Author: NBTC
Bitcoin price started a downside correction and tested the $94,000 zone. BTC is again rising and might aim for a move toward the $98,000 resistance. Bitcoin started a decent increase above the $95,500 resistance zone. The price is trading above $95,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $94,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $97,750 zone. Bitcoin Price Bounces Back Bitcoin price started a downside correction below the $95,500 support…
Michaël van de Poppe, a well-known cryptocurrency analyst, shared a bullish outlook on Ethereum (ETH) in a post on X dated May 17, 2025. He claimed that any ETH price under $2,400 is a “steal” following the recent surge, suggesting Ethereum could continue its upward trajectory. His post included a chart showing Ethereum’s sharp rebound after bottoming out below $2,000 earlier. Chart Shows ETH High Support and Key Resistance Zones The TradingView chart shared by Van de Poppe illustrates Ethereum’s price action against Tether (USDT) on the Binance exchange. It shows ETH rallied sharply in early May 2025 after a…
Andrew Peel has left his role as Morgan Stanley’s (MS) head of digital asset markets to launch a crypto investment and tech firm in Zug, Switzerland, Bloomberg reported Tuesday. The venture will focus on tokenized funds and trading tools bridging traditional finance and DeFi, according to Bloomberg. Peel, a former Credit Suisse trader who joined Morgan Stanley in 2018, stepped down in March and plans to start fundraising soon, according to the story. His exit comes as Morgan Stanley readies retail crypto trading on E*Trade next year, according to a report earlier this month, expanding beyond the bitcoin fund access…
Cardano, the ninth largest cryptocurrency by market valuation, is currently at a pivotal moment, according to Tim Harrison, Input Output EVP Community & Ecosystem. As Cardano governance gains traction, Harrison reveals a hidden hurdle. According to the top executive, who has been deeply involved with Cardano since 2019, Cardano faces a “marketing problem.” In a recent post, Harrison explained this “marketing problem” as an inability of Cardano to communicate its value effectively to the broader world: “We’ve built something real here, something principled. But if no one knows what we’ve built or why it matters, we’ve got a problem.” The…
The Economist has taken scathing criticism of the cryptocurrency sector, describing it as the “ultimate swamp asset” and accusing it of straying from the ideals of decentralization, particularly in the context of US politics. The Economist Denounces Cryptocurrency as the “Ultimate Swamp Asset,” Criticizes US Industry’s Turn to Political Rent-Seeking The paper argues that the crypto sector, once hailed as a revolutionary tool for financial freedom and technological innovation, has become a tool for political rent-seeking and insider enrichment, particularly under the influence of President Donald Trump and his allies. “Instead of disrupting power structures, crypto in America has been…
The price of bitcoin vaulted to $97,469 per coin after idling near $94,000 for much of the day. Bitcoin’s volume tapped $24.27 billion, commanding 33.11% of all trades logged today. Bitcoin Resurfaces With Fury The leading crypto asset, bitcoin (BTC), climbed more than $3,500 from May 5’s intraday trough. The latest high was logged just after 8 :25 p.m. Eastern on Tuesday. At press time, BTC changes hands at $97,283. The token is up 2% in 24 hours and 2.8% on the week. Bitcoin’s uptick lifted the broader market, which now sits at $2.98 trillion after a 1.16% daily gain, according…
Ethereum (ETH) is up more than 58% in the last 30 days, with nearly 40% of that surge happening in just the past 10 days. Despite this sharp rally, several key indicators are starting to flash caution. BBTrend has turned negative, whale accumulation is declining, and short-term EMA momentum is stalling. These signals suggest Ethereum may be approaching a critical point where renewed buying pressure is needed to sustain its uptrend—or risk a potential reversal. Ethereum BBTrend Turns Negative After Month-Long Surge Ethereum’s BBTrend has just dipped into negative territory, now sitting at -0.02 after maintaining a positive trend for…
Some employees at Bitget’s new blockchain, Morph, initially thought of the L2 network as a potential future rival to Coinbase’s Base. But sources familiar with the project tell Blockworks that Morph has been stymied by internal dysfunction. Sources claim that since a $20 million seed raise in March of last year, team conflicts, flashy spending and a mysterious “shadow CEO” have led to layoffs, delays and a loss of direction. Blockworks spoke with a dozen current and former employees who were granted anonymity to share candid details of what went wrong inside one of Bitget’s most public bets. Morph’s beginnings…
Famous XRP advocate ‘All Things XRP’ sheds light on Eric Trump’s utter silence about XRP despite publicly praising Ethereum, revealing potential factors behind the snub. In an X thread, the commentator asserted that Eric and the Trump family-backed crypto project, World Liberty Financial, has entirely snubbed XRP while focusing on Ethereum and Bitcoin. Specifically, he recalled when Eric tweeted it was a ‘great time to buy’ ETH in February 2025. A few days later, Eric made some bullish comments about Bitcoin. As reported earlier, he suggested that the market dynamics at the time presented investors with an opportunity to buy…
A South Korean woman in her 40s has been sentenced to two years in prison for transferring $500,000 worth of crypto and cash from her boyfriend’s accounts while he was asleep. The woman in her 40s, identified only as “A,” was convicted on May 15 of embezzlement and fraud for moving $488,000, 683 million won, in crypto from her partner’s wallet to her own on January 5. She also stole his mobile phone and an additional $1,430, about 2 million won, in cash while he slept, bringing the total haul to roughly $489,000, or 685 million won, according to a…