Author: NBTC
Crypto analyst Nicholas Merten is leaning bearish on Bitcoin (BTC) as the flagship crypto asset hovers around the $94,000 price tag. In a new video update, the host of DataDash tells his 510,000 YouTube subscribers that he is expecting Bitcoin to undergo a “major collapse” over the coming two weeks. “Bitcoin is starting to showcase not only really worrying signs with its price action, we are obviously seeing altcoins follow as well. And even macro recessionary indicators starting to flare up in a significant way.” According to Merten, the 21-day exponential moving average (EMA) – which had previously acted as…
Ethereum (ETH) is showing strong signs of accumulation and potential for an upcoming price surge. On-chain data indicates record-low exchange supply, suggesting a possible bullish breakout in the coming days and investors’ sentiment is also turning bullish. Blockchain analysis platform, Santiment, reports Ethereum is being moved off exchanges and into cold wallets swiftly. Only 6.38% of ETH’s total supply remains on exchanges, marking the lowest level since its inception. This declining exchange supply is a bullish signal alongside a positive shift in community sentiment. While ETH underperformed compared to other large-cap cryptocurrencies in 2024, renewed interest in February suggests anticipation…
The S&P 500 index has broken records again, closing at 6,129.58 on Tuesday. It touched an intraday peak of 6,129.63 earlier, pushing its year-to-date gains to 4.5%, according to data from Google Finance. Investors keep piling in, even as inflation worries and President Donald Trump’s trade policies hang over the market. The Dow Jones Industrial Average barely moved though, adding 10 points, or 0.02%, to land at 44,556.34, and the Nasdaq Composite managed to close at 20,041.26, gaining 0.07%, per Google Finance data. Stock futures didn’t do much overnight, with S&P 500 and Nasdaq 100 futures edging up less than…
A SOL market dynamic that characterized the March 2024 price top has reappeared, clouding the token’s bullish technical outlook. Last week, centralized exchanges recorded a hefty net inflow of $227.21 million in SOL, the token powering Solana’s smart contract blockchain, marking the highest influx since the third week of March, according to Coinglass. Back then, exchanges saw a net inflow of over $300 million in SOL. Interestingly, that moment coincided with SOL’s the-then price rally peaking near $200 and paving the way for a seven-month range play between $120 and $200. A large movement of coins to exchanges indicates that…
Democrats are not happy with Musk and DOGE’s access to federal data. To that end, they have filed a lawsuit calling the billionaire an “agent of chaos” in the federal government. They say the billionaire has been given virtually unchecked authority without proper legal authorization and supervision of his authority. The Trump administration has said that Musk does not have the power that people think. Both Trump and Musk have said that Musk is responsible for DOGE’s work cutting back on federal agencies. In fact, when Trump spoke about DOGE at a joint press conference last week, he mentioned that…
Trading and investing platform eToro has achieved SOC 2 Type II compliance for its cryptoasset custody services. The certification follows an independent audit assessing the company’s security controls over an extended period. “Achieving the SOC 2 Type II compliance certification once again underscores our commitment to operational excellence in crypto custody,” Hedva Ber, Deputy CEO and COO at eToro said. SOC 2 Type II is a compliance framework developed by the American Institute of CPAs (AICPA). It evaluates a service provider’s ability to protect sensitive data based on five trust service criteria: security, availability, processing integrity, confidentiality, and privacy. According…
Bitcoin targets $113,386 as a Falling Wedge pattern and rising open interest suggest a breakout. Institutional buying and reduced Bitcoin supply on exchanges support a bullish price move. Political changes and inflation fears boost demand for Bitcoin as a hedge against economic risks. Bitcoin’s price action suggests a potential breakout from a Falling Wedge pattern. This setup often leads to upward moves. Analysts predict a 20.7% increase, targeting $113,386 in the near term. $BTC (Bitcoin) looks to be working on a breakout of a Falling Wedge Pattern here and we are targeting $113,386 in an over +20.7% increase! pic.twitter.com/3Wtay3Q6zD —…
Ethereum’s transaction fees have dropped to their lowest level in a very long time, depicting a bullish setup for investors. Ether’s average transaction cost has dropped to 0.00005 ETH, which is a massive decline from 0.005 ETH recorded in early 2024. ETH price has struggled to keep up with other major altcoins, declining by 18% on a year-to-date (YTD) basis. A drop in Ether transactions can be seen as EIP-1559’s fee-burning mechanism received approval. However, layer-2 scaling solutions like Arbitrum and Optimism have also eased congestion on the network. Ethereum fees drop 97% According to the analysis shared by Santiment,…
Singapore-based blockchain platform DigiFT is set to tokenize a $6.3 billion private credit fund managed by Invesco, marking a major step in bridging traditional finance with blockchain technology. The move permits institutional investors to buy tokenized shares of the fund with U.S. dollars or stablecoins like as (USDC) USDC and USDT (USDT), according to Bloomberg. The Invesco private credit fund primarily invests in senior secured loans and has delivered a 4.5% annual net yield since its inception in 2006, DigiFT CEO Henry Zhang said. Unlike most tokenized private credit funds, which have long redemption cycles, this fund will offer daily…
At the start of the year 2025, Filecoin has made significant progress as a leading project in the decentralized storage sector. As per Filecoin, its milestones during the previous year, as Messari highlighted in its Theses for 2025, contribute a lot to its journey into this year with groundbreaking technological developments. As the new year begins, the findings from @MessariCrypto’s Theses for 2025 remain a testament to Filecoin’s growing momentum. From nearly 30% storage utilization growth to advancements like FWS and Fast Finality (F3), Filecoin is shaping the future of decentralized storage. pic.twitter.com/zQZBb1zdii — Filecoin (@Filecoin) January 5, 2025 Based…