Author: NBTC

Bitcoin trades at $61,527 on June 25, recovering from a fresh dip toward $59,000 a day earlier. Thursday’s core PCE print now decides whether that floor survives a third test. Is $59,000 The New Support Level For Bitcoin? $BTC 1D Price Action (Source: TradingView) The daily chart shows $BTC trapped well below every major moving average, with the 20-day EMA at $64,351, the 50-day at $68,202, the 100-day at $71,469 and the 200-day at $77,211. That stacking is a textbook downtrend signature. Price has carved out a rough ascending channel since the early June low near $60,000, bouncing off the…

Ethereum has extended its recovery over the past several sessions, breaking above its recent consolidation range and approaching a major confluence resistance area. The rally has improved short-term sentiment, but the market is now testing a zone that could determine whether this move develops into a broader trend reversal or remains a relief rally within the prevailing downtrend. Ethereum Price Analysis: The Daily Chart Ethereum continues to recover from the $1.46K-$1.53K demand zone, where buyers once again stepped in after defending the June lows. The rebound has now carried price toward the descending trendline that has capped every major rally…

Vocal Dogecoin community member Mishaboar issues a crucial warning to Dogecoin holders as L2 infrastructure Dogechain shuts down. Dogechain, an L2 launched for Dogecoin aimed at bringing DeFi, GameFi, and NFTs to the $DOGE community, announced its sunset this month owing to current market conditions, which made it increasingly difficult to sustainably operate and maintain the network. Mishaboar urged Dogecoin holders to bridge or withdraw their funds, as Dogechain services will be shut down, noting that millions of $DOGE are still bridged. He highlighted the importance of doing this. Users will have a two-month window to bridge assets out of…

Bitcoin price has rebounded toward $62,000 after a sharp selloff pushed the crypto asset below $60,000, though weak institutional demand and persistent macroeconomic risks continue to keep traders on the defensive. According to data from crypto.news, Bitcoin ($BTC) price climbed back to around $61,800 on June 25 after tumbling as much as 5.7% a day earlier to an intraday low near $59,175. The recovery followed an aggressive round of dip buying after the four-hour Relative Strength Index fell to its lowest level since August 2023, a condition that historically attracts swing traders looking for oversold entries. The bounce also came…

The Callout Replying directly to a post from Ethereum’s official account, ZachXBT wrote on X: “Proton does not currently accept Ethereum as payment option for subscriptions only Bitcoin. The pseudonymous investigator, known for tracing stolen funds and exposing fraud across the industry, attached a screenshot and left the correction at that, a characteristically blunt fact-check delivered to an account with millions of followers. Image source: X ZachXBT has spent much of the year building exactly this reputation with his recent work, including an investigation that alleged 95% of the LAB token’s supply was insider-controlled and a warning that Humanity Protocol’s…

The race to manage stablecoin reserves is attracting another major Wall Street name, and this time it’s Fidelity. The financial services giant has officially launched a money market fund designed specifically for stablecoin issuers operating under the $GENIUS Act, further expanding the list of traditional asset managers competing for reserve assets. The move comes as the stablecoin sector continues to grow rapidly and institutions position themselves to benefit from the industry’s next phase. Fidelity Launches $GENIUS Act Reserve Fund According to a prospectus filed with the U.S. Securities and Exchange Commission (SEC) on June 12, Fidelity has introduced the Fidelity…

Cardano founder Charles Hoskinson addressed decentralization, ecosystem growth, and the $ADA price in his statements regarding the future of the Cardano ecosystem. Hoskinson stated that he is open to any initiative that can add value to Cardano, saying, “If you bring something to the table that can grow Cardano and it doesn’t break decentralization, I see that as a clear positive. Because that increases the use case, impact, and security of the ecosystem.” Hoskinson stated that Cardano’s purpose is to build a decentralized infrastructure, emphasizing that no single person or group should hold sole control over the ecosystem. “The entire…

Bitcoin briefly fell below $60,000 due to outflows from US spot ETFs, a more hawkish Fed, and a stronger dollar. This situation has increased concerns that the decline could turn into a prolonged bear market. At this point, analysts say Bitcoin is at a critical juncture, while one analyst argues that it’s still too early for $BTC to recover and that a drop to $55,000 is possible. Speaking to CoinDesk, FxPro senior market analyst Alex Kuptsikevich stated that it is still too early to expect a full-scale recovery for Bitcoin. Noting that Bitcoin is currently trading near its 200-week moving…

DefiLlama has announced a significant enhancement to its platform by tracking token rights for over 100 protocols and Layer 2s. This new feature aims to provide clearer insights into holders’ revenue, governance, economic rights, and other critical aspects of token utility. According to their official tweet, this development is crucial for ongoing discussions around governance and economic rights within the crypto space. The Latest The crypto market just witnessed a notable development as DefiLlama expands its tracking capabilities. The organization now monitors token rights for over 100 protocols and Layer 2 networks, a move that significantly enhances transparency in governance…

Ethereum co-founder Vitalik Buterin has named quantum resistance, scalability and privacy as three of Ethereum’s top priorities under a new “Lean Ethereum” strawmap, which lays out the network’s technical direction for the remainder of the decade. In a post to X on Saturday, Buterin said the collection of upgrades will roll out over the next three to four years, touching nearly every layer of Ethereum in a transformation he compared in scale to the September 2022 Merge, which shifted the network away from energy-intensive mining. “Quantum safety has shifted up a LOT in priority,” he said, adding that finalizing a…