%, making it the best period of the…
In a significant transaction within the cryptocurrency ecosystem, a whale recently deposited all 1.2 million $WIF tokens, valued at approximately $3.47 million, into Coinbase. The move made just three hours ago, has drawn attention for its timing and scale, with many speculating about its impact on the token’s liquidity and market sentiment. A whale deposited all 1.2M $WIF($3.47M) into #Coinbase 3 hours ago.This whale bought 1.2M $WIF 11 months ago at a cost of $393K, and now has a profit of more than $3M!https://t.co/CeCC6iwIX8 pic.twitter.com/WqR6EBg4lA — Lookonchain (@lookonchain) December 11, 2024 According to Lookonchain, This whale’s journey with $WIF began…
AdEx, a prominent blockchain-based advertising platform, has introduced AdEx AURA, an advanced AI-powered tool designed to utilize public blockchain data from Ethereum (ETH) and Layer 2 to deliver personalized recommendations for users and developers, as learned by Finbold on Monday, December 23. With advanced AI models, AURA evaluates blockchain activities, such as transaction patterns and app usage, and uses them to deliver custom-tailored actions. For example, the tool can recognize and recommend relevant services to frequent decentralized exchange (DEX) traders or guide the bridging funds to new blockchains, fostering a seamless user experience. An AI agent for digital advertising AURA…
New analysis from CryptoQuant has determined that 2024 has been a “defining year” for institutional Bitcoin adoption, thanks to the exchange-traded funds (ETFs). Corporate investment has surged all over the sphere, increasing realized capitalization by $300 billion. However, the report also noted that Bitcoin’s technical gains played a back seat this year, with institutions completely dwarfing protocols like Runes. The ETF Wave Into Bitcoin CryptoQuant’s latest weekly report, shared with BeInCrypto, tracks the rise of institutional adoption in 2024. The Bitcoin ETF received SEC approval in January, which began a wild spree of corporate investment. Since the beginning of the…
A widely followed crypto analyst says that Ethereum and altcoins are bracing for a swing to the upside as ETH prints the same pattern it did in 2020. In a new video update, crypto strategist Jason Pizzino tells his 344,000 YouTube subscribers that the Ethereum/Bitcoin (ETH/BTC) pair is flashing a “major altcoin signal.” However, he warns that altcoins still have a bit further to drop before market sentiment turns around and sparks a rally. “ETH/BTC in November got a bounce but again it still has not broken past at least the 4% level and the major level that I’m watching…
The Nigerian Securities and Exchange Commission (SEC) has announced new laws that will regulate the practices of crypto influencers in the country. This new regulation represents an update to the previous rules governing the industry. Per the new development, all crypto platforms must obtain a license from the body before they can carry out any promotional activities. This includes promotion across TV, radio, social media, and other print media. As part of the requirements, crypto influencers are mandated to disclose any financial benefits they enjoy for promoting a platform or asset. The statement revealed that non-compliance could land perpetrators a…
Carv Protocol, a decentralized infrastructure provider, has offered support for Beam Nodes. By backing Beam Nodes, Carv Protocol intends to fortify the Beam Network. Beam Foundation took to social media to disclose the respective development. .@carv_official is supporting the Beam Nodes.Carv is building the largest modular Data Layer for gaming & AI. With Beam operating at this intersection, Carv is thrilled to empower the Beam Network through its nodes.Learn more. pic.twitter.com/enOppqHy9y — Beam Foundation (@BeamFDN) December 22, 2024 Carv Protocol Solidifies Beam Network by Providing Support for Beam Nodes In a recent X post, Beam Foundation expressed excitement for backing…
The global AI solution provider Zenqira has joined the Metagalaxy Land, a Metaverse platform built on the blockchain. This partnership is the next crucial step in developing the Zenqira platform, as it aims to influence the choice of Web3 and the game-based economy. 🚀 Partnership Announcement 🤝We are excited to unveil our strategic partnership with @metagalaxyland , marking a new milestone in our journey! 🌌✨Metagalaxy Land is a blockchain-based metaverse platform with an innovative GameFi ecosystem, featuring unique roles for Space… pic.twitter.com/Wq1rA9tfkq — ZENQIRA (@zenqiratech) December 23, 2024 Metagalaxy Land is famous for its powerful metaverse environment and the presence…
Bitcoin has smashed through the long-awaited $100K milestone, setting a new all-time high of $103,850. This exciting rally has been powered by a combination of positive regulatory developments, growing institutional interest, and global endorsements from major players. Since the elections, Bitcoin has seen a surge above 45% with expectations of crypto-friendly regulations. A Big Boost from the SEC One of the main reasons behind Bitcoin’s surge is the appointment of Paul Atkins as the new chair of the U.S. SEC. Known for his pro-crypto stance, Atkins replaces Gary Gensler, whose strict policies were seen as a hurdle for the crypto…
Ethereum price extended losses and dropped below the $3,450 zone. ETH is now recovering some losses and might rise if it clears the $3,445 resistance. Ethereum started a fresh decline below the $3,500 zone. The price is trading below $3,450 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the $3,450 and $3,500 resistance levels. Ethereum Price Stays Above $3,200 Ethereum price struggled to start a fresh increase above…