Author: NBTC

An X user boldly declared Bitcoin is going up forever along with a hyperbolic chart, hinting at forecasting Bitcoin’s exponential growth. The post attracted a lot of attention and many supporters of Bitcoin agreed that the cryptocurrency has a bright future. Peter Schiff, a well-known critic of Bitcoin, quickly weighed in saying posts like this are yet another reason to sell Bitcoin. As always, a lively discussion after Schiff’s remark occurred. In response, the original poster shared an earlier tweet from Schiff from 2018 in which Schiff cautioned against purchasing Bitcoin at $3,800 stating that it might drop even lower.…

The situation has started to get worrisome for XRP as selling pressure is increasing. The XRP price is also significantly down today as bears have taken control of the market. The more troubling thing is that XRP is one of the most poorly performing coins in the last few days. Coins like Bitcoin (BTC) also faced declines, but not major ones compared to XRP. Amid this negative situation, XRP whales seem to be losing hope as they increase selling pressure. Crypto tracking service Whale Alert has detected three huge XRP transfers to top crypto exchanges. These potential sales have injected…

A U.S. bankruptcy judge has approved the reorganization plan of collapsed cryptocurrency exchange FTX, marking a major milestone two years after it collapsed amid allegations of fraud and abuse. Delaware District U.S. Bankruptcy Court Judge John Dorsey approved the plan at a hearing today, setting the stage for distributing funds to creditors. Under the approved plan, 98% of creditors will receive at least 118% of their claims in cash. 94% of creditors in the “dotcom customer claims” class, representing approximately $6.83 billion in claims, voted in favor of the reorganization plan. Despite the approval, the plan has faced criticism from…

With decades of trading experience dating back to the 1970s, veteran trader Peter Brandt has recently published an outlook that examines Bitcoin’s performance relative to gold, drawing attention to a bullish technical pattern that could signal a major price spike for Bitcoin (BTC). This pattern often signals a big market reversal, suggesting that the first cryptocurrency could soon surge against the precious metal. At the heart of Brandt’s analysis is a detailed look at the key elements within this inverted head and shoulders pattern: The neckline is at 32.5, the left shoulder low is at 14.2, and the right shoulder…

X Empire, a tap-to-earn Telegram game inspired by Elon Musk, has officially launched its Chill Phase, a new initiative aimed at rewarding its community with an additional 34.5 billion $X tokens, representing a 5% increase in the total token supply allocated for distribution. This exciting phase will last for two weeks, resetting all in-game characters and creating a fresh environment for existing users and newcomers. What is X Empire’s Chill Phase? The new Chill Phase will allow the users to tap on its avatar and unlock upgrades. However, all the progress made by the players has been reset and in…

Bancolombia is advancing its efforts to integrate cryptocurrency into everyday transactions with the introduction of the WeniaCard, a digital payment solution linked to its Wenia crypto platform. This new card will allow users to utilize their digital assets at any merchant accepting MasterCard, marking a notable step in the evolution of cryptocurrency use in Colombia. The WeniaCard will operate as a fully digital payment method, enabling users to conduct transactions seamlessly through popular mobile payment applications like Apple Pay and Google Pay. CEO Pablo Arboleda indicated that this approach aims to provide a convenient and secure method for users to…

Commodity trader Peter Brandt has weighed in on the Bitcoin/gold ratio, predicting that it could surge to 123. Such a target implies that the Bitcoin price could possibly surge to around $300,000. When I look at chart of Bitcoin/Gold ratio, here is how I view it: $GC_G $BTC $BTCXAU1. Continuation inverted H&S pattern, neckline at 32.5 to 12. Left shoulder low at 14.2 to 13. Right shoulder forming flag4. Could decline into high teens to 15. Target 123 to 1 pic.twitter.com/VKvsDqwkuU — Peter Brandt (@PeterLBrandt) September 21, 2024 Brandt’s apparent bullishness is based on the inverse head-and-shoulders (iH&S) pattern that…

Recently, a group of brawlers triggered Shiba Inu (SHIB) marketing lead LUCIE, forcing her to state that she would defend the ecosystem. Per her X post, she addressed these critics’ concerns about fraud. SHIB price driven by community and market forces First, LUCIE noted that the token contracts for SHIB, BONE and LEASH have all been renounced. To those propagating the rumors about the platform, she noted that calling the Shib ecosystem a scam is not only wrong. Rather, it makes the critics look like they missed “Crypto 101.” Fudders Gonna Fud: Why Calling the Shib Ecosystem a Scam Makes…

Privacy tokens underwent nearly 60 delistings by centralized exchanges this year, a record since 2021, according to a recent Kaiko report. The report tracked Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash (ZEC). XMR suffered the most delistings, with a 6x yearly increase, while DASH experienced the second-highest number of delistings. According to the report, these delistings are primarily driven by regulatory pressure in various jurisdictions over the past years. Regulatory pressure According to Chainalysis, Japan banned privacy coins’ trading in 2018. In 2020, Australian and South Korean regulators followed this move and started pressuring crypto…

Cryptocurrency analytics firm MarktQuant has identified a clear pattern between Federal Reserve Reverse Repo (RRP) hikes and subsequent Bitcoin price declines. The firm recently explained that after each quarterly Fed RRP hike, Bitcoin experiences a significant drop, typically reaching its full effect approximately 18.2 days later. According to MarktQuant, these Fed liquidity tightening measures appear to directly affect Bitcoin’s price action. Data shows that declines have an average lag of 18.2 days with a standard deviation of 7.7 days, giving traders the opportunity to speculate and adjust their positions. “FED RRP increases consistently lead to BTC declines,” the statement said.…