Author: NBTC
Julien Bittel, head of macro research at Global Macro Investor (GMI), has stated that Bitcoin’s structure looks similar to the one from 2019. Back then, the leading cryptocurrency by market cap was stuck in “a consolidation range.” This year’s Bitcoin price structure is starting to look eerily similar to 2019…Take a close look at the chart – it’s almost a perfect fractal of what we saw back then.Bitcoin has been stuck in a consolidation phase, and interestingly, just like in 2019, this consolidation… pic.twitter.com/8p6tDTIBoL — Julien Bittel, CFA (@BittelJulien) September 7, 2024 So far, this consolidation phase has lasted exactly…
ETH/BTC drops below a 3-year low, as Ethereum continues to slump against Bitcoin, with Michaël van de Poppe highlighting a potential support zone. Ethereum’s exchange rate against Bitcoin has experienced a significant decline, recently dipping below 0.037 on October 25—its lowest level since April 15, 2021. Market data shows a 30% drop in the ETH/BTC rate since July 1 this year, reflecting a major downturn in Ethereum’s performance compared to Bitcoin. Analysis Shows Key Support Levels Michaël van de Poppe, CEO of MN Consultancy, has observed this bearish trend in the ETH/BTC pair, calling a capitulation on Ethereum. His analysis…
The Token2049 conference in Singapore attracted some of the biggest names in crypto, and some of them, unsurprisingly, took the opportunity to pump their own bags. According to some attendees who watched Arthur Hayes’ speech at the conference on Wednesday, the ex-BitMEX CEO took nearly 30 minutes of stage time to promote one of his favorite crypto projects, Pendle. On Friday, he sent over a million dollars of Pendle to his accounts at Binance and ByBit. Because centralized exchanges like Binance and ByBit commingle customer assets together, preventing absolute confirmation of what occurred, many people interpreted the transfer as an…
Coinbase CEO Brian Armstrong has publicly endorsed David McCormick, the Republican Senate candidate running for a seat in Pennsylvania. Armstrong’s strong support for McCormick aligns with Pennsylvania’s recent passage of the Bitcoin Rights Bill. On October 23, Pennsylvania’s House of Representatives passed HB-2481, making it the latest state to clarify digital asset regulations. In an X post on October 25, Armstrong stated, “Now let’s elect Dave McCormick for Senate to protect our rights at the federal level.” Nicely done Pennsylvania – now let’s elect Dave McCormick for Senate to protect our rights at the federal level. https://t.co/ds9ORbTsXE — Brian Armstrong…
Digital artist Mike “Beeple” Winkelmann broke records in 2021 with the sale of his NFT artwork “Everydays: The First 5,000 Days,” which sold for $69.3 million at auction. Since then the fervor around NFTs has cooled substantially, with trading volumes plunging by over 90%. Mike Winkelmann, aka Beeple, and Tim Marlow OBE. Image: Decrypt Speaking last week at an on-stage interview with the chief executive of the Design Museum, Tim Marlow OBE, at London’s Royal Academy of Arts, Beeple reflected, “It’s crazy to me to think about those times, because NFTs have been hated for so much longer than they…
A crypto trader purchased 2,379 Wrapped Ether (WETH) worth $5.9 million in a series of strategic moves. And, in over 40 minutes, they acquired a total of 7,428 WETH at an average price of $2,477 per WETH. While this demonstrates the potential rewards of careful planning, experts warn against blindly copying large traders without understanding their strategy. 「波段胜率 83% 的聪明钱」时隔十天重出江湖👊过去半小时他以均价 $2471 买入 5049 枚 WETH，价值 1248 万美金，正式开启第 13 次波段！而他在 09.29 以均价 $2660 建仓的 10090 ETH 中还有 5117.5 枚未卖出，目前浮亏 93.6 万美金截止目前他的战绩是 12 战 10 胜，每轮波段详情如图所示 https://t.co/To1CGuBBGb pic.twitter.com/xAxJ8bJle1 — Ai 姨 (@ai_9684xtpa) October 25, 2024 In a volatile market, the trader’s methodical…
Amid growing volatility and downward pressure in the cryptocurrency market, a new Bitcoin (BTC) price prediction has surfaced. Digital asset investment firm 10x Research suggests that Bitcoin’s value could drop to $45,000. In the firm’s report, Markus Thielen, Head of Research, outlines several factors supporting this forecast. BeInCrypto further explores this possibility by analyzing key on-chain metrics in its assessment of Bitcoin’s current outlook. Key Reasons for the Adjustment in Bitcoin Forecast Bitcoin price currently trades below $55,000 despite hitting a new all-time high of $73,750 in March. According to 10x Research, this significant correction was expected due to changes…
Lido, a well-known liquid staking protocol, is about to revolutionize the logic of Ethereum’s Proof-of-Stake through a major crypto update. The project has just released the Community Staking Module, which allows anyone to become a network validator by committing only 2.4 ETH. Until today, to run a validator node on Ethereum, 32 ETH were required.This solution makes access to consensus easier, potentially bringing more decentralization within the network. Let’s see all the details below. Lido activates the Community Staking Module on Ethereum’s crypto ecosystem: validators with 2.4 ETH The current entry barrier for validator nodes at 32 ETH Lido still…
has had a great week, gaining 35% in that time. The biggest gainer in the space, however, is First Neiro on Ethereum, which has surged 1,900% in the past week. Back to Floki: the token’s developer team has revealed that it intends to make a big announcement regarding its marketing efforts on Tuesday next week. Dear Vikings,#Floki will have a marketing announcement on Tuesday, September 24, at 4PM (UTC). Venue: $FLOKI X Spaces. Set your reminder to make sure you don’t miss it 👇https://t.co/Q8Weo8u0CT — FLOKI (@RealFlokiInu) September 19, 2024 Floki is no stranger to grand marketing moves. Starting in…
The U.S. Securities and Exchange Commission (SEC) requests a 2025 deadline for filing its main appeal brief in its lawsuit against Ripple. Prominent defense lawyer James Filan shared a screenshot of the SEC’s request on X yesterday. The SEC submitted the motion to Catherine O’Hagen Wolfe, the clerk of the Court of Appeals for the Second Circuit. Per the filing, the commission requests that January 15, 2025, be set as the deadline for filing its principal brief. The request comes a week after the SEC filed its pre-argument statement detailing the issues it seeks to appeal in the Ripple ruling.…