Author: NBTC
Cryptocurrency analyst and investor Jason Pizzino is highlighting a critical resistance level that Bitcoin (BTC) needs to overcome to potentially kick off a rally. Pizzino tells his 333,000 YouTube subscribers in a new video that if Bitcoin appreciates by around 6% from the current level, the flagship crypto asset could set up conditions for a larger bullish move. “Provided we start to see some tests and closes above $58,000 in the short term, this could be a nice little early bounce here coming up to test the more important level in my analysis around $61,500, which is the correction 50%…
The Euro Central Bank (ECB) decided to cut interest rates by 25 basis points during its monetary policy meeting today, lowering the key rate from 3.5% to 3.25%. This is the bank’s third rate reduction this year, coming after September’s inflation rate dropped to a three-year low of 1.7%, below the initial estimate of 1.8%. The ECB’s decision was widely expected as inflation rates, including headline inflation and core inflation, in the eurozone have been declining. Since September’s inflation fell below the bank’s target of around 2%, there has been less pressure to raise interest rates to curb price increases.…
DWF labs reportedly deposited 1 million Artificial Superintelligence Alliance (FET) tokens (approx worth $1.68 million) to the crypto exchange Binance. This major move comes in when the FET price has jumped by around 42% since these token entered their portfolio. Artificial Intelligence (AI) linked cryptos are riding high on the upward trend and one of these tokens, FET is on the same trajectory. FET’s price is up by 142% over the last year. DWF Labs cashes in As per the data shared by Spot On Chain, the loot of FET tokens DWF Labs deposited were part of the 10 million…
As the U.S. edges closer to election day, its digital asset regulatory landscape remains mired in ambiguity. Regardless of who wins, 2025 will bring regulatory shifts that investors must prepare for. The recent World Economic Forum (WEF) report on global approaches to crypto regulation highlights the U.S.’s reliance on enforcement rather than clear policy, complicating growth and innovation, especially as compared to the EU’s structured MiCA (Markets in Crypto-Assets) framework which gives investors a regional roadmap for engagement. Regulatory uncertainty is particularly critical for decentralized finance (DeFi), where the U.S.’s aggressive enforcement strategy has resulted in chilling effects on innovation.…
Since its beta launch in March 2024, Immutable zkEVM has made waves in the gaming world, rapidly becoming one of the fastest-growing blockchain platforms. —”We’ve had more than 2.5 million monthly active on-chain users in the first three months, and we just ticked over 3 million signups to Immutable Passport,” said Robbie Ferguson, co-founder of Immutable.Today, Immutable is building on this momentum by announcing Permissionless Deployment, which allows all developers to easily build and launch web3 games on the Immutable zkEVM platform. By removing the Deployer Allowlist, Immutable is ushering in a new era of openness and innovation for game…
Bitcoin is currently trading above $58,000 after a quick rebound from the worrying $56,000 level. The broader crypto market is showing mixed signals, leaving everyone wondering what’s next for the leading cryptocurrency. For Bitcoin to gain solid momentum, it first needs to reclaim the $60,000 mark and continue its march toward $62,000. While reaching new all-time highs seems like a distant goal at the moment, there’s still hope that the final quarter of the year could bring renewed optimism. As market sentiment picks up, the long-awaited rally to $100,000 may once again become a possibility. Bitcoin’s Technical Picture According to…
According to its Q3 Commentary report, ARK Investment Management believes technological innovation, particularly in artificial intelligence and blockchain technology, could be pivotal in revitalizing the global economy. As inflation transitions to deflation in several sectors, ARK believes that its five innovation platforms, robotics, energy storage, AI, blockchain, and multi-OMIC (biological analysis) sequencing, may significantly impact macroeconomic metrics over the next five to ten years. The firm’s CEO and CIO, Catherine Wood, noted that the convergence of these technologies is expected to drive substantial growth. Wood stated, “Interest rates are likely to surprise on the low side of expectations, broadening the…
Bitcoin’s steady rise allows altcoins like VET to follow its bullish path ahead. VeChain’s improved ecosystem could lead to a much larger pump than expected. Analyst walks new VET holders through the many intricacies of the VeChain ecosystem. Altcoins continue their steady rally alongside Bitcoin’s bullish sideways movements. With Bitcoin having claimed the $65,000 mark, analysts expect higher highs to unfold as we head into Q4 of 2024. This could also usher in altseason which will take many altcoins to new ATHs. In particular, many altcoins are all reacting bullishly. Altcoin price charts are already printing bullish signals from the…
Tesla CEO and billionaire Elon Musk has cemented his role as a significant force in the 2024 US presidential election by contributing $75 million to a pro-Donald Trump super PAC. Federal Election Commission filings released on Tuesday revealed Musk’s donations of $15 million in July, $30 million in August, and another $30 million in September, making him the exclusive donor for America PAC during this period. America PAC has already spent about $72 million of Musk’s contributions on voter engagement, focusing on individuals who have expressed support for Trump but may not consistently vote. The group’s ambitious strategy includes making…
The Open Network (TON) Blockchain is set to enhance its scalability and adoption through a new integration with Axelar’s Mobius Development Stack (MDS). This integration brings seamless access to over 68 blockchains, allowing projects to scale and connect effortlessly within the multi-chain ecosystem. Moreover, the Axelar MDS will provide the TON community with a powerful open interoperability platform, fostering broader Web3 adoption. TON will integrate with @axelar’s Mobius Development Stack (MDS), bringing their open interoperability platform to our ecosystem! 🌐MDS will allow projects to connect seamlessly to 68+ blockchains, enhancing scalability and adoption.This integration has the potential to link… pic.twitter.com/uz9sXMSI0E…