Author: NBTC

Conversations concerning the long-term price trajectory of Bitcoin have been rekindled by its recent performance. Compared to the previous two market cycles, the current one indicates that Bitcoin may still have a lot of room to grow, possibly reaching the $200,000 mark. It is clear from examining Bitcoin’s chart that the cryptocurrency has closely mirrored previous cycles. Following the recovery patterns observed in previous bull markets, Bitcoin has risen more than 300% since its 2024 low of about $25,000. During these cycles, Bitcoin’s ROI (Return on Investment) has historically grown exponentially, frequently reaching new all-time highs. Even at its current…

Ethereum price has stalled at the resistance level of $4,000, but on-chain metrics and other external factors points to more gains. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, was trading at $4,008. But the momentum failed to continue as it has faced resistance over the past three consecutive weeks. Still, ETH has positive catalysts that could push its price higher in the near term. The first main catalyst is that Bitcoin (BTC) has continued rising and moved to a record high this week. Altcoins like Ether often follow the price of Bitcoin. Spot Ethereum ETFs are also seeing strong…

Eric Balchunas, Bloomberg’s senior ETF analyst, has opined that it could take a while for business intelligence firm MicroStrategy to become part of the S&P 500 stock market index. In order to become part of the index, companies are supposed to have cumulative positive profits over the past four quarters. MicroStrategy, however, was profitable for only one out of the last four quarters. That said, a new accounting rule that would allow the company to log the changes in the fair value of its Bitcoin fortune as net income. This means that the company could potentially start reporting impressive earnings…

Prominent exchange listings often ignite massive price surges for lesser-known tokens, especially during a bull market. South Korean crypto exchange giant Upbit’s announcement to list MOCA Network (MOCA), for one, has had a dramatic effect on its market performance. Whale Moves Millions in MOCA After Upbit announced the listing of MOCA, its price surge prompted two wallets, likely linked to the same whale, to deposit 9.5 million MOCA tokens worth $3.55 million to Bybit. If these tokens are fully sold at the current price levels, the whale stands to make an impressive profit of $2.55 million, highlighting the significant market…

The incoming U.S. President, Donald Trump, has reiterated his support for the blockchain community. Trump sent a video message to the Blockchain Association during their recent Policy Summit gala, assuring them of his administration’s commitment to positioning the U.S. as a global leader in blockchain innovation. Blockchain Association Receives Trump’s Support The Blockchain Association shared Trump’s message on X, expressing optimism about his administration. The association stated that Trump would be the first pro-crypto President of the United States, governing alongside one of the most blockchain-friendly Congresses in history. We’re honored to share a message from @realDonaldTrump delivered to our…

After Upbit, South Korea’s another top crypto exchange, Bithumb, has listed MOCA, now rebranded as Mocaverse (formerly MOCA Network) and Moo Deng(MOODENG), thus, pushing both MOODENG and MOCA to surge. Trading pairs in KRW markets will go live on December 16, 2024, at 2:00 PM KST. Bithumb: MOODENG and MOCA Trading Begins 🚀 무뎅(#MOODENG) 원화 마켓 추가 안내 New Listing : $MOODENG will be added to the KRW market today. For more details 👉 https://t.co/cHWnt2Kc38 #bithumb #Listing #KRWmarket #MooDengSOL @MooDengSOL pic.twitter.com/qP9L5DybO2 — Bithumb (@BithumbOfficial) December 16, 2024 According to the official notice, the supported network for trading MOCA is Ethereum…

Four years ago, as the world grappled with the economic fallout from the COVID-19 pandemic, the U.S. government issued $1,200 stimulus checks to eligible Americans under the CARES Act. While many recipients used these funds to cover immediate needs, others saw an opportunity for long-term investment—particularly in Bitcoin (BTC), which was trading at a fraction of its current value. Fast forward to 2024, Bitcoin has achieved a historic milestone, crossing the $100,000 mark amid robust interest from both institutional and retail investors. At press time, Bitcoin is trading at $99,866, reflecting a 7% weekly gain. On the monthly chart, the…

Ethereum eyes a breakout above $4,023, with a retest potentially confirming bullish momentum toward $4,087.73. Failure to maintain above the VAH could push ETH/USD down to test support near $3,729 and the blue demand zone. Volume analysis signals indecision, with critical zones at $4,023 resistance and $3,729 support guiding ETH’s next move. Ethereum’s price shows upward momentum, trading at $3,968.81, near the value area high (VAH) of $4,023. Analyst CJ identifies critical levels for ETH/USD, highlighting potential bullish and bearish scenarios. The current price movement positions Ethereum within a well-defined range, with attention paid to its next steps. Bullish Breakout…

Bank Indonesia has completed the Proof of Concept (PoC) for its Wholesale Rupiah Digital Cash Ledger. This initiative advances the country’s Central Bank Digital Currency (CBDC) development through Project Garuda. Bank Indonesia Governor Perry Warjiyo announced that the central bank has completed the “Immediate State,” representing the first phase of the Rupiah Digital exploration journey. The development aligns with the bank’s mandate as Indonesia’s sole currency issuer and responds to the rapid growth of the digital financial economy. “This achievement is a manifestation of Bank Indonesia’s commitment to the development of the Rupiah Digital in response to the rapid growth…

IP-backed memecoin Simon’s Cat (CAT) surged 50% Monday after becoming the first cat-themed token to get a coveted Binance spot listing — amid some meme tokens taking the plagiarism heat. CAT zoomed from $0.000039 to a record peak of $0.000067 in early Asian hours Tuesday, data shows, before paring gains. Trading volumes rose tenfold from $55 million to over $500 million. Open interest in the token’s future products nearly doubled to over $60 million, showing a bump in expectations of further volatility with a bullish bias. Binance said Monday it would offer airdrops of CAT to users of their Earn…