Author: NBTC
Ethereum (ETH) price has attracted significant attention as the cryptocurrency market showed signs of a potential reversal. Despite the bearish sentiment in recent months, Ethereum’s technical analysis has revealed positive indications. When writing, many traders and analysts focused on upcoming Ethereum price movements. The growing presence of ETF inflows, particularly from institutional players like BlackRock, combined with technical breakouts, sparked a wave of optimism about Ethereum’s prospects. Bullish Divergence Signaled Potential Trend Reversal Ethereum price has recently formed a bullish divergence that indicates the bearish pressure has started to weaken further. It shows that the ETH price has been in…
Synthetix has launched a new liquidity initiative aimed at stabilizing its algorithmic stablecoin sUSD, which has been trading well below its intended $1 peg. The “sUSD 420 Pool,” Announced by founder Kain Warwick on X, the pool will reward participants with 5 million SNX tokens over 12 months in an attempt to curb the effects of the ongoing depeg. sUSD dropped to $0.8224 as of April 18, up over 7% in 24 hours, according to CoinGecko. It was trading as low as $0.63. The decline has been linked to recent protocol changes under Synthetix Improvement Proposal 420, which introduced a…
Bitcoin price rallied above $95,000 on Monday and is hovering at its highest level since February 24 as the recent rally continued. The ongoing Bitcoin (BTC) recovery has been driven by recent optimism surrounding a potential trade deal between the United States and China. Bitcoin and other altcoins also jumped after Trump hinted that he was not going to fire Jerome Powell, the Federal Reserve Chairman. Trump has changed his mind on tariffs and Powell’s firing following recent turmoil in the bond market, driven by bond vigilantes. Bitcoin now has another major catalyst that could push its price higher over…
Ethereum, the cryptocurrency with the second-largest market capitalization, is about to enter a state of unnerving quiet. The chart is starting to show the inertia caused by the broader price action even though the asset is still above important short-term moving averages. ETH is currently trading at about $1,825, and it is having difficulty convincingly breaking through local resistance levels. Ethereum’s volume profile is the most obvious cause for concern. Over the past few weeks, daily trading volume has drastically decreased, and it is currently close to historic lows. It appears from this volume collapse that market players are unsure…
Bitcoin (BTC) is increasingly cementing its place as a hedge against political instability and monetary uncertainty, according to market commentary from crypto trading firm QCP Capital. QCP Says Bitcoin’s Hedge Role Strengthens as Call Option Activity Increases According to QCP, investors purchased over 500 BTC-30MAY25-104K-C (options expiring on May 30 with a strike price of $104,000) and over 800 BTC-27JUN25-135K-C (options expiring on June 27 with a strike price of $135,000) on Friday alone. This intense buying activity indicates that further upward movements are expected if Bitcoin continues its rise. QCP also noted that Bitcoin’s current rally is “fundamentally healthier…
Cycle Network, a leading chain abstraction platform, has recently announced a new development. According to Cycle Network, it will support the approaching Ethereum Pectra upgrade, which is scheduled to go live on May 7, 2025. The platform revealed this latest endeavor on its official social media account. 📢【Announcement】Cycle Mainnet to Support Ethereum Pectra UpgradeThe Ethereum mainnet is expected to activate the Pectra upgrade on May 7, 2025.To ensure seamless compatibility with Ethereum’s latest protocol changes, the Cycle mainnet will upgrade its internal Ethereum node… — CYCLE NETWORK ｜🛫 Dubai (@cyclenetwork_GO) May 3, 2025 Cycle Network Provides Support for Latest Pectra…
Ethereum Holds Ground: What’s Next for ETH Price? Ethereum (ETH) is showing resilience as it continues to trade above a key support zone near $1,800. While short-term performance remains modest, the technical structure suggests that ETH may be gearing up for another upward leg. After a sharp bounce from the $1,500 range, the current sideways movement appears to be a consolidation phase before the next major push. As of now, Ethereum is trading at $1,830, with the following performance metrics: 1-Day Performance: +0.03% 1-Week Performance: +0.84% 1-Month Performance: -0.23% YTD Performance: -41.11% Despite the yearly downtrend, recent movements point to…
In a tweet, Coinbase Asset Management revealed it is launching a new fund that aims to deliver a regular yield on a customer’s Bitcoin holdings. The Coinbase Bitcoin Yield Fund, which is set to launch on May 1, represents a conservative strategy that seeks a 4-8% net return in Bitcoin per year, over a market cycle, with investors subscribing and redeeming in Bitcoin. We’re proud to introduce the Coinbase Bitcoin Yield Fund (CBYF), an institutional solution built to invest in bitcoin while seeking a conservative bitcoin yield.Seeking a 4-8% net return in bitcoin, we designed CBYF to lower expected investment…
The leading altcoin ETH has bucked the broader market downturn over the past 24 hours, posting modest gains of around 1%. At press time, the coin trades at $1,842. This comes as a key momentum metric — the taker buy-sell ratio—surges to its highest level in 30 days, signaling renewed bullish pressure in the asset’s futures market. Traders Eye ETH Upside as Buy Pressure and Build According to CryptoQuant, ETH’s taker-buy-sell ratio is currently at 1.08, marking its highest value since early April. Ethereum Taker Buy Sell Ratio. Source: CryptoQuant This metric measures the ratio between the buy and sell…
Riot Platforms (NASDAQ: RIOT) produced 463 Bitcoin in April 2025, down 13% from March but up 23% year-over-year, according to its latest unaudited monthly production and operations report. The company also sold 475 Bitcoin for net proceeds of $38.8 million at an average price of $81,731, marking a strategic shift in funding operations. “Riot mined 463 bitcoin in April as the network experienced two successive difficulty adjustments during the month,” said Jason Les, CEO of Riot. The company closed a significant deal in April, acquiring all tangible assets of Rhodium at its Rockdale Facility, including 125 MW of power capacity.…