Author: NBTC

While gold hits a record price at $2,848 per ounce, more and more financial experts and professionals voice their preference for Bitcoin over gold. In a commentary to Livewire Markets, CEO and founder of the Nasdaq-listed tech company IREN Daniel Roberts said Bitcoin needs to reach at least a $900,000 price to reach gold in terms of market cap, and it will by 2030. Table of Contents Roberts’ prediction Bitcoin vs gold Roberts’ prediction Daniel Roberts is no stranger to cryptocurrency. His company, IREN, is an Aussie enterprise providing data centers using renewable energy for Bitcoin mining, powering AI, and…

Shares of GameStop (GME), the embattled video game retailer turned memestock darling, plunged 25% on Thursday, more than erasing all the gains since the company earlier this week announced it will add bitcoin (BTC) as a treasury reserve asset. GME fell to just above $21 during the session, trading at its lowest price since October and down over 28% from its Wednesday peak of nearly $30. The price action happened after the company unveiled plans late Wednesday for a $1.3 billion, 0% convertible note offering to raise money for its BTC acquisition plan. After an initial wave of euphoria among…

Sei Blockchain has been showing explosive growth, surpassing expectations with its $730 million Total Value Locked (TVL) and claiming the 12 spot by daily active addresses in January 2025. This surge, coupled with its position as the blockchain with the lowest transaction fees, places Sei among the top contenders in the blockchain space as it continues to expand. Sei’s Growth: TVL Hits $730M in Just Six Months Sei Blockchain achieved a remarkable growth in its Total Value Locked (TVL), reaching $730 million as of January 2025 during its six-month period. The USD valuation of Total Value Locked shows substantial growth,…

Germany’s Social Democratic Party (SPD) wants to abolish the country’s one-year crypto-holding tax exemptions and replace them with a capital income tax of 30% on all crypto profits. That’s according to a published excerpt of coalition negotiations between the SPD, the Christian Democratic Union (CDU), and the Christian Social Union (CSU). On taxation of capital income, the SPD claimed, “We are increasing the withholding tax rate on private capital income to 30 percent. We are taxing income from cryptocurrencies as capital income.” Educational crypto platform Blocktrainer claims the proposed change is “a planned flat-rate tax of 30% on all crypto…

Retail sentiment toward Ethereum (ETH) remains weak, but analysts suggest that a significant breakout could be on the horizon. Despite Ethereum’s sluggish price action, multiple on-chain indicators and technical patterns hint at an impending bullish reversal. Ethereum Retail Sentiment At Low Amid Sluggish Price Action According to cryptocurrency analyst Mister Crypto, retail interest in ETH is “extremely low,” as indicated by Google Trends data. Compared to its 2017 and 2021 peaks, Ethereum’s current sentiment ranks significantly lower, suggesting that many retail investors are sitting on the sidelines. Historically, low retail sentiment often signals a prime buying opportunity for institutional investors…

One bitcoin (BTC) holder metric is pointing to price growth in the months ahead even as activity on the blockchain falls to its lowest in a year, a CryptoQuant analysis noted this week. The firm’s Bitcoin Network Activity Index has been down 15% since November 2024’s record high and stands at 3,760 as of Friday morning, its lowest level since February 2024. The index is a cumulative measure of active addresses, number of transactions, block size and fees among other bitcoin metrics to indicate growth or a drop in Bitcoin usage. A drop in activity was marked by a sharp…

South Korean investors are very interested in cryptocurrencies. So much so that some altcoins are of great interest, with XRP being the most popular. A recent survey conducted in South Korea revealed that South Korean investors are investing the most in XRP after Bitcoin and Ethereum. In a survey conducted by Web3 consultancy firm DeSpread, more than 70% of investors stated that they made a profit in 2024, and stated that they used Upbit and Binance the most. South Koreans also added that they follow YouTube and Telegram. XRP also topped the list of assets held by South Korean investors.…

In a fresh shake-up, Tether (USDT) stablecoin has once again overtaken XRP in the crypto market rankings. With a market capitalization of $141.4 billion, Tether now ranks as the third largest cryptocurrency, pushing XRP to the fourth spot with a current market valuation of $139.72 billion. Bitcoin is down again on Friday, having fallen roughly 7% in the last week — but practically every other asset in the top 10 coins by market capitalization (excluding dollar-pegged stablecoins) has declined by twice that percentage or more. XRP suffered major losses among the top 10 cryptocurrencies by market capitalization over the last…

Pro-XRP lawyer John Deaton may have lost his longshot bid to dethrone anti-crypto Sen. Elizabeth Warren in Massachusetts last fall, but the former GOP candidate is already considering another Senate run. This time he wants to tangle with the state’s three-term Junior Sen. Ed Markey. The political hopeful—a self-identified pro-abortion independent who only recently allied himself with the Republican Party— believes he can use his newfound “name recognition” to launch a successful campaign against Markey, a beloved career politician with deep roots in New England. The challenge, Deaton told Decrypt, will be convincing digital assets industry donors with deep pockets…

Ethereum price remained supported above the $1,980 level. ETH is now consolidating and remains at risk of a downside break. Ethereum struggled to continue higher above the $2,050 resistance level. The price is trading below $2,020 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,040 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,040 and $2,100 resistance levels to start a decent increase. Ethereum Price Dips Again Ethereum price failed to continue higher above $2,100 and corrected some gains, like Bitcoin. ETH declined below…