Author: NBTC
Ethereum is showing strong bullish momentum, driven by an influx of buyers. However, as the price nears a significant resistance level at $4K, market participants should anticipate a period of consolidation with the potential for heightened volatility. Technical Analysis By Shayan The Weekly Chart Ethereum has experienced an impulsive uptrend, fueled by buying activity near the $2.5K support region. This movement has led to a breakout above the key 100-day and 200-day moving averages, signaling a shift in market sentiment and confirming the buyers’ dominance. The asset is approaching the $4K resistance zone, a crucial psychological and technical level, likely…
According to on-chain data, Ripple has transferred 60 million XRP in different transactions to anonymous wallets. This development comes amid the announcement of a strategic collaboration between Garanti BBVA and Ripple aimed at enhancing the performance and security of Garanti BBVA’s growing digital platform. According to Blockchain data tracker Whale Alert, the transfer of 60 million XRP, valued at approximately $30.1 million, was executed in two parts. The first transaction saw “30,000,000 XRP worth $15,908,943 transferred from Ripple to unknown wallet,” while the second saw “30,000,000 XRP worth $15,908,943 transferred from Ripple to unknown wallet.” 🚨 30,000,000 #XRP (15,908,943 USD)…
Coinbase users in New York can now trade the popular dog-themed meme coin Dogwifhat in one of the most tightly regulated cryptocurrency markets. According to a Dec. 3 announcement, Coinbase has made Dogwifhat (WIF) available for users in New York who can now “buy, sell, convert, send, receive or store” on the exchange’s website, iOS and Android applications. dogwifhat (WIF) is now available to New York residents on https://t.co/CD3RBjtMAO & in the Coinbase iOS & Android apps. — Coinbase Assets 🛡️ (@CoinbaseAssets) December 2, 2024 New York State enforces specific cryptocurrency business regulations, requiring companies to secure either a BitLicense…
The number of Bitcoin addresses in profit has significantly increased following its price surge above the $65,000 zone. According to data provided by IntoTheBlock, over 50.67 million Bitcoin (BTC) addresses have accumulated the asset below $65,500, accounting for 94% of the total BTC holders. The remaining 6%, around 3.37 million addresses, purchased Bitcoin for an average price of $68,139 with a total volume of 1.58 million BTC, per data from ITB. Of this tally, over 80,000 daily active addresses are in profit and around 247,000 holders are close to their initial investment, per ITB data. At this point, only 3,440…
For the first time since its approval, Ethereum exchange-traded funds (ETFs) have recorded monthly inflows surpassing $1 billion, signaling a significant rise in institutional interest. This milestone coincides with ETH’s price climbing to $3,700, raising expectations for further gains in the near future. With institutional demand poised to bring long-term stability, the substantial inflows suggest that Ethereum is becoming a preferred asset for diversified portfolios. How will this affect ETH’s price? Ethereum Sees Improved Institutional Interest In September, Ethereum ETFs faced a tough month with net outflows of -22,678 ETH, indicating weak investor demand. However, October saw a dramatic rebound,…
A market commentator teased innovatory bragging rights that Floki has over Shiba Inu, Dogecoin, and PEPE after the launch of an auto-burn feature. According to a tweet from community enthusiast Scofield, Floki’s latest auto-burn mechanism among other features has given it an edge as it trumps those of notable meme coins like Shiba Inu and Dogecoin. Scofield noted that Floki Inu has a money printer that automatically buys and burns the FLOKI token, enhancing the meme coin’s deflationary course. Notably, his comments came after the Floki team announced a major breakthrough in its burn mechanism. Floki Inu Buy/Burn Mechanism Now…
Bitcoin (BTC) surged nearly 7% on October 14, 2024, bringing its price close to $66,500 as it continues to build on steady demand since April. This rise puts the cryptocurrency within striking distance of its all-time high of around $73k. Key market indicators suggest that the token’s momentum is gaining strength, with several metrics pointing to a possible push toward record levels in the near term. Key Resistance Levels to Watch Bitcoin is approaching critical resistance levels that could define its near-term trajectory, with the token presently sitting 11% below its all-time high. As of press time, key resistance points…
Ethereum’s breakout ends months of consolidation and signals a big move upward with clear price targets ahead. Market activity is rising as Ethereum holds strong above key support levels and builds momentum for higher gains. The bullish trend is driving attention from investors as the coin aims for new highs in the coming weeks. Ethereum has broken out of a descending, broadening wedge that lasted 280 days, indicating a shift in its trajectory. The breakout occurred as its cost climbed above $3,800, signaling a strong move toward bullish momentum and higher price levels. Analysts now forecast Ethereum reaching targets in…
Aurum Equity Partners has launched a groundbreaking $1 billion fund on the XRP Ledger platform. The fund is aimed at investing in data centers in the US, UAE, Saudi Arabia, India, and Europe, and is presented as the “world’s first combined equity and debt tokenized fund.” Powered by Zoniqx’s asset tokenization technology, it aims to improve the governance of traditionally illiquid assets. The initiative marks a major milestone for both XRP Ledger and Ripple Labs, highlighting their commitment to the growing real-world asset tokenization (RWA) market. Industry reports predict that the sector could reach trillions of dollars as institutional interest…
Ethereum layer-3 gaming network Xai is set to release “Tiny Sentry Keys” to lower the barrier for entry into its Sentry Key ecosystem, promising future benefits within the gaming ecosystem for buyers. Xai’s Sentry Keys are NFT-based licenses for nodes that are operated by network supporters, which can be staked to receive rewards. Already, the Xai Foundation claims, approximately $340 million worth of rewards and airdrops have been distributed through this scheme thus far—including the much-hyped XAI token airdrop earlier this year. At the time of writing, according to ArbiScan, there are currently 6,447 Sentry Key holders. with this figure…