Author: NBTC
Bitcoin, the pioneering cryptocurrency, continues to captivate traders and investors with its cyclical price movements and unparalleled market dominance. As of January 2025, Bitcoin has shown significant upward momentum, suggesting that it may be poised for further gains in the coming month. In this Bitcoin price analysis, we will examine the chart’s technical structure, key levels of support and resistance, and the indicators driving market sentiment to answer the pressing question: how high can Bitcoin’s price rise in the next 30 days? Is Bitcoin Price Breaking Through Resistance Levels? BTC/USD Daily Chart- TradingView The chart reveals that Bitcoin is currently…
Hydra Doom testing recorded 3M transactions in 1 hour, achieving 1,663 TPS and maintaining over 1,000 TPS without failures. Cardano incentivizes Hydra testing with a $100K USDM prize pool, engaging both bots and human players in a gamified tournament. ADA surged 8.62% to $1.06 following Hydra Doom testing news, reflecting strong community interest and market confidence. Input Output Hong Kong (IOHK), the company behind Cardano, has announced its upcoming Hydra testing campaign. The initiative will take the form of a gamified tournament using Doom, a decentralized application built on the Hydra protocol. This testing aims to explore and push the…
Bitcoin (BTC) climbed to $105,000 today, reaching a new peak for 2025, as excitement grows for the inauguration of Donald Trump, who is expected to form a more crypto-friendly US government. The price increase represents a 5.2% increase over the past 24 hours and marks a sharp recovery from the start of the week when Bitcoin fell below $90,000 amid a broad market sell-off. The rally, which has seen BTC surge 17%, began as investor concerns eased following Wednesday’s US CPI inflation report. Speculation about Trump’s potential actions regarding cryptocurrency policy, such as easing regulations and creating a Bitcoin strategic…
In the rapidly fluctuating world of cryptocurrency, notable market movements by whales can set trends and indicate broader market sentiments. Recently, a significant crypto whale has made headlines by unstaking $6.5 million in USD Coin (USDC) from the Aave platform and reallocating the funds across various cryptocurrencies, signaling a strategic diversification amidst current market conditions. In the past 4 days, a whale has unstaked $6.5M $USDC from #Aave and spent $6.06M to purchase multiple tokens:– Spent $1.67M to buy 10,008 $AAVE– Spent $1.65M to buy 629.64B $MOG (currently buying)– Spent $1.54M to buy 103,459 $LINK– Spent $585k to buy 63,251…
Coinbase, the largest US-based crypto exchange, is being criticized by users for significant delays in processing Solana (SOL) transactions. Users have reported waiting over 14 hours to send or receive SOL, sparking concerns about the exchange’s liquidity and operational practices. Concerns Grow Over Coinbase Liquidity Issues and Staking Practices Coinbase users have expressed widespread frustration over delayed transactions. One investigative journalist reported the cancelation of their transaction after a full day of pending status. Another user shared that they had two transactions stuck for over 14 hours. A growing narrative suggests that Coinbase might be staking customers’ SOL without their…
Bitcoin (BTC) mining is likely to remain profitable this year with the economics of production holding steady, Canaccord Genuity said in a research report Tuesday. The broker said mining fundamentals are strong, “with cost-to-mine sitting somewhere in the ~$26,000-$28,000 range per bitcoin for most leading players.” The world’s largest cryptocurrency was trading around $105,000 at publication time. Management and investor attention is also increasingly being drawn toward alternative uses for these companies’ sizable power supplies, especially artificial intelligence (AI) data center hosting. Bitcoin miner Core Scientific (CORZ) signed a 12-year contract with AI hyperscaler CoreWeave in June last year. The…
All eyes are currently on Bitcoin’s price to see if it will validate a textbook pattern indicated on its chart and, in the process, hit fresh record highs. Ali, a crypto analyst, has identified the legendary cup and handle pattern on the Bitcoin price chart. This technical formation, often seen as a bullish indicator, suggests that Bitcoin could be on the verge of a significant price surge. According to Ali, Bitcoin’s breakout from this pattern signals a potential upside target of $276,400. The cup-and-handle pattern consists of a “cup” shape, where the price gradually declines and then rises to form…
From TikTok trends to crypto wallets, the “Chill Guy” meme has become an internet phenomenon, turning a laid-back cartoon dog into the face of a million-dollar market cap crypto. Since its November 15 launch, the Chill Guy meme coin ($CHILLGUY) ballooned from a $10 million market cap to over $461 million, driven by the widespread popularity of the Chill Guy character—a relaxed anthropomorphic dog in a grey sweater, blue jeans, and red sneakers. The Solana-based meme coin has increased in value by 50% over the last 24 hours alone, trading just shy of $0.50, per CoinGecko data. The token’s rise…
Leading global digital asset exchange Upbit has announced the addition of VeThor Token (VTHO) to its trading platform. Upbit Announces Market Support for VeThor Token (VTHO) on KRW and USDT Markets Users will now be able to trade VTHO on both the KRW and USDT markets, with trading set to begin on January 21, 2025 at the following times. KRW Market: 23:00 USDT Market: 00:00 Deposits for VTHO will be available within an hour of the announcement, with strict rules to ensure compatibility with the VeChain blockchain network. To ensure a stable trading environment, Upbit will apply the following restrictions…
This is a segment from the Empire newsletter. To read full editions, subscribe. It used to be that pop culture ran on a 20-year cycle. These days, it’s more like 10, or even five. Crypto is undergoing something very similar, and it’s fast becoming ICOs’ turn. Seven years ago, a tidal wave of public token sales hit Ethereum, with over 2,000 separate offerings raking in more than $10 billion — almost two-thirds coming in the first three months of 2018 alone. Here’s one clear sign that initial coin offerings are coming back: Corn’s recent token sale was seven times oversubscribed…