Author: NBTC

Bitcoin’s (BTC) pullback from the $100,000 level after continuously hitting fresh new highs is only a temporary setback before eventually shooting past the barrier to even higher prices, crypto analytics firm CryptoQuant said. According to a Wednesday report shared with CoinDesk, multiple blockchain data metrics suggest that the largest crypto has more room to run before topping. CryptoQuant’s custom P&L index, which combines several on-chain valuation metrics to signal whether BTC is overvalued or undervalued, shows that the asset is firmly in a bull market but far from the overvalued levels it reached at the previous market peaks in 2021,…

An Ethereum whale, known for strategic trading activity, recently added 22,919 ETH worth $77.2 million to their portfolio at an average price of $3,368. This transaction, occurring just four hours ago, underscores the trader’s aggressive positioning in the market as Ethereum prices show signs of resilience. A whale bought 22,919 $ETH($77.2M) at an average price of $3,368 again 4 hours ago.Since Aug 12, this whale has made 25 swing trades in $ETH and $WBTC, 21 of which were profitable, with a win rate of 84%, and a total profit of $4.57M.https://t.co/LGiKOWKUqz pic.twitter.com/smncJ2Qnhp — Lookonchain (@lookonchain) December 31, 2024 The whale’s…

Cardano (ADA) has achieved a significant milestone by topping 100 million transactions. This achievement highlights the network’s expansion and increasing adoption. November was a notable month for Cardano, with the ADA price surging 216% in a tremendous rise. The Cardano network also experienced an increase in transaction volume. According to November development highlights shared by Cardano developer Input Output Global (IOG), the total number of transactions for Cardano increased by 2.65 million over the month to a total of 100.57 million. Another month, another set of strides for the Cardano ecosystem. Take a look at November’s main updates and achievements…

Ethereum scarcity narrative is “equally strong” to Bitcoin in practice, says 1confirmation’s Nick Tomaino, predicting ETH price to surpass $10,000. Ethereum’s (ETH) growth and deflationary supply make $10,000 achievable, says 1confirmation founder Nick Tomaino, citing the network’s dominance in decentralized finance, stablecoins and developer community as key drivers of long-term value. We bull post ETH because we care about truth and want you to win despite what losers on X tell you. It’s going to $10K+ regardless.Facts:– The best crypto developers are still building in Ethereum just like they have been for the past 7+ years. L2s like Base and…

Binance announced plans to list Orca (ORCA) and Across Protocol (ACX) and to open trades for multiple spot trading pairs. The trading platform periodically adds or removes tokens from its product suite as part of its routine operations review to ensure it meets industry requirements sufficiently while delivering a high level of standard. Binance New Listings: ORCA and ACX According to an official announcement from Binance, ORCA and ACX tokens will be available for trading against the USDT stablecoin beginning December 6 at 13:00 UTC. Withdrawals will be open 24 hours after listing. “New Spot Trading Pairs: ACX/USDT, ORCA/USDT, users…

Web3 and crypto-based gaming saw a significant demand in the past cycle with the surge of the play-to-earn games. 2025 promises to have even better and funnier blockchain games, starting with three notable gaming projects developed on Solana (SOL). The problem the industry faced back in 2020 to 2022 with blockchain games is that, due to an impressive market demand, many game developers rushed to launch their product as fast as possible to navigate the hype and capitalize with related tokens. With that, the blockchain gaming industry was soon flooded with poorly designed games and tokenomics, besides some clear rug…

Ethiopia’s state-owned power producer, and a population of 126 million Ethiopians, welcomed the bitcoin mining industry in 2024 with an attractive electricity rate of USD 3.2 cents KWh. In this past year EEP has generated USD 55 million in revenues from bitcoin miners and expects USD 123 million in the year to come. As we look forward to 2025, let’s take time to recognize the efforts and events in Ethiopia from the year 2024. These highlights can serve as a blueprint for how other energy-potential rich nations, even those too small or timid to challenge historical assertions about money, can…

In a surprising twist, Michael Saylor, the once staunch Bitcoin (BTC) maximalist and MicroStrategy (NASDAQ: MSTR) former CEO, has acknowledged his misjudgment regarding Ethereum (ETH). In the past, Saylor said in an interview to the Bitcoin Magazine that “there is no second best” to Bitcoin in multiple financial categories – an opinion that has now apparently changed. This revelation comes from a recent interview with Altcoin Daily on December 25, 2024, where Saylor admits that his earlier predictions about Ethereum’s regulatory fate were off the mark. Now, he sees a brighter future for Ethereum and other digital assets, signaling a…

Despite market volatility hitting XRP, bullish sentiment continues to dominate the asset. According to Whale Alert, a crypto data tracker on X, a large transaction of 22,018,660 XRP, equivalent to approximately $50,355,056, was initiated on-chain. Whale activity and its bullish implications The whale moved the asset from Binance, a leading cryptocurrency exchange, to a private wallet address. This is significant as it shows the whale might have the intention to secure the XRP for long-term storage. If this is the case, it indicates strong confidence in XRP’s future outlook. 🚨 🚨 🚨 22,018,660 #XRP (50,355,056 USD) transferred from #Binance to…

Thanksgiving is a fascinating period for bitcoin (BTC), often showcasing wild price swings and headline-grabbing moments. Feast or Famine in 2024? Bitcoin’s Thanksgiving History Leaves Investors Guessing Over the last five years, bitcoin’s holiday behavior has piqued the curiosity of investors and analysts. From dramatic tumbles to meteoric climbs, Thanksgiving has consistently spotlighted the currency’s unpredictable nature and ability to make waves. 2020’s ‘Thanksgiving Day Massacre’ Thanksgiving 2020 is etched in memory for the “Thanksgiving Day Massacre,” a rapid and steep drop in bitcoin’s value. Prices plummeted 17% within hours, sliding from $19,500 to $16,200. The nosedive rattled investors, but…