Author: NBTC

According to recent order flow analysis, there may be manipulation taking place in the price action of Bitcoin. The way the market is acting right now has sparked concerns, especially in light of Bitcoin’s recent movements on Binance Spot, which seem more artificial than natural over the past day. The pullback of the $63,000 bid just prior to fresh sell pressure driving BTC down to $62,600 was one of the major indicators. This suggests that there are larger entities possibly influencing price action by manipulating bids and asks. Moreover, taker bids that precede the $62,500 offer and passive buying show…

Ethereum, a formidable player in the cryptocurrency realm, has continuously been measured against Bitcoin, the reigning digital currency by market capitalization. Despite Bitcoin’s unwavering dominance, there’s growing speculation in the crypto community about Ethereum’s potential to rival Bitcoin’s market valuation. But is this an achievable feat? How Does Ethereum’s Current Market Stand? Presently, Ethereum’s market value is significantly below that of Bitcoin. Trading at $2,643 and holding a market cap of $318.2 billion, Ethereum lags behind Bitcoin’s staggering $1.298 trillion market value. However, with the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs), Ethereum’s utility and adoption are on…

Cardano (ADA) reached the conditions to launch the long-awaited Chang hard fork. More than 70% of nodes are signaling the new chain version, which may lead to the imminent announcement of the hard fork. Cardano (ADA) may complete the most long-awaited event in 2024, introducing the Chang hard fork. The condition was that at least 70% of nodes would signal readiness. The main goal of the fork is to upgrade Cardano and allow even more decentralized coordination between nodes. The actual fork will not be centrally coordinated and will depend on nodes using the 9.1.0 version. The Cardano community is…

Binance, the world’s largest cryptocurrency exchange, announced that it will list EigenLayer (EIGEN) with its seed tag. “Binance will list EigenLayer (EIGEN) and open trading for the following spot pairs at 2024-10-01 05:00 (UTC). New Spot Trading Pairs: EIGEN/BTC, EIGEN/USDT, EIGEN/FDUSD and EIGEN/TRY. Users can now start depositing EIGEN in preparation for trading. Withdrawals will be opened on 2024-10-02 05:00 (UTC). Seed Label will be applied to EIGEN.” Binance warned investors that EIGEN is a relatively new token that poses higher than normal risk and is therefore likely to be subject to high price volatility. “EIGEN is a relatively new…

Bitcoin’s price is currently at a critical level, and its reaction will likely determine the mid-term trend of the entire crypto market. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the asset has been rallying since it rebounded from the $52K support level and has broken both the $56K and $60K levels to the upside with momentum. However, the market has finally reached the 200-day moving average, which coincides with the key $64K resistance level. A bullish breakout could lead to a new surge toward higher prices. Meanwhile, if the cryptocurrency gets rejected to the…

Ethereum staking returns are expected to exceed U.S. interest rates in the coming year, a shift that could bolster Ethereum’s price as investors seek higher yields. Driven by falling rates and rising transaction fees on the Ethereum network, shifting market dynamics are expected to narrow the gap between Ethereum staking returns and traditional risk-free rates in the coming quarters. The spread between Ethereum’s Composite Staking Rate and the Effective Federal Funds Rate has remained negative since mid-2023. However, two key factors could push the spread into positive territory by mid-2025, creating a “double-whammy effect,” according to crypto trading and institutional…

Shiba Inu (SHIB), a dog-themed meme coin, continues to expand beyond limitations and uncharted territories with a recently achieved milestone. In terms of performance, SHIB has slightly outperformed Ethereum (ETH), the second-largest cryptocurrency, in the last 12 months. Analyzing SHIB and ETH’s yearly performance Lucie, Shiba Inu’s marketing executive, gave the update earlier today in a post on social media X. The update comes amid a broader market rally, which saw SHIB and ETH recording gains of over 6% on the daily frame. Both SHIB and ETH have performed fairly well over the past year, according to data from Coincodex…

One of yesterday’s trending news stories on X was a supposed reminder that today, September 30, would be the day that FTX bankruptcy creditors would receive approximately $16 billion. Like many breaking headlines on X, however, that is entirely untrue. Posts about the supposed payouts and the ostensible distribution of FTT liquidity earned hundreds of thousands of impressions and thousands of likes. Undeterred by fact checks, traders bid up the price of FTX’s proprietary token, FTT, from less than $1.40 on Saturday to a high of $2.71 on Sunday. Although FTX’s bankruptcy estate has announced plans to make distributions during…

BTC price rose to $65,500 on major exchanges, a 7-week high. The upside sees most Bitcoin holders in profit, which IntoTheBlock puts at over 90% Bitcoin has spiked past $65,000, reaching the highest price level since early August 2024. The surge to the $65k level, with BTC hitting $65,500 on Coinbase, has put more than 90% of Bitcoin holders into profit. Notably, the surge has other coins looking to break higher. Ethereum has strengthened above $2,600, BNB is above $600 and Solana has jumped to $157. BTC/USD price chart. Source: TradingView BTC hits 7-week high In recent weeks, Bitcoin had…

Fractal patterns and Fibonacci analysis suggest Ethereum could reach $10K by year-end. Global liquidity and macro trends may drive Ethereum’s price surge alongside Bitcoin. As discussed recently by a CNF update, Ethereum is often called the Crown Prince, and Ethereum’s price is expected to make new all-time highs before 2025. Ethereum’s native token, Ether (ETH), is positioned to potentially reach $10,000 in the near future, supported by various bullish indicators and market patterns. In this post, we will discuss the 3 Bullish Factors to Watch in the Next Cycle of Ethereum (ETH) on its track to $10K: 2023-2024 Fractal Suggests…