Author: NBTC
Bitcoin’s price movements on Nov. 26, 2024, paint a clear picture of bearish momentum in the short- and mid-term, with a pivotal support zone at $92,000 under close scrutiny. Bitcoin On the 1-hour chart, bitcoin‘s descent is evident, marked by a consistent pattern of lower highs and lows. A bold red candlestick sliced through the $93,000 level, accompanied by an uptick in trading volume, signaling intensified selling activity. While a short-term rebound remains possible, the inability to stabilize below $93,000 suggests a risk of further losses. Traders looking for opportunities may find clarity in a consolidation or recovery near $92,000–$92,500…
Shytoshi Kusama, the pseudonymous Shiba Inu ecosystem lead, shares a new cryptic message, hinting at the imminent launch of TREAT. In the post, Kusama suggested that the broader Shiba Inu community is aligned and focused on common goals. He hinted at plans to commence a strategic ‘MEMLITARY OPERATION.’ This highlights a playful twist on Military Operation, combining the words ‘military’ and ‘meme.’ Notably, in this context, the Shiba Inu leader is indicating that the team behind the ecosystem is about to commence a strategic and organized initiative for a project like the upcoming TREAT token. Interestingly, he added the token’s…
Cryptocurrency markets are showing signs of caution as investors increasingly hedge against downside risks, according to a report from QCP Capital. The QCP highlighted growing concerns about potential downside risks stemming from a combination of factors. Tonight’s Federal Open Market Committee (FOMC) minutes: Investors will be closely analyzing the minutes for insights into future U.S. monetary policy. Personal Consumption Expenditures (PCE) data due on Wednesday: A key inflation indicator that can influence market sentiment. With these events on the horizon and the US holiday season approaching, the lack of an immediate bullish catalyst has stalled Bitcoin’s progress towards the symbolic…
Leading exchanges Binance and Coinbase see combined 50 million XRP sell walls above the $3 mark, capping XRP’s growth. Recall that XRP rallied to a high of $2.9 yesterday, brushing against the $3 psychological resistance. However, it failed to maintain momentum, closing the day with a 7.91% loss. Currently, XRP has recovered to $2.6, consolidating in a narrow range between $2.4 and $2.6. This period of consolidation has led to analyses of XRP’s order books, particularly on Binance and Coinbase. Market analyst and trader Dom recently provided an update on these order books, highlighting sell and buy walls that could…
Fidelity Investments’ Director of Global Macro, Jurrien Timmer, continues to provide insightful frameworks for understanding Bitcoin’s valuation and growth. In a recent update, Timmer shared his take on Bitcoin’s adoption and value trajectories, illustrated by detailed charts that reflect both historical trends and hypothetical scenarios. Timmer’s models aim to simplify Bitcoin’s complex growth dynamics, bridging the gap between network adoption and valuation. “While the supply is known, the demand is not,” he stated, emphasizing the critical role of adoption curves and macroeconomic variables such as real rates and monetary policy. Adoption Curves: Slowing But Consistent Growth Despite a slowdown in…
Airdrop farmers remain nostalgic following the successful launch of Hyperliquid, which allocated 31% of its HYPE tokens to the community on day one. Its powering token, HYPE, surged 125% post-launch, with a $1.5 billion market cap, and does not show signs of stopping. With its valuation up over 514% since launch and a current market cap exceeding $4.2 billion, Hyperliquid has sparked speculation about which projects might replicate its success. Considering tokenomics and community engagement strategies, here’s a look at potential contenders poised to follow Hyperliquid’s trajectory. Grass Grass gained attention with its first airdrop on Solana, distributing 10% of…
Indian cryptocurrency exchange CoinDCX is facing criticism on social media due to restrictions on crypto withdrawals. Many users have reported issues such as failed INR withdrawals and delays in resolving their support tickets, with some claiming their withdrawal requests have been pending for weeks. This has led to growing frustration among users. The confusion surrounding CoinDCX’s withdrawal policies has raised questions about the platform’s Know Your Customer (KYC) procedures. Users are concerned about inconsistent rules, with some speculating that the sudden changes to withdrawal processes could indicate potential issues with the exchange’s regulatory compliance. As the complaints continue to mount,…
This is a segment from the Empire newsletter. To read full editions, subscribe. Bitcoin’s wild price swings have beaten us all into submission. We naturally expect enormous corrections to crush hopes, dreams and wallet balances, even in the midst of monster bull runs. So, you’d be forgiven for expecting a sudden 50% collapse in the price of bitcoin on its way to six figures and beyond. Is it warranted? First, to be clear: bitcoin does have a habit of tanking by about 80% from bull run peak to bear market trough. It has happened every cycle going right back to…
South Korea’s leading crypto exchange, Bithumb has announced the listing of Filecoin (FIL) and its transaction support is officially launched on the Won Market. Bithumb Allows Filecoin (FIL) Trading Bithumb Listing: [마켓 추가] 파일코인(FIL) 원화 마켓 추가Bithumb上新: [新增市场] 新增 Filecoin (FIL) KRW 市场https://t.co/VHQaTUgjgH$FIL — 方程式新闻 BWEnews ⚡️🚀 (@bwenews) January 6, 2025 According to the official announcement, the trading is supported on the Filecoin network and deposits via other networks are not supported. The deposit/withdrawal will begin within three hours from the time of the notice posting. The trading start time is scheduled for 4:00 PM on Monday, January 6, 2025.…
Cardano scaling protocol Hydra has recorded a major milestone after surpassing the 1 million transactions per second (TPS) threshold. Hydra’s proficiency has scaled impressively while being tested in the latest Doom gaming competition. Earlier today, the protocol broke the 1 million transactions per second (TPS) mark, becoming one of the fastest in the crypto ecosystem. Hydra Hits Major Transaction Milestone On its own, Cardano is one of the fastest layer-1 networks out there, with an impressive TPS capability. Meanwhile, Cardano introduced the Hydra Head to improve the network’s scalability further, testing the protocol with the latest Hydra Doom tournament. Notably,…