Author: NBTC
Bitcoin (BTC) started January 2025 with a bullish outlook, which was later reversed into a bearish formation, bringing market uncertainty. Finbold then looked into Bitcoin historical returns and price patterns to forecast a potential target for January 31. Previously, BTC closed December and November 2024 with 2.85% losses and 37.29% gains, respectively, following the expected results. In November, we published the BTC price prediction targeting a monthly close between $75,275 and $100,334, while the leading cryptocurrency was trading at $69,495. Bitcoin closed November 30 at $96,451, validating the method. Nevertheless, December’s results came slightly worse than predicted, missing our forecasted…
Hayden Adams, CEO of Uniswap Labs, has highlighted key features of newly launched Uniswap V4, marking major improvements over Uniswap V3. Adams, in a post on X, explained how V4 compares in terms of efficiency when executing a token swap. Uniswap V4’s efficiency test Uniswap V4 has improved as it is much more gas-efficient than V3. This suggests that users can enjoy cheaper transactions using the protocol. Adams demonstrated this by swapping $1,000 worth of Ethereum (ETH) into Tether (USDT) through the Uniswap V4 12 hours after its launch. According to him, the Uniswap algorithm suggested he employ a multihop…
Ethereum’s head and shoulders formation suggests a potential breakdown, with the $3,075 neckline acting as a key support level. If ETH breaks below support, technical projections indicate a decline toward $2,930 as the next major support area. A breakout above $3,150 and $3,225 could shift market sentiment, signaling renewed bullish momentum. ETH traders are carefully tracking market movements as various indicators point toward future price drops. The ETH-USDT price range has developed a head-and-shoulders pattern which suggests future price decline may occur.The price is currently testing key support levels, and if the pattern plays out, Ethereum could revisit its recent…
sset manager ProShares submits filings for new XRP ETF products, including leveraged, inverse, and futures ETFs as the community anticipates regulatory shifts. This development coincides with the imminent departure of Securities and Exchange Commission (SEC) Chair Gary Gensler, who is set to resign on Jan. 20, 2025, aligning with President-elect Donald Trump’s inauguration. ProShares Files to Launch XRP ETFs Nate Geraci, president of The ETF Store, highlighted this surge in ETF filings, noting that multiple asset managers have recently submitted applications for crypto exchange-traded products. Among these, ProShares’ filings for XRP leveraged and inverse ETFs, as well as an XRP…
On Jan. 12, 2009, a groundbreaking milestone occurred that would forever change the landscape of digital finance. Satoshi Nakamoto, Bitcoin’s pseudonymous creator(s), performed the first peer-to-peer (P2P) transaction on the Bitcoin network. This historic moment at block 170 saw Satoshi transfer 10 BTC to computer scientist Hal Finney, making him the recipient of the Bitcoin first transaction. As was common in the early days, the transaction cost 0 BTC. 16 years ago today, the first P2P transaction occurred when Satoshi Nakamoto transferred 10 $BTC to computer scientist Hal Finney.This historic transaction established Hal Finney as the first-ever recipient on the…
Cardano (ADA) founder Charles Hoskinson proposed an idea of how Cardano (ADA) might benefit from launching a liquidity pool with its three largest USD-pegged stablecoins. About 85% of his followers supported the proposal for USDA, DJED and USDM stable cryptocurrencies. Cardano (ADA) community welcomes Charles Hoskinson’s idea of stablecoin-based liquidity pools Cardano’s (ADA) stablecoins USDA, DJED and USDM might be integrated into a rebalanced liquidity pool to make the blockchain’s liquidity healthier. Such proposal was shared by Cardano (ADA) inventor Charles Hoskinson yesterday, Jan. 31, 2025, with his 1 million followers on X. Should the community add to the annual…
Shiba Inu has teamed up with Astra Nova in an epic partnership that blends the meme-based cryptocurrency with AI-driven innovation. The partnership aims to revolutionize the Web3 space by combining artificial intelligence (AI), gaming, and community-driven projects. Key Features The collaboration fuses the strengths of both projects. While Shiba Inu will showcase its expertise in community engagement and decentralization, Astra Nova’s proficiency in Web3 integration and AI storytelling will come into play. Under the partnership, Shiba Inu and Astra Nova will leverage their collective strength to foster community-driven initiatives while exploring Web3 opportunities. The partnership will also explore multiple avenues…
Multiple market analysts say it is not unusual for Bitcoin to undergo a correction in the January that follows a halving year. This comes after BTC’s price has seen a 10% decline in the last few days. It has, however, marginally recovered to around $94,000 after falling from a peak of $102,300 on January 7. Historical trends of January dips after halving Bitcoin has seen more intense market corrections in previous halving years. After plunging more than 25% in 2021, the cryptocurrency gained 130% to record new highs around $69,000 later that same year. Before that, Bitcoin suffered a 30%…
Ethereum is gearing up for one of its most notable upgrades in early 2025 with the Pectra hard fork, a fusion of the Prague and Electra updates. This upgrade seeks to improve scalability, efficiency, and staking mechanisms while tackling persistent issues like high gas fees and validator limitations. Still, market participants are split on whether Pectra will be a game-changer or fail to deliver substantial price gains for ETH. Pectra to Bring Key Improvements to Ethereum The upcoming Pectra upgrade will introduce several Ethereum Improvement Proposals (EIPs) set to enhance network efficiency. One critical feature is account abstraction, which allows…
Shytoshi Kusama, the lead developer of Shiba Inu, has made a bold statement about the project’s trajectory. In a tweet exchange, Kusama assured that Shiba Inu would capture the attention of critics and investors long before the price reached the lofty $0.50 mark. Shiba Inu Will Grab Attention Way Before Price Reaches $0.50 Kusama’s confident statement came after a tweet from crypto investor Maserati Cam, who claimed he would only pay full attention to Shiba Inu if the token hit the $0.50 threshold. Notably, SHIB is currently trading at $0.000022, and reaching $0.50 would require an exceptional price surge of…