Author: NBTC

Blockstream chief executive Adam Back says that Bitcoin (BTC) remains in the early stages of an ongoing bull market cycle. In a new interview with Anna Tutova, the CEO of Coinstelegram, the longtime Bitcoin veteran says Bitcoin could potentially soar more than 700% from the current value this cycle. “We’re still in the early stages of the bull market I would say… I see that [BitMEX founder] Arthur Hayes was predicting $1 million per Bitcoin by the end of this cycle. Other people have said half a million. So anything in that range I think is possible.” Beck says one…

While Ethereum grapples with maintaining crucial support levels around $2,500, prominent entities have issued daring projections for ETH, targeting up to $166,000 Today, Ethereum revisited the $2,518 low, adding to the broader bearish trend that has persisted. Data show a significant drop of 24% over the past month, indicating negative momentum in the higher timeframes. At its current value, Ethereum is far from the key resistance at $2,670, a critical level that would need to be breached for this downward trend to shift. Despite this, several experts suggest there could be an upside. Price Predictions for Ethereum Amid the current…

Shiba Inu (SHIB) has experienced a significant surge in both its burn rate and market value, marking a remarkable recovery for the dog-themed cryptocurrency. Over the past day, Shiba Inu’s burn rate skyrocketed by an astounding 781%, coinciding with a notable price increase. Shiba Inu saw its price rise by as much as 16% in the previous day, demonstrating a robust upward trend. As of the latest data, SHIB continues to sustain these gains, up 11% over the last 24 hours. This price recovery has invigorated the Shiba Inu community and caught the attention of the market, highlighting the token’s…

Sen. Chuck Schumer (D-NY), majority leader in the U.S. Senate, speaking during a digital town hall meeting on Wednesday, vowed to pass crypto legislation by the end of the year. “I believe Washington cannot just look away from crypto, stick our heads in the sand, and do nothing,” Schumer said during the Crypto4Harris livestream. “My goal is to get something passed out of the Senate and into law by the end of the year, and I believe we can make that happen.” Failing to act, he explained, would “risk crypto going overseas to lowest common denominator countries where there’ll be…

Bitcoin (BTC) started the weekend with a slightly more positive sentiment after a mostly bearish week, seeing some price recovery. However, a technical analyst warns of more downside potential for the leading cryptocurrency, looking at the one-hour chart. Ben Walther, a high-reputation analyst on TradingView, shared two recent Bitcoin price analyses that examined key levels and chart patterns. In both analyses, Walther concluded that BTC could still see significantly lower prices against the dollar, eyeing sub-$54,000. As of this writing, Bitcoin trades at $59,450, recovering from the price crash to $50,000 in early August. Despite the crash-to-date recovery, BTC still…

The price of Ethereum (ETH) has been trading in a range since its recovery from the August 5 plunge. Selling pressure has eased, but the altcoin remains above the $2,200 support level and below the moving average lines. Long-term analysis of the Ethereum price: bearish On the upside, movement is hindered by resistance at $2,800 or the 21-day SMA. The value of the altcoin is likely to fall further. Today, the altcoin is on the retreat as it hovers around the $2,600 support. If Ether loses the current support of $2,200, it will fall to the lows of $2,000 and…

Acclaimed blockchain researcher Collin Brown has spotted significant bullish developments in the Terra Luna Classic ecosystem. In a recent post highlighting Terra Classic Foundation’s recent announcement on X, Brown identified trends that suggest improved LUNC adoption that could signal a potentially bullish sentiment for the altcoin. 🚀 Terra Luna Classic Staking Ratio Hits 15% With 1T LUNC Staked!🔹 Over 1 trillion Terra Luna Classic (LUNC) tokens staked. 🔹 Staking ratio surges to 15.01%. 🔹 Recent LUNC burns by Binance add to optimism. 🔹 $70.15 million worth of LUNC staked.Staking reduces… pic.twitter.com/btFKb1FWi5 — Collin Brown (@CollinBrownXRP) July 6, 2024 According to…

The Trump Organization, the holding company for former U.S. President Donald Trump’s business ventures, will soon unveil its new cryptocurrency initiative, according to a Wednesday report from the New York Post. Eric Trump, the son of former President Trump and executive vice president of the Trump Organization, teased the coming project in an interview with the Post, but declined to share any specific details, saying only that the “moment everything is final and ready to go” the crypto project will be publicly announced. He hinted that the project could involve “digital real estate,” suggesting that people may be able to…

While Bitcoin struggles below $60,000, a Bybit report shared with BeInCrypto suggests that the BTC rally might still have momentum. The report delineates bull runs retrospectively and forecasts the potential continuation of Bitcoin’s price rise. Bybit’s analysis divides Bitcoin’s historical performance into distinct cycles, visualized on a logarithmic scale to clarify long-term trends. According to its criteria, a bull run spans from the lowest trough to the highest peak of each cycle. The 2024 Bitcoin Bull Cycle Still Has Room For Growth Notably, three major bullish phases have been identified: 2012-2014, 2015-2018, and 2019-2022. The current bull cycle began in…

Ethereum (ETH) remains consolidated within the $2.6K range. ETH’s fear and greed index suggests fear sentiment in the market. As in the mid of August, Ethereum (ETH), has witnessed significant bearish momentum over the past weeks. This largest altcoin struggles to break through the oscillating price range and chooses to consolidate within $2,600-2,700. Last week on August 5, ETH declined to its seven-month low at the $2.1K range. Gradually, it recovered from the dip and traded above $2.5K. Over the last 24 hours, ETH has slipped down by 0.24%. At the press time, ETH traded at $2,614 with a market…