Author: NBTC
Bitcoin, you are 16 years old now, well into your teenage years. These are usually the years during which, for many people without even being aware of it consciously, one usually makes the decisions that shape the course of the rest of their life. It’s incredibly rare that someone gets a “redo” to wind back choices that lock them into a certain path in life. I fear you, or rather Bitcoiners, are in the process of making one of those monumental mistakes that will have severe consequences for the rest of its existence. We are seeing unprecedented growth at this…
VeChain’s Sunny Lu is advocating for blockchain as a way for corporations to drive their sustainability agenda. Blockchain technology offers a unique data transmission framework at a low cost and a viable reward scheme. VeChain’s CEO and co-founder, Sunny Lu, recently outlined a path for businesses to achieve transparent sustainability. The VeChain CEO claims 2025 will redefine how the world perceives and attains true sustainability. Growing Sustainability Acceptance and Challenges Sunny Lu noted in a recent newsletter that global consumers increasingly prioritize sustainability in their consumption practices. PwC’s 2024 Voice of the Consumer Survey revealed that consumers prioritize sustainability, like…
The Bitcoin price is inching closer to the much-coveted $100,000 mark, recently reaching an intraday high of $98,471. Yet, despite this bullish price action, there are some worrying signs for the bulls. According to Glassnode co-founders Jan Happel and Yann Alleman, the cryptocurrency’s momentum is weakening due to underwhelming trading volume. “Even with Bitcoin breaking $97K, volume remains low—critical for short-term bullish continuation,” the analysts noted. Higher volume would be an absolute must for sustaining strong upward momentum. Recently, 10x Research opined that Bitcoin’s uptrend could be nearing its peak after the flagship cryptocurrency formed the “shooting star” candlestick on…
Cardano is gearing up for a significant upgrade, with expectations for the Plomin hard fork in place for January 2025. Intersect, a member-based organization for the Cardano ecosystem, has provided a recent update in this regard. As reported earlier, the governance action for the Cardano mainnet Plomin hard fork was submitted on-chain on Dec. 20. This action marks the end of the beginning for blockchain governance. If ratified, this action will bring full governance, as stated in CIP-1694, to mainnet, ending the technical bootstrapping phase. https://t.co/zILET0RcoT — Intersect (@IntersectMBO) January 8, 2025 Intersect’s most recent update anticipates that the Plomin…
Ethereum (ETH) price has struggled to regain momentum after losing the $3,000 threshold on February 2, remaining below that level ever since. Over the past 30 days, ETH has dropped more than 20%, reflecting ongoing market weakness and uncertainty about its next move. Technical indicators like the DMI suggest a lack of a clear trend, with both bullish and bearish pressures weakening in recent days. Meanwhile, the supply of ETH on exchanges has fallen to its lowest level in six months, which could signal accumulation and reduced selling pressure, potentially setting the stage for a recovery attempt. Ethereum DMI Shows…
Stellar (XLM) is in the spotlight as over 2.9 billion tokens have been exchanged by participants on the cryptocurrency market. This comes after its price slipped below a critical support level of $0.4550. The token, which hit a low of $0.4156 in earlier trading, appears to have pared off some of its losses. XLM’s volatile price movement amid soaring volume XLM attained a height of $0.4675 within the past 24 hours before market fluctuations canceled its previous gains. Over the past week, its upsurge has drawn attention to the coin, which rivals XRP in price movement. The current price movement…
Price of bitcoin shows an upward break out of a falling wedge pattern, which indicates a bullish reversal. Various historical fractals suggest it has the potential just to revisit or even go beyond previous recorded peaks. It is essential to understand that the fate of the cryptocurrency will be influenced by market sentiment and external factors. Bitcoin’s price movement seems to be repeating the previous trend and this view is making observers positive. When the fractals of the current time period are compared with the previous fractals an opportunity of another up move could be expected in the cryptocurrency. This…
The NFT market continues its downward trend even as crypto prices stabilize, with Bitcoin edging up to $97,000 while Ethereum holds steady around $2,688 (see below). Source: CoinGecko The broader crypto market has seen a modest recovery, with the total market cap rising to $3.24 trillion from last week’s $3.13 trillion. New traders show interest despite lower volumes According to CryptoSlam data, NFT (non-fungible token) sales volume has fallen to $112.7 million. That’s a 35.15% decline from the previous week. However, the market has seen a notable surge in participation, suggesting growing interest from new traders despite lower overall values.…
Ethereum whale wallets holding over 10,000 ETH increased by 2.3% in early February, hinting at growing confidence in a price rebound. Over 121,512 ETH valued at $323.4 million moved from exchanges to whale wallets, reducing short-term selling pressure. Technical indicators suggest Ethereum’s bearish trend is weakening, with RSI nearing oversold territory and the MACD histogram showing signs of reversal. Ethereum is trading at $2,700.01, reflecting a 2% increase over the past 24 hours. The latest market movement comes as large-scale investors, commonly known as whales, continue to accumulate substantial amounts of ETH. Analysts suggest this activity could indicate a potential…
A prominent cryptocurrency whale has made waves in the market by depositing a significant amount of $PEPE (Pepe coin) to Kraken exchange in the past 24 hours. This transaction has drawn attention not only for its sheer volume but also for its implications on the broader market. The whale’s actions suggest a strategic approach to capitalizing on short-term price movements, with a potential for further influence on $PEPE’s price in the days to come. This whale deposited another 210B $PEPE ($3.95M) to #Kraken 10 hours ago.• Total offloading in the past 32 hours: 427B $PEPE ($8.45M)• Current balance: 1T $PEPE…