Author: NBTC
A closely followed crypto analyst says that Bitcoin (BTC) is setting up for a potential price explosion before Christmas amid a favorable technical setup. The pseudonymous trader known as Dave the Wave tells his 147,000 followers on the social media platform X that BTC is in an ascending channel with an upward target of about $112,000 that could be hit around December 25th. “A pre-Xmas day BTC rally.” Source: Dave the Wave/X Zooming out on the weekly chart, Dave the Wave suggests that BTC is also trading within a longer-term ascending channel similar to the 2021 bull market. The trader’s…
On Monday, December 16, Ethereum (ETH) price climbed above $4,000 again, with historical data suggesting that the return could be the beginning of a prolonged bull market. This development comes as several analysts opine that ETH could follow in Bitcoin’s (BTC) steps after the latter reached another all-time high. But will these bullish predictions hold? This on-chain analysis looks at key historical data of Ethereum that have influenced its price action. Ethereum Investors Are Back in “Belief” Mode According to Glassnode, Ethereum’s return to $4,000 has improved the sentiment of Long-Term Holders (LTH) toward the cryptocurrency. In getting the current…
Recently, Michael Saylor’s software firm, Microstrategy, achieved a listing on the Nasdaq-100 Index. This inclusion has triggered a lot of speculations in the Bitcoin ecosystem with firms like MARA Holdings congratulating the company. Analysts have noted that MicroStrategy’s decision to purchase bitcoin to protect the value of its reserve assets has enhanced the appeal of its stock, which also aligns with Bitcoin’s performance. Bernstein analysts expect that the market will likely set its sights on S&P 500 inclusion for MicroStrategy in 2025 following the Nasdaq-100 inclusion. Further, the brokerage also sees the company’s prospects continuing to improve next year, and…
Although there have been many speculations and hints about crypto executives meeting with Donald Trump to discuss the upcoming regulations under his administration in the States, Crypto.com’s CEO said he was the first to meet with the president-elect. Almost immediately after posting a picture on X, the price of the native token skyrocketed by double-digits to a ten-day peak. Honored to have a seat at the table. pic.twitter.com/KvK0XyEdYZ — Kris | Crypto.com (@kris) December 17, 2024 In a statement to CryptoPotato, Crypto.com’s chief exec added: “We welcomed the opportunity to meet with President Donald Trump. We look forward to working…
Earlier this week, the SEC sent a Wells Notice to Unicoin, a U.S. crypto investment firm. A Wells Notice is a letter from the agency informing that they plan to sue a person or the company. The controversial head of the Securities and Exchange Commission, Gary Gensler, will leave his post in a month but is still gunning around for crypto before he goes. According to Fortune, the Wells Notice states that the commission will charge Unicoin with fraud, misleading practices, and sales of unregistered securities, but it does not mention specific problems. SEC’s crypto team sent subpoenas to Unicoin…
The Philadelphia 76ers have launched “Spectrum Sprint,” a free-to-play mobile game with Web3 elements, in collaboration with Crypto.com—a team sponsor since 2021. The NBA team’s game features a pixel art vibe, with side-scrolling gameplay that challenges players to navigate iconic Philadelphia landmarks and dash down Broad Street towards the team’s former Spectrum arena. Players can unlock digital collectibles and compete for exclusive prizes across four tiers: Rookie, Pro, All-Star, and Legend. The high-score challenge will reward top players with prizes including courtside seats, invitations to the Sixers Youth Foundation Gala, and a suite for 12 guests during the 2025-26 NBA…
South Korea’s leading crypto exchange, Upbit, has announced updates regarding the listing and trading support of MOCA, now rebranded as Mocaverse (formerly MOCA Network). Trading pairs in KRW, BTC, and USDT markets will go live on December 16, 2024, at 2:00 PM KST. Upbit: Trading for MOCA(Mocaverse) Begins Today According to the official notice, the supported network for trading $MOCA is Ethereum (MOCA-Ethereum). Also note that deposit/withdrawal will start within 2 hours of notice and the trading support begins at 2:00 PM KST. 신규 디지털 자산 모카버스(MOCA) 거래지원 안내 ✅ 지원 마켓: KRW, BTC, USDT 마켓📅 거래지원 개시 시점: 2024-12-16…
Bitcoin bulls regained control after a brief consolidation below $100K. RSI and moving average crossover hint at sustained bullish trends. Bitcoin (BTC) reclaimed the $100,000 milestone, rising 0.51% over the last 24 hours to reach $100,208.88. This price rally has driven Bitcoin’s market capitalization to $1.98 trillion, which accounts for 53.8% of the global crypto market cap. The crypto market as a whole grew by 0.40% in the same period, with its value reaching $3.68 trillion. Despite this rally, Bitcoin’s trading volume over the past 24 hours decreased by 50.80% to $42.22 billion. Whale activity added to the day’s excitement…
Ethereum Foundation offloads 100 ETH for $420,470, adding to frequent sell-offs this year. Vitalik Buterin claims ETH is sold to fund public projects, maintaining reserves for the Foundation. Rising exchange reserves and bearish RSI hint at a possible 12% ETH price decline. Ethereum Foundation doesn’t seem to be stopping as they made another sell-off offloading another 100 ETH on December 17. This isn’t the first time they’ve made such a move last week, raising questions about their strategy. Perhaps ETH co-founder Vitalik Buterin explained why the Ethereum Foundation sells ETH continuously. Ethereum Foundation Sells 100 ETH According to data from…
The crypto industry has experienced a surge in investment, with startups raising over $1 billion from Venture Capital (VC) funds since Donald Trump’s election victory. This influx of capital reflects growing optimism about a more favorable regulatory environment under the incoming administration. Crypto Startups Attract Over $1 Billion in Funding Since Trump’s election victory on November 6, crypto startups have attracted approximately $1.3 billion in funding. DefiLlama data shows that VCs contributed $796 million in November and an additional $511 million in December. The Avalanche Foundation emerged as the largest fundraiser during this period, securing $250 million through a private…