Author: NBTC

Bitcoin price gained pace above the $63,500 resistance. BTC tested the $64,800 zone and is currently correcting gains. Bitcoin is correcting gains from the $64,800 zone. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if it breaks the $62,450 support zone. Bitcoin Price Starts Pullback Bitcoin price extended its increase above the $63,500 level. BTC was able to clear the $63,800 and $64,200 resistance levels to…

An Ethereum ICO whale has extended his selling spree to two weeks after offloading 19,000 ETH in the past two days. In this Ethereum news today, an Ethereum ICO participant has continued to massively dump his Ether bag after awakening from a two-year dormancy a few weeks back. Data from on-chain analytics firm Lookonchain shows that the whale has dumped 19,000 ETH, worth $47.54 million, in the past two days. Notably, during the Ethereum initial coin offering in 2015, the wallet received 150,000 ETH at the cost of $0.31 per coin in the Genesis block. Interestingly, the value of the…

Injective processed over $200 million in 24 hours, marking a significant milestone. Injective Altaris brings enhanced scalability and advanced smart contract capabilities. In a tweet, Injective recently announced that it had handled more than $200 million across its native DEXs in the last 24 hours. This milestone is one of the busiest days in Injective’s history, demonstrating the increased acceptance and activity in its ecosystem. INJ, Injective’s native token, also showed positive momentum when the cryptocurrency market recovered overall. At the time of writing, INJ was trading about $16.50, up about 6.38% over the last 24 hours. Injective Altaris: Transforming…

With a month to go before the U.S. election, prediction market Kalshi just got cleared to resume listing its contracts on which party will control each house of Congress. On Tuesday, the U.S. Court of Appeals for the District of Columbia denied a motion by the Commodity Futures Trading Commission to halt the contracts pending the agency’s appeal of the case it lost to Kalshi in a lower court last month. “The Commission has failed to demonstrate that it or the public will suffer irreparable injury absent a stay pending appeal, and therefore its motion for a stay is denied…

Bitcoin nears the critical 200-day SMA, potentially signaling a major price breakout to $70k. Recent institutional interest and Bitcoin ETF approval could fuel another rally. $16.42 million in long liquidations reflects cautious trading near the key price level. Bitcoin is on the edge of a major move as it tests a key level for the third time since August. According to well-known crypto chart analyst Ali Martinez, this level could signal a significant move for Bitcoin, potentially leading to a bullish breakout. The last time Bitcoin broke through this level, it surged to $70,000. Could we see another massive price…

Popular crypto analyst Benjamin Cowen is warning that Ethereum (ETH) could suddenly turn bearish in the last three months of the year. Cowen tells his 861,500 followers on the social media platform X that ETH may be repeating a similar 2016 pattern on the monthly timeframe that could have it seeing red in the fourth quarter. However, he says if ETH follows a similar pattern, it may put up big gains in the first half (H1) of next year. “With ETH going green in September, the 2016 pattern is still tracking. If it continues to play out, it would mean…

After a significant drop yesterday, Bitcoin and the broader crypto market finally recovered remarkably. The recovery extends to the real-world asset (RWA) tokenization segment, with ONDO and PENDLE leading the charge. PENDLE’s 36.5% Surge and Upbit Listing Drive Market Interest According to CoinGecko data, the cumulative market capitalization for the RWA-related cryptocurrencies is $5.76 billion at the time of writing. This figure represents a 0.8% increase in the last 24 hours. ONDO, the native token of Ondo Finance, has surged by 25.04% in the last 24 hours and is now trading at $0.71. However, ONDO’s price has seen a longer-term…

Russia has launched a criminal case against the founders of the anonymous payment system UAPS and Cryptex just days after OFAC imposed sanctions. Russian authorities have opened a criminal probe into the founders of the anonymous payment system UAPS and the cryptocurrency exchange Cryptex, alleging that the group generated over 3.7 billion rubles (around $40 million) in illicit income. According to an Oct. 2 report from Russia’s state-run TASS news agency, the probe, led by Moscow’s Investigative Committee, centers on claims of illegal banking activities, unauthorized access to protected information, and operating an unlicensed payment infrastructure. UAPS, founded in 2013,…

Recent data from CryptoQuant has revealed that Bitcoin may be on the cusp of a significant recovery, supported by key on-chain metrics. Particularly, according to a CryptoQuant analyst under the pseudonym Darkfost, several indicators are reaching crucial support levels, signaling a “potential long-term bullish shift.” These metrics suggest that Bitcoin’s price could experience substantial growth as market sentiment turns more optimistic. Key On-Chain Metrics Pointing To Recovery One of the primary indicators the analyst highlights is the 7-day Simple Moving Average (SMA) of the Fund Flow Ratio. Currently at 0.05, this metric has historically acted as a major support line.…

“7 Siblings” invested $66M in Ethereum during recent market dip. Previous purchases include $129.3M for 56,093 ETH at $2,305 average price. In a remarkable show of confidence amid market volatility, the enigmatic group known as the “7 Siblings” has re-entered the spotlight, amassing significant Ethereum (ETH) holdings worth over $66 million. This latest acquisition of 28,120 ETH comes as part of a strategic buying spree during a recent dip in the cryptocurrency market, reinforcing the group’s reputation as a shrewd investor. The “7 Siblings,” whose identity remains undisclosed, made headlines previously when they capitalized on the sharp market downturn on…