[ad_1] BTC has been consolidating between $93,500 and $100,000, signaling potential for a major price shift ahead. The forthcoming Bitcoin price breakout path depends on its support level at $91,500 as well as its resistance at $104,887. The historical pattern of Bitcoin volatility shows that a major price shift stands just ahead of shaping its upcoming macro trend. Over the past month, Bitcoin has been consolidating within a tight price range, fluctuating between $93,500 and $100,000. Experts forecast an extensive price shift ahead because cryptocurrency volatility has decreased substantially during this timeframe. The prevailing trend’s upward tendency has investors concentrating…
Author: NBTC
[ad_1] The Ethereum price is currently challenging a previous resistance level that now functions as support at $1,500 with a potential upward move to $4,000 in play but also a possible downside risk to $1,500. A confirmed weekly close above resistance could reignite bullish momentum, attracting fresh buying interest and driving ETH higher. If Ethereum fails to reclaim this key level, selling pressure may intensify, leading to a retest of the $1,500 support zone. Ethereum (ETH) is approaching a crucial technical level that could determine its next major price movement. Market analysts are closely watching the asset’s weekly candle close…
[ad_1] David Sacks, the White House AI and Crypto Czar, said today he has divested from Multicoin Capital, the crypto-focused venture capital firm known for backing Solana. The statement comes amid scrutiny over President Trump’s plan to include Bitcoin, Ether, Solana, XRP, and Cardano in a national crypto stockpile, which triggered major price increases for the selected digital assets. Political commentator Krystal Ball raised concerns on X about the initiative’s use of taxpayer funds and potential insider benefits. Responding to Ball’s criticism, Sacks disclosed, “I sold $BITW on January 22 for $74k” and confirmed he had also sold his Multicoin…
[ad_1] The cryptocurrency market is gearing up for an eventful week with several major developments to come. Prominent crypto analyst The DeFi Investor has revealed the key altcoins that the community should keep an eye on in the coming days. Solana (SOL) will witness a significant token unlock on March 1 with the release of $1.9 billion worth of SOL from FTX’s holdings. Investors will be closely watching how this impacts the token price and market dynamics. Decentralized lending protocol Aave (AAVE) is expected to go live on Sonic layer-1 next week. The next Nvidia earnings report is scheduled for…
[ad_1] American investor Steve Weiss has further reduced his Bitcoin exposure due to the asset’s range-bound price movement. Speaking as a contributor on CNBC’s “Halftime Report,” Weiss revealed another round of profit-taking from his Bitcoin (BTC) position via BlackRock’s spot exchange-traded fund, as financial markets navigate macro-driven volatility. Weiss, founder and managing partner of Short Hills Capital Partners, said he cut his Bitcoin exposure by an additional 10%, following last week’s 20% sell-off. The size of his position remains unclear, but he previously described his Bitcoin investment as a “positive trade.” You might also like: Citadel eyes crypto market-making as…
[ad_1] Malaysia-based BioNexus Gene Lab announced on Mar. 5 that it has approved its treasury strategy, which prioritizes Ethereum (ETH) over Bitcoin (BTC). The firm said the decision was driven by Ethereum’s recent inclusion in the US Crypto Strategic Reserve and its “broader utility as a programmable financial platform.” BioNexus said its Board of Directors’ extensive internal analysis identified Ethereum’s institutional adoption, staking potential, and dominance of financial infrastructure in DeFi as key factors supporting its treasury integration. As of Sept. 30, 2024, the company’s market cap was $6 million, its revenue was $2.6 million, and its net income was…
[ad_1] Bitcoin mining firm Marathon Digital reported a decline in Bitcoin production for February, down month-over-month due to higher network difficulty and fewer operational days. Marathon Digital‘s Bitcoin (BTC) production dropped 6% month-over-month in February due to higher network difficulty and fewer operational days, the company said. In a Bitcoin production report released on March 4, the Florida-based company revealed a 4% increase in crypto production per day compared to January, although Bitcoin production decreased by 6% month-over-month. Despite the decline, Marathon’s energized hashrate remained stable, the company emphasized. “Blocks won and Bitcoin production decreased by 6% month-over-month, primarily due…
[ad_1] Modern technological developments and community backing power the growth of Dogecoin alongside Shiba Inu Pepe Coin Floki and Bonk. The expanding ecosystem and new applications improve the market value of meme coins which places them as a major force in cryptocurrency markets. The unpredictable nature of markets warrants conducting research for successful investments in meme coins. The cryptocurrency market has undergone substantial changes as meme coins rapidly gain popularity. The assets started from online humor but have now transformed into powerful financial assets that significantly shape markets. Dogecoin (DOGE), Shiba Inu (SHIB) Pepe Coin (PEPE), Floki (FLOKI), and Bonk…
[ad_1] Casual observers of Bitcoin miners’ Q4 earnings could be forgiven thinking it’s been nothing but smooth sailing for the industry. But there’s no ignoring the fact that publicly traded Bitcoin miners lost $23 billion off their collective market capitalization in the past month, according to a recent JP Morgan report. It’s not all that surprising given the price of Bitcoin began February above $102,000 and then sank as low as $78,000 while markets were tormented by President Donald Trump’s trade war talk. Apart from hoping Bitcoin’s price goes up, stock analysts told Decrypt that they’re keeping an eye on…
[ad_1] Bitcoin (BTC) continued to slide on Monday, hurt by not just by massive bearish price action in most of the rest of crypto, but also as U.S. stocks struggle to pull out of their recent downturn. Falling to about $93,900 as stocks closed, bitcoin is down 1.9% in the last 24 hours. Ether (ETH) is lower by 5.9% over the same time frame. The broader CoinDesk 20 Index is down 5.1%. Following last week’s major declines, an attempted rally by the major U.S. stock averages failed Monday afternoon, with the Nasdaq closing down another 1.2% and the S&P 500…