Author: NBTC
Bitcoin’s (BTC) incredible rally hit a rough patch after November 22, as investors appear to have lost their patience waiting for the cryptocurrency to fully close the final $2,000 gap to $100,000. Despite this decline to BTC price today of $93,721, the sentiment remains bullish.Once put in context, the correction appears minuscule as the coin remains 36.70% green in the 30-day chart. Still, the question of what will happen to Bitcoin through the remainder of 2024 and by the first day of 2025 remains open, and the Bitcoin Rainbow chart may offer some insights into things to come. Bitcoin Rainbow…
The crypto asset manager Grayscale joined the Solana ETF fray yesterday. NYSE Arca filed a 19b-4 form notifying the SEC that it hopes to list and trade shares of Grayscale’s existing Solana Trust. With Grayscale in, only BlackRock, Fidelity, ProShares and Ark are among the major crypto ETF issuers yet to file for Solana ETFs. But all these prospective Solana ETF issuers may have an achilles heel: The ETFs as currently proposed would not offer investors staking rewards. This omission isn’t necessarily by choice — SOL ETF issuers followed the precedent set by ether ETFs, which excluded staking rewards to…
Haider Rafique, Global Chief Marketing Officer at OKX, has warned of heightened volatility as Bitcoin approaches the $100,000 mark. Bitcoin (BTC) rallied close to the $100,000 mark last week but fell short of breaking this psychological resistance level and had succeeded to $93,428 at press time. In a statement to crypto.news, Rafique explained that the pullback was triggered by “profit-taking” among Bitcoin holders. According to the OKX exec, many long-term holders who accumulated Bitcoin around the $30,000 level are now realizing returns of two to three times their initial investment at current prices. This has positioned $100,000 as a key…
$RIO’s chart shows a strong bullish pattern, signaling a possible breakout soon. Analysts project $RIO could hit key price levels of $4.95, $7.70, and $10.43. The token’s position in the growing RWA sector increases its potential for long-term success. The $RIO token in the Real-World Asset sector is showing strong signals of an imminent breakout. Analysts have observed an inverse head and shoulders pattern on the weekly chart, which is a widely recognized indicator of a bullish reversal. The token is trading near $1.28, and traders are anticipating a significant upward move as resistance levels are tested. Besides the inverse…
Crypto analyst Aaron Arnold, host of the Altcoin Daily channel, has revealed insider plans by Wall Street whales to push Bitcoin to $125,000. Dubbed the “Santa Pump”, this seasonal price surge is expected to precede widespread retail participation. According to Arnold, Bitcoin’s path to these lofty levels is almost certain as it gains critical mass. Major institutional players, such as BlackRock and Fidelity, are continuing to increase their Bitcoin holdings. Bitcoin Price Predictions: $745K to $1 Million This sentiment is echoed by Pantera Capital’s Dan Morehead, who recently reiterated his bold Bitcoin price prediction of $745,000. Morehead believes that Bitcoin…
In the volatile world of cryptocurrency trading, patience can sometimes lead to substantial profits. A prime example of this is the recent success story of a crypto whale who made a significant profit from holding onto his investment in PEPE coins despite a market downturn. This investor’s journey offers a glimpse into the potential rewards of strategic investment in the digital asset market. A whale bought 240B $PEPE($3.64M) at a high price on May 29, and the price of $PEPE dropped afterward.But instead of panic selling, he held on for 6 months.Just 30 minutes ago, he sold his 240B $PEPE($4.95M),…
Bitcoin’s (BTC) hashrate, the computational energy needed to mine a block in a proof-of-work blockchain, is on track to reach 1 zettahash per second before the next halving event in about 3.5 years, putting miners under pressure to secure cheap power deals and more efficient equipment. The average hashrate could reach that level, equivalent to 1,000 exahash per second (EH/s), by 2027 even if it rises at the rather sedate pace of 20% a year. It’s grown an average of 65% a year since 2020 and is currently around 787 EH/s on a seven-day moving average basis, according to Glassnode…
This is a segment from the Empire newsletter. To read full editions, subscribe. We’ve talked about the bullish narrative, we’ve talked about the historical possibility of a drawdown, and now, dear readers, let’s talk price targets and analysis. It’s been a while since we spoke to Ledn’s John Glover to get his end-of-year expectations and the levels he’s watching. Glover uses the Elliott Wave Theory, which is a technical analysis that uses previous price movements to predict future movements. Basically, if we’ve carved out the high here at just below $100k (last Friday we saw it go as high as…
Binance’s native token (BNB) jumped to record highs on Wednesday amid a broader crypto market uplift that saw a resurgence in long-time altcoins affiliated with Ethereum and Bitcoin. BNB surged 8% to a new peak above $788, beating out its previous June all-time high of $710, CoinGecko data shows. The asset is used for trading fee discounts, transaction fees on the Binance Smart Chain, staking, participation in token sales, payments, borrowing, and lending. Meanwhile, Ethereum Classic (ETC) and Bitcoin SV (BSV) continue to rise, reaching heights not seen since March and April, respectively. ETC is up 21% on the week…
Cango Inc. now owns 933.8 BTC, showing strong trust in the cryptocurrency. Cango mined 569.9 BTC in December, a 56% increase from November’s output. Cango’s growing mining operations could signal a bullish shift for Bitcoin’s price trends. Bitcoin mining has seen a surge in operations recently, with companies like Cango Inc. making huge strides. The Chinese-based auto trading platform now holds 933.8 BTC, worth around $91 million, showcasing their growing trust in the asset. But what does this mean for Bitcoin’s future price? Cango’s Bitcoin Production Soars in December Cango, once primarily known for automotive financing and car trading has…