Author: NBTC
A crypto strategist known for accurately calling the May 2021 Bitcoin meltdown predicts that BTC will undergo a big move down in the coming weeks. Pseudonymous analyst Dave the Wave tells his 147,300 followers on the social media platform X that BTC may be mirroring a pattern seen last year when Bitcoin printed new highs at around $74,000 before plunging below $50,000. “End of March should see the worst of the BTC consolidation based on this fractal… Those disappointed not to have seen an immediate parabola should take solace in the technically superb nature of the chart.” Source: Dave the…
The long-simmering feud between the proponents of Stellar (XLM) and the Ripple-linked XRP cryptocurrency dramatically escalated during the weekend. This came after Build on Stellar (@BuildOnStellar) took a not-so-veiled dig at Ripple in a recent social media post. The post, of course, refers to Ripple’s long-lasting legal battle with the U.S. Securities and Exchange Commission. The XRP community was instantly up in arms over the rather caustic social media post. Some of its members have called for selling all XLM tokens. Other commentators have accused Stellar of being an XRPL copycat. “Imagine forking the XRP Ledger and calling it progress,”…
As Bitcoin (BTC) hovers below the $100,000 mark, a trading expert is cautioning that investors should anticipate a possible extended downturn for the maiden digital asset. To this end, as Bitcoin witnesses a shift in market sentiment and technical signals pointing toward further declines, the cryptocurrency’s inability to reclaim key resistance levels suggests BTC could touch $90,000, according to an analysis by R. Linda shared in a TradingView post on February 8. In this line, the expert stated that after the leading digital currency failed to sustain momentum near its all-time high range, Bitcoin entered a local selling zone below…
It started with a post. Just another social media comment from the “Build on Stellar” account, but this one landed differently. The post took aim — subtly but unmistakably — at Ripple, referencing its prolonged legal battle with the U.S. SEC. The XRP community was not amused and they made sure everyone knew it. Among those voicing frustration was John Deaton, a legal representative for XRP holders in the class-action lawsuit against the SEC. Deaton criticized McCaleb’s actions, pointing out that a founder publicly taking shots at the company he co-founded was problematic, especially given Ripple’s ongoing legal battle. He…
Strategy co-founder Michael Saylor on Sunday posted the Bitcoin tracker on X, signaling a possible resumption of Bitcoin acquisitions after a week’s break. The hint comes as Bitcoin’s price fluctuates, dipping below $96,000 earlier today before rebounding above $96,500, according to CoinGecko. Death to the blue lines. Long live the green dots. pic.twitter.com/SOtFHRoykd — Michael Saylor⚡️ (@saylor) February 9, 2025 Strategy, formerly known as MicroStrategy, currently holds 471,107 Bitcoin valued at over $45 billion at current market prices. The company’s most recent acquisition of 10,107 BTC was made in the week ending Jan. 26, at an average price of $105,596…
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a surge in its burn rate, with over 2.26 million SHIB tokens removed from circulation. According to data from Shibburn, the daily Shiba Inu burn rate has skyrocketed by 226%, marking another strong push in the community’s ongoing effort to reduce Shiba Inu’s circulating supply. According to Shibburn X, 2,261,918 SHIB were burned in the last 24 hours, while 44,838,526 were destroyed in the last seven days. HOURLY SHIB UPDATE$SHIB Price: $0.00001622 (1hr -0.25% ▼ | 24hr 7.15% ▲ )Market Cap: $9,558,546,836 (7.04% ▲)Total Supply: 589,255,623,674,756TOKENS BURNTPast 24Hrs: 2,261,918 (226.69% ▲)Past 7 Days:…
Cryptocurrency analytics firm Alphractal has released its latest assessment of Bitcoin, noting that the aggregate funding rate across 11 major exchanges remains positive despite the recent BTC price drop. According to Alphractal, the average funding rate shows that more traders are going long than short. This means that short positions receive compensation, while long positions pay funding fees that are charged every eight hours. Currently, only BitMEX (XBTUSD) and OKX (BTC-USD-SWAP) are showing negative funding rates, while Bitfinex (BTC-USDT) has the highest positive rate. Alphractal outlined two potential scenarios based on funding rate trends: If the funding rate remains positive,…
A trader who is also known by the cryptocurrency community on X, this time made a profit on another trending altcoin, after previously making a large profit on Official Trump (TRUMP), the official memecoin of US President Donald Trump. According to cryptocurrency onchain data, the trader, known as XX on X and having 29 thousand followers, spent $7.3 million to buy TRUMP on January 18 and January 19, and sold these tokens for $34.8 million two days later, making a total profit of $27 million. According to the latest data, this crypto whale bought $3.13 million from the Test (TST)…
MEXC said it has liquidated a large-scale group of market manipulators engaged in various malicious activities, including self-trading, spoofing, and front-running. Presence of Institutional Actors Draws Concern Cryptocurrency exchange MEXC recently announced that it liquidated a large-scale, coordinated group of market manipulators engaged in self-trading, spoofing, layering, front-running, and quote stuffing. According to the exchange, a total of 44 users from Vietnam and 138 from Commonwealth of Independent States (CIS) countries were stopped, while 168 Vietnamese accounts and more than 1,500 accounts in CIS countries were frozen. In a March 25 blog post, MEXC’s investigation found the “presence of large…
Bitcoin’s price on February 9, 2025, stood at $96,413. It has a market cap of $1.911 trillion, a 24-hour trade volume of around $23.62 billion, and an intraday price range between $95,782 and $97,317. Bitcoin Bitcoin‘s 1-hour chart reflects a period of consolidation following a drop from a local high of $100,185 to a low of $95,662. Support appears firm in the $95,500–$96,000 range, while resistance is forming between $98,000 and $99,500. Recent volume spikes indicate the potential for increased volatility, with a break above $98,500 likely to push prices toward $100,000. However, failure to hold $95,500 could open the…