Author: NBTC
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. After bitcoin’s ascent to $109,000 and a more recent decline below $93,000, the asset’s price has fluctuated between those levels. While price predictions remain a normal part of industry fodder, Copper.co took a bit of a different approach. The crypto custody firm blended technical indicators (like the Relative Strength Index) with historical returns, volatility clustering and daily range behavior to forecast possible BTC price outcomes. “Our main goal was not to pinpoint a specific final peak for bitcoin, but instead to identify price points at which…
As Tesla CEO Elon Musk takes a more active role in the new US administration alongside Donald Trump, he is exploring the use of blockchain applications for DOGE, the Department of Government Efficiency he heads. In recent weeks, Elon Musk has said he is in talks to use blockchain to track federal spending, protect data, facilitate payments and manage buildings. While these talks continue, Hedera (HBAR), one of the popular altcoins of recent times, announced that it wants to integrate its blockchain into DOGE. Stating these requests in a post they made from their X account, the Hedera team called…
DeFi protocols are once again facing liquidations as Ethereum (ETH) dipped to a lower range under $1,900. Maker is one of the major venues for liquidations, with $229M in ETH held in two major loans. DeFi protocols once again face liquidations, as Ethereum (ETH) dipped under $1,900. The latest market downturn pushed ETH as low as $1,807.77, threatening the liquidation prices of large positions. One of the whales has a liquidation price of $1,787.86, based on a 171% collateral ratio. So far, the whale has loaned over $68M in DAI, locking in higher ETH prices. While the whale may still…
Solana co-founder Anatoly Yakovenko has opined that Bitcoin, the largest cryptocurrency, is heading toward a “hybrid” proof-of-stake (PoS) model. He argues that custodians and centralized exchanges will reject long-range attacks against a known set of “good” miners if the flagship coin does end up part of national reserves. This comes amid heated debates about Bitcoin’s security amid rapidly declining transaction fees. Justin Drake, a researcher for the Ethereum Foundation, provocatively stated that Bitcoin was “cooked” in a lengthy social media post. He estimated that it would take roughly $10 billion to perform a 51% attack, which Drake believes is “peanuts”…
Influential right-wing X account, Inevitable West, which is well known for spreading disinformation and has previously seen support from Elon Musk, has apparently been caught shilling an Indian Hindu-themed memecoin. The account shared the Pump Fun memecoin MEHADEV — named after a Hindu god — yesterday. However, the post was subsequently deleted. The Mahadev token exhibits typical rug pull price action. Read more: Enron abandons ‘performance art’ and just dumps a memecoin Last month, Inevitable West launched a coin called $WEST that rug-pulled investors. The account owner apologized, claimed the rug had nothing to do with them, and blamed another…
Ethereum continues to face pressure following its rejection from the $2,100 region, with the price now breaking below key support levels and testing lower demand zones. Technical Analysis By Edris Derakhshi The Daily Chart On the daily timeframe, ETH remains firmly in a bearish structure, consistently printing lower highs and lower lows. The rejection from the $2,200 region and a subsequent breakdown below $1,900 has re-established bearish momentum, with the price now heading toward the next major demand zone around $1,600. The 200-day moving average also trends slightly downward and sits far above price action, reinforcing long-term bearish bias. Moreover,…
Bitcoin or gold? Or Bitcoin and gold? Investors are weighing where to put their money in times of uncertainty—and no time is more uncertain than now. President Donald Trump’s tariffs—or threats of tariffs—have rocked markets, making “risk-on” assets like crypto less appealing. The price of gold hit a new high Monday, while Bitcoin dropped below $93,000, down about 14% from its all-time high price set on January 20. Bitcoin’s correlation to the precious metal is down significantly as investors flock to more traditional safe haven assets, experts told Decrypt. Bitcoin proponents have long claimed that the cryptocurrency’s unique selling point…
After a long wait, Berachain (BERA) officially announced the details of its highly anticipated airdrop. The announcement, made via the project’s official X account, confirms that the tokens will be available to claim starting February 6, 2025. Users will be able to claim their allocation using a variety of EVM-compatible wallets, including Metamask and OKX Wallet. As one of the final steps in the BERA token launch sequence, the Berachain Foundation was officially announced last week. The BERA token distribution includes an airdrop of 15.75% of the total supply dedicated to various segments of the Berachain community. This initiative aims…
Ethereum’s price fell below the $1,810 mark recently as increasing bearish pressure emerged across the crypto market. Current technical and on-chain indicators reflect a cautious investor stance. Trading activity shows signs of declining, consistent spot outflows continue, and weak momentum metrics signal a possible continuation of the downward trend. According to recent market data, Ethereum’s funding rates across major exchanges shifted into negative territory. This suggests many derivatives traders currently avoid high-risk leveraged long positions on ETH. Historical patterns observed between ETH funding rates and subsequent price action often show a strong correlation. Source: CryptoQuant How Have Past Indicators Predicted…
Centrifuge, a prominent platform for unlocking on-chain finance for investors, has announced a governance proposal CP141 seeking approval to develop Centrifuge V3. V3 is an EVM-based protocol designed to advance the real-world asset (RWA) market. The upgrade will introduce key features such as modular fund infrastructure, chain abstraction, and enhanced composability with decentralized finance (DeFi). New governance proposal CP141: Development of Centrifuge V3, a multi-chain, EVM based protocolThis proposal seeks governance approval to initiate the development of Centrifuge V3, an EVM-based protocol, to drive the next phase of growth for the RWA market. Built as a… pic.twitter.com/Z3COlStwKq — Centrifuge (@centrifuge)…