Author: NBTC

The Ethereum network has experienced a surge in activity over the past week, with a significant rise in daily active addresses and new accounts. However, despite this increase in network activity, ETH price has faced selling pressure, as traders continue to offload the altcoin, raising concerns about its short-term outlook. Ethereum Sees Rise in User Activity, But There Is A Catch Over the past seven days, user activity has spiked on the Ethereum network. According to Artemis’ data, the daily count of unique addresses that have completed at least one transaction on the Layer-1 blockchain has increased by 21% this…

In the past week, meme coins have been on a roll, with shiba inu (SHIB) leading the top five pack, gaining 35.5% against the U.S. dollar over seven days. However, the real standout was MOODENG, the meme token inspired by a baby pygmy hippopotamus from Thailand. The newly launched Solana-based coin hit its all-time high on Friday, climbing to $0.3387. By Saturday, MOODENG was cruising along at $0.3052. Meme Coin Market Booms Meme coins had quite the week, with the market jumping 8% against the U.S. dollar in the last 24 hours. As of noon Eastern Time on Sept. 28,…

As Bitcoin (BTC) grapples with a challenging market environment, it has struggled to regain momentum, hovering around the $53,000 and $60,000 levels for six consecutive weeks. After losing the crucial $70,000 threshold on August 1, the largest cryptocurrency remains at risk of further declines, particularly with the upcoming Federal Reserve (Fed) meeting on September 18, where a 0.50% rate cut could significantly impact its price. BTC’s Future Hangs In Balance Recent insights from crypto analyst Doctor Profit suggest that the market is closely divided, with equal chances—50%—of a 0.25% or 0.50% rate cut. However, Doctor Profit is confident that the…

Ethereum price started a steady increase above the $2,450 resistance. ETH is holding gains and might gain bullish momentum above $2,520. Ethereum started a steady increase above the $2,420 and $2,450 resistance levels. The price is trading above $2,440 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,455 on the hourly chart of ETH/USD (data feed via Kraken). The pair must gain bullish momentum above the $2,520 and $2,550 resistance levels. Ethereum Price Regains Traction Ethereum price formed a base above the $2,350 level and started a fresh increase. ETH cleared…

Bitcoin shows hidden bullish divergence, hinting at a potential rally. Analyst Javon Marks highlights key support and resistance levels to watch. Confirmation of the divergence is crucial for validating the bullish signal. Bitcoin (BTC) may be on the verge of another bullish move, according to crypto analyst Javon Marks. He points out a hidden bullish divergence forming on BTC’s 3-hour (3H) chart. #BTC (Bitcoin)’s 3h Chart confirms a Hidden Bullish Divergence that can be pointing towards another bullish move in the near term! pic.twitter.com/sSEBKtlXoS — JAVON⚡️MARKS (@JavonTM1) September 17, 2024 This technical pattern often signals a potential price increase in…

Ethereum, in the last 24 hours surpassed $2.5K for the first time since October 1. The altcoin’s daily trading volume surged 35.69% as per CMC data. Another week begins with investors still holding strong to their optimism. The community awaits the anticipated bull runs, while the price charts depict modest gains. In the last 24 hours, the overall crypto market has shown increases in both its market cap and trading volume. Notably, leading altcoin Ethereum has transcended its resistance at the $2.5K level in a remarkable move. Meanwhile, the largest cryptocurrency, Bitcoin, has shown gains, attempting to hit $64,000. This…

In a surprising move, a major investor has made waves in the cryptocurrency market by purchasing a staggering 6 million $MOODENG tokens. These major investors are called whales in the world of cryptocurrency. As per Lookonchain data, this particular whale made this mammoth purchase just a few hours ago with 10,156 $SOL which translates to $1.59 million. Crazy buying of #MOODENG!A whale spent 10,156 $SOL($1.59M) to buy 6M $MOODENG at an average price of $0.2655 in the past 8 hours.https://t.co/e6IHotznDt pic.twitter.com/WEwQ7MefZ9 — Lookonchain (@lookonchain) September 28, 2024 $0.2655 Average Price Sparks Interest in $MOODENG Tokens The average price for these…

Founded in 2014, NiceHash is one of the most recognized names in the cryptocurrency industry. As a bitcoin-focused platform, NiceHash provides a complete ecosystem of mining, hashrate, and payment solutions, aiming to accelerate Bitcoin adoption worldwide. The company serves over 1 million miners across 190+ countries and boasts a community of over 500,000 users.—In an exciting development, NiceHash has launched the world’s first firmware tailored specifically for Antminer Kaspa ASICs. These specialized machines are designed for mining cryptocurrency and are finely tuned for optimal performance on the Kaspa blockchain. Unlike regular computers, Antminer Kaspa ASICs are highly efficient tools that…

Whales are actively capitalizing on Bitcoin’s price decline by making significant purchases of the dip. First Digital Lab transferred nearly $80 million FDUSD to Binance, potentially to buy Bitcoin. Bitcoin could fall by another 5% to the $54,000 level if it closes its daily candle below the $57,000 level. Despite bearish market sentiment for Bitcoin (BTC), the world’s biggest cryptocurrency by market cap, it seems that this trend may not last for long. On September 17, 2024, the crypto analytic firm CryptoQuant shared a post on X (previously Twitter) indicating that new whales and Binance traders are actively capitalizing on…

Ethereum is in a crucial phase, with an inverted head and shoulders pattern forming on the daily chart and a double-bottom pattern on the 4-hour chart, both pointing toward the possibility of a slight bullish reversal. The $2.7K neckline and $2.1K support level will be key areas to watch, as a breakout or breakdown will determine the next primary direction. By Shayan The Daily Chart Ethereum is undergoing a descending consolidation phase, with no clear directional bias emerging recently. However, an important inverted head and shoulders pattern has formed near the $2.1K support zone, a critical level where buyers have…