Author: NBTC
Bitcoin (BTC) has been trading within a narrow range for the past few weeks, failing to steady above the $100,000 mark since the beginning of the year. According to a crypto analyst, this price stagnation could be attributed to the significant decline in Bitcoin network activity. Bitcoin Sees Decline in Network Activity In a recent report, pseudonymous CryptoQuant analyst Yonsei_Dent found that the decline in activity on the Bitcoin network is responsible for its price consolidation in recent weeks. Dent assessed Bitcoin’s active address count and found that a “death cross” has formed between its 30-day moving average (30DMA) and…
On January 21, Solana apps accounted for 73.3% of all crypto app earnings within the day, significantly outpacing networks like Binance Smart Chain (BNB) and Ethereum. The blockchain’s app revenues have been recording highs since the second half of 2024. According to data from decentralized apps aggregator DefiLlama, SOL apps’ dominance saw competitors Binance Smart Chain (BNB) and Ethereum secure only 9.44% and 6.46% of daily earnings, respectively. 🚨BREAKING: @Solana apps hit a new milestone, capturing 73.3% of all crypto app earnings in a single day.– BNB: 9.44%– Ethereum: 6.46% pic.twitter.com/Ras6z72SlV — SolanaFloor (@SolanaFloor) January 22, 2025 Ethereum’s app ecosystem…
The U.S. Securities and Exchange Commission (SEC) will hold its first closed meeting since Mark Uyeda took over as acting chair. The meeting, scheduled for Thursday, will involve commissioners, the counsel to the commissioners, the commission’s secretary, and recording secretaries. The topics on the agenda include the institution and settlement of injunctive actions, administrative proceedings, litigation claims resolution, and other matters related to examinations and enforcement. This meeting comes shortly after Judge Torres’s recent decision in the case involving the SEC and Ripple. The court ruled that certain distributions of XRP do not count as securities since there was no…
Cryptocurrency analytics firm Alphractal has shed light on a unique on-chain metric called Alpha Price, which it describes as a “powerful” tool for identifying Bitcoin’s support and resistance zones. “The powerful on-chain metric Alpha Price is drawing support and resistance zones like magic. Currently, Bitcoin is approaching the second upper line, which has prevented the price from exceeding it consistently since December 2024,” Alphractal said in a statement. Alphractal argued that the Alpha Price model is reliable in flagging Bitcoin’s price movements and predicting key trading opportunities. The Alpha Price metric analyzes the profitability of Bitcoin’s short-term holders (STHs) and…
XRP community members suggest a potential settlement in the Ripple lawsuit could be on the horizon as the U.S. SEC schedules its first closed-door meeting under new leadership. FOX Business journalist Eleanor Terrett called the public’s attention to the upcoming SEC closed-door meeting slated for January 23. According to Terrett, this will be the first closed-door meeting the SEC will hold since pro-crypto Republican commissioner Mark Uyeda assumed acting chairman following Gary Gensler’s resignation on January 20. 🚨NEW: The @SECGov will hold its first closed meeting since @MarkUyedaUS took over as acting chair on Thursday. On the agenda: pic.twitter.com/WMDHzWQIeY —…
Bitcoin gained more than “every asset class” over the course of 2024, according to a new report, undoing correlation with equities, gold, and the U.S. dollar in the fourth quarter thanks to a late-year price surge. Research released by New York Digital Investment Group shows that in Q4 2024, Bitcoin broke away from major assets following the election of Donald Trump in November—but it could still move back in line with them. Bitcoin has often moved in line with U.S. equities—particularly tech stocks—as it is considered by many to be a “risk-on” asset. It has also typically done well in…
Among the most vocal critics of TRUMP, the controversial and wildly popular memecoin launched by Donald Trump on the eve of his 2025 inauguration, are the very crypto enthusiasts he may have hoped to court. The TRUMP coin, launched on Jan. 17, saw a dramatic price surge, climbing from $7 to an all-time high of $75 within 24 hours before settling at $38. While the token’s volatile trajectory has minted a few overnight millionaires, it has also drawn sharp criticism from industry insiders. Two days after TRUMP’s debut, MELANIA, a coin endorsed by First Lady Melania Trump, entered the market.…
The U.S. Securities and Exchange Commission is scheduled to hold its first closed meeting since the departure of Chair Gary Gensler. The meeting will focus on the institution and settlement of injunctive actions and administrative proceedings as well as the resolution of litigation claims among other matters. As reported by U.Today, the regulator watchdog is rumored to ditch some non-fraud cryptocurrency enforcement actions. Commissioner Mark Uyeda took over the agency earlier this week, becoming its acting chairman. Stuart Alderoty, Ripple’s top lawyer, previously said that he expected the new administration to drop the ongoing appeal case against the company. The…
Sonic Labs, formerly Fantom, has announced that Chainlink’s cross-chain interoperability protocol is live on the Sonic mainnet. The integration of Chainlink (LINK) with Sonic allows developers to leverage the features and benefits of the oracle network’s infrastructure. According to an announcement, developers can now use the technology to build and deploy decentralized applications accessible on Sonic and other blockchain networks. Along with CCIP, Sonic Labs has adopted Chainlink’s Data Streams and Data Feeds. This development follows Sonic’s participation in the Chainlink SCALE program in September 2024. “Developers in the Sonic blockchain ecosystem asked for Chainlink, and we’re thrilled that it’s…
BTC dominance reflects Bitcoin’s market strength compared to altcoins. A drop below 52% signals potential altcoin season and capital shift. Resistance at 58% limits Bitcoin dominance, while support at 56% suggests market indecision. Bitcoin dominance plays a crucial role in shaping crypto market trends. This metric measures Bitcoin’s share of the total market. Recent shifts in Bitcoin dominance suggest a possible altcoin rally. An impulsive drop followed by corrective lower highs signals potential changes. Investors tracking these movements can gain valuable insights. Ignoring such shifts could mean missing out on key opportunities. Alt season aheadI dont use the BTC.D chart…