Author: NBTC
Despite reaching the $100,000 mark on CME Futures, a stubborn sell-off has kept Bitcoin (BTC) from breaking decisively above that level on spot markets. Mike Novogratz, the billionaire investor and CEO of Galaxy Digital, has shared some thoughts on what might be driving this selling pressure. Based on his opinion on Galaxy Research’s data, the billionaire says a lot of it is down to 2024 buyers who got in at prices above $56,000. It looks like these market participants are just taking profits, which is pretty standard market behavior, Novogratz is convinced. It seems that there is more to it…
Decentralized exchanges (DEX) are increasing their relevance on the cryptocurrency trading landscape, approaching the centralized platforms (CEX) in volume. In this context, Finbold selected three DEX projects to keep an eye for 2025. As of January 7, the DEX/CEX volume ratio reached an all-time high, with over 20% of all crypto trading happening on decentralized exchanges. This data is from IntoTheBlock, shared on X by Hayden Adams, inventor of the Uniswap protocol, a leading decentralized exchange. Uniswap (UNI) as the leading DEX for the EVM ecosystem Among the top projects to keep an eye for 2025, Uniswap (UNI) stands out…
The non-fungible token (NFT) collection backed by President-elect Donald Trump launched its first 160 items, the “Trump Bitcoin Digital Trading Cards,” on Bitcoin (BTC) using the Ordinals protocol. Users who acquired the 100 NFT cards from the “Mugshot Edition” and submitted their Bitcoin wallets are eligible for the claim through NFT marketplace Magic Eden. Users had minted 19 out of 119 available Ordinals as of press time, with the claim period lasting until Jan. 31. Ordinals create unique assets on the Bitcoin blockchain by inscribing data onto individual satoshis, the smallest BTC unit. The Trump Bitcoin Digital Trading Cards used…
XLM has significantly outperformed XRP in the past 30 days, despite having a lower market capitalization. XRP Rises on Investor Optimism While XRP has surpassed tether (USDT) to become the third-largest digital asset, its performance over 30 days trailed behind its perceived rival, XLM. According to data from Coingecko, the U.S. dollar value of XLM surged by more than 483%, rising from $0.09 on Nov. 2 to $0.54 by Dec. 2 at 2:00 p.m. EST. During this period, it peaked at just over $0.60 on Nov. 24 before dropping to $0.42 on Nov. 27. Since then, XLM has hovered around…
Crypto mining farms are large setups where digital currencies are created. Mining is how new coins enter circulation, with Bitcoin being the first to be mined back in 2009. As of early 2025, thousands of coins are out there, contributing to a market worth over $3.4 trillion, but only a handful of them can actually be mined. What is a crypto mining farm? Crypto mining farm explained A crypto mining farm is essentially a hub where powerful computers team up to mine digital currencies. In simple terms, a crypto mining farm is a tech-driven facility where specialized computers, called mining…
As the largest altcoin Ethereum lags behind Bitcoin’s (BTC) strong gains, investors’ expectations remain low. Investors also do not believe that Ethereum will make a big rally, as investors estimate that there is a 29% chance that ETH will reach $4,000 this year. Deribit Asia Business Development Head Lin Chen shared on his X account that options traders predict a 29.1% probability that Ethereum will close the year above $4,000. Lin added that the current implied volatility (IV) for ETH options remains unusually high, indicating significant price swings over the next few days. “In the options market, the probability of…
Elixir, the decentralized consensus network for crypto exchanges, is partnering with tokenization platform Securitize to unlock decentralized finance for Hamilton Lane’s private credit fund. On Jan. 8, Elixir announced it was teaming up with Securitize to enable institutional access to Hamilton Lane’s Senior Credit Opportunities Fund, or SCOPE Fund. The fund launched on Solana (SOL) in July 2024. The partnership will see Elixir serve as the native path to DeFi for SCOPE investors, with the platform offering access via its decentralized stablecoin, deUSD. “Starting Monday, in partnership with Securitize, Elixir will enable the fund’s institutional asset holders to keep isolated…
As Bitcoin (BTC) price struggles to reach $100k, the altcoin industry, excluding Ethereum (ETH), has been gaining bullish momentum in the past few weeks. The rise of Ripple Labs-backed XRP to the third most valuable cryptocurrency by market cap has reminded investors of the high volatility in the altcoin space. Already, the TOTAL3, which tracks the altcoin’s market cap excluding Ether, has retested its all-time high of about $1.1 trillion. Consequently, more retail and whale investors have been rushing to mid and small-cap altcoins with great bullish potential for higher returns. Top Altcoins Likely to Register Bullish Breakout Soon Curve…
Bitcoin is rapidly approaching a key milestone of $100,000, and analysts are now predicting a potential surge of up to 150%, pushing its value to $170,000. Bitcoin continues to dominate market attention as it inches closer to a groundbreaking $100,000 valuation. On Friday, the cryptocurrency nearly touched $99,800 before retreating slightly over the weekend. As of the latest updates, Bitcoin’s price stands at $98,337.84, representing a modest 0.14% gain over the past 24 hours. Over the past week, the asset has climbed by 7.19%, reflecting robust upward momentum in the market. Analyst Roadmap Suggests Potential $170K Amid this movement, market…
Ethereum’s price action is capturing the attention of investors. As the year 2025 begins, Ethereum has witnessed a remarkable surge in stablecoin inflows. This comes as Ethereum co-founder Vitalik Buterin advocates for defense strategies against AI risks, The Ethereum network saw a stunning $1.11 billion increase in stablecoins over just seven days, according to data by LookOnChain. Second on the list is Solana with $202.13 million, while TON came in third place with $202 million. This boost in liquidity has translated into positive price momentum in ETH. At the time of publication, the token traded at $3,689 after a 1.6%…