Author: NBTC
A new technical analysis on TradingView suggests Bitcoin may be approaching a decisive moment, with a possible breakdown below key support levels. This analysis comes amidst a weakening buying pressure in Bitcoin, which opens up the possibility of a break below a strong support level. If this happens, Bitcoin could see further downside to $80,000 or even $73,000 in the coming weeks. Bitcoin Faces Critical Support Test At $93,000 Technical analysis shows that Bitcoin has been fluctuating between an upper resistance zone at $108,000 and a lower support level at $93,000. Particularly, crypto analyst MMBTtrader noted that this support zone…
Ethereum co-founder Vitalik Buterin has argued that the collapse of Solana meme coin LIBRA is a teachable moment, taking it as “an example of why education is so important.” In a tweet, Buterin said that, “The recent news should be taken not as a reason to give up,” emphasizing the importance of education in the crypto space. Lauding Argentina’s community of “amazing builders, who have already contributed some of the most important software in the Ethereum ecosystem,” he added that, “I continue to be very optimistic about Argentina and Latam’s contributions and role in the space.” In a follow-up tweet,…
At a time when the UN is discussing possibilities to counter the threat of crypto money laundering, a work report, presented by Ying Yong, the Procurator-General of the Supreme People’s Procuratorate, at the Third Session of the 14th National People’s Congress, reveals that nearly 3,032 people were prosecuted for crypto money laundering crimes in 2024. Let’s dive in to learn the details! China’s Crackdown on Crypto Money Laundering As per Yong’s work report, no fewer than 3,032 people were booked in connection with crypto money laundering crimes in 2024. How does crypto money laundering work? Criminals hide dirty money by…
Dogecoin price started a fresh dip from the $0.284 resistance level recently. The DOGE price dipped below the $0.270 and $0.260 support levels and even dropped below $0.250. A low was formed at $0.242, and the price is now attempting to recover. Meanwhile, ChowWow ($CHOW) combines staking-to-earn and play-to-earn features, making it an appealing option for a wider range of crypto enthusiasts seeking the most promising crypto project. Its presale provides easy access to the project with a low minimum purchase requirement, special airdrops, and competitions. Dogecoin Price Stack In Limbo: What Could Be Holding Back Its Recovery? Dogecoin price…
The White House held its first-ever “crypto summit” on Friday, where several industry leaders met to discuss the Trump administration’s steps towards crypto regulatory clarity. Among the attendees was Ripple CEO Brad Garlinghouse, who said he was “pleased to see the incredible support from this administration.” In an X post late Friday, the CEO coined the time President Trump and Crypto Czar David Sacks have spent discussing regulatory frameworks for digital currencies as “weeks that feel like months.” Ripple CEO: We need a level playing field Garlinghouse, an advocate against the Securities and Exchange Commission’s legal actions against Ripple under…
Bitcoin’s price rally may be under threat as it continues to trade under $100,000. According to analysts at JPMorgan, there’s been a notable decline in institutional interest in the crypto industry, particularly through Bitcoin and Ethereum futures contracts. Institutional Demand Declines, Futures Market Signals Weakness Institutional investors have been a major primer for Bitcoin’s price rallies in the past year and they have been influential in Bitcoin’s break above the $100,000 mark. However, since breaking above this level, the Bitcoin price has failed to push further, which is a sign of a slowdown in institutional investments. This slowdown in institutional…
Ripple USD (RLUSD) stablecoin minting has halted for the past 10 days. According to data from Ripple Stablecoin Tracker on X, the blockchain payments firm last minted 625,000 RLUSD at the Treasury on Feb. 10, 2025. Why no new RLUSD since Feb. 10 Notably, RLUSD is a stablecoin designed for payments, especially cross-border transactions. Hence, the minting process might occur when there is an increase in demand or to prepare for an anticipated request surge. Analysts argue that the current pause in minting from the Treasury might be a strategic way to stabilize supply and avoid flooding the market. If…
David Sacks has defended himself against recent allegations that he used his position to manipulate crypto markets, calling the claims baseless. Speaking in a new episode of The All-In Podcast, the White House AI and crypto czar addressed accusations that he engaged in a scheme to inflate his crypto holdings for personal gain. “People came out right away and were saying that somehow I was engaged in a scheme to pump my bags or to basically create exit liquidity for myself,” Sacks said, arguing that these claims are serious since they amount to accusations of a crime. Sacks reiterated that…
Marc Boiron, CEO of Polygon Labs, expects BTC to reach $250,000, believing that the token’s long-term growth is inevitable despite short-term market volatility. In an interview with Rob Nelson on Roundtable, Boiron explained that Bitcoin scarcity and growing demand will drive the surge of the token’s price. He said: You’ve got this one asset that has this fixed supply, and all you need to figure out is whether demand is going to increase for this asset or not. It’s literally that simple. Marc Boiron Boiron has high expectations for Bitcoin, claiming the token poses less of a threat to investors…
Solana briefly crossed over the $180 threshold after it rose by 4.3%. This is the first time SOL has gone over $180 since its LIBRA-induced slump. On Feb. 21, Solana (SOL) reached a daily high of $180.19. The last time the token reached beyond the $180 threshold was on Feb. 18, right before it plummeted even further below $170. It experienced a brief rebound of 4.3% around 09:30 UTC, but has since retracted slightly to around $178. According to data from crypto.news, Solana has gone up by nearly 3% in the past 24 hours. The token is currently trading hands…