Author: NBTC
Bitcoin’s price action is full of wild swings and significant technical indicators enough to capture the interest of traders. At the time of this writing, Bitcoin continues to trade at $80,010.42 (77,344.88), representing a 3.76% increase over the previous day. Recent price action has determined a struggle between the bulls and bears, with significant indicators signaling future challenges. Will Bitcoin bounce back amid such conditions? Are Technical Indicators Alarming Signals? Tremendous information on Bitcoin’s momentum can be observed from the MACD and RSI. The MACD line at -1002.04 dips below the signal line -1183.90, indicating a bearish crossover in the…
FED Chairman Jerome Powell made interesting statements about the US economy in his speech at the Chicago Economic Club, which was held as planned today. Here’s what Powell said: Current policy is well placed and we will await clearer economic data before considering changing the policy stance. Despite heightened uncertainty and ongoing downside risks, the U.S. economy remains “strong.” Employment is now near its highest level, inflation is just above the 2% target, and inflation has fallen significantly. Economic growth in the first quarter of 2025 may slow compared to stable growth last year. Strong imports in the first quarter…
Token unlocks play a pivotal role in the crypto market, impacting liquidity, price volatility, and investor sentiment. They are events in crypto where locked coins or tokens are released and become available for trading in the open market. This week, three major projects—Axie Infinity (AXS), Jito Labs (JTO), and Xave (XAV)—will release previously locked tokens into circulation. Here’s what you need to know and watch for. 1. Axie Infinity (AXS) Unlock Date: April 12 Number of Tokens to be Unlocked: 10.72 Million AXS (3.97% of Total Supply) Current Circulating Supply: 160.159 Million AXS Total supply: 270 Million AXS Axie Infinity…
Bitwise chief investment officer Matt Hougan says that corporate buying of Bitcoin (BTC) is most likely about to explode. In a new interview with Kyle Chasse on his YouTube channel, Hougan notes that while holding BTC in corporate treasuries is still relatively unorthodox, the same could be said about Bitcoin exchange-traded funds (ETFs) in their early days. Hougan says he sees a theme developing in the adoption of Bitcoin as a corporate reserve asset that parallels the embrace of BTC ETFs. “Let me make an analogy to the ETF space… If you look at institutional asset managers in the crypto…
Chinese cryptocurrency journalist Wu Blockchain announced in his post that the Panama City Council approved a proposal that paves the way for public payments to be made with Bitcoin (BTC) and other cryptocurrencies. This move was seen as a major step towards the mainstreaming of crypto, making Panama one of the most crypto-friendly cities in Latin America. According to Panamá Region Mayor Mayer Mizrachi, the Panama City Council has approved a proposal that paves the way for crypto payments that will allow citizens to pay taxes, fees, tickets, and permits using Bitcoin (BTC), Ethereum (ETH), USDC, and USDT. “The Panama…
Mind Network, an infrastructure project focused entirely on homomorphic encryption (FHE), has officially launched the challenge system for its first FHE token airdrop. Eligible users can now visit the project’s official website to check their allotment. Five main groups will benefit from the airdrop distribution: CitizenZ Passport NFT holders vFHE delegation and mainnet participants Participants in invitation-based events AgentConnect Hub registrants Active community participants According to Mind Network officials, the initiative aims to reward early backers and active participants who contribute to the growth of the project and the broader Agentic AI ecosystem. The airdrop also serves to further the…
Crypto and TradFi markets had a strong opening today, as Bitcoin briefly jumped 5% due to optimism about a tariff deal. China and institutional investors in the US wish to avoid a trade war if possible. Despite these encouraging signs, no deal has actually been reached, and Bitcoin also suffered subsequent losses. The whole market is in a state of flux until the situation becomes more clear. How Will Bitcoin Perform Under Tariffs? The crypto markets are full of fear right now, and it’s difficult to determine a safe bet moving forward. Since the market suffered huge liquidations yesterday, it…
Russia should be eyeing its own fiat-backed stablecoins, a senior finance ministry official has said. According to a Reuters report on April 16, Russia should unveil its own stablecoins after recent events related to the popular U.S. dollar pegged stablecoin Tether (USDT). If launched, these stablecoins could be pegged on other currencies. The incident in question relates to reports that USDT issuer Tether blocked Russia-linked digital wallets belonging to a local crypto exchange that came under sanctions from the European Union. Osman Kabaloev, the deputy head of the Finance Ministry’s financial policy department, says Russia should be looking at “internal…
Although the cryptocurrency market initially withstood last week’s US tariff shock well, led by Bitcoin, Bitcoin lost 4%, Ethereum lost 10%, XRP lost 6.5% and BNB lost 5.91% following the major decline over the weekend. With the decline felt more severely in altcoins, the entire cryptocurrency market lost 4.88% in the last 24 hours, and at the time of writing this article, the total cryptocurrency market value is at the level of $2.53 trillion. However, there will be a large number of token unlocks in many altcoins in the new week. Here is the token unlock calendar we have prepared…
Bitcoin dropped below $77,000 today after US President Donald Trump announced a 104% tariff on Chinese imports, escalating trade tensions that have unsettled global markets since April 2. The tariff announcement sparked volatility across risk assets, with both the S&P 500 and Nasdaq experiencing sharp intraday gains of around 4% before retreating to erase most of their daily gains. Bitcoin followed a similar pattern, briefly surging above $80,000 before falling below $77,000. Ahead of the tariff rollout, President Trump engaged in talks with allies like South Korea and Japan, sparking brief market optimism. The White House said nearly 70 countries…