Author: NBTC
Ethereum price extended its decline below the $2,350 level. ETH is now recovering from losses and faces a major hurdle near the $2,300 zone. Ethereum declined further and traded below the $2,350 zone. The price is trading below $2,400 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 and $2,420 resistance levels to start a decent increase in the near term. Ethereum Price Eyes Recovery Ethereum price remained in a bearish zone and extended losses…
Bitcoin (BTC) crashed in tandem with stock markets on Oct. 1 as tensions continued to escalate in the Middle East after Israel announced ground operations in Lebanon, which has prompted Iran to take action. The official account of Israel Defense Forces on X shared at 4:36 P.M. UTC that Iran was firing rockets at Israeli territory. Additionally, reports claim that Iran is likely to send a second wave of missiles targeting Israel in the ensuing hours. As a result, over $489 million was liquidated over the past 24 hours, with the majority of liquidations — $312 million — occurring within…
Ripple’s bold Union Station ad sparks lively debates among crypto enthusiasts, showcasing the message: “Building a better future for finance. Skeptics compare Ripple’s campaign to FTX, highlighting concerns that visibility doesn’t guarantee stability or price impact for XRP. JPMorgan Chase’s partnership with FCF Pay boosts crypto adoption, offering rewards in XRP and broadening payment options for customers. The most recent marketing campaign from Ripple has sparked intense debates among cryptocurrency enthusiasts. Recently, Jack The Rippler tweeted a video that included Ripple’s Union Station commercial in Washington, DC. “We’re building a better future for finance, are you?” the advertisement asks bluntly.…
Michigan’s Republican nominee for Senate, Mike Rogers, says he’s supported crypto for years, stretching back to the heyday of Silk Road. He’s eagerly engaged with industry watchdogs like Stand With Crypto, and even attended blockchain conferences in person. And yet, when Fairshake, the colossal pro-crypto super PAC, weighed in on Michigan’s senate race weeks ago, it opted not to support Rogers, but rather his opponent: a Democrat, Elissa Slotkin, who as recently as April held an “F” rating on Stand With Crypto’s website. “There is nobody more confused than me,” Rogers told Decrypt of Fairshake’s decision to back his adversary…
Elon Musk-inspired Telegram game X Empire turned off its gameplay on Monday ahead of the planned X token airdrop—and then brought it back on Wednesday with a short “Chill Phase” that will last about two weeks before the late October token launch on The Open Network (TON). In this last sprint before the airdrop, X Empire has reset all progress, challenging the tens of millions of players to push hard for a share of 34.5 billion additional X tokens allocated for the event. The original airdrop allocations have already been calculated and won’t be changed, but the Chill Phase offers…
MoneyGram now allows U.S. customers to trade and store Litecoin, Bitcoin, and Ethereum via its mobile app. Binance Pool supports merged mining for Litecoin, Dogecoin, and Bellscoin, with Bellscoin not guaranteed for listing. Expanding its relationship with Coinme, MoneyGram has made a big move in the crypto industry, allowing U.S. consumers to trade and store Litecoin (LTC), Bitcoin (BTC), and Ethereum (ETH) via its mobile app. Now found in most U.S. states, the integration is a significant step toward mainstream accessibility of cryptocurrency. With its extensive network spanning more than 50 million individuals across more than 200 countries, MoneyGram enables…
Recent analysis of key on-chain metrics suggests a potential turning point for Bitcoin, signaling a positive outlook from a long-term perspective. Several support levels have been reached, indicating increased investor activity and possible price recovery. Long-Term On-Chain Support Levels Signal a Positive Outlook for #Bitcoin“The 30-day EMA of Binary CDD is moving between 0.1 and 0.3, indicating that long-term holders are accumulating Bitcoin.” – By @avocado_onchain Full post 👇https://t.co/0mhQMzMkMQ pic.twitter.com/mnLyoFBUc0 — CryptoQuant.com (@cryptoquant_com) September 23, 2024 The 7-day Simple Moving Average (SMA) of the Fund Flow Ratio has touched the 0.05 level, historically recognized as a major support line. This…
The price of Ethereum struggles to gain momentum, with the ETH/BTC pair underperforming and hitting new lows, sparking concerns among analysts. Ethereum’s price has shown minor signs of recovery today, hovering around $2,375 at press time. This represents a 1.06% increase in the last 24 hours, but the crypto has seen a sharp decline of 10.47% over the past week. Amid these fluctuations, a significant underperformance has been noted in the ETH/BTC trading pair, which has attracted considerable attention from market watchers. Declining Performance of ETH/BTC Pair In a recent analysis, Michaël van de Poppe, founder of MN Consultancy, pointed…
Crypto’s hellish 2022 was awash in washouts: Terra-Luna crashed, FTX rugged and crypto lenders bombed. Yet the disasters failed to sink many of the teams perhaps most vulnerable to mayhem: early-stage startups. Over 80% of the crypto startups that announced seed rounds in 2022 continue to build today, according to a new report from Lattice VC. The finding may add some retrospective hope to what was otherwise crypto’s darkest year yet. Venture capital companies deployed over $5 billion into 1,200 teams that unveiled their seed rounds during the tumultuous months of 2022 – 2.5 times more capital than in 2021.…
Emily Johnson turned a $500 investment in Shiba Inu into $50,000 in 2021. Early SHIB investments yielded astronomical returns, transforming modest sums into life-changing wealth. The 35-year-old homemaker Emily Johnson never would have predicted how a little investment in a cryptocurrency influenced by memes would have such a profound impact on her financial destiny. Living in low circumstances with her family, Emily was constantly seeking for opportunities to improve her future. Social media had spread word of the crypto frenzy, but she had never thought she was financially wise enough to invest. The Spark of Curiosity Early in 2021, Emily…