Author: NBTC
February, one of Ethereum’s most lucrative months in the past, is quickly approaching. An analysis of historical performance shows that February has occasionally produced ETH returns like the 173% spike in 2016. While previous performance does not necessarily portend future results, these patterns do provide insight into possible market sentiment. After a steady increase from the 50 EMA support, Ethereum’s price is currently hovering around $3,700, indicating strengths. Earlier this month, the asset showed increasing bullish momentum by breaking through critical resistance at $3,400. Recent trading volumes, however, indicate prudence as some market players wait for more solid confirmations. Ethereum…
Monero, the most popular privacy coin on the market used to have a mechanism for decreasing the issuance of new XMR over time, but that process was uniquely different from cryptocurrencies like Bitcoin. Currently, Monero is in the “tail emission” phase, meaning that the block rewards are fixed at 0.6 XMR, and will remain so indefinitely. Key highlights: Different cryptocurrencies have different approaches to managing the creation of new coins, typically through mechanisms like Proof-of-Work (PoW) or Proof-of-Stake (PoS). Monero developers have opted for a more gradual approach compared to Bitcoin halvings, reducing the mining rewards over time. In May…
Bitcoin (BTC) price action continues to come under focus as analysts consider its correlation with the global M2 money supply. A notable projection suggests the pioneer cryptocurrency may be at the cusp of a 20–25% correction, aligning with a recent contraction in M2 liquidity. Why Bitcoin May Be Due for a 25% Correction Bitcoin custody firm Theya’s head of growth, Joe Consorti, has highlighted Bitcoin’s close tracking of the global M2 with an approximately 70-day lag since September 2023. In a recent post on X (formerly Twitter), Consorti warned of a potential BTC pullback by 25% as it continues to…
Ethereum ($ETH), a prominent crypto asset, is potentially seeing a noteworthy shorting trend. As per a well-known analyst “Maartunn,” taker sellers are expressing extreme Ethereum shorting, outcompeting taker purchasers by more than $350M daily. The analyst disclosed this market outlook on social media. Cat is right. ✅️Ethereum is seeing aggressive shorting. Taker sellers are dominating, outpacing taker buyers by over $350M daily. https://t.co/wu3Rd9SH1t pic.twitter.com/tdrxeinO60 — Maartunn (@JA_Maartun) January 4, 2025 Ethereum Emerges as Major Crypto Asset Seeing Extreme Shorting Maartunn mentioned that Ethereum seems to be the top major shorted crypto amid the present trading environment. In this respect, the…
Bitcoin’s (BTC) much-anticipated breakout above $100,000 remains out of reach, with prices retreating to $94,500 overnight. Key indicators point to further declines, potentially to levels below $90,000. The first indicator is the 25-delta risk reversal, which measures the volatility premium of out-of-the-money calls used to bet on price rallies relative to OTM put options offering downside protection. On Deribit, calls expiring this Friday now trade at a cheaper valuation to puts, resulting in a negative risk reversal, according to data source Amberdata. The first negative reading in at least a month indicates a bias for protective puts. Perhaps sophisticated traders…
Bitcoin versus Ethereum Ethereum (ETH) is increasingly being recognized as more decentralized than Bitcoin (BTC), according to Ethereum advocate Anthony Sassano. He argues this trend stems from Ethereum’s ability to implement systemic anti-centralization measures and foster a robust developer and community ecosystem. Sassano highlights Ethereum’s strong resistance to censorship as evidence of its commitment to decentralization. The network’s design includes mechanisms to deter centralization, such as staking and the proof-of-stake (PoS) consensus mechanism. Additionally, Ethereum boasts over 170 active developers contributing to its ecosystem, significantly outpacing Bitcoin in this area. With “tail issuance” ensuring sustainable incentives for validators, ETH’s monetary…
Jason Calacanis, one of the best-known angel investors, recently questioned Saylor’s strategy. Calacanis, who is known for placing early bets on such companies as Uber and Robinhood, said that the company was “tipping into memestock madness.” “Why would anyone pay $1 for 80 or 90 cents worth of Bitcoin?” he asked. In response, Saylor argued that Bitcoin “represents the digital transformation of capital.” By issuing fixed income and equity backed by the largest cryptocurrency, MicroStrategy is accelerating this transformation. However, Calacanis does not seem to be swayed by the explanation, noting that the company’s strategy appears to be too complicated…
In October 2024, the volume of ethereum locked into liquid staking platforms surpassed the 14 million ether threshold. However, as of 2025, the total ETH held in these protocols has fallen below the levels recorded at the end of November. As of Sunday, Jan. 5, 2025, approximately 13.78 million ether remains tied up in liquid staking platforms. Decreasing Confidence? Liquid Staking Platforms Hold Less ETH in 2025 At the close of November 2024, Bitcoin.com News detailed that liquid staking protocols collectively secured 13.85 million ETH. Since that report, holdings in these platforms have declined by 70,000 ether. Liquid staking derivatives…
JAN3, a Bitcoin tech company founded by Samson Mow, has raised $5 million to make Bitcoin and Layer 2 technologies easier to use. Supported by major investors like Fulgur Ventures and Tether, the company plans to solve Bitcoin’s scalability issues and help expand its use, especially in areas with limited access to financial services. JAN3 is a Bitcoin tech company founded by Samson Mow. It has raised $5 million in funding to make Bitcoin and Layer 2 solutions easier to use. The main investors in this round were Fulgur Ventures, Grupo Salinas, Tether, Lightning Ventures, and East Ventures. The investment…
Samson Mow, renowned Bitcoin maximalist and JAN3 chief executive officer, has addressed his army of followers to remind them that after the Bitcoin crash in the last 24 hours, there is now a “Black Friday sale” for BTC. “Bitcoin Black Friday sale” The world’s largest cryptocurrency has plunged by 5.83%, losing the recently gained $98,650 level, and landing in the $92,890 zone. Consecutive red candles on the hourly chart were mixed with occasional green candles as Bitcoin made several attempts to recover. As of this writing, Bitcoin is changing hands at $92,666. Since Friday last week, when Bitcoin reached a…