Author: NBTC
Semler Scientific, Inc. acquired 237 Bitcoins between Dec. 16 and Jan. 10, at an average price of $98,267 per token. These purchases increased the company holdings to 2,321 Bitcoin (BTC), according to a company release. Semler’s cumulative investment in Bitcoin now stands at $191.9 million, with an average acquisition price of $82,687 per BTC. The purchases were funded through proceeds from an at-the-market offering and operating cash flow. The medical device manufacturer has previously stated that it is “laser focused” on acquiring and maintaining a larger Bitcoin reserve after its holdings exceeded 1,050 BTC. “We will continue to pursue our…
Ethereum, the second-largest cryptocurrency by market capitalization, is on track to maintain a consistent pattern from its historical trends. Since its launch in 2017, Ethereum’s price has ended all but one of the following Februarys with a positive return. This trend is so pronounced that many crypto analysts view February as a bullish month for Ethereum and use it to predict altcoin market behavior for that time of the year. Ethereum’s February Performance Except for February 2018, when Ethereum’s price dropped 24% within the month, the remaining seven Februarys have seen the altcoin close with positive returns. 2017 marked Ethereum’s…
The ongoing hype surrounding approvals for a Litecoin exchange-traded fund (ETF) has triggered an unusual boost for LTC. IntoTheBlock data shows approximately 80% of addresses in the Litecoin network are profitable, demonstrating the bullish momentum. Analyzing IntoTheBlock data The data shows 6.53 million addresses; approximately 80% of tracked addresses are “in the money” or amassing profit. Addresses out of the money or recording losses total 1.26 million (15.42%). Meanwhile, Litecoin addresses the break-even point of 366,210, or 4.49%. Notably, the profit occurred amid heightened expectations of a potential Litecoin ETF launch. As reported earlier by U.Today, Bloomberg’s Senior ETF Analyst…
Sony Block Solutions Labs presents “Soneium Conquest”, a four-week interactive blockchain initiative that combines learning, gamification, and engagement. The activity is aimed at introducing creators, developers, and enthusiasts to the Soneium ecosystem, opening the doors to the future of web3. Let’s see all the details in this article. Sony BSL inaugurates the future of Web3 and blockchain with “Soneium Conquest” The impact of Web3 on digital connections Sony BSL inaugurates the future of Web3 and blockchain with “Soneium Conquest” Sony Block Solutions Labs (Sony BSL), part of the Sony group and founded in Singapore in 2023, has announced the launch…
Bitcoin’s price is currently losing a key level, which could lead to a deeper correction in the coming weeks. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, the asset has been rejected from the $100K resistance level twice in the last couple of months. This failure to continue higher has led to a drop toward the $92K support zone, which is now getting broken to the downside. If this level is lost, a decline toward the $85K area and even a deeper correction toward the $80K zone could be expected. The 4-Hour Chart As the…
Tron founder and HTX Global Advisor Justin Sun has suggested that the issuance of a memecoin by US President-elect Donald Trump could be a turning point for crypto regulation in the United States. Speaking at an HTX X Space event titled “Interpreting the Hot Value of Trump Memecoin,” Sun brought up the broader implications of Trump’s entry into the cryptocurrency market. Sun said Trump’s support for cryptocurrencies could intensify competition in the sector, predicting that major tech players such as Facebook and Apple could enter the field by opening trading platforms. “Competitive pressure will increase in the future,” he added.…
In a surprising development, the SEC has apparently dropped its lawsuit against Ripple without announcement. The Commission removed references to the case from its website, but other crypto lawsuits are still visible. At least one attorney claimed that the suit is still listed on more restricted/official channels, but this may or may not change. Is Ripple Vs SEC Finally Over? The Ripple vs SEC case has been one of the biggest talking points in crypto since it was first filed four years ago. For instance, rumors of a settlement between these two parties have fueled major price bumps in Ripple’s…
Ice Open Network, a scalable and rapid L1 blockchain, has announced its mainnet launch. As per Ice Open Network (ION), the mainnet launch of its blockchain denotes a noteworthy development as it is debuting with up to 200 validators, displaying a resilient community participation. The platform took to social media to announce this development. 🌟 ION MAINNET IS LIVEhttps://t.co/IpXCt2svaX👉 The ION Blockchain launches with 200 validators (double our target!) and over 15% of the 6.8B $ICE supply staked – https://t.co/54NYyJtezm👉 $ICE is coming home! The ION Bridge is now open, enabling seamless migration from BSC… pic.twitter.com/S37fD3gbB1 — Ice Open Network…
Bitcoin is facing a downward trend of lower highs and lower lows, with both technical and fundamental analyses showing a bearish momentum. At the time of publication, the price on CoinMarketCap was 90,567, representing a 3% and 8% decline in the past day and week, respectively. Bitcoin’s mining landscape has reached a remarkable milestone. The network’s difficulty adjustment, a measure of how hard it is to mine a block, has climbed for the eighth consecutive time, hitting an all-time high of 110.45 trillion. This marks a 110.45 trillion-fold increase in difficulty since Bitcoin’s inception, data from Glassnode showed. This reflects…
Ethereum’s price action has been consolidating in a structured range, implying an accumulation phase. The price has been choppy, failing to break above key resistance levels. This behavior aligns with market participants accumulating their positions instead of immediately pushing the price higher or lower. Each Gap Zone available to the market below the price range at which it is found suggests a potential liquidity target. These gaps tend historically to be gravitated to by price. They represent areas of unfilled liquidity in which buyers and sellers alike may step up with large orders. Ethereum’s price finds itself near this zone…