Author: NBTC

Seasoned market analyst Sina has identified a price action model that will propel Bitcoin to $285,000 per coin before the end of the bull run. In a tweet, Sina identified Bitcoin’s probable price range when predicted using the quantile regression model. Per the analysis, the market expert noted that the model classified Bitcoin price action under three distinct zones. Market Expert Outlines Bitcoin Probable Zones Next Year Citing the quantile model, Sina gave three zones where Bitcoin would trade in 2025. He called them the cold, warm, and hot zones. In the cold zone, also called the 33% quantile range,…

In the ever-evolving landscape of cryptocurrency, MicroStrategy’s recent performance raises critical questions about its divergence from Bitcoin’s fundamentals. Despite Bitcoin (BTC) reaching unprecedented heights close to $100,000, MicroStrategy (MSTR) saw its shares plummet by 16.2% on Thursday, reflecting a stark contrast between the company’s valuation and the cryptocurrency market. As noted by Citron Research’s Andrew Left, “MicroStrategy’s valuation has completely detached from bitcoin fundamentals,” highlighting investor concerns about the disconnect. This article explores MicroStrategy’s recent stock behavior and its implications for investors as Bitcoin soars towards record highs, addressing market dynamics and valuation concerns. MicroStrategy’s Stock Volatility Amid Bitcoin Surge…

Artificial intelligence bots, which have attracted attention with their cryptocurrency transactions recently, are earning millions of dollars with their transactions. At this point, the artificial intelligence bot called Truth Terminal had previously become the first AI bot millionaire from the token called GOAT. After Truth Terminal, another AI bot also became a millionaire with its altcoin trading. According to Lookonchain’s post, an artificial intelligence bot named Tee Hee He became a millionaire in just a few hours. Accordingly, the AI bot named Tee Hee He also purchased TEE, a memecoin based on Solana (SOL), like GOAT. The AI bot bought…

The cryptocurrency industry is already busy celebrating the upcoming departure of U.S. Securities and Exchange Commission Gary Gensler. As reported by U.Today, Gensler is going to leave the SEC on Jan. 20, according to his Thursday announcement. Gensler’s resignation announcement was met with jubilation by crypto industry leaders given that his departure will likely mark the end of the “regulation by enforcement” era. Ripple CEO Brad Garlinghouse, a vocal Gensler critic, made a Thanksgiving-related joke on social media about Gensler’s upcoming resignation. This Thanksgiving, I’m thankful for… https://t.co/FHDPaRnRkU — Brad Garlinghouse (@bgarlinghouse) November 21, 2024 As reported by U.Today, the…

The upward momentum in the Bitcoin and cryptocurrency markets has also had a positive impact on spot Bitcoin ETFs, while ETF inflows have accelerated since last week. With no signs of stopping anytime soon, spot Bitcoin ETFs are hitting records. On Monday, BlackRock’s iShares BTC ETF (IBIT) reached a milestone, bringing its total inflows since inception to over $23 billion. This achievement puts IBIT among the top three ETFs by inflows launched in 2024. BlackRock is the Leader Again in Daily Entries! On Monday, October 21, total inflows stood at $294 million, with BlackRock’s IBIT alone taking the majority of…

Charles Schwab Corporation plans to offer spot cryptocurrency trading once regulations become clearer under the Trump administration, incoming CEO Rick Wurster announced Thursday, according to a report by Paige Smith for Bloomberg. “We will get into spot crypto when the regulatory environment changes, and we do anticipate that it will change, and we’re getting ready for that eventuality,” he said in a Bloomberg Radio interview. Competition for retail investors has grown stronger since the pandemic and accelerated after the presidential election. The surge in market activity has pushed both established firms and newcomers to expand their services. While Schwab competes…

The Hawk Tuah (HAWK) meme coin continues to surprise in the crypto world, posting an impressive 47% price increase in October and currently trading at $0.00003711. While this rally may be enticing, potential investors should remember that HAWK, like its counterpart HAWKTUAH, is a meme coin—highly speculative, driven more by internet culture than by any underlying fundamentals. Despite its recent gains, HAWK’s market cap is a modest $35,730, and its 24-hour trading volume is up to $140.79, a 260.36% surge in daily activity. This spike in volume, while eye-catching, doesn’t signal stability. In fact, HAWK’s current market position is a…

The Financial Industry Regulatory Authority (FINRA) has introduced a comprehensive section on its website dedicated to cryptocurrency. This new resource provides detailed information on the classification of crypto assets, the risks involved in trading them, and relevant investor protections. Classifications of Crypto Assets One key feature of the new FINRA section is a focus on the legal status of crypto assets. FINRA explains that, depending on applicable laws, certain cryptocurrencies may qualify as securities, commodities, or other asset types. While the term “crypto asset security” is not used explicitly, except in reference to a 2023 SEC Investor Alert, the authority…

Samson Mow, CEO at JAN3, has addressed the recent interview of MicroStrategy founder Michael Saylor, in which the latter said he did not believe that BTC can be confiscated by the US government. Saylor also spoke unfavorably of OG Bitcoiners and all those who prefer to hold their private keys to Bitcoin wallets for fear that BTC stored with private custodians may be confiscated one day similarly to gold in the 1930s. Gold confiscated in 1933 “voluntarily” Mow referred to the executive order 6102 issued by US president Franklin D. Roosevelt in 1933 in order to limit private ownership of…

Believers in Ethereum (ETH) could be on the verge of an opportunity, according to Ki Young Ju, the founder and chief executive of the digital asset analytics firm CryptoQuant. Young Ju tells his 370,400 followers on the social media platform X that the ETH/Bitcoin (BTC) Net Unrealized Profit/Loss level just hit a four-year low. “Despite Ethereum’s underperformance against Bitcoin, ETH holders endure losses without realizing them. This mirrors levels from its early 2020 bottom. This might be an opportunity for ETH believers.” Source: Ki Young Ju/X Young Ju also notes that ETH is becoming less correlated with BTC. “The 180-day…