Author: NBTC
Cryptocurrency analyst and trader Jason Pizzino is leaning bearish on Bitcoin (BTC) amid a market downturn. In a new video, Pizzino tells his 348,000 YouTube subscribers that the “probabilities of a crash continue to increase” for Bitcoin and other crypto assets. According to Pizzino, one of the bearish signals he has observed is a falling interest in Bitcoin. “Some more things that I’m seeing in regard to the probabilities of a crash increasing here are the interests through Google Trends. So less people are searching for Bitcoin and crypto… …the volumes are now down to 24 [out of a maximum…
Ethereum has faced significant challenges this month. It has shed 10% of its value over the past 20 days and currently trades at $2,021. This extended price decline has rattled investor confidence, leading to consistent capital outflows from spot ETH exchange-traded funds (ETFs) since the start of March. Investor Confidence in ETH Wanes as Spot ETFs Bleed According to on-chain data from SosoValue, spot ETH ETFs have now recorded 11 consecutive days of outflows, with total withdrawals exceeding $370 million. Total Ethereum Spot ETF Net Inflow. Source: SosoValue Investor sentiment has remained overwhelmingly bearish, with only one day of inflows…
Nigeria recently faced one of the most severe economic crises. Inflation surged to record highs towards the end of 2024. Despite some level of easing, citizens still endure inflationary pressures. Meanwhile, the Nigerian government is accelerating efforts to regulate cryptocurrency transactions. Prospects are that interventions could boost revenue for the country. Nigeria Faces Inflationary Pressures Nigeria, Africa’s most populous nation and largest economy, has long struggled with economic instability. Sources indicate its annual inflation rate soared to 24.48% in January 2025 before dropping to 23.18% in February. The 1.3% decline suggests the government’s monetary tightening measures may be starting to…
The official Trump meme coin saw a 10% increase after Upbit announced it will be adding the presidential meme coin to its platform. Upbit, South Korea’s largest crypto exchange, will launch the official Trump meme coin, TRUMP (TRUMP), nearly a month after the meme coin was listed on competitor Bithumb’s platform. According to the official notice, Upbit will open trading support for TRUMP on Feb. 13 at 18:00 KST. Users can begin depositing and withdrawing TRUMP two hours after the notice was posted, which is around 30 minutes before trading support starts. The Solana (SOL)-based meme coin will be available…
Investment bank Compass Point rated Robinhood Markets Inc. a buy, setting a price target of $61 in initiating coverage of the trading platform in a note Wednesday that highlighted increased average revenue for its 12 million crypto users alongside an improving U.S. regulatory environment.” Compass Point analysts estimated that Robinhood had an opportunity to generate $665 million from cross-selling to existing U.S. customers, including the potential to generate $150 million “from staking alone.” “HOOD’s crypto business has underearned for its size after taking a cautious approach to U.S. product expansion,” Compass wrote, noting that the company’s crypto revenue was “just…
This is a segment from The Drop newsletter. To read full editions, subscribe. Walrus is an upcoming decentralized-storage platform from Sui developer Mysten Labs that will offer programmable file storage for the gaming-focused L1 Sui, as well as devs on Solana, Ethereum, or other chains that also want to use it. Walrus is designed for large binary files, or “blobs.” Right now, there’s 833.33 TB in total storage available, with about 78,890 GB currently being used across more than 4.5 million blobs, according to Walruscan. That means Walrus could store videos, images, PDFs, or other files, as well as apps.…
Spot Bitcoin exchange-traded funds in the U.S. saw a sharp rise in outflows on Feb. 12 amid expectations of a more hawkish Federal Reserve stance on interest rate cuts. According to SoSoValue data, the 12 spot Bitcoin ETFs recorded $251.03 million in outflows—a 342% jump from the $56.76 million seen the previous day. Fidelity’s FBTC led outflows for the third consecutive day with $101.97 million exiting the fund, followed by ARK and 21Shares’ ARKB with $97.03 million. Additional outflows included: Bitwise’s BITB: $25.94 million BlackRock’s IBIT: $22.11 million Invesco Galaxy’s BTCO: $9.69 million Grayscale’s GBTC: $6.92 million Valkyrie’s BRRR: $3.71…
The decentralized exchange (DEX) sector continues to hold a significant share of the global cryptocurrency market. Recent data reveals that DEXs are thriving despite market fluctuations, with PancakeSwap maintaining its dominance as the leader in weekly trading volume. As of March 21, 2025, the total weekly trading volume for decentralized exchanges stood at a robust $45.37 billion. However, the sector has seen a 26.56% decrease in volume compared to the previous week. While the numbers indicate a slight decline, DEXs continue to outpace centralized exchanges (CEXs), holding a 25.54% market share. TOP #DECENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #PancakeSwap #Uniswap…
Ethereum has been going through a terrible period of depreciation, as the price has been consistently making lower highs and lows. Yet, things might just be about to change. Technical Analysis By Edris Derakhshi The Daily Chart On the daily chart, ETH has been in a strong downtrend, breaking below the critical 200-day moving average and losing multiple key support zones. Prices have recently bounced from the $1,900 demand zone but face resistance near the $2,100 level. The 200 DMA, currently above $2,800, adds additional overhead pressure, making recovery attempts challenging. Meanwhile, the RSI is climbing from oversold territory, indicating…
Ark Invest CEO Cathie Wood, one of the earliest traditional financial investors in crypto, hopes to bring some of her company’s funds on-chain once the regulatory landscape allows companies in the U.S. to do so. “We think tokenization is going to be huge,” Wood said at the Digital Asset Summit in New York on Tuesday. “We’d love to be able to tokenize our Venture Fund (ARKVX) or our [Digital Asset] Revolution Fund.” “I think the regulations are starting to open up in a way that will allow us to do that. So we’d like to seize the moment,” she added.…