Author: NBTC
Ethereum (ETH) appears to be gearing up for a major breakout, with its market structure closely resembling Bitcoin’s (BTC) past cycle. Notably, an analysis by Titan of Crypto suggests that Ethereum’s current price action closely resembles Bitcoin’s trajectory just before its explosive breakout in the previous bull run. Ethereum key levels and breakout signals A comparison of market cycles by the analyst shows that Bitcoin, during its third cycle, consolidated within a symmetrical triangle before experiencing a sharp breakout. Now, Ethereum, in its fourth cycle, is following a nearly identical pattern, suggesting that a significant rally could be on the…
The crypto market has seen new names among the trending gainers this weekend. As per the latest market data, $XTER, $UFD, and $PEPU are dominating the crypto projects in terms of social media excitement this weekend. In addition to this, $PIPPIN and $WXT have also witnessed significant gains. $XTER Leads Top Crypto Gainers Following Bybit Listing In line with the exclusive market statistics, Xterio ($XTER) has emerged as hot favorite trending coin. The crypto is reportedly trading at $0.4068. This price signifies a 3.67% price surge over the recent 24 hours which is less than the hype created on the…
This week, I stumbled across one of the coolest posts I’ve seen in a while – Jason Marquez, who says he is “just a Truck Driver that loves listening to Michael Saylor on YouTube,” revealed he has profited massively from listening to the advice of the MicroStrategy Executive Chairman.According to Marquez, he invested big in Saylor’s bold Bitcoin bet, and now holds $866,000 worth of $MSTR stock, at an average cost of $46 per share — a profit of over $750,000. I’m just a Truck Driver that loves listening to @saylor videos on YouTube while I’m driving. $MSTR pic.twitter.com/A8DwclhUNx —…
The Ethereum ecosystem stands at a pivotal moment. Over the past four years, scaling challenges have been addressed through Layer-2 (L2) solutions, rollups, and technological breakthroughs, expanding from processing 15 transactions per second to thousands, with costs dropping from $50 per swap to mere cents. The rollup-centric roadmap worked – it worked almost too well. This success has introduced an unexpected challenge: fragmentation. With over 50 L2s and more in development, Ethereum has become a maze of isolated chains. Users now juggle multiple networks, bridge assets, and navigate complex processes to perform basic actions. The irony? Transactions may be faster…
The relationship between stocks and crypto markets is likely to weaken in the future, Wall Street bank Citi (C) said in a research report Monday. While equities have been and remain the most important macro driver of crypto markets, the “equity-crypto correlation is likely to fall over time as the nascent asset class matures, the investor base grows, technology advances and adoption progresses,” the report said. Still, the speculative nature of cryptocurrency markets means that risk asset correlations may be inflated, especially during risk-off events, the bank said. “A more transparent regulatory regime in the U.S. will also lead to…
Shiba Inu’s lead developer, Shytoshi Kusama, has announced the launch of the WHY Combinator, a decentralized program aimed at fostering growth and innovation within the meme coin ecosystem. This initiative seeks to empower projects while enhancing the utility of the ecosystem’s BONE token. Shiba Inu Unveils WHY Combinator to Boost Meme Coin Ecosystem In a January 11 blog update, Kusama outlined the initiative’s goals and provided an overview of recent developments in the Shiba Inu ecosystem. He revealed the creation of over 30 technological tools, collectively known as the 36 Chambers of Tech, which focus on areas such as artificial…
Alexey Pertsev, the Tornado Cash developer convicted of money laundering in 2024, has been released from prison under electronic monitoring as he continues his legal battle. The 31-year-old Russian national, sentenced to 64 months in a Dutch prison last May, announced his release in a February 6 post on X, stating, “Dear Friends, on Friday 7 February at 10 am I will be free! It is not real freedom, but it is better than prison.” His release follows multiple denied bail requests and ongoing debates over the legal treatment of privacy-focused crypto developers. A Dutch court suspended his pretrial detention,…
Cryptocurrency analytics firm Alphractal has released a statement explaining its decision to avoid buying Bitcoin even when the market is experiencing a downturn. The company outlined three key reasons for its cautious approach, stating that it was important to wait for clearer market signals before making significant investments. “ETF Inflows Do Not Drive Long-Term Growth” Alphractal noted that the much-anticipated impact of Bitcoin Exchange Traded Funds (ETFs) has been exaggerated in the short term. Citing historical data, the company noted that more than 1 million BTC were accumulated in a consolidation phase in 2022, but this did not translate into…
As a result of a sheer upsurge in the NFT sector, several projects have seen massive increases in trading volume. As per the data from Phoenix Group, $PENGU, $ANIME, and $GALA are prominent among the NFT tokens based on trading volume this week. The crypto analytics firm disclosed the list of the top NFT tokens on its official social media account. TOP #NFT TOKENS BY WEEKLY TRADING VOLUME$PENGU $ANIME $GALA $SOLV $APE $SAND $ME $GMT $CHZ $MANA $SUPER $MOCA $AGLD $BLUR $ACE pic.twitter.com/oD2uWO4n0U — PHOENIX – Crypto News & Analytics (@pnxgrp) February 9, 2025 $PENGU’s Weekly Trading Volume Touches Staggering…
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is poised for a massive price decline as it has formed a bearish price action pattern on its daily timeframe. However, investors and long-term holders seem to be taking advantage of this market outlook and are continuously accumulating tokens, as reported by the on-chain analytics firm Coinglass. $321 Million Worth of ETH Outflow Data from spot inflow/outflow revealed that during Ethereum’s ongoing price decline, exchanges have witnessed an outflow of over $321 million worth of Ether tokens, suggesting potential accumulation. Such outflows in a bearish outlook hint at an ideal buying…