Author: NBTC
Just a few hours ago, bitcoin’s price was close to breaking above $96,000, but the bears took complete control of the market, and the asset dumped to its lowest level since November 26. The altcoins are in a state of freefall as well, with ETH beneath $3,100 and XRP under $2.4, while ADA, SUI, and many others have plummeted by double digits. The past week didn’t go well for the primary cryptocurrency, despite its positive start when it jumped above $100,000 on Monday and beyond $102,000 on Tuesday. In the next 48 hours, though, BTC slumped by more than ten…
Cryptocurrency analyst IT Tech has provided insight into the current market conditions of Ethereum, explaining the key trends in whale activity and price movements. According to IT Tech, Ethereum’s large trading volume (LTV) remains lower compared to previous bull cycles in 2017 and 2021. This suggests that the market is currently driven more by retail investors rather than institutional-scale transactions that usually signal speculative swings. While small increases in whale activity have been observed, these are not at levels that typically precede a major rally or significant sell-off. However, IT Tech warns that sudden increases in whale transactions are often…
The following article is an op-ed by Daniil Shcherbakov, Co-Founder at TonTon Games. As 2024 comes to an end, the Web3 gaming industry is still at a crossroads. Often touted as the future of gaming, with promises of true freedom for players, it has also become a graveyard for ambition — 75% of projects launched between 2018 and 2023 failed within a year. And as the industry stands on the brink of 2025, hopes are high, but the cracks are hard to ignore. The market is holding its breath, awaiting this year’s statistics. But before we speculate on Web3 gaming’s…
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 down -3.84% today against the US Dollar BTC/ETH increased by 2.43% today Bitcoin is currently trading 11.90% below our prediction on Jan 18, 2025 Bitcoin dropped -10.83% in the last month and is up 111.44% since 1 year ago BTC price is expected…
Bitcoin price reclaims the $105,000 price target and altcoins are following this lead. Ethereum is highly anticipated to surge to hit its first new ATH this cycle. ETH price is nearing the end of a bullish falling wedge formation. As the price of Bitcoin recovers its $105,000 price range, the pioneer crypto asset is expected to continue in a slow sideways movement until it can close above the $106,000 price range on the daily chart. One analyst believes that this move will elevate Bitcoin’s ability to hit its next ATH target which will likely be at the $120,000 price target.…
Billionaire investor Mark Cuban has proposed that creators of memecoins should fill out a registration form as part of the listing process. In a post on X, Cuban said that the mass proliferation of memecoins that the crypto industry is currently experiencing is due to the lack of registration criteria. Cuban’s comments came in response to a statement by Coinbase CEO Brian Armstrong on the need for a new listing process for the exchange. Armstrong had earlier noted that the current process for listing tokens is inadequate. According to Armstrong, around one million tokens are created weekly, making it impossible…
Donald Trump, who won the presidential race in November, brought a surge to Bitcoin and altcoins. In the rally initiated by Trump, Bitcoin reached new highs of $108,000, while Ethereum exceeded $4,000. However, this rally lost momentum as the new year approached, and the Bitcoin price fell to $90,000 levels. At this point, while it is wondered whether the declines will continue, analysts generally think that the cryptocurrency market is moving away from the Trump narrative. Analysts say the dollar has strengthened due to the shift away from the Trump narrative and the hawkish statements coming from the Fed, putting…
Ethereum has been showing strong bullish cues despite recent selling pressure. The cryptocurrency has remained resilient, maintaining its recovery momentum even as investors moved significant amounts of ETH onto exchanges. Market conditions and investor behavior suggest that the Ethereum price may be poised for an upward breakout in February. Ethereum Investors Are Skeptical The Ethereum exchange net position change indicates that 122,000 ETH, worth approximately $390 million, has flowed into exchanges. This surge in supply suggests that investors took advantage of Ethereum’s price recovery above $3,000 on Tuesday to lock in profits, reflecting cautious market sentiment. Despite this selling activity,…
Austin King, co-founder and CEO of OmniNetwork, in a latest X post breaks down Ripple’s latest move into tokenization and how it will reshape the onchain economy. Is Ripple positioning the $XRP Ledger to take on BlackRock?With over $10 trillion dollars under management, the world’s largest asset manager is beginning to focus on Ripple’s latest expansion: tokenization.Here is a strategic breakdown of this next phase for $XRP: pic.twitter.com/L9cdUt0hDx — Austin King (@0xASK) January 18, 2025 He highlighted that the world’s largest asset manager, BlackRock, is focusing on tokenization, and Ripple is positioned to lead this charge. He also shared a…
With his U.S. Senate confirmation behind him, Scott Bessent is in place to be the top financial official of President Donald Trump’s administration, where he’ll be among those fulfilling the crypto directives already set out by the president last week. Bessent, a billionaire former hedge fund manager, didn’t give the crypto sector much to chew on during his nomination hearing earlier this month, but he’s a known digital assets enthusiast. His boss, Trump, has already assigned him a spot on the team assigned to marshal the federal government toward a friendly system of oversight. The Senate voted 68-29 to approve…