Author: NBTC
10x Research CEO Markus Thielen, who knew about Bitcoin’s decline to $ 38,000, shared a new analysis. Referring to his January report in which he described the downward trend in Bitcoin as over and the 43,800 level as a critical breakout level that could quickly move it to 48,000, Thielen evaluated whether it was time to sell BTC in his new report. The analyst, who stated in his other reports that February was in an upward trend and that 52,000 could be reached in his analysis, said that in February, according to historical data, there is a 70% probability that…
NodeMonkes NFT price jumps by over 25% in the last 24 hours. The collection’s market value hits $565 million, ranking it third among NFTs. Surpasses Pudgy Penguins and MAYC, trailing only behind CryptoPunks and BAYC. In a remarkable display of market dynamics within the NFT space, the Bitcoin-based NFT collection NodeMonkes has witnessed an impressive surge in its price over the past 24 hours. The price of each NodeMonke has climbed by more than 25%, reaching 0.89 BTC, which is approximately $56,500 at current exchange rates. This significant price increase has propelled the collection’s market value to a staggering $565…
Offering a unique insider perspective, David Choi chronicles his encounter with arguably the most notorious trade in crypto’s history. Unpacking the ‘Widowmaker Trade’ That Upended the Crypto Industry In the annals of cryptocurrency’s roller coaster history, 2021’s so-called ‘widowmaker trade’ stands out for many reasons, including the amount of veterans it caught by surprise and the number of entities like Three Arrows Capital (3AC), Blockfi, and FTX that ultimately were undone by it. David Choi, an angel investor, MEV sniper and former crypto fund manager, shared a fascinating insider’s account in a thread on X, detailing his journey through the…
The ecosystem of Floki has recently demonstrated remarkable technological utility and demand, as evidenced by the burning of 7,369,216,304 $FLOKI tokens for approximately $1,120,120.88. A week-long token burning of this magnitude demonstrates that Floki is committed to developing a deflationary token model that distinguishes it from other meme-based cryptocurrencies, including $PEPE, $WIF, $SHIB, and $DOGE. The Floki token’s inherent deflationary nature dictates this course of action, which is, without a doubt one of the most notable aspects of Floki’s development voyage. At the same time, its utility products remain in demand; thus, they are permanently removed from circulation. The significant…
In a thrilling turn of events, ID, the native token of the Space ID platform, echoed a torrent of speculative buzz across the global crypto horizon on Friday as the token’s price surged phenomenally over the past 24 hours. Amid the token’s phenomenal surge, a trader appears to have offloaded 5 million ID, worth $3.1 million, to Binance, a prominent cryptocurrency exchange. Meanwhile, the token’s recent listing on UpBit, a South Korean crypto exchange, appears to be fueling the ID price upswing. Following this, the trader’s colossal dump to Binance birthed additional inferences for the token, garnering noteworthy interest among…
As of Feb. 12, 2024, bitcoin displays a robust upward momentum across several charts, underscored by its sharp ascent from $47,593 to $48,814 on Sunday. On the subsequent Monday, bitcoin’s market value reached $939 billion, with a trading volume of $21.57 billion for the day. Currently, the upward trend pauses, with the price dipping below the $48K mark in Monday’s early trading hours. Bitcoin Presently, BTC’s 1-hour chart presents a vivid picture of volatility, with price swings suggesting a consolidation phase post a significant bullish movement. The appearance of a large bullish rise, followed by smaller alternating drops, points towards…
Ethereum Price Prediction: Ethereum, the second-largest cryptocurrency, currently shows a lack of bullish momentum contrary to the generally bullish sentiment around Bitcoin spot ETFs. The ETH price has been resonating between the $2400 and $2140 horizontal levels for the past five weeks, with the overhead supply preventing the buyers from a higher rally. Will potential approval from the US SEC bolster the Ether price to escape this uncertainty? $2400 Breakout Will Trigger a Direction Rally A steep support trendline leads to the current recovery trend in the ETH price. A potential recovery may face new resistances at $2680 and $3000…
In 2023, the top ten Web3 projects collectively raised $1.78 billion in funding, a figure which is 70% lower than the $5.87 billion raised in the previous year, the findings of a new study have shown. The findings also show that Web3 projects were able to attract $9 billion in capital with infrastructure projects accounting for 36.5% of the total. Most Capital Raised in the Latter Half of 2023 According to a study conducted by the crypto exchange Binance, venture capital investments in the top ten Web3 projects saw a significant downturn in 2023, with only $1.78 billion raised. This…
Bitcoin price was stronger during the weekend, achieving the highest weekly close in more than two years. There was another swing to the $48,800 resistance wall on Monday morning (Asian business hours) followed by a rejection, pushing BTC price below $48,000. Optimism Builds For A Bitcoin Price Pre-Halving Rally Although trading at $47,800 during American business hours on Monday, Bitcoin has the potential to reverse the trend northwards eyeing areas above $50,000. That said, traders would be looking out for a four-hour close or acceptance above the importance hurdle at $48,500, where BTC could launch an attack on $50,000 resistance…
Ethereum has been increasing in the past day in the hopes that an ETH ETF might be next in line on the SEC’s agenda. Meanwhile, the probability of a further bullish continuation seems to remain high, considering what the charts are demonstrating. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been trapped between the $2,100 and $2,400 levels over the last month. A breakout from either side of this range can determine the trend’s short-term direction. A bearish breakout would likely result in a decline toward the 200-day moving average, located around the $1,900…