Author: NBTC

Bitcoin (BTC) rose above $97,000 last week, but fell to $94,000 after being rejected from the $98,000 resistance. Analysts reported that the decline in BTC was due to macroeconomic uncertainty and the FED’s announcement of its interest rate decision for May. While analysts warn that the price could drop further in the short term, one analyst has identified key support levels for BTC at $92,500 and $89,000. Speaking to Coindesk, FxPro analyst Alex Kuptsikevich noted that the market has returned to a key resistance zone that served as support from December to February, with the next downside targets being $92,500…

Joao Wedson, CEO of cryptocurrency analysis company Alphractal, made remarkable evaluations about the altcoin market in his statement. Wedson stated that there was a significant outflow of tokens from the Binance exchange, and that this was a strong accumulation signal. “Altcoins are exiting Binance heavily, a clear sign of accumulation. Many people are talking about the long-awaited altcoin season. An interesting way to identify potential altcoins is to follow the “Binance Net Flow Chart”. This indicator shows the balance of tokens entering and exiting Binance. On the map, green represents entries, and red represents exits,” Wedson said in his statement.…

Bitcoin (BTC) options market flows signal moderate risk aversion ahead of Federal Reserve (Fed) Chair Jerome Powell’s expected remarks on a potential June rate cut Wednesday. “While the Federal Reserve is widely expected to hold rates steady at this week’s meeting, we have only seen some nuanced demand for protective BTC puts, reflecting limited caution among sophisticated traders,” leading crypto options exchange Deribit’s CEO Luuk Strijers told CoinDesk. A put option gives the purchaser the right but not the obligation to sell the underlying asset at a predetermined price on or before a specific date. Think of it as an…

Stablecoins, like Tether USD Coin, continued their strong growth this week, with their market capitalization hitting a record of $243.8 billion. These coins have added over $38 billion in assets since they started the year with $240 billion. Tether (USDT) boasts a market cap jumping to over $151 billion, giving it a dominance of 62%. It is followed by USD Coin (USDC), which has $60.4 billion in assets, and Ethena USDe (USDe) with almost $5 billion. The recently launched USD1 by President Donald Trump’s World Liberty Financial has gained over $2.1 billion in assets. Most of these funds are likely…

A closely followed crypto analyst says that Bitcoin may have one last breakout rally before altcoins start to outperform BTC. The pseudonymous analyst known as Rekt Capital tells his 546,300 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may soon peak, opening the doors for altcoins to ignite explosive moves to the upside. BTC.D calculates how much of the crypto market cap belongs to BTC. A peaking Bitcoin dominance chart suggests that altcoins are close to outshining BTC. “Bitcoin dominance has one final leg left in its macro uptrend on the road to 71% (red).…

A closely followed crypto analyst says that Bitcoin may have one last breakout rally before altcoins start to outperform BTC. The pseudonymous analyst known as Rekt Capital tells his 546,300 followers on the social media platform X that the Bitcoin dominance (BTC.D) metric may soon peak, opening the doors for altcoins to ignite explosive moves to the upside. BTC.D calculates how much of the crypto market cap belongs to BTC. A peaking Bitcoin dominance chart suggests that altcoins are close to outshining BTC. “Bitcoin dominance has one final leg left in its macro uptrend on the road to 71% (red).…

Fartcoin (FARCTOIN), a rapidly rising meme coin, faces a price fall risk as a major whale today sold huge amounts of tokens for profitability. According to data reported by Onchain Lens, the whale has sold 5 million FARTCOIN tokens for $5.92 million USDC at a price of $1.18. A whale has sold 5M $FARTCOIN for $5.92M $USDC at a price of $1.18.Address: fHeQk3y3iDUUJVbwQfxQpKbWwhNjE8uG8DhwQosETWiData @nansen_ai pic.twitter.com/3RUdFpHdqM — Onchain Lens (@OnchainLens) May 17, 2025 Whale cashes out FARTCOIN profit Today’s sale of 5 million FARTCOIN tokens by this whale is significant. First, it suggests a strategic move by the investor to recoup…

A recently launched leveraged XRP ETF (exchange-traded fund) continued adding assets last week even as the XRP price retreated. The Teucrium 2x Long Daily XRP ETF, whose ticker symbol is XXRP, has accumulated over $106 million in assets since its approval in April. Most importantly, the fund has added assets in all weeks since its inception, with last week being its best. ETF.com data shows that it added $30.4 million in assets, a big increase from the $14.1 million it added a week earlier. XXRP ETF inflows data | Source: ETF The ongoing inflows are a sign that there is…

This is a segment from The Drop newsletter. To read full editions, subscribe. Axie Infinity and Sky Mavis cofounder Alexander Larsen is calling out Sui-powered game Seed, also known as Seed Go, alleging copyright infringement. “This infringes on our Axie Infinity IP, and it’s not okay,” Larsen said in response to a tweet about the project. He also tagged two Mysten Labs cofounders, plus Sui and Mysten Labs, asking them to address the issue “so we can all save money and time.” A spokesperson for Sky Mavis separately confirmed to me that the company has informed the Sui team of…

Pi Network users have levied allegations of rug pull against the project creators after the recent plunge in its price. In a post on X, one of the popular members of the Pi Community, Dr Picoin, claimed that insiders have dumped millions of tokens. According to Dr Picoin, the sell-offs by insiders followed recent announcements about upgrades and improvements to the Pi Network at Consensus 2025. He claimed that the hype around these announcements pumped PI value, and insiders used that opportunity to sell. He said: “The Core Team sold tens of millions, if not hundreds of millions, of Pi…