Author: NBTC
Ethereum price started a fresh increase above the $2,580 resistance. ETH is still very far from a new all-time high while Bitcoin is near ATH. Ethereum started a decent increase above the $2,620 zone. The price is trading above $2,580 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,530 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,650 and $2,680 resistance levels. Ethereum Price Climbs Slowly Ethereum price formed a base above the $2,465 level and started a fresh…
In a recent open letter, Paxos CEO Charles Cascarilla expressed concerns that the United States risks falling behind in global finance without adopting stablecoin technology. Addressed to current presidential candidates, Vice President Kamala Harris and former President Donald Trump, the letter warned that outdated financial systems could lead the U.S. into economic decline, describing this potential scenario as a “Rust Belt of financial services.” Cascarilla highlighted the inefficiencies within traditional financial systems, noting that millions of Americans remain unbanked or underbanked despite rapid technology adoption worldwide. You might also like: Kingdom of Bhutan deposits $66m in Bitcoin on Binance Stablecoins…
In a cryptic tweet, major cryptocurrency exchange Gemini hinted at a possible listing of the popular memecoin Dogwifhat’s $WIF Token. The tweet, simply stating “Get wif it,” has been widely interpreted as a nod to the Solana-based meme coin. This potential move by Gemini comes as $WIF continues to see its value skyrocket since its humble beginnings in November 2023. The prospect of a Gemini listing marks another milestone in $WIF’s meteoric rise from obscurity to becoming a billion-dollar meme coin phenomenon. Get wif it https://t.co/qYUSCdMVfF pic.twitter.com/fkdMl08Drf — dogwifcoin (@dogwifcoin) September 17, 2024 Dogwifhat’s Journey: From Pennies to Dollars Dogwifhat’s…
Long-term holders sold early, reducing Bitcoin’s typical post-halving surge. Supply pressures from Mt.Gox repayments and government BTC sales weigh on prices. Analyst Crypto Rover predicts a potential breakout, targeting $100K to $120K. Bitcoin (BTC) has seen a rough time recently, failing to reach its expected all-time high since the last halving. The cryptocurrency’s price has dropped by 10% and currently hovers around $57.2K. This marks Bitcoin’s longest delay in achieving a new peak post-halving, as strong interest rates and supply issues weigh on its price performance. Bitcoin’s Halving Cycle Faces Delay Historically, Bitcoin has shown a tendency to skyrocket after…
With a rising channel on the weekly chart and a short-term spike in buying pressure, will Ethereum cross the $6,000 mark this November? As the crypto market bull run continues and Bitcoin prepares for a new all-time high, Ethereum shows a V-shaped recovery gaining momentum. Positioned to reach crucial resistance near $2,750, Ethereum is on the brink of a significant breakout rally. Will the biggest altcoin surpass this critical threshold for a price jump to cross the $3,000 mark? Let’s find out. Ethereum Against the Local Resistance In the daily chart, Ethereum shows a falling channel pattern. However, the altcoin…
BRASILIA, Oct 29 (Reuters) – Brazil’s net imports of crypto assets in the nine months through September 2024 increased by 60.7% over the same period last year, already exceeding the full-year total for 2023, central bank data showed on Tuesday. The surge in Brazil’s crypto market, the world’s tenth-largest according to blockchain analytics firm Chainalysis, was fueled by a significant increase in so-called stablecoins – which are pegged to real-world assets like the U.S. dollar. These stablecoins accounted for nearly 70% of all crypto transactions in the country this year, according to tax revenue service data. Central bank chief Roberto…
Gold tokenization is set to launch on Cardano through a partnership between founding partner EMURGO and Kinka Gold (XNK), a subsidiary of a Japan-based neo-finance services firm. EMURGO announced the latest collaboration in an official press release today. The report revealed that Cardano’s blockchain ecosystem will soon integrate its first major gold-backed token, XNK, with EMURGO serving as its technology partner. Gold Tokenization Coming to Cardano Notably, the rapid growth of blockchain adoption is transforming the financial landscape. As institutions worldwide increasingly recognize the potential of on-chain economies to disrupt traditional money markets, there is a growing focus on using…
Confusion is mounting among Bitcoin investors, as the price of Bitcoin is showing no indication of an upcoming bullish momentum. A new observation made by a crypto analyst indicates that the BTC market is less likely to meet the expected upward momentum before passing through a sideways market situation. Bitcoin Continues to See Spot Selling The post, shared by the cryptocurrency analyst, identified as CrediBULL Crypto, highlights the existence of strong selling pressure in the spot market of Bitcoin. A continued offloading of BTC in the spot market usually leads to a decline in the BTC price – which is…
Christie’s hosted a charity auction with proceeds going to the United Nations High Commissioner for Refugees. The auction featured 11 pieces of digital art sold in the form of NFTs. The “Bridging Worlds: Digital Art Beyond Borders” charity auction ran from Oct. 23 and closed on Oct. 30, 2024. According to the final bidding prices listed on Christie’s site, the auction accumulated a total of $51,387 from digital art sales. The auction was curated by Micol Ap, and featured 11 digital artworks donated by a number of digital artists including Erick Calderon also known as Snowfro, IX Shells, Mario Klingemann,…
Ethereum whales have been accumulating the asset as the Oct. 23 price drop brought a buying opportunity. According to data provided by IntoTheBlock, large Ethereum (ETH) addresses saw a net inflow of over 598,000 ETH over the past week—worth $1.6 billion at the current price. The accumulation gained traction after the ETH price plunged from its local high of $2,765 between Oct. 21 and 23. ETH large holder net flows | Source: IntoTheBlock Ethereum gained 4% in the last seven days and is trading at $2,685 at the time of writing. Its market cap is currently hovering around $323 billion…