Author: NBTC
The Bitcoin price has had a rocky start to the new week after losing its footing above $52,000 on Tuesday. However, all hope is not lost, as indicators still point to a continuation of this trend. Crypto analyst Tony The Bull has identified an important trend in the Bitcoin chart which could trigger a continuation of the trend back above $52,000. Bitcoin 1-Week Fisher Transform At Crucial Point In an analysis posted on X (formerly Twitter), the crypto analyst shared a chart that showed the Bitcoin Fisher Transform in comparison to price. Most importantly, the chart showed the 1-week Fisher…
Veteran trader Dave the Wave says Bitcoin (BTC) is at a turning point where it may either ignite a parabolic impulse to the upside or finally see a significant correction. The pseudonymous analyst tells his 145,000 followers on the social media platform X that Bitcoin is potentially making a break for $65,000, but could drop to $41,000 if the attempt fails. “Technical short-term target of $65,000 if price can break out of the channel, target of $41,000 if it cannot. Your move BTC.” Source: Dave the Wave/X Looking at his chart, Dave the Wave thinks BTC just broke out of…
Perpetual swaps exchange Avantis opened for trading on Base mainnet Friday, bringing a new approach to the old problem of balancing crypto futures markets that its creator thinks will appeal to retail traders. Avantis is one of the first trading protocols to roll-out natively on Base, the Coinbase-backed layer 2 whose proponents are betting that a close proximity to the centralized exchange giant could potentially help shovel millions of first-time DeFi users into the on-chain world. It seems unlikely that such a crowd would immediately flock to the sort of high-risk leverage trading that Avantis, which offers 75x leverage, says…
Japan Airlines Co., Ltd. (JAL) and Hakuhodo Inc have partnered to develop a joint collection of non-fungible tokens (NFTs). According to a blog post by KOKYO NFT, the initiative, scheduled to launch in February 2024, aims to convert unique experiences from six regions of Japan into non-fungible tokens. 1/ 📣 Hakuhodo and JAL unveil the Second Phase of “KOKYO NFT” 🌐✈️Hakuhodo and Japan Airlines are launching the second iteration of “KOKYO NFTs” this February, a collection of NFTs unlocking 6 unique exclusive local experiences across Japan! 🚀🎉Check the official website… pic.twitter.com/x1gGLPnfJP — KOKYO NFT (@Kokyo_nft) February 5, 2024 According to…
Ethereum Price Prediction: ETH, the leading alternative cryptocurrency, has witnessed a remarkable uptrend, breaking the $2,600 barrier with strong bullish momentum. In the last 24 hours, Ethereum has surpassed this critical level and touched $2,650, marking a significant 5% increase. This growth comes amidst a broader market rally, with Ethereum showcasing solid performance within an ascending channel. The trading volume for Ethereum has seen a dramatic increase, with a reported $22.32 million traded, marking a 222% spike. This uptick in activity has bolstered Ethereum’s market capitalization to $318 billion. Securing ETH’s position as the second-largest cryptocurrency with a 6% rise…
In a three-part Insights series, Ripple unveils the big vision of tokenization. It said that 72% of the more than 1,700 finance leaders who participated in Ripple’s recent global survey expect to explore tokenization within the next three years, cementing the technology’s position as a cornerstone of innovation. The increased interest in and use of tokenization may be traced back to the numerous advantages that blockchain technology provides. Tokenization is reshaping the future of finance, offering the promise of enhanced transparency and increased accessibility.Part II of our tokenization series details how companies are unlocking value and navigating an evolving digital…
BlackRock, a global asset management leader, is stirring interest within the cryptocurrency community by hinting at the potential launch of an XRP-based exchange-traded fund (ETF). Although the firm hasn’t officially confirmed plans for an immediate spot XRP ETF filing, speculation has heightened following cryptic comments from BlackRock CEO Larry Fink and the company’s involvement in other cryptocurrency ETF proposals. The U.S. Securities and Exchange Commission’s (SEC) continued legal battle against Ripple, the company behind XRP, has raised doubts regarding the potential approval soon. You might also like: Bitget Token corrects after reaching all-time high at $1, gains 50% in a…
A crypto investor, Fred Krueger, thinks Ethereum is overvalued at spot rates. Referring to X, Krueger added that Ethereum supporters are “detached from reality” after ETH, the native currency, recently broke above $3,000. The investor pointed to the general declining on-chain activity, fierce competition from alternatives like Solana and Avalanche, for instance, and regulatory uncertainty that makes holding the coin risky. Ethereum Is Slow And Usage Is Shrinking Krueger argues that Ethereum’s on-chain transactions could be faster and cheaper. In the current landscape marked with scalable and low-fee alternatives, either built on Ethereum or existing as independent chains, the chain’s…
Crypto intelligence platform DappRadar says the total value locked (TVL) in the decentralized finance (DeFi) sector surged to a level not seen in over a year. DappRadar notes in a new analysis that total DeFi TVL increased by 7% in January and reached $110 billion, the highest since 2022. TVL refers to the amount of capital deposited within a protocol’s smart contracts and is often used to gauge the health of a crypto ecosystem. DappRadar radar says the jump in overall TVL indicates a “resurgence in the market.” “This surge in DeFi’s TVL is partly attributed to growing optimism about…
Bitcoin Ordinals project Taproot Wizards saw robust uptake for its inaugural “Quantum Cats” digital-art sale on Monday, despite severe tech issues that delayed the planned mint three times last week. With almost two hours left for whitelisted buyers to claim the NFT-like collectibles, at least 2,570 of the series of 3,000 had been claimed, at a fixed price of 0.1 BTC ($4,274 each) – for total revenue of roughly $11 million. Such proceeds would already exceed the $7.5 million that Taproot Wizards raised last year from investors, amid a wave of enthusiasm for the Ordinals inscriptions, sometimes referred to as…