Author: NBTC

Data shows that a Bitcoin indicator has recently formed a pattern that has proved to be quite bullish regarding the cryptocurrency’s price. Bitcoin Coinbase Premium Index Has Crossed Above Its 14-Day SMA In a new post on X, the on-chain analytics firm CryptoQuant has discussed a pattern that has recently formed in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” is an indicator that keeps track of the percentage difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). This indicator is useful for determining how the buying or selling behaviors differ between…

As Bitcoin fluctuates under the $98,000 mark, Ethereum is aiming to bounce back from its $2,700 support level. Despite a pullback of 3.38% over the past 28 hours, the intraday recovery of 2.2% limits the bearish intensity. The bulls are trying to make a comeback. Will this intraday pullback propel ETH price back above the $3,000 psychological mark? Let’s find out. Ethereum Price Downtrends Amid EMA Bearish Crossovers In the daily chart, the ETH price trend reveals the breakdown of a falling wedge pattern. Since then, alternating days of green and red candles continue for Ethereum, reflecting market uncertainty. Ethereum…

U.S. Treasury Secretary Scott Bessent said Wednesday that the Trump administration aims to reduce borrowing costs in the economy by lowering the yield on the 10-year Treasury note. “He and I are focused on the 10-year Treasury,” Bessent told Fox Business when asked about plans to lower interest rates. “He is not calling for the Fed to lower interest rates,” Bessent added. The 10-year yield, the so-called risk-free rate, influences most long-term loans in the economy, including mortgages and business loans. Thus, a declining 10-year yield encourages borrowing and investment, increasing risk-taking in the economy and financial markets. Thus, softening…

The Hong Kong government has approved the use of BTC and Ethereum for immigration applications. Travelers can use these coins as proof of assets required by authorities. The move comes after two successful cases where applicants from mainland China used crypto holdings in their residency applications According to reports, Hong Kong-based accountant Xiao Yaohe revealed that on February 7, a client successfully applied for investment immigration using HK$30M worth of ETH as proof of assets. In another case, one applicant was approved after presenting Bitcoin holdings as their financial proof. These cases mark the first instances of crypto being accepted…

I couldn’t tell you exactly how many hours I’ve spent mining fake gems in the mobile game Idle Mine, which pays out real Bitcoin as you play—but it’s probably more than I’d like to admit. It’s surely more than is warranted, based on how much Bitcoin I’ve banked. Like mobile developer Fumb Games’ other Bitcoin-earning titles, including Bitcoin Miner and SpaceY, Idle Mine is a simple, nearly mindless experience that rewards regular play on iOS or Android by paying out stacks of satoshis (aka 1/100,000,000 BTC). Screenshots from Idle Mine. Image: Decrypt Idle Mine tasks you with mining digital gems…

Bitcoin price failed to stay above the $100,000 zone. BTC is correcting gains and might struggle to stay above the $96,000 support zone. Bitcoin started a fresh decline from the $102,500 resistance zone. The price is trading below $100,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $98,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,500 support zone. Bitcoin Price Dips Below $100K Bitcoin price started a decent upward move above the…

Ether (ETH) has underperformed other cryptocurrencies in recent months as the Ethereum blockchain has faced “intense” competition from other networks, Wall Street bank JPMorgan (JPM) said in a research report on Wednesday. The token lacks a compelling narrative like that of its larger peer bitcoin (BTC, the bank said, adding that bitcoin benefits from its perception as a store of value and as digital gold. Despite upgrades, such as Dencun, activity has shifted from the main Ethereum network to its layer 2’s, which is detrimental to the blockchain’s growth, the report said. The network’s latest upgrade, Pectra, is likely to…

FRANKFURT, Feb 6 (Reuters) – The European Central Bank hopes U.S. President Donald Trump’s plan to support cryptocurrencies pegged to the U.S. dollar will speed up legislative backing for the digital euro, ECB board member Piero Cipollone told Reuters. The ECB has presented its digital currency – essentially an online wallet guaranteed by the central bank – in part as an electronic means of payment that does not rely on dominant U.S. providers such as Visa (V.N), opens new tab and PayPal (PYPL.O), opens new tab. Cipollone said Trump’s support for globally available stablecoins tied to the dollar would help…

In a significant development tracked by blockchain analysis platform Arkham, BitMEX co-founder Arthur Hayes has conducted large-scale transactions involving Ethena’s ENA tokens. BitMEX Co-Founder Arthur Hayes Transfers $6.54 Million Worth of ENA Tokens, Sends Most of It to Binance Basic Details of Transfers Hayes withdrew 7.952 million ENA tokens (worth around $6.54 million) from Ethena. Two major transactions were recorded following the withdrawal: Binance transfers: Hayes transferred 4.845 million ENA tokens (worth approximately $3.99 million) to a Binance deposit address. Additional Transfers: Hayes moved 3 million ENA tokens to another address suspected to be linked to him (0xab…9532). From there:…

A federal judge in Washington, D.C., has refused to block Elon Musk’s Department of Government Efficiency (D.O.G.E) from accessing US Department of Labor data. The ruling came on Saturday after the labor union American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) filed a lawsuit against Elon. In its court filing, the AFL-CIO said that Elon’s access to labor data could lead to a conflict of interest by giving him inside information about investigations into his companies (Tesla, SpaceX, X, and The Boring Company). Judge John Bates reviewed the case and said he was concerned about Elon’s actions but…