Author: NBTC
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has exhibited a promising technical development, igniting optimism within the crypto community. The formation of a bullish flag pattern within the daily timeframe has captured the attention of analysts and traders, hinting at potential positive movements in the near future. A bullish flag pattern is a common technical analysis formation in financial markets, frequently visible on price charts. It involves an upward price surge (the flagpole) succeeded by a consolidation or sideways movement (the flag) within a downward or sideways channel. Typically identified within the daily timeframe, it signals recent upward movement…
Ark Invest CEO Cathie Wood was a guest on Merryn Somerset Webb’s show ‘Merryn Talks Money’, where she discussed the macro environment and the recent happenings in the financial world. What will mainly interest the crypto community is what she had to say about the flagship cryptocurrency, Bitcoin. “Bitcoin Hands Down” When quizzed by Merryn about which she would prefer to hold for 10 years between gold, cash, and Bitcoin, Wood replied by saying, “Bitcoin hands down.” She noted that while Bitcoin and Gold both have hedging functionalities, the latter already had its time, unlike Bitcoin, which she labeled as…
The U.S. Safety and Alternate Fee (SEC) is dealing with challenges in recruiting cryptocurrency consultants, an issue partly attributed to its personal insurance policies, as highlighted in a latest company doc. That doc, printed in October and modified Nov. 2, is titled The Inspector Common’s Assertion on the SEC’s Administration and Efficiency Challenges. It signifies that the company is having difficulties hiring specialists within the space of crypto property. Officers inside the SEC report that there’s a small candidate pool and powerful competitors from the non-public sector, limiting the company’s means to rent crypto consultants. The SEC’s personal insurance policies,…
The adoption of Ethereum layer-2s is on the rise if Token Terminal data shared on November 6 is anything to go by. According to statistics from the blockchain analytics platform shared by Erik Smith, the Chief Investment Officer (CIO) of 401 Financial, the average active addresses over the past three months has exceeded 10 million, a nearly 2X expansion from early 2023. Related Reading: Can The ADA Price Climb Above $20 In The Bull Market? Analyst Provides Answers Ethereum Layer-2s Finding More Adoption Looking at the chart, Polygon, an Ethereum sidechain, remains the most popular. At the same time, Arbitrum and OP…
CryptoCon, a figure in the crypto analysis community, has presented a detailed chart that anticipates the next Bitcoin cycle peak to be in the vicinity of $130,000. According to the analyst, the date for the next cycle high will be November 28, 2025, with a possible deviation of 21 days. This projection is based on the Halving Cycles Theory, which aligns the Bitcoin price movement with the dates of its halving events. Bitcoin Halving Cycle Theory The chart delineates Bitcoin’s historical and projected price trajectory across four color-coded cycles, each representing a different market phase postulated by CryptoCon. The “Green…
A video has surfaced on social media where Ethereum founder Vitalik Buterin revealed he sold 70,000 ETH tokens during its price all-time high. Buterin Acknowledges Shorting Ethereum Crypto community member, MetaMan X, published a video post on X (formerly Twitter), disclosing a conversation where Ethereum Founder, Vitalik Buterin admitted that he had sold about 70,000 ETH tokens, essentially shorting the cryptocurrency during a major all-time high. In the podcast with American hedge fund director, Eric Ross Weinstein, Buterin spoke on the price of Ethereum and Bitcoin in 2017. During Ethereum’s previous all-time high in 2017, when the price of ETH…
Many had speculated that the rally in the crypto market was going to wane following the Spot Bitcoin ETF rumors fading out. That hasn’t been the case, though, and a recent revelation from a prominent crypto analyst suggests that the two largest cryptocurrencies by market cap, Bitcoin and Ethereum, could continue to see an upward trend. New Liquidity Coming Into The Market Could Boost Bitcoin, Ethereum In a post shared on his X (formerly Twitter) platform, Crypto analyst Ali Martinez revealed that the crypto market has seen close to $10.97 billion in positive capital inflows, which represents the highest level…
The Monetary Conduct Authority (FCA) of the UK is releasing new tips for crypto corporations on how one can correctly market digital property. In a brand new press launch, the regulatory company unveils its up to date guidelines for crypto corporations on what data they have to present when advertising and marketing crypto property. “Following a change in laws, crypto property promotions concentrating on UK shoppers now fall inside our remit. We now have launched guidelines which are designed to present folks a greater understanding of what they’re investing in, and the dangers concerned.” The FCA says that the objective…
A look into the Bitcoin price action shows a consolidation under the $35,000 support level has resumed, but the majority of holders are holding steady. Onchain data has revealed that the number of Bitcoin unmoved in a 3-month timeframe has reached a record high of 88.5%. The upside potential remains huge despite the ongoing consolidation, as the top crypto is still up by 26% since the beginning of October. BTC Price Drops Below $35,000 But Investor Sentiment Remains Bullish Bitcoin managed to push above $35,000 a few times this week, propelling millions of BTC wallets into profitability. The crypto has…
The Bitcoin price performance was one of the brightest stories in the crypto market in the month of October. While some crypto analysts currently have bearish projections for the premier cryptocurrency, others have maintained a positive stance for BTC’s performance in November and beyond. A crypto analyst known by the pseudonym Mags on the X (formerly Twitter) platform recently offered an insight into Bitcoin’s price action, quelling bearish sentiments around the pioneer cryptocurrency. The Current Cycle Witnessed Its Own Black Swan Event Bitcoin enthusiasts and analysts have been closely monitoring the coin’s price movements, with some skeptics anticipating a significant…