Author: NBTC
Analyst Benjamin Cowen is leaning bullish on Bitcoin (BTC) while warning that one factor could delay the flagship crypto asset from reaching $100,000 before the end of this year. In an appearance on The David Lin Report, Cowen says that Bitcoin is primed to hit a six-figure price based on historical precedent. “If you go look at like year-to-date return on investment (ROI)… and you average out all the prior halving years, we’re actually tracking it pretty closely. So if you average out 2012, 2016 and 2020 and then you overlay 2024, right now Bitcoin is at its average of…
Ethereum price started a fresh recovery wave above the $3,250 zone. ETH is holding gains and might aim for a fresh increase above the $3,480 zone. Ethereum started a decent recovery wave above the $3,240 zone. The price is trading above $3,300 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,400 resistance level. Ethereum Price Stays Above The Key Support Ethereum price started a decent upward move above…
Bison Digital Assets, a subsidiary of Portugal’s Bison Bank, has partnered with Circle to provide access to regulated stablecoins that comply with the European Union’s Markets in Crypto Assets framework. The partnership integrates Circle’s USD Coin (USDC) and Euro Coin (EURC) into BDA’s platform, allowing customers to use these stablecoins for deposits, withdrawals, and payments. Stablecoins are cryptocurrencies designed to maintain a consistent value by being backed 1:1 by traditional currencies like the euro or U.S. dollar. USDC and EURC, issued by Circle, are backed entirely by cash or cash-equivalent assets held at regulated financial institutions, according to a company…
Ripple Labs launched the XRPL Foundation in France to boost innovation, developer participation, and regulatory progress for the XRPL ecosystem. XRP surged 200% in three weeks to $1.43 amid optimism over Ripple’s SEC case and the announced resignation of SEC Chair Gary Gensler. The XRPL Foundation focuses on long-term growth, aiming to attract developers, institutional partnerships, and mainstream blockchain adoption. Ripple Labs, a leading blockchain company, has unveiled the XRPL Foundation in France. This non-profit initiative, established under French law, aims to strengthen the XRP Ledger (XRPL) ecosystem. Notably, the foundation seeks to foster innovation, expand developer participation, and attract…
Senator Cynthia Lummis has threatened criminal referrals for FDIC staff allegedly involved in destroying documents linked to “Operation Choke Point 2.0.” Whistleblowers at the U.S. Federal Deposit Insurance Corporation have alerted policymakers to alleged efforts within the agency to withhold and destroy information regarding what industry advocates have dubbed an anti-crypto campaign. The initiative, referred to as “Operation Choke Point 2.0” (OCP 2.0), involves a multi-agency crackdown on crypto businesses, with the primary goal of denying the nascent sector access to banking services. In a Jan. 16 letter addressed FDIC Chair Marty Gruenberg, Senator Cynthia Lummis of Wyoming warned agency…
South Korea’s leading cryptocurrency exchange Bithumb has announced that GAMEBUILD (GAME2) will be listed on the KRW market. Bithumb Lists GAMEBUILD (GAME2) on KRW Market Trading for GAME2 will begin on January 15, 2025 at 14:00. Details of GAMEBUILD (GAME2) Process Support Market: KRW Market Network: Ethereum (Deposits via other networks are not supported) Deposit / Withdrawal Start Time: Within two hours after announcement. Initial Trading Price: 8,329 KRW Deposit Confirmation Requirement: 33 confirmations Note: Some external exchanges may use the symbol “GAME” instead of “GAME2”. Users are advised to check carefully when making deposits and withdrawals. About GAMEBUILD (GAME2)…
Bitcoin futures open interest on the CME exchange has hit 218,000 BTC ($21.3 billion). The cryptocurrency’s market cap is closing in on a historic $2 trillion. CME growth is largely coming from active and direct participants, K33 research says. Bitcoin (BTC), the largest token by market capitalization, is approaching a $2 trillion market cap for the first time after its price added $30,000 since Donald Trump won the U.S. presidential election at the beginning of the month. Currently at $1.93 trillion, a price of about $101,000 per bitcoin would achieve this landmark. The BTC price crossed $97,000 for the first…
Ethereum price trend is gaining momentum amid the broader market recovery. Will the ETH price rally continue and reclaim $4,000? With Bitcoin holding above the $101,000 mark, Ethereum is gradually gaining momentum. With a market cap exceeding $400 billion, Ethereum is preparing for a breakout above $3,400. Additionally, the total crypto market cap, excluding Bitcoin, saw a 9.42% surge this week, reaching a $1.48 trillion valuation, reflecting growing interest in altcoins. Despite Ethereum’s slow recovery, the massive upside potential of the largest altcoin suggests a strong possibility of a bull run. Ethereum Price Analysis On the daily chart, Ethereum’s price…
As MicroStrategy (MSTR) continues to dilute and supersede common shareholders to add bitcoin (BTC) to its balance sheet, company insiders continue to sell into their bids. While its leaders boast about the company’s long-term prospects, multi-million dollar BTC price forecasts, and accretive BTC purchases, many well-informed executives are selling shares for personal compensation. A recent post on the MSTR subreddit, citing data from November, reignited concerns about Securities and Exchange Commission (SEC) Form 4 filings by insiders that have disclosed millions of dollars worth of insider liquidations. Bulls were quick to point out the time delay of that data as…
Gifto faces backlash following its recent move to mint and dump GFT tokens into the market. On November 26, Binance announced that it would delist the GFT/USDT trading pair on December 10, 2024. The delisting, part of Binance’s broader decision to remove eight altcoin spot trading pairs, has already sent shockwaves through the market. Gifto’s Controversial GFT Token Dump The immediate aftermath of the Binance’s delisting announcement on Tuesday was swift and severe. In what could only be ascribed to a sharp decline in investor confidence, the GFT token’s price dropped by approximately 25%. Expectedly, delistings from major exchanges like…