Author: NBTC
As the crypto total market cap stands at $3.16 trillion, Bitcoin is stuck under the $98,000 mark. Currently, BTC trades at a market value of $97,562, registering a 24-hour drop of 1.16%. As BTC remains under a $2 trillion valuation, the growing bearish influence marks the 7-day return at 4.69%. While the daily trend showcases a lateral shift, the rising influence of sellers is posing a threat to a sharp pulldown. Will this result in a downfall in Bitcoin under the $90,000 mark, or is the uptrend inevitable? Bitcoin Analysis Crucial Crossroads at $97k In the daily chart, the BTC…
The XRP Ledger halted block production for about an hour on Monday before spontaneously recovering, marking a rare disruption for one of crypto’s oldest networks. Network activity froze at ledger height 93927173, prompting an immediate investigation from validators. The XRP Ledger (XRPL) has since resumed normal operations, with no loss of assets or transactions reported. ✅ XRP Ledger is Back Online The XRP ledger is now fully operational after the recent halt, and transactions can resume as normal. We’re monitoring the situation and will share a full update once more information is available. — Xaman® Wallet 🪝 (@XamanWallet) February 4,…
The U.S. Securities and Exchange Commission (SEC) has begun restructuring its enforcement priorities under new leadership, steering its focus toward traditional violations and easing its stance on emerging sectors like cryptocurrency. Acting Enforcement Director Sam Waldon stated that the agency is realigning its approach to concentrate on insider trading, accounting fraud, and misconduct that directly affects individuals, including schemes targeting older citizens. These remarks were delivered at a securities industry gathering, just as the commission adjusts its posture under a new Republican-led administration. SEC Steps Away From Novel Legal Theories In recent years, Reuters reports that the SEC expanded its…
El Salvador bought 12 more BTC, bringing its total holdings to 6,068 BTC. IMF’s $1.4 billion Loan deal pressured El Salvador to drop mandatory Bitcoin acceptance for businesses. Bitcoin struggles to stay above $100K, hitting a 24-hour low near $96K. El Salvador isn’t slowing down on its Bitcoin journey. Even after adjusting its laws to meet the IMF’s $1.4 billion loan requirements, the country continues to buy more BTC whenever prices dip. Recently, El Salvador’s Bitcoin Office confirmed the purchase of 12 more in a single day, bringing its total holdings to 6,068 BTC, now worth over $554 million. El…
The ever-evolving crypto world is moving toward massive token unlocks as per tokenomics. As per the data from Phoenix Group, the approaching token unlocks take into account, Sleepless AI, Ethena, And Galxe in the prominent positions. The crypto analytics firm took to social media to disclose the list of these impending token unlocks. TOP UPCOMING TOKEN UNLOCKS #SleeplessAI $AI #Ethena $ENA #Galxe $GAL #Kaspa $KAS #Jito $JTO #Neon $NEON #Xterio $XTER #Movement $MOVE #XAI $XAI pic.twitter.com/42daAwRWw8 — PHOENIX – Crypto News & Analytics (@pnxgrp) February 4, 2025 Sleepless AI Dominates Top Impending Token Unlocks with 1.72% of Supply to Be…
Nigeria has taken a significant step towards regulating cryptocurrencies with the signing of the Nigerian Investments and Securities Act (ISA) 2025 into law. Cryptocurrency Officially Recognized As Asset Class The Nigerian Investments and Securities Act (ISA) 2025, recently signed into law by President Bola Ahmed Tinubu, has effectively ended the uncertainty surrounding the status of cryptocurrencies. According to Ophi Rume, a local crypto advocate and educator, the amended securities law “officially” recognizes cryptocurrencies as an asset class. This recognition not only ends the uncertainty around cryptocurrencies but also means they are no longer banned assets. Furthermore, Rume said, law enforcement…
The leading cryptocurrency Bitcoin (BTC) has experienced major price increases since early 2023. While BTC rose above $108,000 during this rise, its upward momentum has decreased recently. Bitcoin’s ongoing price consolidation between $90,000 and $100,000 is the third consolidation of the broader bull run that started at $20,000, with the general expectation that this consolidation will end with a bull breakout similar to the one in mid-2024 and 2023. However, analysts said three developments suggest that Bitcoin’s bullish momentum is weakening. USD Liquidity Shortage! At this point, it was stated that the first development was that USD liquidity began to…
Key Takeaways CALICOIN, a Solana-based meme token, reached a $30 million market cap within hours of its launch. The token was created by Nathan Copeland, a brain-computer interface pioneer with notable achievements in digital art and BCI research. CaliCoin (CALICOIN), a new Solana-based meme token created by a brain-computer interface pioneer, achieved $30 million market capitalization within two hours of its launch, according to data from GeckoTerminal. CaliCoin was created by Nathan Copeland, who has been living with quadriplegia following a car accident in 2004. The life-changing event led him to become involved in brain-computer interface (BCI) research. The 38-year-old…
A member of the California State Assembly has introduced an amendment to a recently introduced money transmission bill that would protect the ability of state residents to use cryptocurrencies as a means of payment. First introduced by Democrat Senator Laura Richardson on February 20 as the Money Transmission Act, the bill had been concerned primarily with requiring digital wallet providers operating in California to “take certain actions” to ensure the security of their products, including the use of two-factor authentication. Introduced on Friday, the new amendment from Democrat assembly member Avelino Valencia renames the bill as the Digital Assets Act,…
As Bitcoin’s price holds below $100,000, experts warn that the time may not be right for new long trades. Bitcoin (BTC) is still above $100,000, but signs of a slowdown are showing, and analysts warn it might be too early for long positions. Despite Bitcoin’s recent jump past $102,000 after dipping to $91,229 on Feb. 3, the Relative Strength Index has been consolidating. “Bitcoin has historically presented strong buying opportunities only when the RSI dropped to around 40%,” analysts at blockchain firm Matrixport wrote in a Feb. 5 research note. As of press time, the RSI sits at 48%. The…