Author: NBTC
Cryptocurrency analytics firm Alphractal has released its latest report shedding light on the impact of macroeconomic changes on Bitcoin and altcoins. The report focuses on the ongoing decline in the Effective Federal Funds Rate (EFFR) and its potential impact on traditional markets and digital assets. Alphractal points out the ongoing decline of EFFR by noting its historical correlation with major economic events. Declining EFFR levels, especially when paired with other macroeconomic metrics, often signal financial crises or shifts in monetary policy. The report includes a chart that marks periods when the EFFR fell with grey areas and significant rate changes…
A group of Bank of America customers are joining together to sue the US financial giant. A proposed class action lawsuit alleges BofA promised to hand a trove of reward points to new credit card customers, as long as they spent $3,000 within 90 days. But according to plaintiff Jean-Baptiste Boyer-Gomez, the bank has routinely short changed customers who signed up for the Air France KLM World Elite Mastercard. BofA promised 70,000 bonus miles and 40 experience points when customers met the requirements. Instead, the bank allegedly executed a “bait and switch” by applying a different promotional offer without proper…
Last month at the New York Times DealBook Summit, political analyst and media personality Van Jones admitted that the Democrats made a fatal mistake in not only largely disregarding the crypto voter but in acting against them during the last election cycle and more broadly during President Biden’s time in office. “50 million people bought some crypto — that’s a bet on [the] future,” said Jones. “They’re trying to get to a better future. Joe Biden, Kamala Harris, Elizabeth Warren beating the hell out of crypto was not smart,” he added. CNN host @VanJones68 says, “Democrats ran people out of…
With Ethereum breaking past $2,800, will buyers restart the bull run to surpass the $3,000 psychological mark? As Bitcoin struggles to reclaim the $100,000 mark, Ethereum faces resistance above $2,800. Currently, Ethereum trades at $2,840, marking a 4.52% surge in the past 24 hours. However, the bullish recovery faces strong resistance, hinting at a potential failure. Is Ethereum bound for another rejection, or is a breakout rally imminent? Ethereum Price Trend Analysis In the 4-hour price chart, Ethereum reveals a breakdown rally from a local support trendline. However, with a quick V-shaped reversal and a rounding bottom pattern, ETH is…
Litecoin price remained on edge during the weekend, mirroring the performance of Bitcoin, which remained below $95,000. Litecoin (LTC), a popular proof-of-work coin, was stuck at $103.03, down by 30% from its highest level in 2024. This decline aligns with most cryptocurrencies, which have pared back some of the gains made last year. Litecoin’s performance was also because of the falling odds that the Securities and Exchange Commission will approve a spot LTC ETF in 2025. According to Polymarket, these odds have dropped to 42% from this year’s high of 60%. LTC ETF odds have fallen | Source: crypto.news Eric…
At the ONDO Finance Summit 2025, Ripple’s Chief Technology Officer (CTO), David Schwartz, shared his thoughts on the future of Ripple, the broader cryptocurrency space, and the company’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Talking to CoinDesk, Schwartz opened up about the importance of institutional adoption in the blockchain and cryptocurrency industries, citing it as a key factor for mass retail adoption in the future. Schwartz began by reflecting on Ripple’s journey, noting the ups and downs the company has faced over the years. He said that while many in the industry once believed retail…
Crypto analyst Tony Severino has revealed that the Bitcoin Percentage Price Oscillator (PPO) has turned red after reaching $102,000. He further explained what this development means for the flagship crypto in relation to the ongoing bull market. Bitcoin’s Weekly PPO Turns Red At $102,000 In an X post, Severino revealed that the Bitcoin weekly PPO just turned red after reaching $102,000. The analyst had mentioned before that when the weekly PPO turns red, the end is near for Bitcoin’s bull run. He warned back then that this indicator could be pointing to the top soon. As to how this market…
The widely followed cryptocurrency analyst Benjamin Cowen is warning that Ethereum (ETH) could slide further against Bitcoin (BTC). In a new video, Cowen tells his 866,000 YouTube subscribers that Ethereum could continue falling against Bitcoin if the US monetary policy remains restrictive. “This cycle Ethereum has had plenty of narratives – the transition from proof of work to proof of stake, it being deflationary for a period of time… …among other narratives as well – the spot ETF, institutional buying… it has not stopped Ethereum/Bitcoin from dropping… …as we’ve said for a long time until quantitative tightening ends, Ethereum/Bitcoin can…
The issue of stablecoin integration has long been a point of contention within the Cardano (ADA) community. Despite the growing influence of USDC and USDT on other blockchains, Cardano has yet to secure major partnerships with these stablecoins. For many ADA enthusiasts, the absence of USDC by Circle and USDT by Tether casts doubt on the blockchain’s potential and its ability to attract investment. This ongoing frustration resurfaced recently, thanks to a post by Cardano contributor Mateusz Czeladka, which reignited the debate. Czeladka voiced his concerns about the Cardano Foundation’s reluctance to engage with prominent stablecoin issuers. He suggested that…
Brazilian lawmaker Adriana Ventura has introduced a draft bill that would allow investment funds in Brazil to invest in crypto, including bitcoin. Draft Bill Could Let Brazilian Funds Invest in Crypto Brazilian investment funds may soon gain regulatory approval to buy cryptocurrencies, thanks to a new draft bill introduced by São Paulo MP Adriana Ventura. The bill, published on the Brazilian parliament’s website, aims to meet growing demand from investment funds interested in crypto while ensuring a regulated and safe environment. Ventura argues that this move would allow funds to diversify their portfolios and strengthen Brazil’s position in the rapidly…