Author: NBTC
Donald Trump, who won the presidential race in November, brought a surge to Bitcoin and altcoins. In the rally initiated by Trump, Bitcoin reached new highs of $108,000, while Ethereum exceeded $4,000. However, this rally lost momentum as the new year approached, and the Bitcoin price fell to $90,000 levels. At this point, while it is wondered whether the declines will continue, analysts generally think that the cryptocurrency market is moving away from the Trump narrative. Analysts say the dollar has strengthened due to the shift away from the Trump narrative and the hawkish statements coming from the Fed, putting…
Ethereum has been showing strong bullish cues despite recent selling pressure. The cryptocurrency has remained resilient, maintaining its recovery momentum even as investors moved significant amounts of ETH onto exchanges. Market conditions and investor behavior suggest that the Ethereum price may be poised for an upward breakout in February. Ethereum Investors Are Skeptical The Ethereum exchange net position change indicates that 122,000 ETH, worth approximately $390 million, has flowed into exchanges. This surge in supply suggests that investors took advantage of Ethereum’s price recovery above $3,000 on Tuesday to lock in profits, reflecting cautious market sentiment. Despite this selling activity,…
Austin King, co-founder and CEO of OmniNetwork, in a latest X post breaks down Ripple’s latest move into tokenization and how it will reshape the onchain economy. Is Ripple positioning the $XRP Ledger to take on BlackRock?With over $10 trillion dollars under management, the world’s largest asset manager is beginning to focus on Ripple’s latest expansion: tokenization.Here is a strategic breakdown of this next phase for $XRP: pic.twitter.com/L9cdUt0hDx — Austin King (@0xASK) January 18, 2025 He highlighted that the world’s largest asset manager, BlackRock, is focusing on tokenization, and Ripple is positioned to lead this charge. He also shared a…
With his U.S. Senate confirmation behind him, Scott Bessent is in place to be the top financial official of President Donald Trump’s administration, where he’ll be among those fulfilling the crypto directives already set out by the president last week. Bessent, a billionaire former hedge fund manager, didn’t give the crypto sector much to chew on during his nomination hearing earlier this month, but he’s a known digital assets enthusiast. His boss, Trump, has already assigned him a spot on the team assigned to marshal the federal government toward a friendly system of oversight. The Senate voted 68-29 to approve…
If historical price movements are anything to go by, then this week could be pivotal for Bitcoin (BTC), as it could trigger a parabolic rally amid the current consolidation below the $95,000 level, as per an outlook by a trading expert. TradingShot, a prominent online cryptocurrency analyst, notes that Bitcoin’s current cycle is replicating the 2014–2017 market structure, which opens the door toward the $200,000 target, according to an analysis shared in a TradingView post on January 13. The analysis identified two distinct accumulation phases above the one-week moving average that have occurred, signaling key long-term buying opportunities. A similar…
Whenever the price of Ethereum approaches 0.03 per bitcoin (BTC), it usually means that something entertaining is happening or about to happen in crypto. The price level is notable for many reasons and somewhat storied in crypto history. From its debut in 2015 through the spring of 2016 — long before crypto was mainstream — Ethereum tried to gain listings on exchanges catering almost exclusively to BTC purists who scoffed at the fledgling project. Struggling to even attain a single-digit dollar price, ether (ETH) tried to breach the 0.03 per BTC ceiling on two, failed occasions in March and May.…
Maple Finance, a major institutional cryptocurrency lender, shared details of a recently completed pioneering loan deal with the XRP crypto as a collateral. The seven-figure USDC loan contract was facilitated by the Digital Wealth Partners asset manager. XRP as collateral for USDC: Massive loan deal completed on Maple Finance The platform’s first loan deal with the XRP cryptocurrency collateralized was completed by Maple Finance, an institutional-grade digital assets lender. Pledging the Ripple-linked large-cap coin, the client managed to obtain borrowed USDC, a Maple Finance statement said today, Jan. 18, 2025. Following $XRP collateral approval, Maple’s High Yield Secured Pool closed…
Trump’s tax-free crypto policy could boost U.S. projects, but risks disadvantaging global crypto competition. Foreign crypto projects may face a 30% capital gains tax, pushing investors to favor U.S.-based ventures. Ted Cruz plans to challenge the IRS rule on DeFi, citing privacy and innovation concerns in decentralized finance. According to Martyparty, Donald Trump intends to remove capital gains taxes on cryptocurrencies located in the United States. The goal of this program is to make the United States the premier global center for cryptocurrency development by bringing blockchain innovation to the country. Eric Trump has further confirmed that projects like XRP…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Ethereum is up 5.13% today against the US Dollar ETH/BTC increased by 2.11% today Ethereum is currently trading 11.47% below our prediction on Feb 04, 2025 Ethereum dropped -4.56% in the last month and is up 41.04% since 1 year ago ETH price is expected…
The internal crisis within the Cardano ecosystem at the executive level might be playing out again. On X, founder Charles Hoskinson directly responded to a post from Cardano Foundation President Frederik Gregaard regarding the Layer-2 innovations built on the protocol. The callout comes as Gregaard boycotted the Midnight Network. Why Midnight Network boycott? According to Gregaard, the Layer-2 ecosystems on Cardano offer security, scalability and privacy preservation for users. Placing in the spotlight, the Cardano Foundation President mentioned four key innovations to watch out for. The first is State-channels, the Hydra Head, which brings scalability and throughput without sacrificing security.…