Author: NBTC
After rocketing up to the highs of $108,000 in December 2024, Bitcoin now has fallen to about $96,000. This has led to renewed debate among analysts as to what this means for the leading cryptocurrency. Some think that it may all be a warning, but others, such as Fundstrat’s Tom Lee, are still bullish long-term. $50,000 The Worst-Case Scenario? Recently, Tom Lee shared his opinions with CNBC during an interview as a response to the fears regarding Bitcoin’s latest retreat. He stated that corrections up to $70,000 or even down to $50,000 can happen. Corrections of this type, he continued,…
Solana ($SOL) has captured the spotlight, with analysts forecasting a jaw-dropping $900 target. This ambitious outlook is boosted by Solana reaching a new all-time high recently, rapid network growth, an innovative ecosystem, and strong developer interest. Having overcome key resistance levels, Solana could soon enter uncharted territory, cementing its position as a leading blockchain for Web3 innovation. Meanwhile, PlutoChain ($PLUTO) could rewrite Bitcoin’s story by introducing smart contracts and DeFi to the world’s most secure blockchain. With Ethereum compatibility and lightning-fast transactions, this project is attracting whale attention. Let’s check out the details. Solana Eyes $900 as Analysts Predict Breakout…
The Bitcoin price has recovered above $97,000, providing a bullish outlook for the flagship crypto. Despite this development, BTC traders still look apprehensive as their strategy suggests they are still bearish on the current price action. Bitcoin Traders Turn Bearish Following Price Recovery In an X post, crypto analyst Ali Martinez revealed that Bitcoin traders have turned bearish despite the price recovery above $97,000. The crypto analyst mentioned that the percentage of traders on Binance betting BTC will rise has declined from 66.35% to 55.22% over the past 24 hours. This development is significant as these Binance traders have a…
The Plume Foundation, an autonomous organization driving the Plume Network has announced an exclusive collaboration with Trusta Labs, an AI-led on-chain reputation and identity protocol. The partnership focuses on optimizing readying for the highly anticipated Season 1 Airdrop and TGE events of Plume. The platform took to social media to disclose this collaboration. Plume Foundation and Trusta Labs Join Forces to Conduct Latest Season 1 Airdrop and TGE The Plume Foundation asserted that it is partnering with Trusta Labs, which is a well-known AI-driven protocol for reputation and identity on-chain. As a part of this collaboration, the platform intends to…
Bitcoin’s (BTC) latest market correction from its 2024 all-time high (ATH) of over $108,000 reflects a cooling phase but relatively low levels of investor stress indicate the bull market is far from over, according to a recent report by Glassnode. The report highlighted that the number of BTC held at an unrealized loss currently fluctuates between 2.0 and 3.5 million coins. This amount is well below the 4 million coins seen during the lows in mid-2024, signaling a less distressed market environment. For comparison, early bear markets have historically recorded between 4 and 8 million coins underwater. Glassnode’s data reveals…
RFK Jr.’s stock portfolio was a mystery for a long time. The one-time independent presidential candidate and Donald Trump’s nominee for Secretary of Health and Human Services did not voluntarily publish its contents during his run for the White House — although the disclosures he was required to file did give a small glimpse into his holdings. As a scion of one of America’s wealthiest families and a successful lawyer, it stands to reason that Kennedy invests in the financial markets. That thesis was confirmed on January 21 — as Robert F. Kennedy Jr. had to disclose his holdings to…
Avalanche is positioning itself for significant growth in the US by leveraging the Trump administration’s focus on technological advancement On Jan. 21, Emin Gün Sirer, founder of Ava Labs, shared optimism about the administration’s emphasis on innovation, describing it as a timely push for transformative growth. According to him, Avalanche intends to align its initiatives with this momentum to accelerate the adoption of blockchain technology within the US. He stated: “President Trump’s renewed focus on American innovation and growth is long overdue. Now is our moment. Let’s get to work bringing real world activities on chain, and making American the…
Senator Charles Schwertner has announced that he proposed a bill to establish the first state-level Bitcoin strategic reserve in the United States. Through an X post, Charles said he had filed Senate Bill 778 (SB 778), a bold proposal that, if passed, would make Texas the first state in the nation to establish a Strategic Bitcoin Reserve. It’s time for Texas to lead the way in establishing a Strategic Bitcoin Reserve. That’s why I filed SB 778, which, if passed and signed into law, would make Texas the first state in the nation to establish a Strategic Bitcoin Reserve. This…
The builders of Solana-based crypto derivatives exchange Ranger Protocol are jumping on the AI train, too, after raising $1.9 million from venture investors. Ranger’s eponymous trading venue pools crypto perps (the most popular investment contract in DeFi for trading tokens like SOL) from multiple protocols to secure good deals for traders. Since launching in late December, it has facilitated $25 million in trades, a drop in the bucket of Solana’s total perps landscape. The protocol is now planning to add new product lines that give customers access to AI-assisted trading strategies, co-founder Coby Lim told CoinDesk. A press release described…
Polymarket data suggests a 93% likelihood of a Solana ETF gaining approval in 2025, intensifying discussions about SOL price’s future trajectory. This comes as Rex Shares filed for several crypto ETFs, including the Solana ETF. The growing optimism surrounding Solana has sparked predictions of the token reaching $400 or more in the coming months. SOL Price to Rally Amid Solana ETF Hopes On January 20, 2025, Solana traded at around $247, with price fluctuations marking an intraday high of $276.79 and a low of $231.70. The cryptocurrency’s recent performance has attracted attention, particularly after it recorded a new all-time high…