Author: NBTC

Bitcoin miners have been actively reducing their holdings in recent weeks as the coin’s price continues to hover below the critical $100,000 mark. At press time, the leading coin trades at $98,535, noting a 1% decline from its all-time high of $99,860 recorded during Friday session. As the BTC market begins to trend sideways, its miners may be prompted to further distribute their holdings for profit or to offset growing mining costs. Bitcoin Miners Sell Their Holdings According to CryptoQuant’s data, Bitcoin’s miner reserve has fallen to its lowest level since the beginning of the year. As of this writing,…

With the cryptocurrency bull market still on course, a seasoned analyst has asserted that Ethereum will disappoint this cycle. The crypto market has entered the last year of its bull cycle, renowned for massive upsides and a possible peak. Altcoins have benefited from this bullish scenario, led by the sector’s leader, Ethereum. Market expert Egrag Crypto has suggested that Ethereum will disappoint many this cycle. In a Wednesday post, he provided a detailed analysis of the asset’s expected performance, including price, market cap, and dominance peaks. Market Cap and Price Prediction Egrag dissected Ethereum’s market cap performance using Fibonacci levels…

In 2023, Protos interviewed Fabio Frontini, the fund manager of Malta-based Heka Funds. Heka is one of the biggest Tether whales, and with its Elysium Global Arbitrage Fund, it arbitrages tether (USDT) by buying and selling around its intended $1 peg. Protos recently interviewed Frontini again, this time about the latest developments in crypto, including the effect of MicroStrategy’s (MSTR) historic acquisition spree of 447,470 bitcoins (BTC) – 2.2% of the world’s circulating supply. We began by asking Frontini whether he thinks MicroStrategy poses a structural risk to the BTC market. “That is a very good question!” he said. “We…

Ripple (XRP), which has been in a legal battle with the SEC for years, has seen a tremendous rise after Donald Trump won the presidential election. XRP, which was below $1, first exceeded $1, and then rose above $2 with a sudden increase yesterday. While XRP has risen to $2.45 with its rally, the reasons for this rise are wondered. At this point, blockchain analytics firm Scopescan said that Korean investors are likely behind the recent rise of XRP. Scopescan, who pointed out that Korean investors fueled the recent XRP increase in his post from the X account, added that…

Though U.S. Commodity Futures and Trading Commission chief Rostin Behnam never managed to make it happen, the derivatives watchdog is likely to one day play a more prominent role in overseeing cryptocurrency trading, something he will “continue to advocate” for after he’s gone. Behnam, who will step down on January 20 to make way for President-elect Donald Trump’s future appointee, said crypto “dominated every season of my tenure,” according to what will be his last public remarks as chairman delivered on Wednesday at the Brookings Institution. “Concerns regarding customer protections, increasing instances of fraud and market abuse, broader market resiliency,…

Banco of Investimentos Globais (BiG), one of Portugal’s largest banks, started blocking fiat transfers to crypto platforms, according to a notification shared by Delphi Labs co-founder José Maria Macedo. The notification cited compliance with guidelines published by the European Central Bank (ECB), the European Banking Authority (EBA), and the Bank of Portugal about risks associated with offering digital assets. Additionally, the notification states that the decision was driven by a need to ensure compliance with the country’s laws against money laundering and terrorism financing. BiG reported nearly €7 billion in assets under management in 2023, equivalent to roughly $7.2 billion.…

A look at Bitdeer’s operational update revealed a drop in its mining output in Dec. 2024, although its bitcoin holding remains healthy. Bitdeer Repays $10 Million Principal Balance on Senior Notes Despite Drop in BTC Production Bitdeer’s latest mining and operational update showed that its self-mining output in Dec. 2024 was 145 BTC, a 3% decrease from the previous month’s output of 150 BTC. This drop in mining output came as Bitdeer announced that it had fully repaid the outstanding principal balance of $10 million on the senior secured notes issued to the sellers for the acquisition of Troll Housing…

GraFun Labs has recently announced the Alpha Launch, a landmark token launch apparatus. Led by Floki Inu, Dexe Network, ThenaFi, and BNB Chain, the Alpha Launch permits GraFun Labs to set exclusive standards for community engagement, security, and transparency across Web3. The platform disclosed this development on its official social media account. 💥The Future of MEME Launches is Here!💥@GraFunLabs @RealFlokiInu, and @DexeNetwork are cooking the next legend — 🔥Alpha Launch🔥This groundbreaking token launch mechanic, with the support of @BNBCHAIN and @ThenaFi_ is about to redefine the MEMEs game!🧵 Let’s dive in 👇 pic.twitter.com/qlNMYGsahL — GraFun Labs (@GraFunLabs) January 8, 2025…

US Bitcoin ETFs will soon catch up to gold ETFs in size if they maintain their current accumulation rate. Bloomberg ETF analyst Eric Balchunas suggests these funds could eclipse gold ETFs by Christmas. As of November 23, Bitcoin ETFs in the US reached $107 billion in assets, which represents around 86% of the total net assets of gold ETFs, according to data combined by Balchunas and HODL15Capital. “They only lag gold ETFs by $23b, good shot to surpass by Xmas,” Balchunas stated. Bitcoin ETFs are closing the gap with Satoshi Nakamoto. These funds currently hold approximately 98% of Satoshi’s estimated…

Cryptocurrency price analysis brought by Coinidol.com. The price of Ethereum (ETH) has fallen below the moving average lines after rejecting the high at $3,746. ETH price long-term analysis: bearish Buyers have failed to sustain the positive momentum until the key price level of $4,000. Today, the largest altcoin was rejected at the $3,700 high and fell to $3,312. The selling pressure has eased and the altcoin is now hovering around the $3,300 support level. Since December 26, the bears have failed to push the price below the $3,300 support level. However, if Ether loses its $3,300 support, the market will…