Author: NBTC
Bitcoin has faced intense selling pressure since Tuesday, following a strong breakout above the $100K mark. The rally, which many investors hoped would solidify Bitcoin’s bullish structure, quickly reversed, driving the price down to a low of $92,500. The sudden downturn has rattled market sentiment, leaving investors cautious about the immediate direction of the crypto market leader. Top analyst Axel Adler has shared crucial data on X, highlighting Bitcoin’s nearest support levels. According to Adler, the key levels to watch are between $86.8K and $89.7K, representing the short-term holders’ realized price. These metrics suggest that Bitcoin is approaching a significant…
A month into 2025, Ethereum faces growing uncertainty despite its established dominance in the smart contract space. While ETH registered notable gains in 2024, it lagged behind major competitors like Solana, XRP, and SUI, raising concerns about its ability to maintain market leadership. The Ethereum Foundation also had a challenging year, dealing with transparency issues, leadership shifts, and increasing skepticism from the community. With experts divided on Ethereum’s future, the question remains: Does it still offer strong investment potential, or are alternative ecosystems becoming more attractive? Ethereum is Lagging Behind Major Competitors In 2024, Ethereum ended the year with a…
Traders online are scrutinizing the fundraising project done to raise $650,000 to put the dogwifhat icon on the Las Vegas Sphere due to inactivity. The funds have surpassed the goal, however the dog with the pink hat has yet to appear on the sphere. On the social media platform X, users have started noticing the project’s inactivity 10 months after the funds surpassed the set goal. Meanwhile, the donations worth nearly $700,000 in USD Coin (USDC) are still kept frozen in the crypto wallet held by a team of influencers. One of the users on X with the username @0xShual…
Hacker Indian crypto exchange WazirX’s latest move has users furious: either support new DEX plan or sit tight for five years to get their money back. Indian crypto exchange WazirX, which lost hundreds of millions in customer funds in a 2024 hack, is making waves again. This time, over a restructuring plan that’s sparking outrage among users. In an X post on Tuesday, Feb. 4, WazirX laid out a “breakdown of what happens” depending on whether the community backs its proposal. Urging users to “understand what to expect in both scenarios,” the exchange is essentially offering users two options: support…
Bitcoin enters the 6th consolidation range, signaling potential breakout or deeper correction. Institutional ETF outflows rise while whales accumulate over $2.1 billion worth of Bitcoin. Key support at $92,118; traders watch for breakout above $96,397 resistance. Bitcoin—BTC, has now entered the 6th consolidation range of this market cycle, adding to the intrigue. Previous ranges have followed a predictable pattern—sideways price action, misleading fakeouts, and eventual breakouts. Many traders believe history may repeat itself, with a massive move likely on the horizon. Yet, the growing fear in the market, alongside price declines, raises questions about what lies ahead. Will Bitcoin recover,…
Ethereum (ETH) continues to perform poorly against Bitcoin, with data showing that ETH has fallen by 70% against BTC since the merger. While analysts expected the September 2022 Merge upgrade to be good for ETH, more than two years later, Ethereum’s performance tells a different story. Bitcoin has gained approximately 160% in value against Ethereum since Mertge. While Ethereum’s failure to meet expectations and its weak performance against Bitcoin increased concerns about ETH’s market position, Alphractal CEO Joao Wedson announced important data regarding Ethereum. Noting that long-term Ethereum investors have reduced their positions since the Merge, Wedson said that wallets…
Telcoin has received approval for its Digital Asset Depository Bank Charter in Nebraska This positions Telcoin as one of the first federally regulated digital asset depository banks in the USA With this charter, Telcoin can now issue stablecoins and hold deposits at a Federal Deposit Insurance Corporation. In a landmark decision, the Nebraska Department of Banking and Finance has given the green light to Telcoin, Inc., allowing it to become one of the first federally regulated digital asset depository banks in the United States under the Nebraska Financial Innovation Act (LB 1074, 2024). Source: Nebraska Department of Banking and Finance…
VeChain’s immutable data tracking ensures real-time monitoring and secure records, boosting stakeholder confidence and operational reliability. SolarWise has implemented VeChain technology at its first solar farm in Paraná, with plans for a DApp offering real-time energy data and predictive analytics. VeChain is now revolutionizing the solar energy industry in Brazil through blockchain integration. SolarWise, a renewable energy firm, has adopted VeChain’s blockchain capabilities to track data in a precise and immutable manner for its energy production operations. This innovative approach will redefine transparency and efficiency in the industry. How VeChain’s Technology Aids Brazil’s Solar Energy Sector The VeChain technology can…
Global cryptocurrency exchange KuCoin has announced the listing of Berachain (BERA) on its spot trading platform. The BERA/USDT trading pair will go live on February 6, 2025, at 13:00 UTC. Deposits are already open via the BERA Mainnet, and withdrawals will be available starting February 7, 2025, at 10:00 UTC. More Than Just Spot Trading In addition to spot trading, KuCoin is introducing Margin Trading, Futures Trading, Convert, Savings, and Fast Trade services for BERA. This expansion provides more opportunities for traders and investors to engage with the token. The launch will also include trading automation tools, like Spot Grid,…
Veteran market trader Peter Brandt agrees the ongoing Bitcoin turbulence could be a bear trap, but stresses how unreliable charts can be. Bitcoin’s recent slump has triggered multiple analyses, with differing opinions on its future trajectory. Renowned market expert Peter Brandt drew attention to the price drop, but suggests it might be a bear trap rather than a sign of prolonged bearishness. Bitcoin Drop to $73K Possible but Not Certain Notably, Brandt rooted his initial analysis in Bitcoin’s historical behavior during similar patterns, with a focus on the potential formation of a Head and Shoulders (H&S) pattern on the daily…