Author: NBTC
Ethereum’s price has been dropping over the last couple of weeks following a decisive rejection from a significant resistance level. Yet, there are several support levels nearby. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been forming a large ascending channel over the last year. It has recently tested the higher boundary of the channel, which coincided with the $2,750 resistance level and failed to break above. The resulting rejection has been gruesome, and the market has even fallen below the $2,400 support zone. With the Relative Strength Index showing values below 50%, the…
Coinbase and Ripple are among the largest donors to a super PAC that aims to support pro-crypto politicians, Bloomberg reported on Jan. 31. Coinbase has contributed $24.5 million to Fairshake, PAC spokesperson Josh Vlasto told Bloomberg. Coinbase CEO Brian Armstrong has also personally given $1 million to the PAC. Those donations make up about one-third of the $85 million that Fairshake has raised to date, according to the report. Vlasto additionally told Bloomberg today that Ripple has donated $20 million to Fairshake. Two VC firms — Andreessen Horowitz (a16z) and Electric Capital — have donated $20 million and $500,000 respectively.…
DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, attracts attention with its altcoin purchases. But this time the situation is different. This time, the investment was not made by DWF Labs, but by its founder Andrei Grachev. At this point, Lookonchain announced that the founder of DWF Labs purchased PROM. Quoting DWF Labs founder Andrei Grachev’s post, Lookonchain announced that Grachev received 49,965 PROM. “DWFLabs founder spent 500k USDT to buy 49,965 $PROM at $10 30 minutes ago” Grachev said, “I made my first investment in a crypto project on…
According to data from Lookonchain, an on-chain analytics platform, Ethereum (ETH), whales have withdrawn roughly $64.2 million worth of ETH from major exchanges. This significant movement of funds coincides with a notable uptick in the price of ETH, indicating an increasing interest in the asset. Ethereum Whales Movement Signals Confidence According to Lookonchain’s findings, much of the ETH supply has been shifted from exchange wallets to custodial wallets. The on-chain analytics platform reported that an Ethereum address labeled 0x8B94 had withdrawn an amount of 14,632 ETH, valued at approximately $45.5 million, from Binance. Lookonchain states these funds have been actively…
Billy Markus, one of the two creators of the original meme cryptocurrency Dogecoin has unveiled how much Bitcoin he holds in a recent tweet. He also jokingly stated what he will do if the world’s flagship cryptocurrency hits the much-anticipated $100,000 price mark. On Twitter/X and other social media, Markus goes by the alias “Shibetoshi Nakamoto.” Here’s how much Bitcoin Markus holds In a tweet published on Valentine’s Day, the creator of the code for Dogecoin, Billy Markus, said that he intends to do if Bitcoin eventually hits $100,000 – he will “celebrate by getting dinner at olive garden.” if…
Pudgy Penguins, the NFT collection-turned-intellectual property brand, is launching a .pudgy top level domain through a partnership with Unstoppable Domains. .Pudgy domains can be purchased via the Unstoppable Domains website or a landing page designed by Pudgy Penguins, the team said in an interview. In a couple months, Pudgy Penguins hopes to integrate a feature whereby the accounts created with store-bought Pudgy Penguins create digital wallets with .pudgy domains rather than typical alphanumeric HEX addresses, the team added. Read more: Pudgy Penguins CEO’s advice to Web3: Create ‘real products’ that ‘transcend’ NFTs Following the collection’s acquisition by Luca Netz in…
Ethereum recently had a relief rally but is still facing a significant technical barrier. It could see a 30% price swing, depending on whether bulls or bears take control. Ethereum needs to break above $2,500 and the 100-day average for a bullish trend to materialize in 2024. Ethereum mounted a relief rally last week but remains stuck below a significant technical barrier that could determine its next major move. The crypto market’s No. 2 token by market cap faces the prospect of 30% price swings depending on whether bulls or bears claim victory. After sliding within a striking level of…
The global financial information provider, SIX, has launched the new SIX Reference Rate Crypto and SIX Real-Time Crypto Indices, aiming to serve as benchmarks for AsiaNext’s crypto derivatives trading platform and institutional investors worldwide. The financial information provider has introduced a set of indices aimed at enhancing crypto trading. The new SIX Reference Rate Crypto and SIX Real-Time Crypto Indices promise to offer unprecedented transparency and reliability in the crypto market. These indices cover major crypto assets like Bitcoin and Ethereum, providing a comprehensive overview of the market’s performance. Dr. Christian Bahr, the Head of Index Services and Financial Information…
Popular Dogecoin wallet MyDoge has published a post on the Twitter/X social media platform to share that today is the 14th anniversary of when the history of the original meme cryptocurrency DOGE started, even before the coin was created and launched in 2013. The history of DOGE, SHIB and several other meme cryptocurrencies started on February 13 – 14 years ago. 14 years ago, on this day @kabosumama uploaded photos of her Shiba Inu dog Kabosu on the internet.Rest is history 💛 pic.twitter.com/fXGPhES6Fh — MyDoge Wallet (@MyDogeOfficial) February 13, 2024 14th anniversary of Kabosu appearing online @MyDogeOfficial tweeted that the…
Ethereum has left Bitcoin in the dust with its latest rally towards $3,100. Here’s whether this run is sustainable based on futures market data. Ethereum Has Separated From Bitcoin With Over 7% Jump In Past Week While Bitcoin has been in consolidation lately, Ethereum appears to have been putting together bullish momentum entirely of its own, as the asset has jumped more than 7% in the past week. The chart below shows how ETH has performed during the last month. The price of the coin seems to have been climbing recently | Source: ETHUSD on TradingView In the last 24…