Author: NBTC
Bitcoin whales sold over 20,000 BTC, worth $1.28 billion over the past 24 hours. BTC’s price could decline by 10% to the $57,300 level if it closes its daily candle above $66,000 level. BTC appears bearish, likely due to the $1.28 billion asset dump and the bearish double-top price action pattern. Bitcoin (BTC), the world’s biggest cryptocurrency by market cap, might experience a significant price drop as whales have sold billions worth of BTC. Bitcoin Whales Dump 20,000 BTC On September 25, 2024, a prominent crypto analyst made a post on X (previously Twitter) stating that Bitcoin whales sold over…
An Ethereum ICO whale transferred 21,490 ETH worth $55.2 million to Kraken. Ethereum spot ETFs faced net outflows of $48.519 million on October 1, the largest since September 3. As of October 1, Ethereum’s current price stands at $2,474, reflecting a 6.20% decrease over the past day. The market cap has similarly declined by 5.18%, currently sitting at $299.87 billion. Despite this price drop, the 24-hour trading volume has increased by 46.66%, reaching $25.27 billion.Ethereum’s market has undergone significant changes recently, primarily driven by whale activity. An Ethereum ICO whale, known as “0xb8c,” transferred 21,490 ETH, worth approximately $55.2 million,…
XRP surges 30% to $0.6408, driven by whale accumulation and social media frenzy, following a crucial development in the SEC vs. Ripple lawsuit. XRP is again witnessing a solitary pump amid a broadly passive crypto market. Specifically, XRP has increased by approximately 30% from $0.4942 to $0.6408 today, emerging as the best-performing crypto among the top tokens in the last 24 hours. Intelligence platform Santiment confirmed the growing market valuation of XRP in a recent update. The report provided insight into what happened on-chain before the price explosion for XRP. XRP Whales Accumulate to New All-time Highs Santiment revealed that…
On Saturday, October 26, 2024, at around 9 AM PT, the planned update will begin. Users will not be able to trade using any of Coinbase’s platforms. Coinbase Global Inc., has announced a forthcoming brief platform downtime on X. The exchange made it clear that it plans to upgrade its platform, which means it will be offline for a short time. On Saturday, October 26, 2024, at around 9 AM PT, the planned update will begin and continue for two hours. The Simple and Advanced Trade, among other products on the exchange, will be impacted by this brief suspension. Additionally,…
Retail bitcoin investors, particularly “crabs” and “shrimps,” have accumulated 35,000 BTC in the past 30 days, highlighting increased confidence and participation from smaller holders. With 40,000 BTC withdrawn from exchanges in the past 30 days, reduced liquidity suggests a potential supply squeeze, creating a bullish environment for future bitcoin price increases. In the past 30 days, the Bitcoin (BTC) ecosystem has seen a significant rally in accumulation, with approximately 88,000 BTC being amassed on a net basis. This strong period of accumulation, which has persisted through much of September, is notable for being about seven times the monthly bitcoin issuance…
Escalating tensions in the Middle East triggered a sharp downturn in the crypto market on Tuesday. This volatility led to the liquidation of over $500 million in positions. Leading altcoin Ethereum (ETH) was particularly affected, with long traders suffering significant losses. Technical indicators suggest that this downturn has encouraged bears to make a move for market control — and they might be succeeding. Is October off to a rocky start? Ethereum Long Traders Count Their Losses On Monday, Ethereum’s price fell to $2,447, a low last recorded ten days ago. This unexpected decline led to the liquidation of many long…
Moments after the SEC lawsuit against Ripple concluded, XRP trading volume on South Korea’s largest exchange, Upbit, witnessed an unprecedented surge. Chad Steingraber, a prominent game designer and XRP community figure, reported this spike on the X platform. This significant volume increase underscores the heightened interest and trading activity surrounding XRP in the aftermath of the legal decision. Volume Analysis During the price surge, trading volume on Upbit spiked sharply, reaching approximately 125 million KRW within a few hours. Following this spike, trading volume remained elevated, ranging between 50 million to 100 million KRW across hours. This sustained high volume…
Binance, the world’s largest cryptocurrency exchange, has announced its decision to delist four spot trading pairs as part of its routine market quality assessments. Binance Announces Removal of Four Spot Trading Pairs on October 4, 2024 The trading pairs that will be removed are due to low liquidity and trading volume, which is a standard practice to protect users and maintain a high-quality trading environment. Spot Trading Pairs to be Removed: ACE/FDUSD FIL/BNB OP/BNB TRB/FDUSD Key Information: Removal Date: October 4, 2024, 06:00 Impact: The delisting only affects specific trading pairs, not the tokens themselves. Users will still be able…
Although Bitcoin (BTC) is solidifying its position above the $60,000 support zone, a cryptocurrency analyst has warned that the maiden digital asset is headed for a significant downturn. Particularly, Bitcoin is likely to crash and form a major low in the coming months, a period that will possibly be marked by high volatility if it continues to trade below $70,000, Alan Santana noted in a TradingView post on September 25. Santana highlighted the technical challenges Bitcoin has faced since reaching an all-time high of $74,000 in March 2024. In early March, a powerful bearish signal emerged, with the highest daily…
The price of Ethereum has recently seen a significant drop, causing a wave of losses for many traders. With over $95 million in long positions liquidated, the market has experienced increased volatility, leading to a bearish momentum. But why did this happen? In this Ethereum price prediction article, we will explore the key factors behind the recent dip in Ethereum’s price, what it means for traders and investors, and how the market’s volatility has influenced this downward trend. How has the Ethereum Price Moved Recently? ETH/USD Daily chart- TradingView Currently, Ethereum is priced at $2,454.59, with a 24-hour trading volume…