Author: NBTC
With a bearish start to this week, Bitcoin remains near the $93k support. Will BTC’s price see an extended correction phase? Bitcoin has dropped to $93,300, following a bearish Sunday that resulted in a 24-hour decline of 1.71%. At the current market price of $93,390, Bitcoin’s market capitalization stands at $1.84 trillion. Under the bearish influence on Bitcoin’s price, the crypto market has witnessed liquidations totaling $167.94 million over the past 24 hours. This figure is significantly higher than the typically lower trading volumes observed over weekends. As liquidations surge, the tightening bearish pressure on the BTC price trend raises…
Ethereum (ETH) has been trading within a narrow range since the beginning of February, oscillating between key support and resistance levels. However, despite this sideways price movement, futures traders remain resilient as they continue to open buy contracts, signaling confidence in ETH’s potential upside. Ethereum’s Futures Market Shows Resilience Readings from the ETH/USD one-day chart reveal that the leading altcoin has traded within a horizontal channel since the beginning of the month, facing resistance at $2,799 while finding support at $2,585. Despite this, its futures traders have maintained their bullish stance and have increased their buy orders. A key indicator…
Messari, a leading blockchain analytics platform, has released its annual forecast for 2025, predicting significant shifts in the cryptocurrency, AI applications, and NFT ecosystems. Here are the key takeaways: Ethereum Will Outperform Solana in 2025 Messari predicts that Ethereum (ETH) will outperform Solana (SOL) throughout 2025 due to several factors: ETF Inflows: While Ethereum ETFs are expected to attract significant institutional interest, SOL ETFs may struggle to gain similar traction. FTX Liquidation: Over 11 million SOL will be removed from FTX property in March, leading to increased selling pressure. Market Dynamics: After a tough 2024, Ethereum is likely to attract…
The United States Department of Justice (DOJ) has extradited a Brazilian national to the United States of America from Switzerland over a $290 million cryptocurrency fraud scheme between 2016 and 2021. According to the DOJ, the citizen of Brazil appeared at the United States District Court in Seattle, where he is facing a 13-count indictment for wire fraud and conspiracy related to his Bitcoin investment scheme. Authorities claim the defendant, 48-year-old Dover Braga, lived in Florida between 2016 and 2021 when he carried out most of his fraudulent activities. In the DOJ indictment, Braga was accused of running a Bitcoin…
Base, the layer-2 network of the largest American crypto exchange, Coinbase, is facing tough times following the chain’s strong entrance into the market over a year ago. Data from the market analytics platform IntoTheBlock shows that the Base ecosystem is under pressure, a challenge driven by the market’s recent dip. Base Ecosystem Under Pressure After reaching a peak of $4 billion in total value locked (TVL) in mid-December 2024, Base is now struggling with a TVL of $3.2 billion, according to data from decentralized TVL aggregator DeFiLlama. Base’s transaction volume has also fallen from $2.2 billion in mid-December to $852…
Bitcoin’s position as a store of value (SoV) has reached a new milestone. The SoV Index, which measures the amount of capital stored in Bitcoin, hit $1.03 trillion on December 29, 2024. Crypto analyst Ki Young Ju highlighted this achievement on X, noting Bitcoin’s growing recognition as a digital asset with long-term value. #Bitcoin serves as a Store of Value (SoV).So, how much capital is stored on the network? Combining off-chain and on-chain data, the estimate is $1.03T, up 85% this year. pic.twitter.com/87db5xgK3k — Ki Young Ju (@ki_young_ju) December 30, 2024 Read also : Goldman Sachs CEO: Bitcoin Could Serve…
Jason Fang, the founder of Sora Ventures, unveiled the MicroStrategy 2.0 framework for Asia during the Consensus Hong Kong 2025 event. The reveal shows Bitcoin’s worldwide mainstream adoption is rapidly gaining momentum at the corporate level. Jason revealed a promising outlook for Bitcoin adoption in Asia through his MicroStrategy 2.0 framework during the Consensus Hong Kong 2025 event. The executive presented an innovative method for generating Bitcoin yield through structured products. Jason Fang reveals Asia’s MicroStrategy 2.0 framework At Consensus Hong Kong, Jason Fang, Founder of Sora Ventures, unveiled the MicroStrategy 2.0 framework for Asia, presenting an innovative method for…
The recently launched Destra crypto, DSYNC, leaps as high as 32% following an announced 0% tax from Destra. DSYNC is the native token of Destra network, a decentralized AI computing platform. According to data from CoinGecko, DSYNC has gone up by more than 30% in the past day of trading. At the time of writing, it is trading hands at $0.406. At the beginning of December, DSYNC reached a new all-time high, surging to more than half a dollar. The token’s current price is only 22% lower than its recent ATH. In the past week, DSYNC has been on an…
Russia’s Supreme Court has taken a significant step toward defining the legal status of cryptocurrencies, advancing efforts to classify digital assets as property in criminal proceedings. The development, reported by Russian news agency Tass, is part of the country’s latest efforts for legal clarity in its handling of crypto-related crimes. At a recent meeting attended by judges and Russian President Vladimir Putin, Chief Justice of the Supreme Court Irina Podnosova said there is a need for a legal framework that addresses cryptocurrencies in criminal activities. She noted that the increasing prevalence of digital currency in the economy has led to…
Multiple Network advanced Web3 and AI by forming a strategic partnership with the decentralized multi-chain data network Unmarshal AI. The joint initiative will make blockchain data more accessible and create better privacy acceleration features while using AI applications enabled by real-time multi-chain data across 55+ blockchain networks. ♥️Strategic Partnership: Multiple Network x Unmarshal AI ♥️We’re thrilled to partner with Unmarshal AI (@UnmarshalAI)! 🤝Unmarshal AI is a decentralized multi-chain data network that provides real-time, accurate blockchain data across 55+ chains. By leveraging AI-driven… pic.twitter.com/JSjPUNiVBY — Multiple Network (@MTP_Network) February 21, 2025 The alliance is an important advancement for Web3 because each…