Author: NBTC
The Ethereum (ETH) price has moved slowly relative to Bitcoin (BTC) for nearly 500 days. The Relative Strength Index (RSI) just gave a signal that has only been seen twice before. Ethereum Returns to 1600-Day Support The Ethereum/Bitcoin (ETH/BTC) chart shows that the ETH price has fallen under a descending resistance trend line (dashed) since September 2022. The downward movement led to a low of ₿0.049 in December 2023. The low validated a long-term ascending support line for the fourth time (green icons). The Ethereum trend line has been in place for nearly 1,600 days. On the other hand, the…
Bill Miller IV, CFA at Miller Value Partners, stated that he believes investing in the MicroStrategy (MSTR) stock is better than choosing Spot Bitcoin ETFs. He shed light on the shortcomings of these ETFs, including liquidity restrictions. In addition, he encouraged investors to invest in MSTR to indirectly bet on Bitcoin (BTC). Why is MicroStrategy stock better than Spot Bitcoin ETFs? Miller noted that MicroStrategy is the biggest holder of Bitcoin currently. Hence, betting on the MSTR stock would open up opportunities to leverage the profits Bitcoin makes. Moreover, he noted that the MSTR stock provides better liquidity than Bitcoin…
Ripple just released its latest XRP markets report for Q4 2023, revealing that it changed the manner in which it sold XRP to institutions even before the pivotal July 13 ruling. The markets report, released on Feb. 7, details the pivotal developments that occurred around the XRP market in recent times. Ripple disclosed that XRP recorded a revival in spot trading volume throughout the fourth quarter, averaging $600 million daily. Our latest XRP Markets Report is live — detailing Q4 events in crypto that brought important topics such as compliance and anti-money laundering to the forefront, key regulatory and licensing…
Leading cryptocurrency by market capitalization Bitcoin has demonstrated its position in the financial market by moving up the ladder to become one of the top assets in the world. Bitcoin Market Cap Inks Close to $1T According to a long list for the ranking of all assets including public companies, precious metals, cryptocurrencies, and ETFs, Bitcoin emerged as the 10th largest asset. It was preceded only by gold, silver, and some top tech companies like Microsoft, Apple, and Amazon among others. By this ranking, Bitcoin surpassed Elon Musk-owned Tesla, payments giant Visa, and even banking behemoth JPMorgan. Bitcoin hit this…
In the midst of the roaring Bitcoin rally, analysts at Bernstein predict a significant resurgence of the decentralized finance (DeFi) sector, which is expected to lead the charge in the next phase of cryptocurrency market evolution. The rebirth of DeFi thanks to the Bitcoin rally As Bitcoin approaches its all-time highs, analysts predict a “big bang” recovery for the DeFi, which will mark a crucial moment for the decentralized finance niche. While the surge in the price of Bitcoin has been largely attributed to the influx of exchange-traded funds (ETF), Bernstein analysts Gautam Chhugani and Mahika Sapra predict a broader…
In the ever-evolving landscape of the cryptocurrency market, Ethereum (ETH) has found itself under the scrutiny of analysts as the digital asset hovers around crucial price levels. A prominent figure in the crypto space known as Crypto Tony on X (formerly Twitter) recently shared insights, asserting that Ethereum’s bullish momentum could be initiated if it maintains a position above $2,130, with even greater optimism should it reclaim the range high at $2,500. As of the latest market data, Ethereum is currently priced at $2,262, reflecting a modest 1.22% increase over the past 24 hours. However, the cryptocurrency has experienced a…
Bill Miller IV, the Chief Investment Officer of Miller Value Partners, appeared on CNBC’s “Closing Bell” on 12 January 2024 to discuss the newly launched US-listed spot Bitcoin ETFs and their implications for the cryptocurrency market. Miller Value Partners is an investment management firm known for its value-oriented investment approach. Founded by Bill Miller, a renowned investor, the firm specializes in identifying undervalued assets and investing in them for long-term growth. Miller, famous for his tenure at Legg Mason where he outperformed the S&P 500 for 15 consecutive years, brings his expertise in value investing to Miller Value Partners. The…
Shiba Inu, one of the most prominent meme coins functioning atop Ethereum, once again curated a tidal wave of speculations across the broader crypto market on Friday, following a colossal surge witnessed in its burn rate. As per Shiba Inu’s burn tracker Shibburn, a whopping 7.64 million SHIB was incinerated over the past 24 hours, nabbing significant attention globally. As a result, the burn rate soared to 191.69%, as per market charts. Meanwhile, the meme coin traded primarily in the green as of press time, mirroring today’s surge in its burn rate. SHIB Burn: A Closer Look Into the Report…
Doctor Profit predicts a surge to $52,000, citing technical breakthroughs. Monthly Supertrend turns very bullish, hinting at a golden bull. DoctorProfit celebrates the 4th-anniversary of his analysis channel. In the latest comprehensive Sunday report, Doctor Profit, a highly regarded Bitcoin and cryptocurrency market analyst, delivered a detailed analysis of Bitcoin’s recent performance and outlined his predictions for the immediate future. #Bitcoin – whats next ?The big Sunday report, all you need to know:🚩 TA/ LCA/ Psychological Analysis: Last week when Bitcoin was between 40-42k I told you that Market changed and I notified you that BTC indeed managed to breakout…
Ethena 2, alongside the Aave Chan Initiative (ACI), has proposed the addition of sUSDe, a synthetic dollar derivative, to Aave V3 on Ethereum. This move seeks to leverage Ethena 2’s innovative financial mechanisms to enrich the Aave ecosystem, promising enhanced utility and potential for yield generation through DeFi strategies. Incorporating sUSDe to Bolster DeFi Liquidity and Stability The Ethena 2 proposed by the proposition is not an addition of one more asset to the Aave platform; rather it is a strategic integration that is aimed at strengthening the liquidity and stability of the DeFi ecosystem. The synthetic dollar of Ethena…