Author: NBTC
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. President-elect Donald Trump has made a lot of promises for his first day in office, to the crypto industry and otherwise. With his inauguration just days away, let’s review some of his vows: Increase tariffs Trump’s proposed tariff plans have made headlines for months. In late November, though, he made a new promise: a 10% increase on China, plus 25% tariffs on Canada and Mexico. The latter two countries quickly signaled they were willing to negotiate. Just this week Trump said that the “External Revenue Service,”…
There has been a massive uptick of interest among noncryptocurrency owners as these “outsiders” look to participate in the action. The soaring interest comes amid a bullish Bitcoin (BTC) run that has seen its price attain historic levels. Record-breaking interest from non-Bitcoin investors Lark Davis, a Bitcoin investor and entrepreneur, highlighted the increasing attention Bitcoin and the entire crypto industry are receiving. In a post on X, Davis noted that the surge in Google searches for “how to buy crypto” has reached a new all-time high (ATH). “How to buy crypto” Google searches just hit an all-time highLooks like retail…
Leading altcoin Ethereum has defied the overall market trend, witnessing a 2% drop in price over the past 24 hours. This comes amid the persistent decline in the demand for the coin. As buying pressure wanes, ETH risks falling below $3000 soon. This analysis has the details. Ethereum’s Demand Loses Steam An assessment of ETH’s momentum indicators on the ETH/USD one-day chart reveals the altcoin’s waning demand. For example, its Relative Strength Index (RSI) is in a downward trend and below the 50 neutral line. As of this writing, its value is 42.61. An asset’s RSI measures its overbought and…
Ahead of Donald Trump’s inauguration as the 47th US president, speculation about a potential “America’s first strategic crypto reserve” is creating a stir in the cryptocurrency markets. A report by the New York Post claimed that Trump was “open” to the idea of a reserve that would include Bitcoin as well as altcoins such as Solana (SOL), Ripple’s XRP, and Circle’s USDC stablecoin. Following the news, Solana (SOL) rose by over 8% to $217, XRP climbed to $3.35 to reach a new all-time high in 2018, and Hedera’s HBAR also rose by over 10% to reach its highest level since…
Brian Q, an expert at on-chain analytics firm Santiment, shared his insights into controversies in retail sentiment in the past seven days. It looks like Bitcoin (BTC) might be disappointing for the crowd, while some old-school altcoins are in the spotlight again. Bitcoin’s (BTC) failure to hit $100K scares retail traders Bitcoin (BTC) social dominance, i.e., the percentage of discussions on social media about BTC, dropped to three-month lows despite the orange coin being one step away from $100,000. Such a surprising chart was shared by Brian Q of Santiment in his newest “Crowd Sentiment Coming Back Down to Earth…
Crypto’s chief political action committee has put money on its picks for the Florida congressional seats vacated by one of President-elect Donald Trump’s closest allies, Matt Gaetz, and the politician Trump tapped as a national security advisor, Michael Waltz. With an extremely tight majority in the House of Representatives, the replacement of the two Florida Republicans is paramount to the party’s political agenda in Congress. Crypto super PAC Fairshake — through its affiliate PAC, Defend American Jobs — has begun spending hundreds of thousands of dollars on pro-crypto names in the special elections set to fill the seats. Gaetz was…
Today, the BTCPay Server Foundation was awarded a $25,000 grant paid directly in bitcoin from Unbank, a cash focused Bitcoin exchange, according to a press release sent to Bitcoin Magazine. The grant will be paid out to contributors working on developing new features, open-source payment innovation, and maintenance of BTCPay Server’s Greenfield APIs and codebase. “Unbank’s support is a testament to the growing recognition of open-source payment solutions in the Bitcoin ecosystem,” said BTCPay Server core contributor R0ckstar Dev. “This grant will help our efforts to enhance BTCPay Server’s capabilities and reach.” Unbank, which has become a leading bitcoin ATM…
Large holders of Ethereum, also called Ethereum whales, have been on an accumulation trend for a while now, with on-chain data revealing a fascinating increase in their collective holdings. Particularly, data from blockchain analytics firm IntoTheBlock shows that Ethereum whales now hold about 43% of the total circulating supply of ETH. The imbalance in ETH holdings raises important questions about its implications for Ethereum’s price and market dynamics moving forward. Whale Accumulation Surges By Over 90% Since Early 2023 According to IntoTheBlock, the total concentration of ETH in whale addresses is currently at 61.09 ETH, which represents about 43% of…
Tether Holdings Ltd. is expanding in the United States after making record profits in 2024 and amid expectations of a more crypto-friendly environment under the new president, Donald Trump. According to a Bloomberg report, Tether invested $775 million into the American video-sharing platform Rumble Inc. Tether CEO Paolo Ardoino sees it as “a great opportunity to start looking at the US environment and how it will change.” However, he remains cautious while waiting and seeing what new laws look like before moving forward. US government bonds dominate USDT’s reserves. Therefore, Tether’s profits have also increased thanks to the combination of…
Polygon Labs CEO Marc Boiron has attributed the network’s struggles with broader adoption in the space to racial prejudice against its co-founder, Sandeep Nailwal. In a Nov. 25 post on X, Boiron suggested that Nailwal’s Indian heritage has led to biases that hinder Polygon’s recognition despite its substantial usage across the blockchain industry. He wrote: “If Sandeep wasn’t Indian, then web3 would have embraced Polygon massively instead of treating it as a second class citizen even when Polygon PoS was more used than all blockchains combined.” When a user in the crypto community argued that Indians had achieved prominent roles…