Author: NBTC

The market’s New Year rebound turned into a start-of-year retrace after Bitcoin (BTC) dropped from the recently reclaimed $100,000 support into the $94,000 territory. Amid the drop, an analyst shared his “cautiously bullish” outlook for BTC’s price. Bitcoin Risks Crash To $74,000 On Tuesday, Bitcoin dropped below $97,000, dragging the market into the first pullback of the year. BTC began 2025 trading around the $92,000 level but climbed around 6.5% in the following days. After turning the $98,000 resistance into support over the weekend, Bitcoin jumped back above $100,000, reaching its highest price in weeks. However, BTC struggled to maintain…

In the past 24 hours, the broader non-fungible token market has been struggling, indicating a decrease in user interest. The same phenomenon currently happens in the digital asset market, which today saw a significant decline triggered by macroeconomic instability and fear among investors. However, according to data shared by Phoenix Group today, NFT collections like Pudgy Penguins, the Band Bears, CryptoPunks, and others recorded outstanding performance, suggesting optimism in the market. #NFT MARKET OVERVIEW TOP COLLECTION #PudgyPenguins – 24H Volume $1.93M… pic.twitter.com/qleCKLDp15 — PHOENIX – Crypto News & Analytics (@pnxgrp) February 7, 2025 NFT market registers decreased volumes The wider…

Bubblemaps, an on-chain analytics firm, has announced that it will launch its own token on Solana later this month. This will be used as the backbone of the company’s soon-to-launch investigation platform. Intel Desk, the aforementioned investigation platform, aims to be the “first governance for on-chain investigations.” Launching in Q1 2025, proposers will submit investigation ideas—such as suspicious wallets or nefarious token launches—users will then vote using the Solana Bubblemaps Token (BMT). When an investigation has received enough votes, the investigation begins with Bubblemaps leading the way. That said, contributors can help uncover information regarding the case. Put simply, Intel…

B3, a layer-3 gaming network built on top of Base—the Coinbase-incubated Ethereum layer-2 chain—announced Friday that it will drop its recently revealed B3 token with an accompanying airdrop on Monday, February 10. The B3 token will be available for trading via Bybit and “other major exchanges,” the project said Friday, with a snapshot taken of network activity ahead of a planned “S1 airdrop,” according to an X thread. But it won’t be the only airdrop for players. “There will be more airdrops, tournaments, and gamified ways to earn B3 going forward,” the project posted. for game developers, the $B3 token…

Bitcoin and the wider crypto market may be entering a new era of widespread adoption, but investors are far from being “too late,” according to Fidelity Digital Assets’ 2025 Look Ahead report. The report, authored by Fidelity’s research team and led by Chris Kuiper, addresses a lingering question among investors: “Am I too late?” The inquiry follows a year marked by accelerated digital asset growth, fueled by the approval of exchange-traded products (ETPs) and a post-election surge. Drawing on economist Carlota Perez’s theory of technological revolutions, the report suggests that the digital asset market is transitioning from speculative frenzy to…

Cryptocurrency veteran Austin King, who sold his company to Ripple in 2019 and worked at the decacorn for two years, shares his vision on the next phases of Ripple and XRP Ledger’s growth. Acquisitions of Metaco and Standard Custody, together with the hotly anticipated launch of Ripple USD (RLUSD) stablecoin, highlight that B2B tokenization is a focus for Ripple. Ripple betting big on tokenization with RLUSD launch and massive acquisitions Asset tokenization and interoperability services for banking institutions will be in focus for Ripple in the near future. Such analysis was shared by Austin King, founder of Omni Network, who…

As became known thanks to data from IntoTheBlock, the amount of Shiba Inu (SHIB) tokens outflowing from the wallets of large holders in the past 24 hours skyrocketed by a staggering 475%. According to on-chain data, the amount of SHIB, which left the addresses controlling no less than 0.1% of the circulating supply of the popular meme cryptocurrency, soared from 223.13 billion SHIB to over 1.06 trillion SHIB. Despite an almost five-fold increase in just a course of a day, the netflow of Shiba Inu tokens to these wallets remained positive as the inflows totaled 1.44 trillion, which brings the…

The Kobeissi Letter reported that Open Interest in Bitcoin futures contracts on the CME hit a record of 51,000. According to the market analyst, CME’s surge in open interest in Bitcoin futures coincided with the launch of spot Bitcoin ETFs last year. The Kobeissi Letter revealed that Open Interest(OI) in Bitcoin futures contracts on the Chicago Mercantile Exchange(CME) had recorded an all time high of 51,000. The analyst highlighted the number of active positions that had risen fivefold since the beginning of 2024. #Bitcoin trading activity has never been greater: Open interest in Bitcoin futures contracts on CME is now…

The VeBetterDAO dashboard, designed to improve VeChain governance and user engagement, has been launched. VeChain has pitched it as a one-stop shop for VeBetter governance participation. The company also thanked the Better Collection team for their efforts in developing this new platform. In a post, the Better Collection team described the launch as a “game-changing new release” and highlighted the dashboard’s features, which consolidate various Pool2Earn activities into a single page. Among the tools on offer is a countdown timer designed to keep users informed about the next snapshot for governance voting. The dashboard also allows users to efficiently manage…

Bitcoin (BTC) is becoming more difficult to mine after increasing competition in the past ten days. The next difficulty adjustment may make the network even more competitive. The Bitcoin (BTC) difficulty index is near an all-time high, after a small readjustment at the end of January. The next difficulty readjustment points to an increase of 4.71%, further pressuring miners to allocate more resources or shut down their operations to await more favorable difficulty conditions. The behavior of miners and their readiness to produce coins under all conditions may sighal whether the price of BTC will continue its upward trek, or…