Author: NBTC
Will the price of Ethereum (ETH) continue its freefall and test the $3,000 mark as Bitcoin (BTC) crashes below $96k? Ethereum has dropped below the $3,500 psychological support as Bitcoin falls under the $96,000 level. As Bitcoin’s market cap dips below $2 trillion, Ethereum is holding on to its $400 billion valuation. In parallel, Ethereum is holding onto the $3,400 support level as the crypto market turns red. Will sellers cause a breach at this level and push for a retest of $3,000? Ethereum Price Analysis Over the past seven days, Ethereum has dropped by 12.44%, reflecting the intense market…
A recent survey by Emerson College has uncovered a notable trend in cryptocurrency engagement among U.S. voters, particularly highlighting the strong inclination of individuals under 40 years old towards digital assets. This data indicates a pronounced generational divide in the usage of cryptocurrencies, suggesting that younger demographics are more actively involved compared to older generations. Contents 1 How Does Cryptocurrency Engagement Vary by Age? 2 Who Are the Primary Users of Cryptocurrency? How Does Cryptocurrency Engagement Vary by Age? The findings reveal a clear decline in cryptocurrency participation with increasing age. Overall, only 20% of registered voters acknowledge investing in…
A crypto whale has sold his entire Dogwifhat (WIF) holdings for Fartcoin (FARTCOIN) tokens. On-chain Lens spotted the new development today and shared it on the X social media. The blockchain analytics platform identified the whale as a trader who bought 368,147 Dogwifhat tokens for 1,299 Solana coins worth $145,000 on February 19, 2024. According to the on-chain metrics tracker today, the trader sold all his WIF holdings worth $1.09 million and bought 1,687,606 FARTCOIN tokens. On-chain analysis shows that the trader made a $952,000 profit in WIF. The transfer signals that investors are now capitalizing on the gains from…
Main Takeaways Binance has recently run a global user survey where 27,230 respondents shared their perceptions of the current state of the crypto market and expectations for 2025. 19.39% of respondents expect more crypto regulation in 2025, while 23.89% anticipate AI tokens to lead the market’s growth, signaling a shift in user perceptions that could lead to greater mainstream adoption and technological innovation. Nearly 45% of survey participants joined the crypto space in 2024, but daily trading remains strong among users, with 31.09% trading regularly. Binance Spot trading tops the list of most-used Binance products, with 25.89% of users actively…
The recent Bitcoin (BTC) spike above $100,000 has elevated the asset to outperform gold by the largest margin in history. Specifically, Bitcoin is now valued at 36.78 ounces of gold per BTC, a historic high against the traditional store of value, according to data shared by Barchart on December 6. The data indicates that from its early years, Bitcoin’s price trajectory has been marked by volatile but meteoric rises. In contrast, gold’s performance has remained steady and relatively flat over the same period, highlighting its traditional role as a safe-haven asset rather than a high-growth investment. While gold has long…
Ethereum’s gas limit may be raised from 30 million to 40 million to lower transaction fees by 15-33%. Supporters of the proposition argue it will boost dApp efficiency, while critics warn it could cause centralization and network strain. Ethereum is in an important debate within its community. The focus is on whether or not to raise the gas limit, the maximum amount of gas that can be used per block. The debate is about reducing transaction fees and improving the network’s efficiency. While the idea of raising the gas limit received support, it also raised concerns about its impact on…
A group of hedge funds that focus on cryptocurrency has seen massive profits in recent weeks. Bitcoin shot up strongly after Donald Trump’s election victory, leading to a price above $100,000. According to the report by Financial Times, the data from Hedge Fund Research shows that hedge funds that used crypto strategies shared a gain of 46% in November, bringing total yearly gains for the niche to 76%. Compared to the rest of the hedge fund industry, these returns were very strong in what would otherwise be a 10% average win. Crypto financial services firm Galaxy Digital was among the…
Global digital banking firm, PDX Global, plans to launch a live test for PDX Beam, a platform that can convert thousands of cryptocurrencies to fiat and deliver cash transactions in seconds. PDX Beam is set to become the first ever end-to-end payment transaction process and crypto-to-cash payments platform for merchants and consumers. PDX Global, the developer company, recently finished a round of testing for the app and claimed it is ready for a live public beta test on Dec. 19. According to the press release received by crypto.news, PDX Beam offers users instant crypto-to-cash settlements directly on the blockchain-based platform,…
Ethereum (ETH) has experienced significant price fluctuations in recent weeks, with bearish pressure mounting amid macroeconomic factors and investor sentiment shifts. At the same time, the U.S. Securities and Exchange Commission (SEC) has approved the first spot Bitcoin and Ethereum combo ETFs, further impacting the crypto landscape. This article delves into the latest Ethereum price movements, key resistance levels, and the potential impact of these landmark ETFs. By TradingView – ETHUSD_2024-12-20 (1M) 1- SEC Approves Spot Bitcoin and Ethereum ETFs The U.S. SEC has recently approved the first-ever spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton. This…
Fly-to-Earn (F2E), a new and upcoming incentive model that rewards users to participate in flight activities, has gained significant traction in the cryptocurrency industry in the recent past. The rising popularity of real-world assets tokenization (RWA) and the gamiFi industry in the recent past has attracted more institutional investors seeking to diversify their crypto portfolios. As of this writing, the RWA space had a market cap of about $19 billion whilst the gamiFi sector had a valuation of about $22.7 billion. With the ongoing mainstream adoption of blockchain technology and web3 protocols, the F2E is expected to grow exponentially in…