Author: NBTC
An analyst known for correctly timing the 2021 crypto crash is warning that Bitcoin (BTC) is getting close to witnessing a waterfall event. Pseudonymous analyst Dave the Wave tells his 148,300 followers on the social media platform X that Bitcoin is currently testing whether support at around $90,000 will hold. According to the crypto strategist, he expects Bitcoin to mimic its late 2024 price action when it plunged to the 0.382 Fibonacci level before sparking a massive move up. “As expected BTC local lows being re-tested… I haven’t seen that larger washout yet into the lower Fibonacci level that I’m…
The MVRV ratio indicator for Ethereum indicates a favorable entry point ahead of an upcoming bullish trend reversal. The stable trading price of ETH at $2,247.30 and its minimal market movements reveal a market bottom which attracts retail and institutional investors. A combination of high price resistance penetration with rising MVRV values signals an impending substantial price increase according to historical market behavior. The current evaluation of Ethereum’s MVRV indicator indicates the asset holds potential undervalued characteristics which investors can capitalize on. The MVRV ratio shows a current reading that approaches essential boundaries which had triggered substantial price changes for…
Former U.S. Treasury Secretary Steven Mnuchin has stated that he personally would not invest in cryptocurrencies. Mnuchin has also stressed the importance of maintaining a strong U.S. dollar. Mnuchin’s past anti-crypto views During his tenure, Mnuchin emerged as a leading cryptocurrency villain due to some anti-Bitcoin statements. Back in 2019, Mnuchin stated that cryptocurrencies posed a national security threat due to their illicit use cases. Under his leadership, the U.S. Treasury Department proposed introducing draconian know-your-customer requirements for self-hosted crypto wallets, attracting a significant backlash from lawmakers Later, however, he claimed that buying Bitcoin was “perfectly fine.” From skeptics to…
On March 3, 2025, President Donald Trump announced the creation of a U.S. strategic cryptocurrency reserve. This reserve will include major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). Following the announcement, XRP’s value surged from $2.23 to $2.99. But can the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC) could affect everything. Fox Business’ Charles Gasparino pointed out that the case between Ripple and the SEC has big consequences for the future of XRP and the U.S. economy. He believes that if former President Donald Trump doesn’t act soon and the…
Binance’s battle with the Nigerian government has taken a new turn, as users in the West African country are now blocked from participating in airdrop campaigns. Users Told Service No Longer Available Weeks after Binance’s battle with the Nigerian government reignited, users of the cryptocurrency exchange in the West African country are reportedly being blocked from participating in airdrop campaigns. According to a DL News report, Nigerian users attempting to join Binance’s crypto giveaway campaigns have received notices informing them that this service is not available to them. The report quotes some Binance users in Nigeria lamenting what they see…
Bitcoin Suisse, the renowned Swiss platform for trading and custody of digital assets, has recently announced the addition of TON (Toncoin) to its portfolio of available cryptocurrencies. This move marks an important step for TON, highlighting its growing acceptance and legitimacy in the world of cryptocurrencies. The history and vision of Bitcoin Suisse Bitcoin Suisse introduces TON: a step forward for the platform Strict selection criteria New opportunities for institutional investors of Bitcoin Suisse Conclusions and future reflections The history and vision of Bitcoin Suisse Founded in 2013, Bitcoin Suisse is one of the most historic platforms in the cryptocurrency…
Bitcoin (BTC), the world’s leading cryptocurrency, has taken a significant hit, dropping below $91,000 as of February 25, 2025. From macroeconomic uncertainties to market-specific dynamics, several factors are contributing to why Bitcoin is falling and why its price is down today. In this article, we’ll break down the latest insights and explore the reasons behind Bitcoin’s current struggles. Especially since the price has reached its lowest level in three months, and some experts suggest that it may soon drop to around $70,000. Why Is Bitcoin Price Falling? As of today, Bitcoin (BTC) has fallen over 4.5% in the past 24…
Ethereum, the second-largest cryptocurrency by market cap, has faced significant challenges in the current crypto cycle. However, new initiatives could pave the way for a potential recovery, according to a recent investor note from VanEck. VanEck’s Head of Digital Assets Research Matthew Sigel and Senior Digital Assets Analyst Patrick Bush highlighted Ethereum’s declining market position in their report. “Ethereum has struggled in the current crypto cycle, both in terms of usage and asset valuation,” the analysts wrote, adding: “This decline is largely due to the erosion of the fundamental factors that once made Ethereum valuable.” While rival networks like XRP…
Coinbase is renewing its effort to tokenize its own stock $COIN as part of a broader push to bring security tokens to the US market, an initiative it first attempted in 2020 but abandoned due to regulatory hurdles. With a newly formed crypto task force at the SEC, the company sees a renewed opportunity to integrate blockchain-based securities into traditional finance. The crypto exchange company’s Chief Financial Officer Alesia Haas expressed optimism about regulatory developments during the Morgan Stanley TMT Conference. “I now believe that our US regulators are looking for product innovation and looking to move forward,” Haas said.…
Morocco has launched an investigation into residents suspected of using cryptocurrencies to buy properties abroad without approval. Global Exchanges Fingered The Moroccan Foreign Exchange Office has reportedly launched an investigation into residents suspected of buying properties abroad using cryptocurrencies. Officials are also interested in understanding the role of global real estate companies that employ Moroccan intermediaries in property marketing. According to a local report, the probe is examining purchases of high-value real estate by Moroccans holding residency permits in other countries. These transactions are said to be facilitated by unnamed cryptocurrency exchange platforms that provide anonymity and privacy protection. Under…