Author: NBTC

Retail sentiment toward Ethereum (ETH) remains weak, but analysts suggest that a significant breakout could be on the horizon. Despite Ethereum’s sluggish price action, multiple on-chain indicators and technical patterns hint at an impending bullish reversal. Ethereum Retail Sentiment At Low Amid Sluggish Price Action According to cryptocurrency analyst Mister Crypto, retail interest in ETH is “extremely low,” as indicated by Google Trends data. Compared to its 2017 and 2021 peaks, Ethereum’s current sentiment ranks significantly lower, suggesting that many retail investors are sitting on the sidelines. Historically, low retail sentiment often signals a prime buying opportunity for institutional investors…

One bitcoin (BTC) holder metric is pointing to price growth in the months ahead even as activity on the blockchain falls to its lowest in a year, a CryptoQuant analysis noted this week. The firm’s Bitcoin Network Activity Index has been down 15% since November 2024’s record high and stands at 3,760 as of Friday morning, its lowest level since February 2024. The index is a cumulative measure of active addresses, number of transactions, block size and fees among other bitcoin metrics to indicate growth or a drop in Bitcoin usage. A drop in activity was marked by a sharp…

South Korean investors are very interested in cryptocurrencies. So much so that some altcoins are of great interest, with XRP being the most popular. A recent survey conducted in South Korea revealed that South Korean investors are investing the most in XRP after Bitcoin and Ethereum. In a survey conducted by Web3 consultancy firm DeSpread, more than 70% of investors stated that they made a profit in 2024, and stated that they used Upbit and Binance the most. South Koreans also added that they follow YouTube and Telegram. XRP also topped the list of assets held by South Korean investors.…

In a fresh shake-up, Tether (USDT) stablecoin has once again overtaken XRP in the crypto market rankings. With a market capitalization of $141.4 billion, Tether now ranks as the third largest cryptocurrency, pushing XRP to the fourth spot with a current market valuation of $139.72 billion. Bitcoin is down again on Friday, having fallen roughly 7% in the last week — but practically every other asset in the top 10 coins by market capitalization (excluding dollar-pegged stablecoins) has declined by twice that percentage or more. XRP suffered major losses among the top 10 cryptocurrencies by market capitalization over the last…

Pro-XRP lawyer John Deaton may have lost his longshot bid to dethrone anti-crypto Sen. Elizabeth Warren in Massachusetts last fall, but the former GOP candidate is already considering another Senate run. This time he wants to tangle with the state’s three-term Junior Sen. Ed Markey. The political hopeful—a self-identified pro-abortion independent who only recently allied himself with the Republican Party— believes he can use his newfound “name recognition” to launch a successful campaign against Markey, a beloved career politician with deep roots in New England. The challenge, Deaton told Decrypt, will be convincing digital assets industry donors with deep pockets…

Ethereum price remained supported above the $1,980 level. ETH is now consolidating and remains at risk of a downside break. Ethereum struggled to continue higher above the $2,050 resistance level. The price is trading below $2,020 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,040 and $2,100 resistance levels to start a decent increase. Ethereum Price Dips Again Ethereum price failed to continue higher above $2,100 and corrected some gains, like Bitcoin. ETH declined below…

As the Crypto Fear and Greed Index plunges to 35, market sentiment reflects growing fear and uncertainty. Bitcoin struggles to find strong footing near the $97,000 mark, battling against a pullback of 1.08% over the past 24 hours. With a market valuation still under $2 trillion, Bitcoin’s momentum remains weak. While a potential morning star pattern hints at a bullish comeback, the sudden halt in institutional support warns of a deeper correction. Will a turnaround in institutional demand propel BTC price back to the $106,000 mark? Bitcoin at $97k Aims For A Comeback In the daily chart, Bitcoin’s price decline…

Final government figures show the US economy ended 2024 on a stronger footing than initially estimated, though questions about momentum persist heading into 2025. Real Gross Domestic Product (GDP) expanded at a 2.4% annualized rate in the fourth quarter, revised slightly up from prior estimates of 2.3%, from robust consumer activity. This strong GDP growth in Q4 2024 was largely driven by a strong 4% rise in consumer spending during the holiday season, alongside increased government expenditures. Inflation, however, remained elevated. Additionally, the Personal Consumption Expenditures (PCE) price index (the Federal Reserve’s preferred inflation gauge) rose at an annual rate…

Popular cryptocurrency XRP recently saw a strange but significant development in the Korean crypto investment landscape. Today, three of the largest crypto exchanges in South Korea – Coinone, Upbit and Bithumb – suddenly announced that XRP had just been renamed. Actually, XRP is now the new name for the cryptocurrency that most of the crypto market used to call it. However, it seems that for the South Korean market, it was not XRP but Ripple coin until the recent change. It is understandable why people often confuse Ripple and XRP. The XRP token was originally called “Ripple,” and the San…

Ahead of his confirmation hearing in front of the U.S. Senate Banking Committee tomorrow, Paul Atkins — President Donald Trump’s pick to lead the U.S. Securities and Exchange Commission (SEC) — disclosed having up to $6 million in crypto-related assets, prompting Sen. Elizabeth Warren (D-Mass.) to cry foul. In a Sunday letter to Atkins, Warren stressed that the former SEC commissioner’s background as a consultant and lobbyist for the financial industry could create “significant conflicts of interest” if he is confirmed. “You also have served as an expert witness hired by Wall Street firms accused of engaging in Ponzi schemes…