Author: NBTC

Bitcoin has been on an upward trajectory for a while now, witnessing a significant rally within the broader crypto market and reaching the $64,000 threshold on Sunday, as analysts have identified trends that could decide the asset’s next direction. Bitcoin Poised To Witneesed A Rally Or Dip In Short Term Cryptocurrency analyst and trader Ali Martinez has taken to the social media platform X (formerly Twitter) to share his insights on Bitcoin’s price action in the short term with the crypto community. Martinez has spotted an area that could either lead to an uptick or a correction. Ali Martinez highlighted…

Bitcoin’s (BTC) price has garnered significant attention recently as it edges closer to the $50,000 mark, driven by a bullish weekly divergence. Top crypto analyst Michaël van de Poppe took to X (formerly Twitter) to highlight Bitcoin’s impressive trajectory, noting its recent break above the $48,000 barrier. The renowned analyst remarked that the Bitcoin price is looking at the resistance, highlighted by a massive weekly candle that had pushed Bitcoin back above $48,000. He expressed his interest in seeing what the price would do around $50,000 in the upcoming 1-2 weeks, thereby underscoring the critical resistance level that Bitcoin faces.…

Ethereum has recently witnessed a notable uptick, with its value ascending towards the $2,400 threshold, mirroring Bitcoin’s stable position above $46,000. This surge comes at a crucial time, just as the market anticipates the SEC’s imminent decision today. The anticipation has brought a spike in purchasing interest, sending the ETH price towards a critical test of its resistance level. Despite this momentum, current on-chain data indicate that Ethereum may encounter a downward adjustment at this key resistance point. Additionally, declining interest from large-scale investors, or ‘whales’, could potentially slow down Ethereum’s ability to follow Bitcoin’s upward trajectory. Heavy Liquidation As…

Egypt reportedly aims to launch a central bank digital currency by 2030 to boost the competitiveness of its national currency. According to an Egyptian economic expert, a digital currency issued by the central bank is more secure than privately issued cryptocurrencies. Enhancing Monetary Policy Efficiency According to a report, Egypt plans to issue a central bank digital currency (CBDC), the e-pound, by 2030. The Central Bank of Egypt (CBE) will issue this digital currency, which is expected to boost the competitiveness of Egypt’s national currency and enhance the efficiency of monetary policy. Details of the North African country’s CBDC goals…

Dymension is a blockchain platform that has celebrated its mainnet launch, with the cryptocurrency underlying it gaining traction after recording new highs. For the last two days, DYM has observed extraordinary growth in value of over 92%, recording an all-time high of $8.31. At press time, DYM was trading at $7.77, a 17.87% surge from the intra-day low. DYM/USD 24-hour price chart (source: CoinStats) During the rally, DYM’s market capitalization and 24-hour trading volume surged by 17.92% and 63.89%, respectively, to $1,138,271,808 and $634,552,820. Mainnet Launch Fuels Investor Optimism The Dymension mainnet launch has been a pivotal event, contributing to…

10x Research CEO Markus Thielen, who knew about Bitcoin’s decline to $ 38,000, shared a new analysis. Referring to his January report in which he described the downward trend in Bitcoin as over and the 43,800 level as a critical breakout level that could quickly move it to 48,000, Thielen evaluated whether it was time to sell BTC in his new report. The analyst, who stated in his other reports that February was in an upward trend and that 52,000 could be reached in his analysis, said that in February, according to historical data, there is a 70% probability that…

NodeMonkes NFT price jumps by over 25% in the last 24 hours. The collection’s market value hits $565 million, ranking it third among NFTs. Surpasses Pudgy Penguins and MAYC, trailing only behind CryptoPunks and BAYC. In a remarkable display of market dynamics within the NFT space, the Bitcoin-based NFT collection NodeMonkes has witnessed an impressive surge in its price over the past 24 hours. The price of each NodeMonke has climbed by more than 25%, reaching 0.89 BTC, which is approximately $56,500 at current exchange rates. This significant price increase has propelled the collection’s market value to a staggering $565…

Offering a unique insider perspective, David Choi chronicles his encounter with arguably the most notorious trade in crypto’s history. Unpacking the ‘Widowmaker Trade’ That Upended the Crypto Industry In the annals of cryptocurrency’s roller coaster history, 2021’s so-called ‘widowmaker trade’ stands out for many reasons, including the amount of veterans it caught by surprise and the number of entities like Three Arrows Capital (3AC), Blockfi, and FTX that ultimately were undone by it. David Choi, an angel investor, MEV sniper and former crypto fund manager, shared a fascinating insider’s account in a thread on X, detailing his journey through the…

The ecosystem of Floki has recently demonstrated remarkable technological utility and demand, as evidenced by the burning of 7,369,216,304 $FLOKI tokens for approximately $1,120,120.88. A week-long token burning of this magnitude demonstrates that Floki is committed to developing a deflationary token model that distinguishes it from other meme-based cryptocurrencies, including $PEPE, $WIF, $SHIB, and $DOGE.  The Floki token’s inherent deflationary nature dictates this course of action, which is, without a doubt one of the most notable aspects of Floki’s development voyage. At the same time, its utility products remain in demand; thus, they are permanently removed from circulation. The significant…

In a thrilling turn of events, ID, the native token of the Space ID platform, echoed a torrent of speculative buzz across the global crypto horizon on Friday as the token’s price surged phenomenally over the past 24 hours. Amid the token’s phenomenal surge, a trader appears to have offloaded 5 million ID, worth $3.1 million, to Binance, a prominent cryptocurrency exchange. Meanwhile, the token’s recent listing on UpBit, a South Korean crypto exchange, appears to be fueling the ID price upswing. Following this, the trader’s colossal dump to Binance birthed additional inferences for the token, garnering noteworthy interest among…