Author: NBTC
The question of whether – and even more so when – Bitcoin (BTC) is set to cross the long-awaited threshold at $100,000 has been the talk of the globe throughout November. Indeed, having risen approximately 40% between election day and press time on November 28, the world’s premier cryptocurrency is closer than ever to the ambitious target and even found itself within $1,000 of the six digit figure on November 22. Still, the high volatility and several successive corrections – started in earnest on Sunday, November 24 – have reignited the question of whether $100,000 is truly within reach or…
Ether (ETH), the second-biggest cryptocurrency by market cap, is likely to outperform larger rival bitcoin (BTC) in 2025, Steno Research said in a report Sunday, citing historical trends and Donald Trump’s U.S. election victory. Bitcoin is predicted to reach a minimum of $150,000 next year, up from about $94,000, while ether will more than double to at least $8,000 from $,3400, the report said. Steno said it expects the ether/bitcoin ratio to rise to 0.06 in the next 12 months from the current 0.0357, echoing the price action seen in previous cycles. Altcoins will be in focus, it said. “This…
The election of Donald Trump to the office of President will go down in history as one of the most pivotal events of the year. Although pollsters were projecting a tight race, in the end, the GOP candidate secured victory over incumbent Vice President Kamala Harris in each swing state. Some of Trump’s proposed economic policies — in particular, his preference for tariffs, have caused widespread worry among market participants. They’re far from a done deal — Trump’s first term did include a bevy of promises that were ultimately not kept. However, the markets have certainly been fairly bullish regarding…
Jan. 7 could mark a turning point, as Usual plans to activate the token fee switch for real value sharing. The real-world asset stable coin protocol Usual (USUAL) has recently hinted at the activation of its token fee switch. The fee switch era begins.2025 marks a turning point for DeFi: real value, real distribution.Get your USUAL ready for January 7th.A new year, a new standard. Let’s make 2025 the year of USUAL. pic.twitter.com/kXQXTrinjK — Usual (@usualmoney) January 1, 2025 This announcement comes at a pivotal time for USUAL, as the protocol has experienced a notable decline in its recent market…
Will Ethereum (ETH) trigger a triangle breakout rally in the new year, potentially reaching the next supply zone above $3,500? With Bitcoin dropping below $93,000, Ethereum struggles to maintain critical levels. The bearish pressure on the price chart intensifies, and institutional support is at risk. Despite these challenges, Ethereum shows potential for a bounce back. Can the ETH price trend reverse in a V-shaped pattern, leading to a breakout rally to $3,568? Ethereum Price Analysis Amid increasing price volatility in Bitcoin, Ethereum has fallen below the $3,400 mark. While respecting the local support trendline, Ethereum has consolidated slightly above the…
A recent Keyrock report highlighted that 90% of token unlocks exert negative price pressure, though the effects often take up to 30 days to materialize fully. Approximately $600 million of previously locked tokens are regularly circulated. With predetermined schedules, these unlocks flow to teams, investors, and ecosystem funds. The report noted the importance of tracking these schedules for traders aiming to time the market effectively. Even before tokens are released, unvested investors’ preemptive selling and hedging strategies contribute to downward pressure, with prices typically stabilizing within two weeks of the unlock event. While intuition suggests larger unlocks would have a…
As Bitcoin trades above $95,000, a cryptocurrency on-chain analyst has highlighted specific technical indicators suggesting that the digital asset can hit the elusive $100,000. This outlook aligns with the Thanksgiving holiday season, which has historically been a foundation for Bitcoin to record price breakouts. To this end, the maiden digital asset has formed a narrowing wedge pattern—a technical setup characterized by converging trendlines that indicate a potential breakout. This pattern places the $99,000 target in sight, according to an analysis by on-chain analyst Ali Martinez in an X post on November 28. Bitcoin’s bounce from key Fibonacci retracement levels around…
Aave, a leading decentralized finance protocol, witnessed a remarkable year amid a host of key milestones. But the Aave (AAVE) protocol, which offers a non-custodial platform that allows users to earn interest on their deposits as well as borrow assets, is eyeing an even “bigger” year in 2025. The DeFi giant shared the outlook in its end of year review on X, noting key milestones such as introduction of Aave 2030 and V4. The proposal for V4 looks at the strategic evolution of Aave across DeFi with improved modularity, reduced governance overhead, capital efficiency and innovative liquidity rollouts. Aave is…
Although Ethereum is currently up by about 46% from the starting point at the beginning of 2024, December has been underlined by a notable correction. This correction saw Ethereum declining noticeably from a $4,000 price point in the middle of the month, and it now finds itself consolidating below $3,400. Crypto analyst Trader Tardigrade recently shared a bullish outlook for Ethereum in light of this consolidation. Particularly, the analyst has projected a surge to $8,000 sometime in 2025. Historical Pattern Says Bullish Trajectory For Ethereum Trader Tardigrade, known for identifying long-term market trends, took to social media platform X to…
DYDX, the native token of the decentralized trading platform dYdX, recorded an impressive rally on Nov. 6 following reports of it being backed by Trump’s newly appointed White House cryptocurrency advisor. The altcoin surged 35% over the past day, hitting a seven-month high of $2.45 on Nov. 6, bringing its market cap to over $1.67 billion. The recent rally positioned DYDX as the leading gainer among the top 100 cryptocurrencies by market cap, ranking 94th according to data from CoinGecko at press time. dydx (DYDX) ‘s price surge also extended its fortnightly gains to over 83% while boosting its monthly…