Author: NBTC
Bitcoin is facing a downward trend of lower highs and lower lows, with both technical and fundamental analyses showing a bearish momentum. At the time of publication, the price on CoinMarketCap was 90,567, representing a 3% and 8% decline in the past day and week, respectively. Bitcoin’s mining landscape has reached a remarkable milestone. The network’s difficulty adjustment, a measure of how hard it is to mine a block, has climbed for the eighth consecutive time, hitting an all-time high of 110.45 trillion. This marks a 110.45 trillion-fold increase in difficulty since Bitcoin’s inception, data from Glassnode showed. This reflects…
Ethereum’s price action has been consolidating in a structured range, implying an accumulation phase. The price has been choppy, failing to break above key resistance levels. This behavior aligns with market participants accumulating their positions instead of immediately pushing the price higher or lower. Each Gap Zone available to the market below the price range at which it is found suggests a potential liquidity target. These gaps tend historically to be gravitated to by price. They represent areas of unfilled liquidity in which buyers and sellers alike may step up with large orders. Ethereum’s price finds itself near this zone…
Stephen Findeisen, better known as Coffeezilla on YouTube, took a critical look at Donald Trump’s recent launch of a meme coin, which he dubbed a “historic grift.” Indeed, President-elect Trump published a Truth Social post about the meme coin. He also issued a statement on X, formerly Twitter. Phantom, the non-custodial cryptocurrency wallet backed by Sequoia and Andreessen Horowitz, verified that it’s real. Still, Findeisen wishes it weren’t true. “I hope to everything that I will wake up and find I’ve been deep faked,” he said. The YouTube sleuth, known for his scathing exposé videos aimed at alleged crypto scams…
Well-known crypto lawyer Bill Morgan has downplayed the ongoing debate between Bitcoin maxis and the XRP army. According to Morgan, the so-called war between both sections of the crypto community does not affect the cryptocurrency market, as reflected by the recent price actions. Morgan made the statement in response to a recent post on X, which addressed Jack Mallers as “Bitcoin’s strongest warrior” who is willing to die on the hill of the battle between Bitcoin maxis and the XRP army. The post referenced a recently published video of Mallers accusing Ripple of trying to lobby the government. What a…
B3, a layer-3 gaming chain built on top of the Ethereum layer-2 network Base, announced plans this week to launch its own token—also called B3. Built by former members of the Base team from Coinbase, B3 caters to both game developers and players, offering a dedicated network that enables cheaper and faster transactions than Ethereum’s own mainnet. Soon that space will be powered by the B3 token—an ecosystem token that the developers say will incentivize and empower those playing, creating, and publishing on-chain games via the B3 ecosystem. coming soon: $B3 — built by the ex-Base team, it’s the token…
According to an on-chain data provider, 1,850 Bitcoin worth $175.7 million have landed on major crypto exchange Binance in recent hours. The transaction has caught the crypto community’s attention, involving a mysterious crypto whale who took a round trip with 1,850 BTC, resulting in a staggering $13 million loss within just six days. According to Lookonchain, six days ago, the whale withdrew 1,850 BTC worth $188.7 million from Binance at $101,998. Some hours ago, the whale deposited the entire 1,850 BTC stash to Binance, which was worth $175.7 million at the time of the transfer, with Bitcoin’s price at $94,963,…
The crypto market showcases a bullish turnaround following the Federal Reserve’s decision to maintain a steady interest rate cut at 4.25-4.5%. The renewed buying pressure supported Bitcoin price to reclaim the $105k mark and Ethereum price to hit $3200. However, the ETH relief rally could develop to sustained recovery as onchain activity bolsters for a breakout from a 50-day correction. Key Highlights: Over the past two months, the Ethereum price has witnessed a steady correction within a falling wedge pattern The Ethereum price is less than 1% short from a bullish breakout of the wedge pattern. ETH daily chart shows…
A surge in DEX token prices coincided with the launch of the so-called “official” Trump meme coin on Solana. Solana DEX tokens like Raydium, Jupiter, and Orca prices were among the top gainers in the hours that followed. Raydium (RAY), the biggest decentralized exchange on Solana (SOL), rose to $6.95, its highest level since Dec. 31 and 5,730% from its lowest point in 2023. Its rally pushed its market cap to almost $2 billion. Jupiter (JUP), the largest perpetual exchange on the chain, rose to $0.85, bringing its valuation to $1.1 billion. Orca (ORCA) soared to $3.85, with its daily…
The judge who rattled the crypto industry with her game-changing XRP ruling is making headlines again. Judge Analisa Torres, whose landmark decision that retail XRP sales weren’t securities, sentenced a crypto Ponzi scheme promoter to 30 months in prison Thursday for defrauding investors of $8.4 million. The sentence comes just days after the SEC filed an appeal brief challenging Torres’ earlier ruling that distinguished between institutional and retail sales of XRP, establishing how certain tokens are not inherently securities when sold to retail investors on exchanges. Torres’ 2024 ruling sent shockwaves through the industry. Now, another key case rife with…
Market veteran Michaël van de Poppe identifies the perfect area to grab Bitcoin liquidity before Donald Trump’s inauguration kickstarts the next rally. Bitcoin (BTC) has recently experienced a major price decline, retesting the lower end of $90,000. This downturn aligns with market veteran Michaël van de Poppe’s analysis earlier today, suggesting a liquidity grab beneath recent lows before a potential rally. Bitcoin Enters Liquidity Zone Van de Poppe sees this “final flush” as a precursor to a bullish phase, coinciding with President Trump’s upcoming inauguration on Jan. 20. The crypto community draws parallels to the post-election surge that began on…