Author: NBTC
Cryptocurrency analytics firm Alphractal has published an in-depth assessment of the Bitcoin market following the recent drop in its price. In its report titled “Where Is Bitcoin Headed After Capital Outflows?”, the firm outlines potential scenarios for the cryptocurrency as it seeks new equilibrium points amid shifting capital flows. According to Alphractal, the capital outflow from Bitcoin suggests that market makers may be developing strategies to set new price levels for re-entry. The analysis focuses on three key scenarios: Bull Scenarios STH Realized Price ($86,200): Alphractal has identified the Short-Term Holder (STH) Realized Price as the first target. This metric…
The first weeks of 2025 have been nothing short of turbulent for financial markets, with both cryptocurrencies and equities facing intense pressure. A major shake-up came from China’s DeepSeek AI, which rattled the tech sector promising superior performance at a fraction of competitors’ costs. Meanwhile, President Donald Trump’s aggressive tariff policies further unsettled markets, triggering even greater turmoil. The cryptocurrency market suffered historic liquidation, erasing $2.24 billion in value within 24 hours, with estimates reaching up to $10 billion. Ethereum (ETH) took the hardest hit, leading the liquidation spree with $617.35 million in losses, plunging 16% to a low of…
Crypto exchange-traded products (ETPs) recorded a fourth straight week of inflows, bringing in $527 million last week, according to CoinShares‘ latest report. James Butterfill, the head of research at CoinShares, said that market sentiment fluctuated significantly throughout the week, shaped by broader economic concerns. According to him, a key factor was the impact of DeepSeek, a Chinese artificial intelligence company whose open-source R1 model outperformed OpenAI’s ChatGPT. The AI app soared to the top of the App Store rankings, raising concerns over its impact on major US tech firms like Nvidia. This uncertainty contributed to $530 million in outflows at…
According to the report, the Federal Deposit Insurance Corporation (FDIC) is preparing to revise its guidelines to enable banks to operate crypto-related operations. The regulatory landscape for cryptocurrencies has witnessed a seismic shift in recent months. The newly-elected U.S. president Donald Trump vowed to create crypto-friendly policies, contrasting the stance of the previous government led by Joe Biden. BREAKING: The FDIC is planning to revise some crypto guidelines, allowing banks to engage in some crypto activities, per Barrons. This includes potential “tokenized deposits” that could put some checking accounts on blockchains. pic.twitter.com/LMYGRf5UEQ — The Kobeissi Letter (@KobeissiLetter) February 5, 2025…
Feb 4 (Reuters) – MercadoLibre is now offering transactions using its payment processors in Argentina through Pix, the Brazilian instant payment system, as Brazilian tourists flock to the neighboring country for vacation, MercadoLibre told Reuters on Tuesday. MercadoLibre’s (MELI.O), opens new tab payment processors, run by fintech arm Mercado Pago, have become ubiquitous for Argentines on the go and are popular for merchants looking for instant payments instead of waiting on credit cards to clear while their money depreciates. The central-bank-developed Pix, meanwhile, has taken up a similar position for Brazilians and is now residents’ favorite way to pay over…
The cryptocurrency market was shaken after Bitcoin’s price dropped below $93,000, shedding 14% from its recent all-time high of $108,135. Analysts attribute the decline to the minutes of the December meeting of the Federal Open Market Committee (FOMC), released on Wednesday, which highlighted the influence of the Trump administration on the Fed’s hawkish policy stance. Fed minutes revealed that concerns about the policy implications of Donald Trump’s second term as president played a significant role in shaping the central bank’s outlook. The development challenges the general narrative that Trump’s return to the White House will trigger a crypto market rally,…
Ethereum (ETH), could hit the $2,200–$2,500 range soon as China retaliates against US tariffs. While Trump suspended tariffs on Mexico and Canada for 30 days, tariffs on China remain active. In retaliation to US tariffs on China, the country announced a 10% tariff on US oil and agricultural machinery, escalating tensions between the two economies. Crypto trader Andrew Kang highlighted an older X (formerly Twitter) post in which he noted that ETH dipping below $3,000 risks triggering significant leverage liquidations. Lmao holy shit https://t.co/vb5dDPgtUK — Andrew Kang (@Rewkang) February 3, 2025 Kang believes the “reasonable” price for ETH is around…
Bitcoin and altcoins experienced sharp declines after US President Donald Trump imposed new tariffs on Canada, Mexico and China. While this decline negatively affected all investors, Trump and his family’s cryptocurrency project World Liberty Financial also suffered a loss of approximately $51.7 million from this decline. The crypto portfolio of the Trump family’s DeFi project World Liberty Financial (WLFI) has fallen by over 21% following market reactions to new tariffs in the US, analytics platform Spot On Chain has reported. WLFI invested approximately $242.77 million across multiple assets between Jan. 19 and Jan. 31. However, this acquisition faced a massive…
Stablecoin usage on Polygon remains high among retail users. This type of activity has kept the chain relevant. It is one of the older L2 chains, working both with its legacy chain and the new Polygon ZK EVM. Polygon is still one of the primary chains for stablecoin transfers. The L2 has legacy status, mostly based on its collection of apps and games. Based on stablecoin statistics by VISA, it remains a strong venue for stablecoin users. However, the recent shift toward newer L2 chains affected the status of the original Polygon chain as an already established Web3 tool. Stablecoin…
A powerful group of unions has declared war on the US Treasury Department, filing a lawsuit to stop Elon Musk’s Department of Government Efficiency (D.O.G.E) from accessing sensitive financial and personal information yesterday. The unions want an immediate court order slamming the brakes on Elon’s access to federal payment systems, saying the Treasury illegally handed Elon’s team the keys to the nation’s confidential data, including records tied to taxpayers, federal employees, and companies. The lawsuit was filed after Scott Bessent, who now heads the Treasury, approved the access, which the unions are saying violates federal privacy protections and places all…