Author: NBTC
Bitcoin (BTC) has been consolidating below the $100,000 psychological resistance since breaking out of a seven-month downtrend in November. Now, traders are cautiously looking at key levels that BTC needs to reclaim before trying a new price rally above $100k. In particular, CrypNuevo has set a key price target to validate the upward momentum and a potential $100,000 breakout. According to a post on November 29, the trader is ready to open long positions if Bitcoin reclaims $98,300. “If we want to see a push higher to $104k-$105k , then Bitcoin needs to get back above this key level: $98.3k.…
Ethereum (ETH) was still the leader of DEX activity for 2024, at least in terms of trading volumes. The Uniswap V3 contract was among the most widely used throughout the year, offering the best liquidity for wrapped ETH and stablecoins. Ethereum still surpassed other chains in its yearly DEX activity and volumes. Despite lagging meme token launches, Ethereum hosted significant liquidity through Uniswap V3, which still has not been replaced on L2 chains or any other network. In the past 12 months, Ethereum DEX achieved $674B in trading volumes, still surpassing Solana’s $626B. BNB Chain took the third spot with…
A market pundit has recently presented how the forthcoming Ripple stablecoin RLUSD could help boost XRP prices. Ripple’s stablecoin, RLUSD, is poised for launch before the end of this month, pending regulatory approval from New York authorities. While reports suggested a launch three days back, Ripple has debunked these, confirming that it is still awaiting approval. Meanwhile, speculation around RLUSD has triggered discussions about its potential impact on XRP, with Lakeita Powell, a market observer, recently presenting theories about how this development could influence its price trajectory. RLUSD as a Stable Medium for Transactions The commentary noted that a key…
Bitcoin is closing out one of its most remarkable months in history, surging over $30,000 in November and marking a renewed bullish sentiment in the market. As we look ahead to December and beyond, investors are eager to understand whether Bitcoin’s momentum can sustain itself into 2025. With macroeconomic conditions, historical trends, and on-chain data aligning in Bitcoin’s favor, let’s analyze what’s happening and what it could mean for the future. November’s Record-Breaking Performance November 2024 wasn’t just any month for Bitcoin; it was historic. Bitcoin’s price rose from around $67,000 to nearly $100,000, an approximate 50% peak-to-trough increase, making…
TON Foundation has formed a new partnership with Jupiter to incubate a new DEX aggregator on the TON Virtual Machine TVM. Together, the two companies aim to thrive in DeFi. TON Foundation and the partnership with Jupiter: incubating a new DEX aggregator on TVM TON Foundation with Jupiter: the new DeFi competition to promote innovation Price of TON and the 2024 performance TON Foundation and the partnership with Jupiter: incubating a new DEX aggregator on TVM The TON Foundation has formed a new partnership with Jupiter to incubate a new DEX aggregator on the TON Virtual Machine (TVM). In practice,…
In a recent move, 20 million XRP tokens were transferred, sparking interest and speculation in the market. This movement comes as XRP is making a comeback following a three-day decline. Within the last 24 hours, on-chain data revealed that a massive 20 million XRP transaction took place, moving funds from an unknown wallet to Bitstamp cryptocurrency exchange. Whale Alert reports “20,000,000 XRP worth $47,233,851 was transferred from unknown wallet to Bitstamp.” 🚨 🚨 20,000,000 #XRP (47,233,851 USD) transferred from unknown wallet to #Bitstamphttps://t.co/LoYQU27uRs — Whale Alert (@whale_alert) December 6, 2024 While the identity and motive behind the transaction are unknown,…
In the last hour, bitcoin’s price is coasting along between $97,865 to $98,580 on Nov. 29, 2024, after a bullish rally that pushed the market cap to $1.95 trillion. The cryptocurrency’s technical indicators suggest a strong upward momentum across multiple timeframes, though significant resistance looms near the $100,000 mark. Bitcoin Bitcoin’s (BTC) 1-hour chart reveals a strong uptrend, characterized by higher highs and higher lows. Recent consolidation around $94,000 to $96,000 broke upward, fueling the price rally toward $98,000. Buying pressure, evidenced by a volume spike on the last green candle, suggests continued bullish interest. Short-term resistance lies at $99,000,…
Equilibria, a prominent DeFi protocol has made a significant development on Base. The total value locked of Equilibria has touched $2M on Base, marking a noteworthy step in offering improved and smooth APY to facilitate liquidity providers. The platform took to social media to disclose this landmark achievement. https://twitter.com/Equilibriafi/status/1873286767115452625?t=pKM4mqzeYIWb9KoSt5d8aA&s=19 Equilibria’s TVL Hits $2M on Base, Leading to Remarkable Offers for Liquidity Providers Equilibria pointed out that reaching $2 Million in TVL on Base leads toward rewarding and resilient options for consumers. The platform presently provides 6 fresh high-reward pools with each focusing on the provision of attractive and consistent APYs.…
Cryptocurrency tracking platform CoinGecko has shared the 20 “trending altcoins” that users have shown the most interest in on the platform over the past week. As it is known, the cryptocurrency market has experienced a major rise recently and the Bitcoin price rose above $ 100,000 this week, allowing us to witness a truly historic moment. On the other hand, significant increases were also seen on the altcoins side. At the top of the list published by Coingecko is Hyperliquid (HYPE), which is interestingly not yet listed on major cryptocurrency exchanges but has a market value of more than $4…
With Bitcoin rebounding to $97,000, leading crypto aggregator CoinMarketCap shares some top predictions issued by prominent financial entities for the asset. Bitcoin has registered an incredible performance this month, soaring from $68,000 to $99,000 in two weeks. Notably, the premier asset registered an all-time high of $99,655 on November 22, inching close to the $100,000 psychological milestone. However, Bitcoin plunged below the $91,000 level a few days later, crashing to $90,796 earlier this week. Interestingly, Bitcoin has resumed its rally, with its price surging above $97,000 in the hours leading up to press time. Top Bitcoin Predictions Given Bitcoin’s incredible…