Author: NBTC
Bitcoin has recently experienced a notable rally, pulling the price back above $90,000 after over five weeks of stagnation. As of now, Bitcoin is trading near $94,401, just shy of the critical $95,761 resistance. This suggests that Bitcoin is not yet at its saturation point, with further upward momentum possible if key barriers are breached. Bitcoin Investors Are Greedy The market sentiment surrounding Bitcoin remains overwhelmingly positive, with investors showing high levels of optimism for further price gains. Social media posts indicate a sharp spike in bullish sentiment, with the number of optimistic (versus bearish) posts reaching levels not seen…
Multiple RFC-linked wallets dumped massive positions this week, triggering a sharp sell-off and panic across crypto markets. Yet despite the chaos, analysts argue the meme coin’s broader bullish structure remains intact. RFC Whales Dump, Provoke 40% Price Drop Retard Finder Coin (RFC) token price is down by nearly 40% to trade for $0.052 as of this writing. This marks a brutal reversal from its previous meteoric rise, considering the token’s recent 1,000% surge, fueled by memes, Elon Musk, and whales. RFC Price Performance. Source: CoinGecko The drop follows a series of large liquidations traced to related wallets. According to on-chain…
KuCoin cryptocurrency exchange has denied claims that its BTC reserves have dropped since KYC rumors began on June 5, 2023, and the official announcement of the mandatory real-name system on June 28. According to CryptoQuant’s Onchain School data, the exchange’s Bitcoin reserves have plummeted by 77.6%. Although the overall fall in reserves of centralized exchanges is an industry trend, the sharp decline of KuCoin has attracted attention. The analytics firm argued that it highlighted that users are highly sensitive to privacy and compliance policies. KuCoin refutes claims of losing over 77% of its BTC reserves The data presented is factually…
Despite macroeconomic uncertainty, Bitcoin miners are showing confidence in further upside, as stable reserves signal their belief in continued market growth. Bitcoin (BTC) miners have shown no significant signs of capitulation, with on-chain data continuing to signal a bullish outlook, analysts at Bitfinex Alpha wrote in a recent research report. They noted that despite macroeconomic turbulence and a 32% drop from Bitcoin’s all-time high in 2024, miner reserves have remained stable. As of May 5, reserves were at 1,808,674 BTC, showing little fluctuation from December 2024 levels, suggesting a cautious holding strategy, with miners refraining from significant selling. “Given that…
Molson Hart, the CEO of consumer products firm Viahart, has drawn an intriguing comparison between gold and its acclaimed digital version, Bitcoin. Bitcoin has skyrocketed to fame in recent years, drawing attention from major institutional players as an asset with a clear purpose. Although widely criticized for some of its features, the pioneering cryptocurrency has reevaluated the financial market’s concept of money. Also, Bitcoin has matched toe-to-toe with the prominent precious metal, gold. Despite Bitcoin’s relative nascence compared to the global market’s safe haven, the premier crypto asset’s performance over the last decade has raised optimism among market enthusiasts that…
Binance’s Changpeng Zhao, better known as CZ, has publicly acknowledged the growing complexity in the Binance Coin (BNB) liquid staking ecosystem, highlighting the increasing number of derivative tokens tied to staking rewards. He shared a post on social media that asked if we should merge the different versions — like asBNB, slisBNB and clisBNB — to create a more unified approach. CZ’s comment came after a new announcement, which revealed another round of rewards for holders of asBNB, one of several BNB derivative tokens used in decentralized finance protocols. These derivative tokens usually represent staked BNB across various platforms and…
Crypto never sleeps, and neither do its billion-dollar blunders. According to Wu Blockchain, AI code editor Cursor just closed a jaw-dropping $900 million funding round at a $9 billion valuation. According to FT, AI code editor Cursor has completed $900 million in financing, with a valuation of $9 billion. Alameda invested $200k in its seed round in 2022, but was sold by FTX liquidators for $200k. The stake may currently be worth around $500 million.… pic.twitter.com/sf53q1FvxR — Wu Blockchain (@WuBlockchain) May 6, 2025 But while top VCs like Thrive Capital, a16z, and Accel are celebrating, there’s one name glaringly missing…
Singapore-based developer of bitcoin mining ASIC chips and rigs Canaan (CAN) has had a rough run, but could be a five-bagger, suggests Benchmark analyst Mark Palmer. Palmer on Tuesday initiated coverage of the ADRs with a buy rating and a $3 price target. The shares closed yesterday at $0.62, lower by 72% year-to-date. Canaan’s dual strategy is focused on the development of ASIC bitcoin chips and rigs, and the expansion of its self-mining operations, especially in the United States, said Palmer. “CAN’s vertically integrated approach differentiates it within the bitcoin mining space while positioning it to capitalize on both chip/rig…
Binance co-founder and former CEO, Changpeng “CZ” Zhao, recently teased higher Bitcoin prices with a recent post questioning if investors bought the dip. Bitcoin struggled over the weekend, closing in the red on both Saturday and Sunday. Interestingly, the two-day recession was the premier asset’s first for seven consecutive days amid recent price resurgence. Nonetheless, Changpeng Zhao, popularly known as CZ, inquired whether market enthusiasts had taken advantage of the price corrections. In an April 27 tweet, he again reiterated his stance to his over 10 million audience on X that every dip is an opportunity to stack more choice…
Renowned basketball player Scottie Pippen has addressed his army of followers on the social network X, making an ultra-bullish crypto market prediction. He named the date when he believes “the biggest altcoin season” will start. Pippen is known on crypto X for his tweets as someone who Satoshi from time to time visits to talk to while Pippen sleeps at night. “Biggest altcoin season to kick off” The NBA veteran tweeted that, according to a “rumour”, the largest altcoin season in history should begin this week. Particularly, on April 20, Sunday. Providing a basis for his prediction, Pippen said that…