Author: NBTC
BTC dominance reflects Bitcoin’s market strength compared to altcoins. A drop below 52% signals potential altcoin season and capital shift. Resistance at 58% limits Bitcoin dominance, while support at 56% suggests market indecision. Bitcoin dominance plays a crucial role in shaping crypto market trends. This metric measures Bitcoin’s share of the total market. Recent shifts in Bitcoin dominance suggest a possible altcoin rally. An impulsive drop followed by corrective lower highs signals potential changes. Investors tracking these movements can gain valuable insights. Ignoring such shifts could mean missing out on key opportunities. Alt season aheadI dont use the BTC.D chart…
The past two days have seen significant movements in the cryptocurrency market, with four prominent whales cashing out a total of $12.7 million in profits on AAVE and UNI tokens. The large transactions highlight the growing volatility and profit-making opportunities in the DeFi space. Four whales have cashed out $12.7M in profits on $AAVE and $UNI over the past 2 days!1/ Whales “0x991” & “0x97d” (one entity) sent 41,469 $AAVE ($14.7M) to #Binance in the past 40 hours, likely securing a $11.3M profit (+330%).They still hold 28,639 $AAVE ($10.2M) with $7.86M… pic.twitter.com/CrwEpvo2BZ — Spot On Chain (@spotonchain) January 22, 2025…
Hong Kong regulators have vowed to issue new licenses for crypto trading platforms in the country after a lengthy review process. According to Chinese media outlet SINA Finance, Executive Director of the Intermediary Department of the Hong Kong Securities and Futures Commission, Ye Zhiheng, stated that new virtual asset licenses will be issued soon. No exact date has been revealed yet, but the commissioner hints at “good news” in the first quarter of 2025. Ye, who also serves as the Chairman of the country’s Fintech Advisory Group, said that last year the SFC inspected nearly all applicants onsite. He assured…
Bitcoin price is gaining pace above the $100,000 zone. BTC is rising and might accelerate higher if it clears the $102,000 zone. Bitcoin started a decent increase above the $100,000 zone. The price is trading above $100,500 and the 100 hourly Simple moving average. There was a break above a short-term declining channel with resistance at $99,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $100,000 support zone. Bitcoin Price Reclaims $100K Bitcoin price started a decent upward move above the $98,000 zone. BTC was…
One of the core Solana (SOL) developers, with work on the long-awaited Firedancer upgrade, has left the project to start his own platform. Pseudonymous Cantelopepeel will launch Unto Labs and a new high-performance L1 layer. Cantelopepeel, also known as Liam on GitHub, announced he is parting ways with the Firedancer Solana project. The pseudonymous developer will start on his own project, aiming to build a high-performance L1. The developer will start with a small agile team, predicting user growth for high-performance chains in 2025. The decision to leave Solana arrives just as Ethereum Developer Eric Conner left the Ethereum Foundation…
The Fifth Circuit Court of Appeals has ordered the US Treasury’s Office of Foreign Assets Control (OFAC) to remove addresses linked to Tornado Cash from its list of Specially Designated National and Blocked Persons (SDN). The controversial crypto mixing service was banned by OFAC in August 2022, following its widespread use by hackers, including North Korea’s Lazarus Group, to launder stolen crypto. Read more: Treasury cited only three examples of illicit Tornado Cash use, says judge Tornado Cash allows users to deposit fixed amounts of tokens into shared privacy pools, before using a cryptographic proof of their deposit to withdraw…
A publicly traded company on the Toronto Stock Exchange (TSX), Goodfood Market Corp., has announced plans to adopt a bitcoin treasury strategy. The initiative aims to “strengthen its balance sheet and create long term shareholder value.” Canada’s Leading Online Grocer Goodfood Adds Bitcoin to Its Plate in Bold Treasury Strategy The Montreal-based Canadian online grocery and meal solutions provider, Goodfood Market Corp. (TSX: FOOD), has unveiled plans to strengthen its balance sheet by investing in bitcoin. In a statement released Thursday, the company confirmed it is “adopting [a] bitcoin investment as a treasury reserve asset, joining a global community of…
According to a new report from CryptoQuant, USDC liquidity is at its highest level since February 2023. The report noted that Circle typically mints this many tokens in bearish periods. USDC’s market cap has also increased by over $9 billion in the past month. Circle’s USDC Liquidity Keeps Growing CryptoQuant, a respected blockchain analysis firm, released a brief report today on USDC liquidity. Apparently, Circle minted enough USDC stablecoins to reach its highest level in nearly two years. The report also claimed that a long-running partnership with a crypto market maker possibly contributed to this minting event: “It is speculated…
Ross Ulbricht, the founder of the Bitcoin industry’s first major business, the Silk Road, is now free. Donald Trump called his mother Lyn Ulbricht last night to deliver the news that he had signed a full and unconditional presidential pardon of her son who had been in federal prison since summer 2015. Trump promised to pardon Ulbricht on “day one” in office. However, as January 20 passed and January 21 drew to a close, doubt began to creep into the #FreeRoss community. Impatience grew as Trump spent time signing dozens of non-crypto executive orders and then went off to attend…
The developers of virtual horse racing game Photo Finish Live have teamed up with crypto casino and sportsbook BlockBet, enabling users of the site to wager with the game’s CROWN token. CROWN, a token on the Solana blockchain, joins Solana, Bitcoin, Ethereum, Bonk, and others as supported assets for wagering. The partnership includes BlockBet becoming the first official simulcast partner of Photo Finish from developer Third Time Games, allowing users to watch and wager on the outcome of the platform’s virtual horse races that will be hosted around the clock on BlockBet.gg. Additionally, the partnership calls for BlockBet to become…