Author: NBTC

As of Oct. 14, 2024, ethereum’s price is $2,541, with a total market cap reaching $305 billion. In the last 24 hours, ETH has swung between $2,436 and $2,555, supported by a trading volume of $14.31 billion. Despite this activity, technical indicators hint at continued bearish momentum, with key support levels under pressure. Ethereum On the 1-hour chart, ethereum continues to show weakness, trading below both its 50- and 200-hour moving averages, signaling a short-term bearish trend. Oscillators like the relative strength index (RSI) sit around 45, indicating neutral to slightly bearish momentum. The moving average convergence divergence (MACD) remains…

A crypto strategist who continues to build a following with timely Bitcoin calls is unveiling two roads that BTC could take en route to new all-time highs. Pseudonymous analyst Credible Crypto tells his 419,300 followers on the social media platform X that he thinks Bitcoin’s market structure is being set up to annihilate BTC bears. According to the trader, BTC bears are piling up liquidity by building large short positions as Bitcoin continues to print lower highs. Credible believes that the lower highs are a guise to make BTC bears complacent before their positions become rocket fuel for short squeezes.…

Ethereum’s market activity suggests potential for significant upward movement, potentially impacting the entire crypto space. Increasing adoption of Ethereum’s blockchain for DeFi and NFTs is bolstering its position in the digital currency market. The transition to Ethereum 2.0 and growing interest in altcoins are driving factors behind ETH’s positive outlook. Ethereum has created the preconditions for its further active upside in the global market. According to analysts, the market of altcoins is gaining pace, and the following chart shows that Ethereum is among the most active coins at the moment. Such an expected upward movement might be a turning point…

The Phoenix group, a news and analytics website focusing on the digital asset space, has listed today’s cryptocurrency market gainers, with VLX as the front-runner. Similarly, other successful projects, such as SUSHI and Aleph Zero (AZERO), also showed strong progress, indicating an upward trend. Investors closely watch these tokens, indicating renewed interest and confidence in DeFi and blockchain innovations. DAILY GAINERS$VLX +61.7% $SAFE +19.9% $TAI +18.3% $SUKU +17.8% $DEXT +16.5% $CSIX +13.0% $ZENT +12.9% $AZERO +12.3% $SUSHI +11.4% $NOS +11.3%#dailygainers pic.twitter.com/j9deNayHNc — PHOENIX – Crypto News & Analytics (@pnxgrp) September 28, 2024 Velas (VLX) Surges 61.7% The big gainer of…

As the Fed prepares to announce its decision on interest rates this Wednesday, some analysts are warning that an aggressive cut could paradoxically hurt Bitcoin (BTC) and other risky assets. While low interest rates typically boost demand for cryptocurrencies, a more dramatic cut could signal deeper economic concerns, causing investors to pull back from riskier investments. Shannon Saccocia, chief investment officer at Neuberger Berman Private Wealth, told MarketWatch that a larger-than-expected rate cut could indicate that the economy is in worse shape than expected, which could lead to a sell-off in assets like Bitcoin. This view was echoed by Dave…

Ethereum’s (ETH) price has surpassed $2,500 for the first time since October 1. However, despite the market’s rising optimism, this upward movement may not be as smooth as it seems. In this analysis, BeInCrypto highlights several on-chain metrics that suggest a significant portion of ETH’s gains could be stifled. Ethereum Is Not Yet Free from Problems Ethereum’s price increase represents a 6% hike in the last 30 days. Within the last 24 hours, the cryptocurrency’s volume has increased by 90%, indicating rising investor interest in Ethereum. Despite this, data from IntoTheBlock shows that Ethereum’s Coins Holding Time has decreased by…

In the past week, several crypto investments have garnered attention in the market. According to Phoenix Group, Wormhole ($W) is the most searched cryptocurrency, up 34.1% of the price. It has a circulation supply of 89565147 coins, a total market capitalization of $810.2 million, and a 24-hour trading volume of $93 million. Through Wormhole’s performance, increased demand for cross-chain bridge technology solutions has been evidenced, recognized, and embraced by retail and institutional investors. TOP COIN SEARCHES IN THE LAST 7D ON #CRYPTORANK$W $ETHFI $ARKM $XAI $SPEC $PRCL $NEIRO $PENDLE $CGPT $FLT pic.twitter.com/69jqsfngxM — PHOENIX – Crypto News & Analytics (@pnxgrp)…

Bitcoin remains steady at $58K, approaching key buying opportunity above MA Ribbons. Analyst Mags highlights MA Ribbons as a reliable indicator during bull markets. Breaking the 50-period EMA at $58,748 could trigger a rally toward $59,176. Bitcoin (BTC) has been holding steady at around $58k for several weeks leaving many traders uncertain about its further move, but a key opportunity may be brewing. However, prominent Crypto analyst Mags has revealed that Bitcoin is sitting comfortably above the MA (Moving Average) Ribbons, a crucial support level during bull markets. Every time BTC touches these ribbons, it’s a golden chance to buy.…

Ethereum price started a fresh increase above the $2,500 resistance. ETH is up over 5% and might continue to rise if it clears the $2,650 resistance. Ethereum started a fresh increase above the $2,500 and $2,550 resistance levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,620 and $2,650 resistance levels. Ethereum Price Jumps Over 5% Ethereum price formed a base above the $2,400…

On September 26, 2024, Hamster Kombat, a popular tap-to-earn Telegram game, launched the trading of its HMSTR token on several major exchanges. While the event was highly anticipated, the airdrop ended up disappointing a large portion of the crypto community. Many believe it was “one of the worst airdrops in the history of the crypto.” Here are five reasons why the Hamster Kombat airdrop failed to meet expectations. What’s Wrong With the Hamster Kombat Airdrop 1. Unfair Reward Distribution Ahead of the airdrop, many participants were unexpectedly disqualified. Those who focused on boosting their points per hour (PPH) to accumulate…