Author: NBTC
The exclusive statistics regarding Bitcoin reveal a critical development dealing with its halving cycle. As per the crypto intelligence firm IntoTheBlock, the current $BTC halving cycle has seen a price decline of up to 12% from $63.9K (its halving price). The platform took to social media to offer insights into the respective development. This chart shows the returns in each halving cycle🔴The current cycle marks a ~12% price decrease from its halving price of $63.9K🟢Historically, the average time between Bitcoin’s halving event and the next peak is around 480 days, which would place it in the summer of 2025. pic.twitter.com/ZTraSvbegk…
Ethereum has been rejected from the crucial 100-day MA of $2.7K, indicating a bull trap. This price action hints at sellers’ dominance, with the asset expecting to continue its descending consolidation stage toward the $2.1K threshold. Technical Analysis By Shayan The Daily Chart Ethereum recently experienced a surge that breached the 100-day moving average at $2.7K and the neckline of an inverted head and shoulders pattern, triggering a short liquidation event. This initial move was a bullish signal, briefly sending the price higher. However, a rejection at the $2.7K level has led to a 12% decline, pushing the price back…
The stablecoin space has continued to expand, registering a total market of $171.03 billion. Tether Limited’s Tether ($USDT) continues to be the predominant stablecoin and holds a large portion of the market share. With 69.58% market dominance, $USDT manages to hold its ground in the overall crypto markets. TOP #STABLECOINS BY MARKET CAPITALIZATION TOTAL #STABLE MARKET CAP – $171.03B STABLE DOMINANCE – 7.72%… pic.twitter.com/QXGMGmrx4Q — PHOENIX – Crypto News & Analytics (@pnxgrp) September 20, 2024 Other notable players include $USDC, $DAI, and $FDUSD. $USDC is second, with a market cap of $35.3 billion and a daily trading volume reaching $6.9…
Ripple intends to counter the SEC, submitting its Form C civil appeal today. The blockchain-based digital payment network will particularly challenge the court’s previous ruling on its XRP institutional sales, wanting clarity over the token’s classification. Ripple’s executives anticipate positive results from the Second Circuit’s ruling On August 7, District Judge Analisa Torres ruled that Ripple’s programmatic sales of XRP to retail customers did not breach federal securities laws, concluding that XRP is not a security. The Security and Exchanges Commission dissatisfied with the court’s ruling, filed an appeal to have XRP treated as a security. Today, Ripple is also…
The “September Effect” is, so far, in full force against Bitcoin (BTC) and other cryptocurrencies, mirroring historical patterns, as Finbold reported. Yet, technical analyses indicate that this is just part of an expected shake-out before BTC can seek higher prices. One of these analysts is Cryptorphic, according to a recent “BTC/USD roadmap to $93,000” he published on TradingView. At first, he urged traders and investors to “stay strong” because “things are going to improve soon.” “Hello everyone, first off, stay strong—things are going to improve soon! Many people are confused right now and might get liquidated, eventually leaving the market…
A colossal sum of 35,000 Ethereum (ETH) tokens has just been sent to the world’s oldest cryptocurrency exchange, Bitstamp, according to a report by Whale Alert. Digging deeper into the details of the massive deposit, it turns out that $88.3 million worth of ETH tokens were sent to Bitstamp hot wallet “0xf79” from the address “0xee47” in just one transfer. Whale Report identifies the sender as an unknown entity, but data from Arkham Intelligence alleges that WisdomTree may be behind the transfer. WisdomTree is one of the largest players in the ETF and fund market, both as a sponsor and…
Iggy Azalea is launching Motherland, an online casino utilizing her MOTHER token, featuring various games and betting options. Despite the decline of many celebrity-backed memecoins, Azalea’s strategic use of the MOTHER token for real-world applications, like her telecom services, has helped maintain its value, showcasing a move beyond speculative hype to utility. SINGAPORE – Former Grammy-nominated artist and entrepreneur Iggy Azalea will release Motherland, a new online casino that uses her MOTHER token, in November. Azalea unveiled the project alongside business partner Joe McCann, founder of crypto investment firm Asymmetric and manager Reece Pearson at her Motherland Rodeo event at…
In the latest development on US Securities and Exchange Commission(SEC) vs Ripple case, Republican candidate and Pro-crypto lawyer John Deaton has stepped up to appear as an amicus counsel for Ripple (XRP) holders. According to the post by Fox journalist, Eleanor Terrett: 🚨NEW: A filing for an appearance of amicus counsel in the Second Circuit rendition of @SECGov vs. @Ripple has just appeared on the docket. 👇🏼 “Senate race or not, I don’t walk away from what I started,” @JohnEDeaton1 tells me. pic.twitter.com/bQrlSHVFgF — Eleanor Terrett (@EleanorTerrett) October 24, 2024 It is worth mentioning that the screenshots accompanying the post…
Julien Bittel, head of macro research at Global Macro Investor (GMI), has stated that Bitcoin’s structure looks similar to the one from 2019. Back then, the leading cryptocurrency by market cap was stuck in “a consolidation range.” This year’s Bitcoin price structure is starting to look eerily similar to 2019…Take a close look at the chart – it’s almost a perfect fractal of what we saw back then.Bitcoin has been stuck in a consolidation phase, and interestingly, just like in 2019, this consolidation… pic.twitter.com/8p6tDTIBoL — Julien Bittel, CFA (@BittelJulien) September 7, 2024 So far, this consolidation phase has lasted exactly…
ETH/BTC drops below a 3-year low, as Ethereum continues to slump against Bitcoin, with Michaël van de Poppe highlighting a potential support zone. Ethereum’s exchange rate against Bitcoin has experienced a significant decline, recently dipping below 0.037 on October 25—its lowest level since April 15, 2021. Market data shows a 30% drop in the ETH/BTC rate since July 1 this year, reflecting a major downturn in Ethereum’s performance compared to Bitcoin. Analysis Shows Key Support Levels Michaël van de Poppe, CEO of MN Consultancy, has observed this bearish trend in the ETH/BTC pair, calling a capitulation on Ethereum. His analysis…