Author: NBTC
Bitcoin prepares to make massive upward movements. One analyst observes a possible 73% surge to $111,600 ATH. Another analyst predicts a conservative ATH target of $105,000. Bitcoin kicks off the week with a pump to the $64,000 price range. Presently, the pioneer crypto asset hovers between the $63,000 and $64,000 targets. Despite this bullish action the Crypto Fear & Greed Index is still in the neutral range which many analysts mark as a prime opportunity for traders and investors to accumulate. Bitcoin Prepares for Major Q4 Gains Reflecting the positive sentiment and high expectations for a bullish Q4 his Bitcoin…
Bitcoin’s explosive rally to over $100,000 has lit a fire under the crypto lending market. After being left in tatters during the chaotic implosions of 2022 and 2023, the sector is staging a comeback. Decentralized finance (DeFi) applications are taking center stage in this revival, with funding rates—fees paid by traders for leverage—skyrocketing more than tenfold since June. Crypto lending volumes almost tripled in the first nine months of 2024 compared to last year, driven by renewed optimism about Bitcoin’s role in mainstream finance. The Trump administration’s promise of favorable regulations has added fuel to the frenzy. Even so, the…
On October 21, 2024, several cryptocurrencies saw impressive gains. Leading the charge was $PIP, which surged by 149.6%. According to Phoenix, a crypto media outlet, this significant increase has drawn the attention of investors and analysts alike. DAILY GAINERS$PIP +149.6% $ESE +55.3% $ARPA +44.2% $HOPR +30.5% $PERP +28.6% $ALPHA +27.2% $ZAP +20.5% $DYDX +19.9% $LUMIA +18.1% $APE +12.5%#dailygainers pic.twitter.com/1NPN738BWQ — PHOENIX – Crypto News & Analytics (@pnxgrp) October 21, 2024 $ESE, $PIP and $ARPA Show Major Gains, Fueling Market Optimism Second to that, $ESE increased by 55.3%. Such rapid growth has attracted the attention of many traders to $ESE. Likewise,…
In early November, SEC Commissioner Hester Pierce delivered a fierce speech emblematic of her pro-crypto stance, offering a critique of her agency’s hostile treatment of digital assets and other innovative financial technologies in the United States. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. Hester Peirce Calls for Clarity as SEC’s Crypto Approach Faces Scrutiny In an homage to Hobbes, Commissioner Peirce warned how a “regulatory environment that is characterized by instability, uncertainty, and fear renders entrepreneurial prospects ‘nasty, brutish, and short.’” It is hard to describe FTX, 3AC, and Luna/Terra—a cascade of financial…
Recent data from CryptoQuant indicates that Bitcoin’s buy walls have attained massive strength across all exchanges. These buy walls are now sufficient to counteract the sell pressure, as the market looks to recover. This suggests that there is robust demand for Bitcoin (BTC), enough to absorb the selling volume that could otherwise continue to push prices down. #Bitcoin buy walls on all exchanges are now strong enough to neutralize sell walls. pic.twitter.com/GOgHBt4MiC — Ki Young Ju (@ki_young_ju) October 14, 2024 The chart, covering the period from early 2023 to mid-October 2024, shows that while Bitcoin faced intense sell pressure over…
Famous crypto pundit Ben “BitBoy” Armstrong has boldly asserted that XRP will overtake Ethereum to become the second most prominent crypto asset after Bitcoin. BitBoy conveyed this perspective in his latest commentary on XRP and Ethereum, which he shared on X on Monday. In his view, XRP’s path to overtaking ETH will occur when its value ascends astronomically to between $16 and $22. Why BitBoy Thinks XRP Will Surpass ETH as the Number 2 Coin Armstrong pointed out that over the years, there has been debate over which Layer-1 token will flip Ethereum by 2025. He expressed confidence that the…
President-elect Donald Trump named Patomak Global Partners founder and CEO Paul Atkins as his pick to head up the U.S. Securities and Exchange Commission on Wednesday. Atkins, who co-chairs the Digital Chamber’s Token Alliance and is an adviser to Reserve Rights, previously served as a commissioner at the agency under former President George W. Bush between 2002 and 2008. The former regulator visited Mar-a-Lago, Trump’s Florida resort, earlier this week but was initially reluctant to take on the role, CoinDesk reported Tuesday. In his announcement, Trump called Atkins a “proven leader.” “He believes in the promise of robust, innovative capital…
Bybit CEO Ben Zhou said that mainland Chinese users can use a virtual private network to trade crypto on the platform, though it will not support yuan trading any time soon. According to a report by South China Morning Post, co-founder and CEO Ben Zhou announced in a media briefing on Dec. 3 that the platform has no intentions of accepting China’s local currency. Though, he said Chinese citizens can access the platform to trade overseas or through VPN. “What the Chinese government dislikes the most about crypto is that it can facilitate capital outflow. So we won’t touch this…
Toronto, Canada – Andromeda, the innovative Web3 operating system, has announced a strategic partnership with Deep3 Labs to bring cutting-edge AI models to its decentralized platform. This collaboration will empower developers to enhance functionality, security, and user experience in Web3 applications by seamlessly integrating advanced AI-driven tools into AndromedaOS (aOS).—AI-Powered Solutions for Web3 DevelopersDeep3 Labs is known for its expertise in AI and machine learning, offering a suite of products designed to optimize Web3 applications. Notable models include HODL-C1 and StakeSage-C for advertising and decision optimization, DeepShield for real-time security threat detection, and CLUSTR-1 for advanced trading analytics. These models…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is up 3.24% today against the US Dollar Bitcoin is currently trading 11.93% below our prediction on Oct 19, 2024 Bitcoin gained 7.98% in the last month and is up 141.01% since 1 year ago BTC price is expected to rise by 17.74% in…