Author: NBTC

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…

Ethereum price is consolidating above the $2,500 zone. ETH might gain bullish momentum if it clears the $2,700 resistance zone. Ethereum started a fresh decline below the $2,650 level. The price is trading below $2,680 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,690 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,700 and $2,735. Ethereum Price Eyes Upside Break Ethereum price started a fresh decline below the $2,800 support zone, like Bitcoin. ETH declined below the…

In a recent development, DePIN Union formally announced its strategic collaboration with IoTeX, an innovative Layer 1 blockchain ecosystem to transform decentralization. This partnership will seek to connect the real and the virtual dimensions using IoTeX’s safe, integrated, and distributed solutions. Promoting Innovation in the DePIN Ecosystem The continuous improvement of solutions and the development of a decentralized physical infrastructure network (DePIN) have made IoTeX one of the most prominent representatives. Combining their experience with the mission of DePIN Union, which focuses on the development of decentralized structures, everyone contributes to making changes. As stated in the press release, this…

Jan van Eck, CEO of VanEck, has recommended that investors maintain or increase their exposure to Bitcoin (BTC) and gold in 2025 in the firm’s 2025 outlook report. He argued that these assets are indispensable hedges against inflationary pressures, fiscal uncertainty, and global de-dollarization trends. According to van Eck, gold and Bitcoin have proven to be resilient stores of value amidst global economic turbulence. He added: “Bull markets in gold and Bitcoin are supported by inflationary pressures, fiscal uncertainty, and de-dollarization trends.” Consequently, he emphasized that these assets are essential for any portfolio seeking to guard against inflation. Robust foreign…

Ethereum price today: $2,620 Ethereum’s long-term holders increased their selling pressure in the past three days, distributing over 300,000 ETH. However, whales have been buying the dip with Ethereum exchange reserves plunging by over 800,000 ETH in the past week. Ethereum could experience a decline to $2,200 if it fails to overcome the $2,817 resistance. Ethereum (ETH) declined by 2% on Tuesday due to increased selling activity from long-term holders (LTHs) and a buy-the-dip strategy from whales. If this selling trend continues, ETH could drop to the support level near $2,200. Ethereum on-chain data shows mixed sentiment among LTHs and…

A smart trader has made significant profits by strategically investing in a series of highly volatile tokens in the cryptocurrency space. This individual demonstrated impressive market insight, accumulating massive returns from several altcoins. Their savvy investments in $ai16z, $GRIFFAIN, $ZEREBRO, and $AVA highlight a well-calculated strategy that paid off handsomely. What a smart trader!$11.5M profit on $ai16z(+16,564%). $3.32M profit on $GRIFFAIN(+2,648%). $1.98M profit on $ZEREBRO(+808%).9 hours ago, this whale added more to his $AVA position.1/ Let’s dive deeper into his trades. pic.twitter.com/VyoiGfeQig — Lookonchain (@lookonchain) January 8, 2025 According to Lookonchain,On October 25, 2024, this whale made a notable early…

Jacob King, an analyst with WhaleWire, has issued a warning about Bitcoin’s trajectory and the broader crypto market. In a post on X, King highlighted key developments that he believes could trigger a prolonged bear market. King pointed to MicroStrategy’s decreasing Bitcoin (BTC) purchases, El Salvador’s apparent shift away from its Bitcoin-focused policies, and BlackRock’s sizable sales of BTC holdings as critical warning signs for investors. In the past, King has frequently labeled MicroStrategy’s Bitcoin-focused business model a “giant scam,” arguing that it is unsustainable and destined for collapse. MicroStrategy’s BTC buys are getting smaller and smaller, facing extreme risks.…