Author: NBTC
In recent Ethereum transaction news, one ETH whale sold 5,000 ETH for $15.6 million in panic after the price of Ethereum started plummeting. After the $ETH price dropped, a whale panic-sold 5,000 $ETH($15.6M) and requested to withdraw all the remaining 9,817 $ETH($31M) from Lido.The whale bought 14,877 $ETH($42.6M) at an average price of $2,864 on Feb 1 and Apr 24, with a profit of $4M.https://t.co/vwuHUQxEX4 pic.twitter.com/FLI8QqLOKY — Lookonchain (@lookonchain) November 13, 2024 This massive sell-off was witnessed right when the whale launched a request to withdraw an additional 9,817 ETH ($31 million) from Lido, a staking service for Ethereum. This…
Although the high inflation that the FED has been struggling with for a long time has retreated, it is still above the FED’s 2% inflation target. However, the FED has started a rate cutting cycle. At this point, the FED, which initiated the first interest rate cut with 50 basis points in September, made the second cut of 25 basis points in November. While the FED is expected to make a rate cut in December, after yesterday’s inflation data, the probability of the FED cutting interest rates in December is priced in at 82.3%. Before the CPI data, it was…
In October, Cardano (ADA) reached an important milestone, with a huge increase in transaction volume. Recent reports indicate that the network experienced record-high transactions, showing a growing interest in the Cardano ecosystem. This transaction increase demonstrates Cardano’s potential to become a key player in the blockchain space, as it develops its ecosystem and attracts more users and projects. Cardano experiences exponential growth Cardano activity increased due to its Hydra scaling solution and Plutus smart contracts, among other upgrades. According to a post on X, the token’s policies have risen by 3,287, and 60,000 more native tokens were minted in October.…
Bitcoin targets $71K as strong technical indicators suggest continued bullish momentum. Key resistance lies at $69,000 and $70,000, with support around $66,500 and $64,000. External factors like Fed policies and SEC actions may impact Bitcoin’s price movement. Bitcoin’s recent price surge has drawn plenty of attention. With just a few days left in October, the monthly candle looks strong, hinting at a possible run to $71,000. Bulls seem in control, pushing prices above key technical levels. But can this momentum last, or will resistance hold the line? #Bitcoin Next Target: $71,000 🎯🚀The monthly candle is looking strong with just a…
Ethereum is still struggling to reach its March high of $4,000, let alone the all-time high of $4,891 in November 2021. Ethereum’s (ETH) on-chain movements along with its decentralized finance sector have remained strong while the leading altcoin is seeing high price volatility amid market turbulence. ETH briefly touched a four-month high of $3,444 on Tuesday, Nov. 12. Following the price drop from its local high, the king altcoin has been consolidating between $3,120 and $3,290 over the last two days. ETH price | Source: crypto.news While Ethereum is still down by 34% from its ATH, its fundamentals remain strong.…
Billionaire venture capitalist Chamath Palihapitiya says Bitcoin (BTC) is cementing its role as the ultimate asset that protects investor capital against inflation. In a new episode of the All-In Podcast, the Social Capital CEO and early Bitcoin investor says BTC is positioned to usurp gold as the top inflation hedge. Palihapitiya says it would be imprudent for Bitcoin investors to time the market as he sees BTC serving a unique purpose for the next century. “I think you can’t trade these things, and any attempt to do it is probably a level of false precision where you’re going to lose…
With crypto markets buzzing this week, non-fungible token (NFT) sales followed a similar trajectory, climbing an impressive 90.74% compared to the previous week. Ethereum and Bitcoin NFT Collections Fuel a $179M Weekly Bonanza From Nov. 9 to Nov. 16, NFT sales totaled $179.48 million, as reported by cryptoslam.io. Ethereum NFTs took the lead among 21 blockchains, amassing $67.72 million in sales over the seven-day period—126.79% higher than last week’s figures. Bitcoin-focused NFTs secured the second position with $59.96 million in sales, representing a 129.22% boost. Solana-based digital collectibles rounded out the top three, recording $24.39 million in sales, up by…
Former Goldman Sachs executive Raoul Pal thinks Ethereum (ETH) is primed for big gains. In a new YouTube video, Pal tells his 143,000 subscribers that ETH’s current chart is playing out similarly to Bitcoin’s between 2011 and 2019. “Ethereum now versus the previous periods is following the last in Bitcoin. Now whether it gets to the target here of $20,000/ETH, who the fuck knows. Doesn’t really matter. But directionally, we’ll see what happens. ETH should accelerate from here, and I’m pretty confident that it will.” ETH is trading at $3,209 at time of writing. The second-ranked crypto asset by market…
Sol Strategies (HODL), a crypto investment firm led by Leah Wald, the former boss and co-founder of Valkyrie Investments, bought four validators for nearly $18 million in cash and shares. The Toronto-based firm, formerly known as Cypherpunk Holdings, will buy the validators from Cogent Crypto, a high-performance validator operating within the Solana ecosystem, according to a statement on Thursday. The total value of the investment is nearly $18 million, broken into three tranches: $1 million cash and about $1 million in company shares at the closing of the deal, and the rest distributed over three years in shares, Sol Strategies…
The widely-tracked copper-to-gold ratio continues to slide in the wake of China’s stimulus announcements, offering negative cues to risk assets. BTC’s best years have been characterized by copper’s outperformance relative to gold. From the increasing probability of pro-crypto Republican candidate Donald Trump winning the upcoming U.S. presidential election to expectations for Fed rate cuts, bitcoin (BTC) bulls have several things to cheer about. However, the widely-tracked copper-to-gold ratio, continues to slide, flashing a red signal for risk assets, including cryptocurrencies. The ratio, which represents the division of price per pound of copper by per ounce price of gold, has hit…