Author: NBTC
Bitcoin has reached a crucial price level and secured an enormous win with a $62 billion surge in open interest that opens the way for further growth, as it is fuel for the asset’s future growth. The price chart of Bitcoin is highlighting a substantial breakthrough from the descending channel, which triggered a move toward $100,000. The 50 and 200 day moving averages are also looking bullish, aligning perfectly, suggesting a positive market continuation trend. The open interest chart, though, looks much more bullish. The record-breaking surge in Bitcoin open interest is clearly showing the market’s desire to recover. The…
Elon Musk promised to slash $2 trillion from federal spending. His quirky “Department of Government Efficiency” (D.O.G.E), commissioned by President Trump, was supposed to trim the fat off America’s bloated budget. But reality and a fragile economy might force him to scrap the project altogether. Now Elon himself has admitted that the goal is a moonshot. Speaking in an interview on X (formerly Twitter), the eccentric billionaire downgraded his $2 trillion goal, saying, “We’ve got a good shot at $1 trillion.” Experts were quick to remind him that even this toned-down goal borders on fantasy. The entire discretionary budget is…
AI-focused cryptocurrencies rallied over the past week following a highly bullish quarterly sales report from Nvidia, which exceeded estimates. NEAR Protocol (NEAR), the largest AI coin by market cap, rose 20% over the past 7 days, trading at $6.67 per coin at press time. Internet Computer (ICP), Bittensor (TAO), FET, and SingularityNET (AGIX) hit gains of 26.4%, 20.6%, 20.4% and 21.7,% respectively in the same period. Meanwhile, other AI tokens such as Qubic (QUBIC), Virtuals Protocol (VIRTUAL), Grass (GRASS), and Livepeer (LPT) recorded much higher gains of 79.5%, 61%, 58%, and 41.9,% respectively. All these gains helped push the total…
Binance has announced plans to integrate Sonic (S) into its ecosystem, allowing users to interact with the token via Simple Earn, “Buy Crypto,” Binance Convert, Binance Margin, Binance Auto-Invest, and Binance Futures. Binance Announces Sonic (S) Integration on Multiple Platforms The services are planned to start on January 16, 2025 and be rolled out gradually. Basic Integration Details Simple Earnings Flexible and Locked Products: Sonic (S) will be available for subscription on Binance Simple Earn starting at 11:00 AM on January 16, 2025. Locked Product Details: Subscription details for Locked Products will be as per the stated conditions of the…
Charles Edwards, a seasoned crypto analyst and Capriole Investments founder, shared a bullish macro forecast for Bitcoin (BTC). It is based on a pattern observed in the last three cycles. Should this play out, we are on the verge of a ballistic run of the largest crypto. Bitcoin (BTC) to go parabolic after $100,000: Expert Bitcoin (BTC), the first cryptocurrency, is about to enter the “parabolic phase” of its price growth. This stage of its ongoing bull run will start once the crypto king hits $100,000 per coin level, top expert Charles Edwards said to his 113,000 X followers. Bitcoin…
Pavel Durov, Telegram’s CEO, announced his bullish stance on the MAJOR token, pledging to hold it for the next decade. Durov received 1% of the total MAJOR supply as a gift from Roxman, the creator of the Major mini app. In a Telegram post, Durov praised Major as “one of my favorite success stories in the Telegram ecosystem.” Launched just five months ago by 27-year-old entrepreneur Roxman, the mini app generated over $10 million in revenue and attracted 70 million users within over 5 months. Major: A Success Story Within the Telegram Ecosystem Durov highlighted Major’s rapid adoption of new…
Instant cryptocurrency exchange Changelly announced today (Thursday) the addition of Revolut’s payment infrastructure to its platform, enabling cryptocurrency purchases for users in the European Economic Area (EEA). The technical integration allows users to purchase cryptocurrencies using Revolut Ramp, expanding the payment options available on Changelly’s platform. Users can access 30 cryptocurrencies using 20 fiat currencies through various payment methods, including cards and Revolut Pay. Michael Hey, the Product Owner of Revolut Ramp “We’re really excited to be partnering with Changelly to help its large user base bridge the gap between the fiat and web3 worlds,” Michael Hey, the Product Owner…
In the latest development, MicroStrategy, which is the largest publicly traded corporate holder of Bitcoin, has witnessed its stock surge by a massive 94% year-to-date (YTD), driven by Bitcoin’s rally above $97,000. Strikingly, with 331,200 Bitcoin on its balance sheet, valued at around $32 billion, MicroStrategy now has an impressive $15.51 billion in unrealized gains. Notably, the rise in MicroStrategy’s stock reflects the increasing integration of cryptocurrencies into traditional finance and growing investor demand for Bitcoin-backed equities. MSTR’s year-to-date performance has outperformed major tech stocks, including Apple by 21%, Amazon by 24% and Tesla by 6%. However, despite its strong…
El Salvador is garnering global praise as it increasingly becomes the pro-crypto and Bitcoin destination for many crypto businesses. In a tweet today, Anthony Scaramucci, founder of SkyBridge Capital, lauded the leadership of pro-Bitcoin President Nayib Bukele in transforming the country’s economy. Scaramucci emphasized the turnaround in El Salvador under Bukele, noting that his “common-sense” and pro-business policies would be studied for decades—if not centuries. He highlighted the stark contrast between the country’s past challenges with crime and its current rise as a burgeoning tech hub. From Crime Capital to Crypto Hub Notably, El Salvador was once one of the…
In a recent tweet, the enigmatic Shiba Inu lead Shytoshi Kusama addressed issues of working with a meme coin to give it utility and then take it to the top five list of cryptocurrencies. He then specified that he was talking about SHIB. Shytoshi Kusama’s intriguing meme coin tweet The mysterious SHIB lead reposted a tweet that contains an AI-generated image. The image shows a painting on an office wall that shows a dramatic scene reminiscent of something religious and/or apocalyptic, full of chaos, with a guy sitting at his desk with similar chaos surrounding him. Shytoshi Kusama used this…