Author: NBTC
Ethereum is facing a crucial resistance region, including the 200-day moving average and the descending wedge’s lower boundary. The price action at this level is critical, as a potential rejection could lead to a decline toward the $2.5K threshold. Technical Analysis By Shayan The Daily Chart After rebounding from the $2.5K support region, Ethereum has experienced increased buying activity, leading to a minor surge. However, the price now confronts a significant resistance zone, which includes the 200-day moving average and the key $2.9K level. This area is expected to be filled with supply, making it a challenging barrier for buyers…
Shares of financial services company Robinhood fell 14% in their worst week since August as investors withdrew from the surge that followed President Trump’s election. The stock is nearing a 14% weekly decline after dropping as much as 17%. On February 12, the trading platform reported exceptional fourth-quarter earnings, with revenue more than doubling. This contributed to a remarkable 162% surge in its stock price from November 5, following Trump’s election, through the end of last week. However, Citigroup Inc. and Wolfe Research LLC analysts noted that much of the company’s earnings growth potential was already reflected in the stock’s…
Meme2Earn has announced a major token burn, reducing the circulating supply of its NUDES token by 69.42%, equivalent to a value of approximately US $1.5 million at the time of announcement. The burn will begin during the Meme2Earn New Year’s Fireplace event on Jan. 28, 2025, and will be completed over the subsequent weeks. At launch, NUDES had a total supply of 10 quadrillion tokens. Meme2Earn will burn 6.942 quadrillion NUDES, leaving a new total supply of 3.058 quadrillion tokens. The first burn will account for 6.5 quadrillion NUDES, while the remaining 442 trillion will be burned incrementally over the…
Oobit, supported by Tether, has announced a significant update that allows users to connect external wallets such as MetaMask, Trust Wallet, and Phantom directly to the app. This integration simplifies crypto payments, eliminating the need for manual transfers and reducing the risk of errors. News in crypto payments thanks to Oobit: how does the integration of the MetaMask wallet work? The expansion of the Oobit ecosystem News in crypto payments thanks to Oobit: how does the integration of the MetaMask wallet work? With this new feature, users can make immediate payments using the funds in their decentralized wallets. Until now,…
Owning 0.01 BTC positions you better than most globally, given Bitcoin’s growing importance and limited supply. Dollar-cost averaging is an effective strategy to accumulate Bitcoin while maintaining discipline and building wealth gradually. In a recent video titled “Why Having 0.01 BTC is a Big Deal,” crypto expert Lark Davis made a strong case for why even a modest Bitcoin investment may be valuable over time. Davis begins by debunking a common misconception: owning 0.01 BTC, equivalent to approximately $1,000 at current exchange rates, will not instantly transform someone into a wealthy individual. Forget fantasies of luxury automobiles or yachts; instead,…
Ethereum faced steep losses Friday after a security breach at Bybit drained an estimated $1.4 billion from the exchange. Ethereum Faces 2.6K Low Following the Hack—Can Recovery Hold? Bybit’s CEO confirmed on Feb. 21, 2025, that the platform lost a large portion of its crypto reserves in the attack, which targeted ETH, mETH and stETH holdings. The incident sent Ethereum’s value tumbling, with prices dropping sharply in its wake. Ether (ETH) plunged to $2,675 immediately after the breach but later rebounded to $2,763. Before the hack was disclosed, ETH had traded at $2,837. Derivatives markets mirrored the chaos: Within one…
According to a new survey of FTX creditors, 79% plan to reinvest their payments into crypto. More than half of them plan to buy Solana, and meme coins and AI tokens are also popular. However, a deeper look into the survey’s methodology suggests a strong bias toward Solana enthusiasts. While some participants may have a genuine interest in other assets, their preferences might not reflect the broader sentiment of all FTX creditors. FTX Creditors are Likely to Reinvest Funds into Crypto Since the FTX collapse in 2022, the residual fallout has left deep marks on the crypto space. Earlier this…
Spirit Blockchain Capital, a blockchain-focused investment firm publicly traded on the Canadian Securities Exchange, has announced a yield generation strategy targeting its Dogecoin holdings. The announcement follows Spirit’s recent acquisition of Dogecoin Portfolio Holdings Corp., a blockchain startup focused on Dogecoin (DOGE) and related assets. Dogecoin Portfolio Holdings operates independently of the meme coin’s core blockchain operations but manages a portfolio aimed at creating value within the Dogecoin ecosystem. Spirit Blockchain Capital’s operations include cryptocurrency investments, blockchain advisory and consulting, crypto mining, and lending. The Dogecoin initiative forms part of the company’s efforts to maximize the utility and performance of…
Kraken exchange is getting ready to rejoin the Indian market after being banned in 2024 for violating anti-money laundering laws. The exchange has been working with local authorities to secure the permits required to resume operations. According to a news reporting by The Economic Times, Kraken has appointed Vishesh Khurana, co-founder of Shiprocket and managing partner at Tribe Capital India, as an advisor to lead its India expansion efforts. Arjun Sethi, founder of Tribe Capital and Kraken’s co-CEO, is expected to play a key role in shaping the exchange’s strategy in the country. Nine offshore exchanges, including Kraken, were blacklisted…
Amid broad market uncertainty over the past two weeks, there have been lingering questions over Bitcoin‘s price trajectory. Following the Federal Reserve’s projections of fewer than previously expected interest rate cuts in 2025, the asset has dropped from highs above the $106,000 price point to lows around the $92,000 price point, raising questions among some about the continuation of its bull run. Recently, one prominent market analyst has suggested that despite the growing uncertainty, Bitcoin could be replicating a pattern that it often has in parabolic runs while noting that a deeper correction may be required before a rally to…