Author: NBTC
After a strong breakout above $2,500, the Ethereum price today is trading near $2,667, sustaining bullish momentum despite signs of temporary consolidation. The recent rally has been fueled by a broader shift in sentiment and a clean break above the descending trendline seen on daily and 4-hour charts. With volatility increasing and several indicators signaling overbought conditions, traders are now asking: Why is the Ethereum price going up today, and can the rally extend toward the $2,745 resistance? Highlights Ethereum price breaks through key trendline, retesting $2,667 with rising momentum RSI and MACD flash signs of bullish continuation but with…
While there has been movement in Bitcoin (BTC) and altcoins in recent days, some altcoins, led by Ethereum (ETH), have positively diverged from the market. At this point, ETH maintained its second place with its unexpectedly huge rise, increasing by 44% in the last 7 days, while XRP, which has been the shining star of recent months with its rally after Trump’s victory, moved into third place with a 20% increase. There have been changes in the top 10 rankings on Coinmarketcap. Accordingly, XRP has left Tether (USDT) behind with a remarkable performance. According to data, XRP gained 20% in…
Congressional Democrats threatened lawsuits, introduced legislation and planned protests in the lead-up to U.S. President Donald Trump’s memecoin dinner. Trump, whose affiliated businesses issued the $TRUMP memecoin just days before he was inaugurated for his second term, announced he would host the 220 largest holders of his token for a dinner at the Trump National Golf Club in Potomac Falls, Virginia on Thursday, leading to a price spike as interested parties immediately bought more tokens to secure an invite. Critics called the move corrupt, pointing to the fact that foreign buyers who otherwise could not legally donate money to the…
⚈ Bitcoin trading near $97,000 puts $3.36 billion in shorts at liquidation risk.⚈ A 3.14% BTC price rise to $100,000 would trigger mass short liquidations.⚈ A 3.07% drop to $93,973 would also threaten $3.36 billion in long positions. Bitcoin’s (BTC) move to the upside could put crypto bears in quite a tough position if the cryptocurrency’s present rally continues. The leading digital asset was trading at $96,950 at press time on May 2, having seen a 2.64% increase in price over the past week. Some $3.36 billion in Bitcoin short positions are at risk of liquidation if BTC prices reach…
The official X account of the second-largest cryptocurrency, Ethereum, has published a list of 21 things that have been done in the global Ethereum ecosystem over the past few weeks. The 21 milestones were achieved by top crypto platforms running on Ethereum, as well as the major recent upgrade known as Pectra. Ethereum is for shipping.Here’s 21 things the global @ethereum ecosystem got done in the last few weeks:1. The latest upgrade to Ethereum, Pectra, went live.Pectra introduced smart account wallet features to improve UX, increased capacity for Ethereum L2s by 2x, and… — Ethereum.org (@ethereum) May 22, 2025 “Ethereum…
The Institute of International Finance (IIF), a major voice in global finance policy, recently acknowledged Ripple and XRP as viable alternatives for cross-border payments. This recognition appeared in the IIF’s response to the Bank for International Settlements (BIS) consultation through its Committee on Payments and Market Infrastructures (CPMI), under the G20’s roadmap to modernize and enhance global payments. WrathofKahneman (WOK), a well-known commentator within the XRP community, called attention to this recognition in a recent post. WOK noted that while the paper acknowledged Ripple’s blockchain-based model using XRP, it did not reference RLUSD, Ripple’s newly launched stablecoin, despite mentioning other…
With Bitcoin reaching an all-time high, all eyes are on regulations coming out of Washington. White House Artificial Intelligence and Cryptocurrency Advisor David Sacks participated in CNBC’s “Closing Bell Overtime” program and made important statements about both artificial intelligence regulations and the stablecoin bill. Sacks, who touched on the subject of artificial intelligence and chip export controls, said that while they stand behind the chip export restrictions to China, those controls for the rest of the world should be reconsidered. “When America competes, it wins. We don’t want advanced semiconductors to end up in China, but we should support other…
Pakistan’s government has moved to allocate 2,000 megawatts (MW) of electricity in the first phase of a national plan to support Bitcoin mining and artificial intelligence (AI) data centers. According to Pakistan’s Finance Minister, Muhammad Aurangzeb, this is the country’s first significant step towards becoming a digital economy. He said, “This allocation of power is not just about crypto or AI—it’s about shaping a digital future for the country.” The minister added that excess electricity could now be used as a “source of national income.” A Finance Division statement mentioned that the initiative, backed by PCC (Pakistan Crypto Council), a…
Large-scale transactions made by whales and institutional investors in the cryptocurrency market today attracted attention. Here are the prominent transactions of the day: On April 27, a mystery whale purchased 30,000 Ethereum (ETH) via over-the-counter transactions for a total of $54.9 million at $1,830. The same whale also purchased 600 Bitcoin (BTC), paying $56.94 million for the transaction. Just three hours ago, the same whale sold 30,000 ETH at $2,621, making $78.63 million and a net profit of $23.73 million. The remaining 600 BTC are still unsold, currently worth $66.5 million and currently showing a profit of $9.6 million. DWF…
Summer Mersinger, a member of the U.S. Commodity Futures Trading Commission (CFTC), has made a surprising decision to leave the institution, despite having years left on her term. Mersinger announced that he will be moving to a new role at the Blockchain Association in order to continue to play an active role in regulating the crypto industry. Speaking about the stablecoin regulation expected to pass the Senate, Mersinger said, “The passage of this bill shows that this asset class is now permanent and that the US aims to lead in this area.” He argued that the US could further consolidate…