Author: NBTC
Bitcoin dropped below $94,000 but recovered above $95,000 amid high market volatility. Strategy announced a $2 billion Bitcoin acquisition. Institutional investors continue expanding Bitcoin exposure despite short-term price declines. Bitcoin prices plummeted below $94,000 before recovering to surpass $95,000. Bitcoin dropped 10% during the past week while facing a significant price decline. Bitcoin’s price decline challenges the positive outlook that emerged from Bitcoin spot ETF approvals and recent political developments. Market sentiment has declined which leads investors to maintain a careful approach. Bitcoin continues to face difficulties due to rising market volatility and increased sell-off activity. Market participants watch important…
On-chain data revealed that Ethereum had fallen to its lowest valuation relative to Bitcoin in May 2020. The current trading rate is 0.023278, registering an 8.7% decline over the past 48 hours. On-chain data revealed the ETH/BTC exchange rate registered a new low since May 2020. The currency pair’s trading rate currently stands at 0.023278. Ethereum’s total locked value collapsed by approximately $30 billion since last year. ETH/BTC pair drops to its lowest level since May 2020 Coinmarketcap data revealed that ETH lost 42.9% of its value since December 2024. The asset’s current price stands at $1,945 per coin. Markets…
Popular Telegram game Zoo has started its airdrop claim period for its soon-to-launch ZOO token on The Open Network (TON). As of Tuesday, users were able to claim their earned ZOO tokens inside the Telegram mini app. During this period, claims are handled off-chain, meaning that the user will not have to pay any fees. Once this period ends on February 25 at 9am UTC, users will be required to claim on-chain and pay a 0.1 TON ($0.35) fee, according to Zoo’s FAQ page. Millions of players have built their digital zoos within the Telegram mini app from its December…
The years-long legal battle between the US SEC and Ripple Labs is nearing resolution, as both sides negotiate the details of the August district court ruling, FOX Business journalist Eleanor Terrett reported Wednesday, citing two sources with knowledge of the matter. 🚨SCOOP: Two well-placed sources tell me that the @SECGov vs. @Ripple case is in the process of wrapping up and could be over soon. My understanding is that the delay in reaching an agreement is due to Ripple’s legal team negotiating more favorable terms regarding the August… — Eleanor Terrett (@EleanorTerrett) March 12, 2025 The SEC has withdrawn numerous…
Bitcoin price started a recovery wave above the $94,500 zone. BTC is rising within a range and might revisit the $98,000 resistance zone. Bitcoin started a decent recovery wave above the $95,500 zone. The price is trading above $96,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $96,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $96,000 zone. Bitcoin Price Recover Losses Bitcoin price formed a base above the $93,500 level and started…
Bitcoin, the flagship crypto asset, has long been nicknamed “digital gold” due to its store of value. With a market cap exceeding 1 Trillion, the crypto asset drives the price movements of basically every digital currency in the broader crypto landscape. Despite this, many have failed to tap into its rich potential due to constraints in its smart contract functionality. This is where BTCFi comes in. This phenomenon, otherwise called Bitcoin Decentralized Finance, is a feature that aims to transform Bitcoin into an active participant in the DeFi ecosystem. One platform pushing the BTCFi narrative is Core DAO. This Layer…
Will Ethereum make a bullish reversal to $2,500 as ETH price action signals a potential wedge breakout rally ahead? Ethereum fluctuates near the $1,900 level as Bitcoin holds above $81,000. Notably, Ethereum has recorded a 13% drop in the past seven days. However, a reversal pattern is emerging on the 4-hour chart, hinting at a potential bounce-back. Could this lead to a new wave of bullish momentum for Ethereum? Ethereum Price Eyes Wedge Breakout For New Recovery Wave On the 4-hour price chart, Ethereum is showing a declining trend but gaining momentum. The price drop has breached the 78.60% Fibonacci…
Crypto exchange Kraken is under fire for letting controversial Barstool Sports founder Dave Portnoy “shit on its reputation” after he launched a number of memecoins that all crashed over 99%. Throughout February, Portnoy has promoted a number of coins that have rocketed, crashed, and made thousands of dollars in the process. Among these is a token with the ticker JAILSTOOL, which he is now committed to holding after previously claiming to have sold it all by accident while using the toilet. He’s currently getting flak for launching the tokens GREED and GREED 2. Lookonchain notes that he held 35.79% of…
Despite recent acknowledgements by the Securities and Exchange Commission (SEC) on several spot crypto exchange-traded fund (ETF) applications, the agency is unlikely to make any decisions approving these products until its leadership is settled. “I would have been very very surprised if they approved any of these filings before [Paul] Atkins was confirmed at their first deadlines,” said James Seyffart, an ETF analyst at Bloomberg Intelligence. “It’s been our assumption that anything that can be pushed until Atkins is officially at the SEC, will be pushed back.” A person familiar with the matter told CoinDesk that they agree with that…
Bitcoin (BTC) price’s recent journey has been a bumpy one, with its value seeing a pullback to around $93.5K. This brings into focus the critical $91K level, which serves as the average cost basis for short-term holders. BTC Price Takes a Hit Currently, Bitcoin‘s ability to sustain above this price is crucial for maintaining the bullish sentiment that pervades the market. Should this level hold, it might restore confidence among investors, potentially setting the stage for a recovery. However, those who bought in at or above $100K are now facing unrealized losses. The decision of this group to hold or…