Author: NBTC
The recent jump in the price of Bitcoin (BTC) to $73,620, almost reaching its all-time high from March, has led to some interesting insights from notable analysts, including veteran trader Peter Brandt. Many consider Brandt a trading legend. He is known for his disciplined approach to technical analysis, which he has been doing since the 1970s. He also shared his thoughts on the outlook for the main cryptocurrency’s current market. Plus, he hinted at a research project he is working on. The goal is to uncover “real classic patterns” in the price history of Bitcoin. The project will focus on…
Ethereum (ETH) has jumped almost 20% over the past two days as the broader decentralized finance (DeFi) sector rallied following Donald Trump’s presidential victory. Ethereum Begins To Regain Momentum The second-largest cryptocurrency by reported market cap has lagged behind Bitcoin (BTC) and other smart contract platform tokens like Solana (SOL) for much of the year. However, following Trump’s win as Republican US presidential candidate, ETH has witnessed a rise of over 10% since yesterday. The token’s rise has brought attention to one of Ethereum’s most innovative use cases to date – DeFi. In a long-form post on X, Arthur Arthur…
The Reserve Bank of Australia has launched a consultation on Project Acacia, exploring wholesale central bank digital currency and tokenized asset markets. Australia‘s central bank, the Reserve Bank of Australia, alongside the Digital Finance Cooperative Research Centr is seeking public feedback on Project Acacia, a three-year initiative that explores the benefits of tokenizing assets and using a CBDC for their settlement. In a press release on Nov. 8, the RBA said stated that the consultation paper seeks expressions of interest from industry participants for an “experimental research phase” of Project Acacia and for joining an Industry Advisory Group for the…
As the U.S. elections approach, discussions in the crypto space are heating up, especially around election-related cryptocurrencies. One of the most notable is MAGA Coin, created to support Donald Trump’s bid for re-election. This coin has become a speculative play, with many believing it could surge in value if Trump gains momentum in the race. At the time of writing, Bitcoin is trading below the crucial $57k mark and is down by more than one percent. Presidential candidates Donald Trump and Kamala Harris are facing off tonight and MAGA got a special mention in the very beginning of the heated…
An analyst with a history of timely Bitcoin calls believes that conditions are now ripe for BTC to witness huge upside bursts to new all-time highs. Pseudonymous analyst Bluntz tells his 289,300 followers on the social media platform X that BTC appears to be in the initial stages of a parabolic rally that could take Bitcoin well above $100,000. “It’s happening BTC.” Source: Bluntz/X Bluntz practices the Elliott Wave theory, which states that a bullish asset tends to go through a five-wave surge where waves one, three and five are upside moves and waves two and four are corrective periods.…
Tron founder Justin Sun encourages investors to accumulate Ethereum amid positive shifts in macroeconomic crypto policies. The crypto market is maintaining a bullish trend, with Bitcoin setting higher highs while top altcoins like Ethereum (ETH) and Tron (TRX) are capitalizing on it. Ethereum is now making a fresh attempt at the long-lost $3,000 level after registering over 5% gains today to trade at $2,950. Notably, the market-wide uptrend has been ongoing for four consecutive days, with the market sentiment now at “greed.” However, Justin Sun, founder of the Tron blockchain network, believes there is more room for further upsurge. Not…
JPMorgan Chase is refusing to pay a monthly pension to a widow whose husband worked at the bank for 10 years before his untimely death. Elaine Silverberg’s departed spouse Melvyn worked as a systems analyst at Chase Manhattan Bank from 1969 to 1979, reports the New York Post. Melvyn died in 1988 due to multiple organ failure and since then, Elaine has been in a standoff with JPMorgan Chase. The bank has refused to disburse an estimated $53,000 pension accumulated by Melvyn for more than three decades. A letter from the Social Security Administration seen by the New York Post…
Brazilian digital bank Nubank has announced the immediate suspension of trading for its native cryptocurrency, Nucoin. This officially ends operations for the token launched in March 2023. Nubank informed its customers on Tuesday that the purchase and sale of Nucoin would be permanently halted within 15 days. The bank cited potential market volatility as the reason for the sudden suspension. Conversion options for Nucoin holders According to the details shared by the local news media outlet, Nubank is offering a conversion option for customers holding at least 100 Brazilian reais worth of Nucoins. These users can choose to convert their…
Bankrupt FTX has filed a lawsuit to recover at least $11 million held in a Crypto.com account linked to its sister company, Alameda Research, according to a Nov. 8 filing. FTX alleges that before filing for bankruptcy, Alameda held an account at Crypto.com registered under the name Ka Yu Tin, also known as Nicole Tin. According to the firm, this practice was typical for Alameda, which often opened accounts under shell companies or employees’ names to mask its trading activities. However, FTX claims Alameda funded and controlled the account in question. After Alameda declared bankruptcy, Crypto.com reportedly locked the account…
Bitcoin price’s recent surge past $73,000 has drawn widespread attention, marking an over 8% rally within just a few days. Key factors are fueling the bullish momentum, with many expecting the rally to persist. Here’s why BTC price could remain on an upward trajectory. 1. Upcoming Presidential Election & The “Trump Trade” The approaching U.S. presidential election is creating significant waves in the Bitcoin and crypto markets, especially with former President Donald Trump’s rise in swing state polls. Analysts at QCP Capital have noted that Trump, a pro-crypto candidate, is gaining traction in states like Nevada and Pennsylvania. QCP: The…