Author: NBTC
The cryptocurrency world is abuzz with discussions surrounding the recent White House crypto summit. However, a key figure was notably absent: U.S. Senator Cynthia Lummis, a staunch advocate for Bitcoin and digital assets. Her unexpected absence due to illness has sparked conversations and raised questions about the future trajectory of crypto legislation in the United States. Let’s delve into the details of this developing story and understand its potential implications for the digital asset landscape. Why Senator Lummis’ Absence from the Crypto Summit is a Significant Setback Senator Cynthia Lummis’s voice in the cryptocurrency space is not just influential; it’s…
Bitcoin is struggling with low trading activity and weak momentum, leading to subdued price action near the 100-day moving average. However, a strong bullish rebound remains possible, contingent on a return of sufficient liquidity to the market. Technical Analysis By Shayan The Daily Chart Bitcoin remains in a phase of indecision, with price action hovering near the 100-day moving average at $98K. This prolonged consolidation, characterized by low volatility and weak momentum, suggests a balance between buyers and sellers. The RSI indicator reinforces this notion, highlighting an ongoing struggle between bullish and bearish forces, with the $98K support and the…
The bearish pressure experienced across the broader crypto market has impacted activity on the Shiba Inu blockchain, Shibarium. Many investors have sought safety amid massive declines in crypto prices. For instance, Shiba Inu has seen its price crash 17.2% month-to-date (MTD) to $0.00001552. Other Shiba Inu ecosystem tokens, including BONE and LEASH, have also experienced sharp declines in the same timeframe. This dip coincides with the bearish trend across the broader crypto market, leading to a drawdown in Shibarium activity, as reflected in its declining transaction volume. Transaction Volume Slumps 96% in a Week Data from ShibariumScan shows that Shibarium…
Sam Bankman-Fried, the co-founder of the bankrupt FTX exchange, is moving closer to Trump supporters. Bankman-Fried also revived the drive to achieve a Presidential pardon, although he has not reached out to Trump directly. Sam Bankman-Fried may be seeking a pardon from US President Donald Trump. To that end, Bankman-Fried started to build an image of being a Republican supporter, and not actually a hardline Democrat. The entangled history of Bankman-Fried’s political donations may give him favor with both US parties. Data showed Bankman-Fried was in charge of as much as $100M in political donations during the heyday of FTX.…
Bitcoin (BTC) has risen above the moving average lines and the $95,000 support level but is being held back by the 50-day SMA barrier. Bitcoin price long-term forecast: bearish Bitcoin price is currently below the 50-day SMA barrier and above the 21-day SMA support. BTC will reach a high of $102,390 if it breaks above the 50-day SMA. However, Bitcoin will be forced to move in a range between the moving average lines if it gets stuck at the 50-day SMA. On the other hand, if the bears break below the 21-day SMA, Bitcoin would fall back to its previous…
Sol Strategies Inc. partners with Tetra Trust to provide secure, regulated Solana staking for institutional clients in Canada. The partnership aims to enhance institutional access to staking while aligning with regulatory and security standards. If one thing is known in the cryptocurrency world, it is that quick changes can occur in a matter of days. Sol Strategies Inc., an investment company concentrated on the Solana ecosystem, just made another big move. Not only did they expand their portfolio, but they also solidified their position as a major player in Solana staking. Sol Strategies: Major Acquisition and SOL Asset Addition Between…
As he walked out of the White House’s crypto summit on Friday, Coinbase CEO Brian Armstrong said his U.S. exchange is planning to hire a thousand people because of the policy progress the industry seems to be making at the beginning of President Donald Trump’s second term. “It’s only been, what, 50 days or something like that, and it’s already created enough of a tailwind that we feel more confident in investing in the United States and growing our business here,” Armstrong told CoinDesk. He said the hiring would take place this year. Coinbase, specifically, watched the U.S. Securities and…
Prominent crypto critic Jim Cramer has issued a bearish warning, stating that fear could prevent a market rebound before Monday. His comments align with the latest downturn in the cryptocurrency market, where the total market cap has dropped by 3.3% to $3.298 trillion in the past day. Bitcoin Below $100K, Altcoins Also Down Bitcoin fell 2.1% to $96,399, extending its monthly losses to 5.9%. Ethereum, Solana, and XRP also posted declines, fueling investor uncertainty over near-term price action. Meanwhile, Cramer’s statement sparked debate, particularly from traders who follow the “Inverse Cramer” strategy, which involves doing the opposite of his market…
Donald Trump’s long-awaited White House Crypto Summit disappointed the crypto space. Its promises were underwhelming, and the community was undervalued. Bitcoin’s price fell slightly instead of an anticipated jump. Several Trump-aligned crypto executives praised the President’s attempts to curtail federal regulators and suggested the industry was “doomed” without his intervention. Still, this frustration hasn’t boiled over into an all-out schism yet. Trump’s Crypto Summit Fails to Deliver Donald Trump announced the first-ever White House Crypto Summit last week, and the community was expecting an opportunity for positive new regulations. Specific policy ideas and a potential guest list were hotly debated,…
Bitcoin (BTC) has been trading below $100,000 since February 5, facing continued resistance despite attempts at recovery. Recent indicators suggest that sellers have gained control, with BTC’s Directional Movement Index (DMI) showing increased bearish pressure. However, the Ichimoku Cloud points to a potential reversal if Bitcoin can break above key resistance zones. If bullish momentum returns, BTC could test the $97,756 resistance and possibly retake the $100,000 level, with $102,668 as the next target. BTC DMI Shows that Sellers Gained Control In the Last 24 Hours Bitcoin’s Directional Movement Index (DMI) shows its Average Directional Index (ADX) currently at 21.2,…