Author: NBTC
Veteran commodities trader Peter Brandt asserts that the Bitcoin price has formed “a classic top pattern.” The crypto market has been thrown into uncertainty over the past few weeks as macroeconomic factors have subdued Bitcoin‘s price. With these price struggles sparking concerns about the fate of the bull market, a veteran trader has now highlighted that the asset has formed a top pattern. Is the bull market over? Bitcoin Head and Shoulders Pattern Veteran commodities trader Peter Brandt recently asserted that Bitcoin’s price has formed “a classic top pattern.” Brandt disclosed this in an X post on Sunday, January 12,…
After a prolonged period of consolidation, cryptocurrency activity has picked up this week, with global crypto market capitalization rising by 2% during that period. This renewed momentum has prompted large investors to accumulate select altcoins. Ripple (XRP), Litecoin (LTC), and Toncoin (TON) are among the assets seeing increased whale activity. Ripple (XRP) Ripple’s XRP has seen an uptick in whale activity this week. According to Santiment, large investors holding between 1,000,000 and 10,000,000 XRP tokens have acquired 180 million tokens valued above $590 million at current market prices in the past seven days. XRP Supply Distribution. Source: Santiment Apart from…
An analyst has identified key Bitcoin resistance levels for a significant upsurge as the asset bounces off the 21-day Exponential Moving Average (EMA). Over the weekend, Bitcoin remained relatively stable, fluctuating within a narrow range of $94,000 to $95,000. As of the latest data, Bitcoin’s price is $94,173, reflecting a 5.31% drop in the last week. While Bitcoin’s market capitalization holds at $1.864 trillion, its dominance has slipped to 54.2%. This modest decrease suggests a slight shift in investor preference towards alternative cryptos. Amidst this calm, analyst Egrag assessed critical levels and potential future movements for the leading crypto. A…
Chainlink co-founder has lauded the idea that Donald Trump could issue an executive order to elevate crypto as a policy priority. Meanwhile, he suggests the creation of a development environment to handle all complexities while rebuilding existing financial products. Bloomberg recently reported that US president-elect Donald Trump is planning to designate crypto as a national priority by releasing an executive order to that effect. Fascinatingly, this report has generated reactions from key industry players. One of them is Chainlink co-founder Sergey Nazarov. I think the technical term to describe this situation is “now we’re cooking with gas” I wonder what…
The beginning of the new year 2025 can hardly be called prosperous for the cryptocurrency market. First, the price of Bitcoin (BTC) teased us with a new all-time high breakout, which eventually ended with a lower high compared to the December peak, forming what many see as a head and shoulders pattern. One of the most popular technical analysis formations, the head and shoulders pattern, presents itself as three waves of growth, with the head being the middle and largest wave. However, it is the shoulders that fail to reach the middle peak, signaling the current weakness of buyers. The…
Bitcoin (BTC) started the new week on a negative note as major investment banks reassessed their expectations for Federal Reserve (Fed) rate cuts following Friday’s strong jobs report. The leading cryptocurrency by market value dipped below $93,000 during the European hours, representing a 1.6% drop on the day, according to data source CoinDesk. Prices looked set to test the support zone near $92,000, which has consistently acted as a floor since late November. The CoinDesk 20 Index, a broader market gauge, was down over 3%, with major coins like XRP, ADA, and DOGE posting bigger losses. In traditional markets, futures…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Donald Trump begins his second term as President of the United States on Monday, and after an expensive campaign season, crypto will finally get its president. Bitcoin gained momentum following Trump’s victory, largely due to his pledge to create a strategic bitcoin reserve that would see the US Treasury Department accumulate nearly 5% of all bitcoin. But Trump taking office may still reap benefits for a less reserve asset and more use case focused network in Solana, industry participants say. SOL is up 19% on the week…
The altcoin community is excited as several significant token unlocks are expected to occur from January 17 to January 22, 2025. These could have massive consequences for market directions and investment approaches because these projects release millions of tokens into circulation. The top of the list is occupied by Apecoin (APE) and Ancient8 (A8), while others include Manta Network, UXLink, and Space ID. MAJOR UPCOMING TOKEN UNLOCKS#ApeCoin $APE #Aancient8 $A8 #MantaNetwork $MANTA #UXLINK $UXLINK #Fusionist $ACE #Pixels $PIXEL #Polyhedra $ZKJ #MerlinChain $MERL #SPACEID $ID pic.twitter.com/mH4LW748xI — PHOENIX – Crypto News & Analytics (@pnxgrp) January 17, 2025 Apecoin (APE): Leading the…
Max Keiser, a prominent Bitcoin maximalist and currently the BTC advisor to El Salvador’s president Nayib Bukele, has shared his take on why Bitcoin keeps tanking now despite major bullish drivers. Among them are MicroStrategy’s recent frequent BTC purchases. After dropping from almost $102,000 to slightly below $93,000 between Jan. 7 and 9, the world’s primary cryptocurrency Bitcoin has recovered the $95,700 level and has been moving in the range near $95,000. Over the past 24 hours, BTC has lost 2.57% and is changing hands at $92,933 as of this writing. The main reasons for this lengthy correction have been…
World Liberty Financial, the crypto project backed by the family of U.S. President-elect Donald Trump, plans to acquire tron (TRX) tokens for its treasury, according to a person familiar with the matter. The prospective move would deepen World Liberty Financial’s close ties to the Tron empire. Its founder Justin Sun already advises Trump’s crypto project. He’s also single-largest holder of its WLFI token, having bought $30 million in November. It’s not clear how much TRX World Liberty plans to add to its reserve of cryptocurrencies. World Liberty’s raised $90 million from sales of WLFI. Its previously parked seven-figure sums in…