Author: NBTC

Bitcoin’s upward momentum shows no signs of slowing down, with analysts suggesting the market cycle top may still be ahead. According to Titan of Crypto, a market analyst, the token’s monthly RSI indicates further growth prospects. Historically, cycle tops in 2013, 2017, and 2021 coincided with the RSI reaching the overbought zone, a threshold that remains untested in the current bull market. The shared analysis highlights Bitcoin’s consistent cyclical patterns, showing that corrections are a normal part of the climb toward new highs. Titan of Crypto’s chart reveals that Bitcoin is following an upward trajectory, with the trend line suggesting…

The stock market’s recent retreat has left traders on edge, even as the S&P 500 remains close to its record highs. Despite a two-day pullback of just 0.9%, Wall Street’s fear gauge, the CBOE VIX index, has risen by 11%, signalling that some market participants are wary of a deeper correction.Momentum stocks, which had driven the market’s rally in recent months, showed signs of faltering this week. The reversal in popular plays on Monday, followed by a decline in the S&P 500 on Tuesday, has raised concerns that market strength may be running out of steam. However, the broader picture…

The Trump-linked World Liberty Financial (WLFI) token sale is live and so far, underwhelming. It’s been overshadowed by an AI-propelled memecoin tied to the old-school vulgar internet meme, goatse. (Please, if you’re unfamiliar with any of the goatse stuff, don’t Google it at work or with anyone around you, because it will absolutely get weird and NSFW.) The World Liberty Financial platform is pitched as a DeFi lending and stablecoin protocol, which would allow users to earn a yield on their digital assets. As of Wednesday morning, the WLF team had sold over $11.1 million worth of governance tokens as…

The Federal Deposit Insurance Corporation has been instructed to fully comply with a court order and make “more thoughtful redactions” to pause letters requested by crypto exchange Coinbase. On Dec. 12, Judge Ana C. Reyes flagged excessive redactions made by the Federal Deposit Insurance Commission in reply to Coinbase’s Freedom of Information Act complaints. Judge Reyes pointed to the FDIC’s lack of good faith and subpar court order compliance in documents it provided, according to Coinbase CLO Paul Grewal on X. Grewal added that the agency may also be withholding relevant information from the industry. In November of 2021 –…

Quantum leaps ignite discussions on Bitcoin’s future security measures and potential vulnerabilities. Key Takeaways Ava Labs co-founder highlighted the vulnerability of early Bitcoin holdings to quantum computing attacks. Current quantum computing capabilities do not yet pose a threat to Bitcoin’s security. Google’s new quantum computing chip Willow has sparked fresh concerns about Bitcoin’s security. As quantum computing advances, it could become powerful enough to crack the encryption of coins held by Satoshi Nakamoto, according to Ava Labs co-founder Emin Gün Sirer. Sirer warned that early Bitcoin holdings stored in Pay-to-Public-Key (P2PK) format could be vulnerable to quantum computing attacks. To…

Elon Musk has officially become the first individual to reach a net worth of $400 billion, a landmark achievement driven by significant gains in his privately held SpaceX and a surge in Tesla’s stock price. According to the Bloomberg Billionaires Index, Musk’s wealth now stands at $439.2 billion, cementing his position as the richest person in the world. SpaceX drives $50 billion wealth boost The most recent catalyst for Musk’s record-breaking net worth was a major insider share sale of SpaceX, his space exploration company. The sale increased SpaceX’s valuation to $350 billion, making it the world’s most valuable private…

Bitcoin’s rally past the $100,000 threshold was short-lived, as the leading cryptocurrency came tumbling below the level barely 24 hours later. This 14% correction within the past week was driven by market participants, especially long-term holders (LTHs), taking profits. According to a Bitfinex Alpha report, on-chain metrics like realized profit and perpetual futures funding rates signal that the market is stabilizing and profit-taking has eased off. BTC Slumps as LTHs Take Profits Bitcoin’s correction last week triggered over $1.1 billion in liquidations across long and short positions in major centralized exchanges. Bitfinex noted that 10% of the plunge occurred within…

The Fed may need to reevaluate interest rate policy in light of recent inflation trends, according to former Cleveland Fed President Loretta Mester. Speaking about the latest Consumer Price Index (CPI) report, Mester noted that although the report met expectations, it revealed a worrying pause in the progress of inflation, which could affect the FED’s future decisions. “The unfortunate thing is that it shows that we have a pause in the progress that was made on inflation,” Mester said. “That is a concern for the Fed because inflation has made very little progress over the last four months.” The September…

Shiba Inu’s Bone Shibaswap (BONE) token has broken its recent downtrend following its inclusion in a new lineup of trading pairs on OKX, a prominent crypto exchange. Starting on October 17, 2024, BONE will be available for trading against USDC, a stablecoin pegged to the U.S. dollar. The BONE price also saw a substantial rebound after the latest announcement. Shiba Inu’s BONE Bags OKX Listing The addition of Shiba Inu’s BONE, along with tokens like EigenLayer (EIGEN), Pendle (PENDLE) and Turbo (TURBO), is part of the crypto exchange’s strategy to expand trading options and further integrate USDC. This development provides…

SEC Chair Gary Gensler has issued a settlement demand to Elon Musk, warning him of potential charges unless payment is made within 48 hours. The Securities and Exchange Commission is reportedly preparing multiple charges, but the letter remains vague about the specifics, such as the exact nature of the charges and how many of Musk’s companies are involved. Recently, Musk’s attorney, Alex Spiro, was subpoenaed by the SEC, with threats of a process server if he didn’t comply. JUST IN: SEC Chair Gary Gensler has issued a settlement demand to Elon Musk, threatening charges unless Musk paid within 48 hours.…