Author: NBTC
Analyst Benjamin Cowen recently made a crucial prediction regarding Ethereum’s future, sharing a logarithmic chart with a mysterious comment, “I want ETH to finally go home,” and hinting at the target above $6,000, which would be a massive milestone to reach for the second-biggest cryptocurrency. The chart analyzed suggests that Ethereum’s price trajectory is somewhat aligning with overall growth, according to the logarithmic growth curve. That pattern defines the overall direction in which Ethereum is moving. For now, Ethereum is successfully bouncing from the middle range of the channel, and momentum will continue if upside remains. LHowever, reaching $6,000 is…
The U.S. Treasury is taking a hard line on cross-border payment systems that stray from its standards. Brent Neiman, Assistant Secretary for International Finance, laid it out clearly: any system failing to meet U.S. expectations could destabilize global markets and hurt economic security. This statement comes as countries, specifically those in the BRICS+ alliance move to create their own payment systems, designed to bypass Western platforms like SWIFT. “The United States must lead when it comes to cross-border payments,” Neiman said during a speech at a Federal Reserve Bank of New York conference. His prepared remarks stressed that America needs…
Charles Hoskinson, the founder of Cardano, found himself in the middle of controversy after a social media post discussing a meme coin. A few crypto enthusiasts say his mention of the token caused a buying frenzy, which turned out to be a loss for those who invested. Critics pointed out that Hoskinson’s influence as a blockchain leader carries weight, even when he doesn’t intend to endorse a project. This incident raises questions about responsibility in the blockchain industry, particularly for prominent figures who can influence investor behavior. I didn’t tell people to buy it, and if that was how they…
BlackRock’s iShares Bitcoin Trust (IBIT) keeps attracting investor interest, ending Wednesday with over $317 million in net inflows while most competing ETFs struggle to maintain their winning streak. Trailing behind IBIT, Grayscale’s Bitcoin Mini Trust, the BTC fund, reported gains of nearly $5 million yesterday, according to Farside Investors data. In contrast, ARK Invest’s ARKB, Bitwise’s BITB, and VanEck’s HODL, suffered a combined loss of nearly $130 million. With IBIT’s massive inflows and additional capital from BTC, the group of US spot Bitcoin ETFs reversed a negative trend yesterday, collectively drawing in around $192 million. These funds have shown mixed…
Ethereum’s recent price movements highlight a period of consolidation following its rejection near the significant $3.5K resistance level. This phase suggests a potential pullback to the $3K region, coinciding with the 200-day moving average, which could serve as a platform for the next bullish leg. By Shayan The Daily Chart Ethereum has shown remarkable bullish strength, breaking above the $3K resistance zone, now a key support level. The cryptocurrency’s positioning above the 100-day and 200-day moving averages further solidifies the positive trend. However, resistance near the $3.5K zone triggered a correction toward the 200-day MA around $3K. This area is…
MicroStrategy has broken into the top 100 U.S. publicly traded companies by market cap, with a $96 billion market cap. MicroStrategy is now past $400 a share and is up 528% year-to-date. Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). Self-described bitcoin (BTC) development company MicroStrategy (MSTR) has just breached into the top 100 U.S. publicly traded companies, currently sitting in 97th place. The company jumped 29 places on Tuesday’s performance, which saw a 12% price surge through $400 a share, now trading at $430, just as the market closed. The impressive performance coincided with bitcoin…
The ETH/BTC ratio, a metric measuring Ethereum’s price performance compared to Bitcoin, has reached its lowest point since March 2021. This development comes amid BTC’s brief rise to $98,000. While the flagship cryptocurrency has increased by 7.45% in the last seven days, ETH has hovered around the same region, with investors raising concerns about the altcoin’s future. Ethereum Continues to Lag Behind Bitcoin In February, the ETH/BTC ratio climbed to a yearly high of 0.060. During that time, speculation spread that Ethereum’s price would begin to outperform Bitcoin and validate the altcoin season. However, that has not happened, as Bitcoin’s…
Galaxy Digital is launching a $300 million private offering of exchangeable senior notes due 2029 to fund the expansion of its West Texas Helios data center and support corporate initiatives. Mike Novogratz’s Galaxy Digital Holdings announced on Nov. 20 that it plans to offer $300 million in exchangeable senior notes through a private placement to enhance its high-performance computing infrastructure at the Helios data center in West Texas and for general corporate purposes. The offering includes an option for initial purchasers to buy an additional $45 million in notes within 13 days of issuance. The notes will accrue interest semiannually…
W-Coin is turning into the next tap-to-earn hot token, will reserve 70% of its tokens for the community, with the remaining 30% to be distributed for growth. W-coin already drew in 182K subscribers to its channel, with the potential to turn into a high-profile Toncoin token. W-Coin is preparing for its launch, with 70% reserved for ‘mates’, or all game participants. The project ran a preliminary campaign of tapping, where the community had to choose between Ethereum, Solana, and Toncoin. The selection of the main chain was also known as the mining phase for W-Coin, which helped build its community.…
On Thursday, Nov. 21, ethereum (ETH) took the lead, climbing over 7% while bitcoin managed a 3% increase. Ether Dominance Shrinks, But Today It Steals the Spotlight from Bitcoin This year has been a rocky road for ethereum (ETH), but on Thursday, the digital asset reached an intraday peak of $3,362 per ether. As of now, ETH is holding steady at $3,331, reflecting a more than 7% gain against the U.S. dollar since the day before. ETH/USD on Nov. 21, 2024. Even with this uptick, ETH remains over 30% shy of its all-time high of $4,878 per coin, a milestone…