Author: NBTC
Ethereum price extended its increase above the $3,220 resistance. ETH is now consolidating and facing hurdles near the $3,450 resistance. Ethereum started a fresh increase above the $3,120 resistance zone. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it remains stable above the $3,150 zone. Ethereum Price Faces Hurdles Ethereum price started a fresh increase above the $3,000 resistance like Bitcoin. ETH was able to climb above…
Bybit, the second-largest crypto exchange by trading volume, has teamed up with Aptos (APT), the Layer-1 (L1) blockchain network, to launch an exclusive APT Ecosystem Airdrop, as per the most recent updates disclosed to Finbold on Thursday, November 7. Meant to empower Web3 creators and energize the sector, the airdrop comes with 18,000 APT tokens up for grabs. The Bybit APT Ecosystem Airdrop Hosted on Bybit’s Airdrop Arcade, the campaign is an opportunity for Bybit to showcase its commitment to providing top-tier blockchain opportunities and building a more decentralized ecosystem. As such, the airdrop will serve as an open invitation…
The Republican Party will keep the U.S. House of Representatives for the next two years, raising hopes for comprehensive crypto legislation in the next Congress and securing a Republican trifecta for at least the next two years. Republicans already won the White House with Donald Trump’s reelection, and flipped several Senate seats for a majority in the chamber of Congress during last week’s election. The Associated Press projected that the party secured at least 218 seats late Wednesday. The House of Representatives has been the legislative body to move most crypto legislation at the federal level, particularly in the last…
On Monday, bitcoin hit a high note, climbing past the $70,000 threshold for the first time since late July, peaking at an intraday high of $70,218 per coin. Bitcoin Hits New Heights: The Market Shift Behind Today’s $70K Push By 6:10 p.m. ET, bitcoin (BTC) had climbed 2.6% against the U.S. dollar, hitting the $70,218 mark. As of 8:10 p.m. ET, the price cooled slightly, hovering at $69,723, just under that $70K psychological barrier. Notably, bitcoin hasn’t revisited the $70K range since July 28, 2024. The week ahead is loaded with impactful events, including the U.S. election on Nov. 5,…
Ethereum’s recent price action has captured market attention, riding an 8-day bullish streak with one brief bearish interlude. After bouncing off a crucial support zone near $2,350 on November 4, the ETH token has soared by over 46% in just a few weeks, with its current price hovering around $3,270. The rally appears to have fueled positive sentiment as investors watch closely to see if Ethereum can break through the resistance levels highlighted in the technical chart below, particularly the “Bulls Target” zone above $3,900. In a backdrop marked by high volatility, the cryptocurrency’s upward momentum was backed by increased…
RWA protocols rise as investors seek stability amid DeFi volatility. Inflation, regulations drive demand for asset-backed DeFi through RWA protocols. In 2023, Real World Asset (RWA) protocols are carving a notable niche in the decentralized finance (DeFi) landscape, signaling an evolution toward asset-backed stability within the sector. According to recent data from IntoTheBlock, RWAs have seen a marked increase in market share, growing from 0.01% to 0.07% by October, as investors increasingly seek diversification away from traditional DeFi protocols. This shift reflects a maturing market dynamic as the allure of it grows amid broader economic uncertainties and regulatory changes. RWA…
Coinbase CEO Brian Armstrong spoke out against the Department of Justice’s investigation into Polymarket, a crypto prediction market platform with strong ties to Coinbase. The two companies have a history of collaboration, including shared investments and working together on regulatory issues. In a now-deleted X post, Armstrong expressed concern about the DOJ’s actions, which he views as politically motivated. He also suggested that the investigation could ultimately benefit Polymarket. The DOJ has reportedly initiated a probe into Polymarket for allegedly allowing trades from US-based clients. The Federal Bureau of Investigation (FBI) searched the Manhattan apartment of Shayne Coplan, CEO of…
Bitcoin’s open interest just exploded by $1.94 billion today, with its price rallying toward the $70,000 mark. Coinbase has been dumping Bitcoin on the spot market since US markets opened. BTC OI Chart. Source: ByzGeneral on X. It’s a stark difference from last week’s Tether chaos, where new FUD (fear, uncertainty, doubt) rumors of an investigation by the US government spooked traders, dragging Bitcoin briefly below $67,000. Paolo Ardoino, Tether’s CEO, brushed off the latest investigation as more FUD, but markets reacted nonetheless. But even a whiff of uncertainty surrounding Tether always sends prices tumbling. Oil and Middle East tensions…
Crypto asset manager Bitwise has acquired an Ethereum staking service to expand its portfolio offerings beyond its core business. Cryptocurrency index fund manager Bitwise has expanded its portfolio with the acquisition of Attestant, a non-custodial Ethereum (ETH) staking service, Bloomberg has learned. While the financial details of the deal remain undisclosed, the London-based staking firm handles about $3.7 billion in assets for institutional investors, the report reads. The 11-member Attestant team will join Bitwise following the acquisition, sources close to the matter told Bloomberg. With this addition, Bitwise will manage over $10 billion in client assets. You might also like:…
According to an announcement Thursday, Avalanche Foundation has completed the purchase of AVAX tokens from the Luna Foundation Guard, an organization created by Terraform Labs creator Do KWON to prevent exactly the type of death spiral that ultimately occurred with the failed algorithmic stablecoin TerraUSD (UST). In 2022, Kwon launched LFG as a broker that would buy more than $10 billion worth of bitcoin and other crypto assets, including AVAX, to act as a strategic reserve for his then-popular stablecoin. Part of that strategy involved two deals that placed $100 million worth of AVAX tokens on LFG’s balance sheet and…