Author: NBTC
Bitcoin has continued to receive substantial support around the $90K level, sparking a slight recovery. However, the prevailing bullish momentum appears insufficient to trigger a fresh rally toward a new all-time high, suggesting the likelihood of consolidation within this area in the short term. Technical Analysis By Shayan The Daily Chart After a period of decline, Bitcoin has found strong support at the critical $90K region, highlighting the presence of buyers at this level. This support aligns with the middle threshold of its multi-year ascending channel, reinforcing its significance. Despite a slight increase in buying pressure resulting in a minor…
The Binance Coin (BNB) ecosystem gains momentum, spurring surging activities on the leading decentralized exchange PancakeSwap. After a long time of suppression—according to former Binance CEO Changpeng Zhao—the BNB Chain is back. Bullish macroeconomic boosts and recent chain upgrades have renewed the ecosystem’s earlier dwindling traction. Notably, PancakeSwap, the most prominent decentralized exchange in the BNB Chain ecosystem, has been at the forefront of this revitalization. The platform recently recorded the largest trading volume among other DEXs in both the daily and weekly timeframes. The PancakeSwap Reincarnation DeBridge, a cross-chain interoperability and bridging protocol, earlier highlighted a growing asset transfer…
As noted by analyst Conor Grogan, just one Robinhood wallet owns $9.3 billion worth of Dogecoin (DOGE). Robinhood has a single wallet with almost $10B of dogecoin in it pic.twitter.com/GpzLKL9zCW — Conor (@jconorgrogan) January 9, 2025 The original meme cryptocurrency, which currently has a market cap of $46 billion, has long been the darling of Robinhood users. Back in 2021, Dogecoin emerged as the platform’s bread and butter, accounting for a significant chunk of its revenue. The meme coin experienced a massive rally due to constant social media attention from billionaire Elon Musk and other prominent personalities. The insane speculative…
FOX reporter Eleanor Terrett recently took to her X account to highlight a shift in the Federal Reserve’s approach to cryptocurrencies. According to Terrett, a pair of speeches delivered on February 7 by Republican Federal Reserve Governors Michelle Bowman and Christopher Waller signaled a more open stance toward digital assets and their role in the financial system. In her speech on Feb. 7, Bowman emphasized the importance of clear and sensible regulation that encourages financial innovation rather than stifling it. She acknowledged that past regulatory approaches, like excessive de-risking, will not be effective for emerging technologies… — Eleanor Terrett (@EleanorTerrett)…
The price of Bitcoin has shown no significant movement in the past day following a price rebound at the start of January 2025. Currently trading near $98,000, speculation is mounting about whether Bitcoin has exited its correction phase, with high expectations of an impending bull market. Strong Bitcoin Support Zone Emerges Between $95,090-$96,531 In an X post on January 4, digital asset analysis platform More Crypto Online shared an insight on the present state of the Bitcoin market. With the application of the Elliott Wave Theory, these analysts deduced that Bitcoin’s price may have developed a potential 5-wave pattern which…
Four Solana trading bots pulled in more revenue over the past 24 hours than Ethereum, with the top three also beating out the altcoin giant over the past 30 days. According to DefiLlama, in the past 24 hours, Ethereum made $528,540 in revenue while bots BullX, Trojan, BONKbot, and Maestro made $1.63 million, $685,315, $547,290 and $530,079 respectively. In the past month, Ethereum has made $81.84 million in revenue (as well as $111.41 million in fees) while BullX, Trojan, and BONKbot have earned $49.66 million, $32.03 million, and $31.39 million respectively. Stablecoin provider Tether, Circle, and memecoin platform Pump Fun,…
TON chain aims to reboot NFT, after launching Telegram gifts. Users can apply Stars to transform a gift into an NFT, boosting its value and making it transferable on-chain. TON chain is growing its NFT activity, almost catching up with Bitcoin ordinals. The activity is based on Telegram gifts, which start out as images but can be minted as NFT. TON is a relatively new hub for NFT and is still niche compared to more established chains. However, TON NFT markets are in their rapid expansion chain, while older networks retain a fraction of their volumes. In the past 24…
The crypto market keeps witnessing turbulence, with diverse assets seeing huge losses. As per Lookonchain, a $PEPE whale has incurred a massive loss after selling 85B $PEPE tokens for 1.51M $USDC. This event indicates the rising uncertainty in the crypto market. As the market dropped, a whale sold 85B $PEPE for 1.51M $USDC at a loss 1 hour ago.This whale still holds 180.8B $PEPE ($3.2M) and has incurred a total loss of $1.74M.https://t.co/pt1BIxEr2v pic.twitter.com/0QKE3Tlu20 — Lookonchain (@lookonchain) January 9, 2025 The on-chain analytics provider asserted that the sheer market slump of $PEPE has led to the respective losses. The incident…
U.S. Customs and Border Protection are reportedly seizing Bitcoin mining rigs. Among several promises made to the crypto industry on the campaign trail, President Donald Trump emphasized that he wanted Bitcoin to be “made in the USA.” But the U.S.’s desire to get one up on China may now be hindering this goal. Customs Hold on To Bitcoin Mining Equipment at Great Cost to Miners U.S. Bitcoin mining firms are facing significant delays in receiving new equipment amid seizures from Customs and Border Protection under the direction of the Federal Communications Commission, Blockspace reported on Wednesday, February 12. This report…
As 2025’s start gets underway, Michael Saylor, executive chairman and co-founder of MicroStrategy, has revealed the key thing he’s thinking of. In a tweet, Saylor wrote, “Thinking Bitcoin.” This is hardly surprising given that Saylor is an ardent Bitcoin advocate, and under his leadership, MicroStrategy has become one of Bitcoin’s major corporate holders. The corporation has no intention of backing down, with plans to raise $2 billion in capital through public offerings of perpetual preferred stock in the first quarter of 2025. Thinking about Bitcoin. pic.twitter.com/aV42LzSjBp — Michael Saylor⚡️ (@saylor) January 4, 2025 According to a press release issued Jan.…