Author: NBTC
Ethereum exhibits bullish indicators including a flag pattern and higher lows. The RSI suggests a hidden bullish divergence, indicating a potential for a significant price breakout. Concerns over SEC rejection of Ethereum ETF applications pose a threat to Ethereum’s value and its ratio against Bitcoin. Ethereum (ETH) enthusiasts are buzzing with excitement as crypto analyst Javon Marks recently pointed out several bullish indicators for the popular cryptocurrency. Marks, known for his insightful analyses, highlighted a promising pattern on the Ethereum chart resembling a bullish flag. This formation, coupled with the emergence of higher lows in Ethereum’s price action, suggests a…
Could a single tweet reignite the meme stock frenzy that took over Wall Street three years ago? GameStop and AMC’s shares are again surging, with trading on these stocks being halted multiple times just this week. Such suspensions are a standard mechanism to protect against excessive volatility, but some retail trader are complaining about their service providers, accusing them of blocking trades. This frustration is unsurprising, given that major players like Robinhood implemented similar measures in 2021. Keith Gill, known online as “Roaring Kitty” and considered the catalyst of the pandemic-era stock craze, reappeared on Twitter after three years. On…
VeChain continues to deliver sustainable solutions in the sports sector. After its successful fighter gloves debut, the project is now elevating the Tennis arena. Attendees of the Italian open can flock to the VeChain booth to earn rewards. VeChain is taking over real-world asset solutions with its sustainable blockchain technology. In particular, VeChain seems to be dominating the sports sector. The project recently delivered blockchain linked gloves for the UFC and is now making waves in the Tennis arena. After a successful activation in Turin last November, we’re back in Rome with Internazionali BNL d’Italia to show tennis fans how…
OKX Ventures today announced its investment in Pencils Protocol, a next-generation decentralized platform that offers auction services for blockchain-native assets and real-world assets (RWAs), as well as compounded and leveraged yield aggregation services for users to maximize asset utilization. OKX Ventures Announces Investment in Pencils Protocol, Pioneering a New Era in the Scroll Ecosystem Pencils Protocol, one of the largest native DeFi projects in the Scroll ecosystem, serves as an all-in-one yield aggregator and auction platform. Its functions include launchpad, asset aggregation and distribution, and leverage returns. Through close collaboration with Scroll, Pencils Protocol has redefined Layer 2 solutions using…
Amid escalating geopolitical tensions in multiple regions of the world, the famous investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has opined they could lead to another World War and that Bitcoin (BTC) would do well in such circumstances. As it happens, Kiyosaki discussed the future of banks, Bitcoin, gold, real estate, and the state of the world as he sat down with Gerald Celente, the editor and producer of the Trends Journal, for an episode of Kiyosaki’s The Rich Dad Channel podcast that premiered on April 17. Bitcoin through the roof Specifically,…
However, Ethereum remains below the critical $3,000 mark. Despite the optimistic technical signals, external factors such as regulatory challenges could influence Ethereum’s trajectory. Specifically, the potential decline of the spot Ethereum ETF application with the US Securities and Exchange Commission (SEC) is a concern, as analysts like Eric Balchunas of Bloomberg suggest that the SEC’s view of ETH as a security could significantly lower the chances of ETF approval. TLDR: the SEC asked commenters re the Eth spot ETFs whether these filers have properly filed their ETF listing proposals as commodities. This shows the SEC is perhaps considering to Eth…
Galaxy’s net income rose 40% from the previous quarter to $422 million. The approval of spot bitcoin ETFs was a catalyst for the increase in counterparty engagement. The firm could pursue both mining and AI hosting over time, Canaccord said. Galaxy Digital (GLXY) is evolving its business in a thoughtful and methodical way and, while the regulatory backdrop remains challenging, the company’s opportunity set and competitive positioning remains compelling, broker Canaccord Genuity said in a report on Tuesday after the crypto financial services firm published first-quarter results. The Toronto-based company founded by CEO Mike Novogratz said net income rose 40%…
Famous crypto trader and analyst W3Q is looking to settle the debate regarding which meme coin is better, Dogecoin (DOGE) and Shiba Inu (SHIB). The analyst declared support for Shiba Inu, noting that the canine-themed token is greater than Dogecoin. W3Q reached a conclusion based on experiences trading both cryptocurrencies. 3 Factors Proving SHIB Is Greater Than DOGE Interestingly, the analyst highlighted three major factors supporting his assertion. According to W3Q, Shiba Inu has been listed on all crypto exchanges that also support Dogecoin. Some exchanges that currently support both DOGE and SHIB include Binance, KuCoin, Coinbase, OKX, Bybit, Kraken,…
Amid the whirlwind caused by the introduction of Spot Bitcoin ETFs and the looming Bitcoin halving, the cryptocurrency market remains abuzz with excitement and anticipation. These recent developments have shaken the industry. But enthusiasts eagerly await the next catalysts to drive the ecosystem to new heights. Just one day before the highly anticipated halving event, spot Bitcoin ETFs experienced a surge in popularity, coinciding with a rise in the underlying asset’s price. However, flows to these three-month-old products declined into negative territory earlier this week. The halving, a phenomenon that occurs roughly every four years for Bitcoin, is expected to…
Ethereum price recovered above the $2,920 resistance. ETH is trailing Bitcoin and might struggle to continue higher above the $3,050 resistance. Ethereum started a recovery wave and even climbed above $3,000. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could now struggle to clear the $3,040 and $3,050 resistance levels. Ethereum Price Recovers Nearly 5% Ethereum price remained stable above the $2,860 support zone and started a fresh increase. ETH…