Author: NBTC
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. I’ve had a horizontal line on my main BTC chart since the Nov. 26 test of the $91k level: “1D close below here = end of bull market.” With bitcoin ETFs experiencing over $2.4 billion in net outflows throughout February and broader macroeconomic pressures weighing on risk assets, the question arises: Is this just a correction, or are we witnessing the start of a prolonged downturn? Sorry to say, I’m now in the latter camp. After posting intraday lows around $86k — a nearly -20% retracement from…
The financial industry is preparing for a shift toward stablecoins, as Bank of America CEO Brian Moynihan confirmed their imminent arrival. Speaking at the Economic Club of Washington, D.C., on February 25, 2025, Moynihan stated that a stablecoin backed by the U.S. dollar is inevitable. Lawmakers are also working on legislation to establish a regulatory framework for digital assets, increasing the likelihood of stablecoin adoption. Bank of America’s Plans for Stablecoins Moynihan addressed the issue of stablecoins in an interview with David Rubenstein, stating that Bank of America would enter the market if regulations allow it. He described stablecoins as…
The liquidation risks for MELANIA, CAR, and LIBRA WIF have risen because of deteriorating market liquidity and intensified price fluctuations. Previously regarded as superior assets during their peak market dominance these altcoins now encounter difficulties to maintain their position in current conditions. People conducting high-risk trading operations with these assets need to study the associated risks thoroughly. Current market uncertainty leads to intense scrutiny of three altcoins MELANIA, CAR, and LIBRA WIF whose loss potential becomes substantial. These assets faced excellent status before showing compromising issues which threaten serious financial losses for investors. The fast growth of these assets has…
WASHINGTON, D.C. — Within hours of the announcement that he’d started as the crypto counselor for Treasury Secretary Scott Bessent, former Galaxy Digital lawyer Tyler Williams was addressing a private digital assets event in Washington, D.C., telling the crowd that helping Congress get stablecoin legislation across the goal line is a worthy opening effort. “Be as supportive as we can to our friends in Congress” who are working on stablecoin policy, Williams advised attendees at the Chainlink-hosted event, arguing that getting those backbone dollar-denominated tokens on legal footing would be “a very good use case” for industry allies in Washington…
Bitcoin’s price took a heavy hit, breaking below the key resistance of $92,000 and crashing all the way down to $85,000. This sudden drop shook the market, triggering panic among traders. However, Bitcoin has since managed a slight recovery, currently trading around $87,500. BTC/USDT 1-day chart – Bitget The big question now is: Is this just a temporary dip, or are we about to see another major crash? Bitcoin Price Prediction – What’s Next? Bitcoin is currently hovering between support and resistance levels, leaving traders uncertain about the next move. Here are the two key scenarios: Scenario 1: Bitcoin Recovery…
The crypto market is witnessing remarkable growth in several digital assets which have recorded unparalleled gains. As per the data from CoinMarketCap, the top crypto gainers take into account $YZY, $BPX, and $CATX. The others among the top gainers include $MOODENG, $BOME, $GME, $TRUMP, $CAT, $POPCAT, and $TND. $YZY Leads Top Daily Crypto Gainers with Stunning 2600.62% Price Boost over 24 Hours CoinMarketCap’s list of top gainers places Yeezy ($YZY) in the 1st position. It has seen a massive 2600.62% upsurge over the past 24 hours, raising its price to $0.0001358. Additionally, its 24-hour volume is nearly $520,108. The 2nd…
The U.S. Securities and Exchange Commission (SEC) is dropping yet another case against an American crypto company, as the regulator continues its strategic retreat from the so-called “regulation by enforcement” approach to crypto regulation it took under the leadership of former Chairman Gary Gensler. Joe Lubin, CEO of Brooklyn-based crypto software company ConsenSys, said in a Thursday X post that the SEC has agreed to drop its ongoing securities enforcement case against ConsenSys’s MetaMask wallet tool. Like the agency’s decision to drop its case against crypto exchange Coinbase, which was announced last week, the move must first be approved by…
David Vallieres, a respected crypto analyst, has stated that he remains bullish on the leading cryptocurrency despite the dramatic drop that took place on Tuesday. Vallieres is convinced that the S&P 500 index is yet to reach a new record high. He believes that Bitcoin is likely to move in tandem with the flagship index based on the high correlation between the two. The S&P500 and #BTC are very tightly correlated now… pic.twitter.com/n7JSrfEY6u — David Vallieres (@vallieres_david) February 26, 2025 The largest cryptocurrency collapsed to $85,445 earlier today, reaching the lowest level since November. It is now down more than…
Looking for free NFT giveaways can be a headache. There are so many platforms and projects, but how do you know which ones are trustworthy and worth the effort? It can feel overwhelming trying to find genuine NFT projects. It’s frustrating, right? You spend hours scrolling through different sites, hoping to find something worth your time, only to run into dead ends or scams that steal your info. The last thing you want is to get your hopes up only to be disappointed by fake or low-quality giveaways. But don’t worry! We’ve got you covered. In this article, we’ll show…
The price of RUNE, the native token of THORChain, has climbed 19.7% to hit an intraday high of $1.65 today accompanied by a 29.6% increase in trading volume to $1.268 billion. This surge, however, comes amidst unsettling reports of illicit activity, as a hacker tied to the Bybit exchange reportedly exploited THORChain’s infrastructure to bridge over 70,000 ETH into Bitcoin (BTC) just a day prior. THORChain’s surge in price and activity THORChain has long been recognized for its role in enabling anonymous cross-chain swaps, a feature that empowers decentralized liquidity management across disparate blockchain networks. This functionality has fueled its…