Author: NBTC

The leading cryptocurrency Bitcoin (BTC) reached the $100,000 mark in its rise that started after Donald Trump’s victory. However, BTC, which failed to surpass this critical level, experienced a pullback to $90,000 levels last week. BTC recovered after this decline and rose to $96,000 levels again. While almost the entire market expects Bitcoin to surpass $100,000 before the end of 2024, 10X Research founder Markus Thielen predicted that the price could rise even higher. Thielen said that Bitcoin exchange balances have reached historic lows, indicating further upward pressure on the price. Markus Thielen noted in a recent report that Bitcoin…

Ethereum (ETH) has been a persistent laggard this year, failing to catch up with other major cryptocurrencies. However, if history is any guide, it might finally shine in 2022. The altcoin tends to record significant gains during the year that comes right after a quadrennial Bitcoin halving. This, for instnace, was the case in Q1, 2021. After underperforming against Bitcoin in late 2020, ETH ended up surging by more than 300% within just three months, leaving Bitcoin in the dust. The altcoin also soared by more than 900% in early 2017, skyrocketing to $80. Overall, the average Q1 returns of…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Holiday celebrations transpired the last few days. But the week was also marked by MicroStrategy becoming part of the Nasdaq 100. While some thought this would offer the company’s stock price a short-term lift, that so far hasn’t been the case. As of 1 pm ET, MSTR’s share price was down 22% since the market opened on Dec. 16 (after the index inclusion news late the prior Friday). End-of-year profit-taking (MSTR is up ~380% in 2024) and recent declines in BTC price are likely contributors to…

VeChain (VET) has announced that it is subjecting its VeChainThor to a comprehensive upgrade to reimagine its tokenomics. This upgrade would create new validator opportunities and ensure greater decentralization. VeChain (VET) is set to embark on a holistic upgrade of its VeChainThor through a technical roadmap dubbed VeChain Renaissance. According to the report, this would enable stakeholders to stay ahead of regulatory and technical trends while enabling network growth from the perspective of users and developers. It’s official – VeChain’s largest protocol upgrade is underway: VeChain Renaissance.The TL;DR: pic.twitter.com/3I7BaUEEx0— VeChain (@vechainofficial) December 6, 2024 Further analyzing the initiative, we discovered…

To improve financial transparency and diversification in the blockchain sphere, GT Protocol declared it is collaborating with CrossFi, a promising blockchain firm that has gained popularity for combining fiat and cryptocurrencies. 🔥 GT Protocol x CrossFi Partnership! 🤝We’re thrilled to announce our partnership with @crossfichain, a groundbreaking blockchain redefining financial freedom through its seamless bridging of fiat and cryptocurrency. With CrossFi’s innovative non-custodial payment technology,… pic.twitter.com/a0bXH3x5Q8 — GT Protocol (@GT_Protocol) December 27, 2024 Focusing on enhancing the role and function of blockchain in the financial market and providing innovative demands of users as well as payment tools and payment services,…

The trend over time of the value of Bitcoin is usually correlated with that of the US dollar. For precision, in the medium/long term, the variations in the price of Bitcoin are inversely correlated to those of the Dollar Index, the index that measures the strength of the US dollar compared to a basket of other important currencies globally. The decorrelation of Bitcoin from the value of the dollar The return to normality The evolution of the value of Bitcoin and dollar in the coming days The evolution in the medium/long term The record The decorrelation of Bitcoin from the…

America’s biggest banks are about to lock in their largest share of the banking industry’s profits in nearly ten years after an explosive run-up. JPMorgan Chase, Bank of America, Citigroup and Wells Fargo – the four largest banks in the US – recorded $88 billion in collective profits in the first nine months of the year, the Financial Times reports, using figures from BankRegData. The banking giants now account for 44% of all the industry’s profits, and when you combine the “Big Four” with US Bank, PNC and Truist – the next three largest banks – the seven institutions are…

In a move that has caught the attention of the crypto community, a smart trader recently deposited a staggering 121.75 billion PEPE tokens, valued at approximately $3.22 million, to the world’s largest crypto exchange, Binance. According to SpotonChain, this transaction, which occurred hours ago, has reportedly netted the trader a remarkable $2.13 million profit, marking a 197% increase in just 2.5 months. A smart trader deposited 121.75B $PEPE ($3.22M) to #Binance 2 hours ago, allegedly securing a $2.13M profit (+197%) in only 2.5 months.This appears to be their second $PEPE win—back in May, this trader netted an estimated $1.23M profit…

Orbler has announced its exclusive collaboration with DigiBuy Network. This strategic partnership is aimed at revolutionizing the Web3-based shopping experience with the integration of cutting-edge blockchain technologies. The platform intends to advance the overall Web3 commerce in the daily lives of the users. In this way, Orbler aims to facilitate the consumers with a streamlined experience. Overall, the collaboration contributes to the broader adoption of the Web3 sector. Orbler partners with @digibuynetwork! Unlock Web3 shopping, earning & rewards! Exclusive airdrops, on-chain marketplace & decentralized commerce await! #BTC #Web3 #ETH pic.twitter.com/x7xQ6RooWI — Orbler (@Orbler1) December 28, 2024 Orbler and DigiBuy Network…

Bitcoin stands at a crossroads where a potential slip could test the $90k support. Will buyers drive the rally beyond $100,000 as the market witnesses altcoins reaching new all-time highs? Despite the broader market seeing top performers like XRP crossing the $2 psychological mark, Bitcoin’s price is stalling near the $96,000 level. While the market anticipates Bitcoin reaching the $100,000 target in December, its price action tells a different story. Will Bitcoin regain bullish momentum and cross the $100,000 milestone in the coming week? Let’s find out. Bitcoin Price Analysis On the 4-hour chart, Bitcoin’s price trend shows a local…