Author: NBTC
Bitcoin price started another increase above the $58,500 resistance. BTC is back above $60,000 and again struggling to continue higher. Bitcoin is correcting gains from the $61,200 resistance zone. The price is trading above $59,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb again if it stays above the $59,400 support zone. Bitcoin Price Reclaims $60K Bitcoin price remained supported above the $57,500 level. BTC formed a base and started another increase above…
In a surprising turn of events in the crypto sector, an anonymous investor has made significant profits with an investment of just $1,331. As per Lookonchain, a well-known on-chain analytics firm, this investor made a massive amount of up to $9.5M just in sixteen days. The analytics provider announced this event on social media. Turned $1,331 into over $9.5M in only 16 days, a 7,140x return! #MOODENGThis guy spent 9.8 $SOL($1,331) to buy 38.7M $MOODENG on Sept 10 and sold 104K $MOODENG for 112 $SOL($17.9K)today, leaving 38.64M $MOODENG, worth more than $9.5M!https://t.co/gCR15Bjrcc pic.twitter.com/gaMG0BvKdB — Lookonchain (@lookonchain) September 27, 2024 Crypto…
A closely followed crypto strategist thinks that Bitcoin (BTC) is now raring to ignite the next phase of its bull market. Pseudonymous analyst Kaleo tells his 648,200 followers on the social media platform X that Bitcoin is now in a position to launch rallies that will last until the end of 2025. The trader shares an inverse Bitcoin chart suggesting that BTC will hit the trendline of his logarithmic growth curve by next year to soar to his massive price target of around $220,000. “Alright, I’m giving in. Be more [bullish].” Source: Kaleo/X Looking at the trader’s inverse chart, he…
Ripple is integrating XRP into oil trading and cross-border transactions with Saudi banks, opening up a $500 trillion market. The initiative will allow XRP holders to indirectly participate in oil purchases, creating a link between cryptocurrency and traditional commodities. CryptoTradingFund (CTF), which runs on both the XRP Ledger and the Polygon chain, offers a cashback system that rewards users with CTF tokens for crypto transactions, drawing attention for its passive income potential. With this collaboration, Ripple is not only entering the oil trading arena, but is also revolutionizing payment settlements using XRP. Saudi banks are now at the forefront of…
In the last seven days, the Bitcoin market has witnessed an impressive rise of at least 7.1%. Yesterday, Bitcoin broke above the crucial $60,000 level. Today, looking at the daily chart of BTC, what we see is a bullish candlestick. There is no doubt that crypto enthusiasts are keenly watching the new developments with immense hope. A new post made on X by the CryptoQuant founder and CEO has something interesting to share about the new Bitcoin market scenario. Are Whales Accumulating Bitcoin? The post by Ki Young Ju revolves around Bitcoin whale activities. According to the post, Bitcoin whales…
Ripple’s announcement of their RLUSD stablecoin has sparked debate within the crypto community, especially because of the challenges faced by Novatti Payments’ AUDD stablecoin. AUDD was supposed to be listed on both the XRP Ledger (XRPL) and Stellar, but it faced liquidity challenges on XRPL, leading many to wonder if RLUSD will encounter a similar fate. I remember when Novatti Payments wanted to list AUDD on the XRPL and Stellar and it was eventually listed on Ethereum, Stellar and the XRPL. It ended up having no liquidity on the XRPL. Why will RLUSD be different.? I am not sure? https://t.co/uFFJ2wlAmG…
SkyBridge Capital’s Anthony Scaramucci predicts Bitcoin could reach $100,000 by the end of 2024, driven by rate cuts and potential pro-crypto legislation. SkyBridge Capital founder and hedge fund manager Anthony Scaramucci predicts Bitcoin (BTC) will reach $100,000 by the end of 2024, driven by U.S. interest-rate cuts and potential pro-crypto legislation. In an interview with Bloomberg, Scaramucci highlighted that upcoming Federal Reserve rate cuts and bipartisan support for crypto and stablecoin legislation in the next U.S. congressional term could fuel a significant rise in Bitcoin’s value. “We are going to get pro-cryptocurrency, Bitcoin, and stablecoin legislation in the first part…
Shibarium, the Ethereum-based layer-2 scaling solution of the Shiba Inu ecosystem, has printed a major milestone on its mainnet. Per data insights from Shibariumscam, Shibarium’s total blocks have surpassed seven million. Per actual figures, this block count figures comes in at 7,101,728, a milestone breached after the sharp upticks recorded at intervals during the month. Shibarium stats at glance Many metrics define the growth and evolution of the Ethereum layer-2 protocol. Over the past year, its average block time has soared from 4.0 to its current 5.0, proof of slower throughput. However, the total transaction count has been steadily climbing,…
Amid cryptocurrencies like Bitcoin (BTC) becoming more present and relevant in the mainstream, BlackRock (NYSE: BLK), a $10 trillion asset manager and creator of the largest Bitcoin exchange-traded fund (ETF) in the world, has shared its views regarding the maiden crypto asset’s future. Indeed, BlackRock outlined the dynamics of Bitcoin “as it pertains to risk, return, and portfolio interactions, (…) in recognition of the early stage Bitcoin is at in its journey, and the rapidity with which its adoption and understanding by the global investor community is evolving,” in a report called Bitcoin: A Unique Diversifier. How Bitcoin surpassed $1…
With Bitcoin price sustaining above $60,000, bulls target the $66K level amid rate cut speculations. As the BTC price rises above the $60,000 level, bullish sentiments are improving, with rising speculation of a potential rate cut in today’s FOMC meeting. The Bitcoin price currently trades at $60,236, with a minimal intraday move following yesterday’s 3.61% jump. With the chances of a 500 basis point cut in interest rates, will Bitcoin’s head-and-shoulder pattern reach the $66,590 mark? Bitcoin Recovery Teases $61K Break With a recovery run in the 4-hour chart, the BTC price action shows an inverted head-and-shoulder pattern. The recovery…