Author: NBTC
The price of Ethereum (ETH) has retested the $3,800 resistance twice as buyers try to sustain the upside momentum above this level. Long-term analysis of the Ethereum price: bullish Buyers are planning to push the largest altcoin to a high of $4,000. On March 5, Ether tested resistance around $3805, but then quickly fell to a low of $3,200. Bulls immediately bought the dips, and Ether returned to a high of $3,830 at the time of writing. The extended candlestick tail on March 5 indicates significant buying pressure near the $3,200 support level. The bulls have tested this obstacle for…
March meme madness rages on as Floki Inu (FLOKI), Dogwifhat (WIF), and PepeCoin (PEPE) have all posted double-digit gains in the past day. Altogether the three meme coins have seen $2.8 billion worth of volume in the past 24 hours, according to CoinGecko data. Shiba Inu dog-themed Ethereum token Floki Inu catapulted itself into the very meme 69th largest digital asset by market capitalization—up from 75th largest as of Monday, according to CoinGecko data. At the time of writing, the FLOKI price is $0.0001837 after having increased 38% in the past day. And its market capitalization is now $1.8 billion.…
As we reported earlier, cryptocurrency exchange Binance announced the launch of Futures NEXT. This new platform allows users to interact with token listings and rewards them for correctly predicting which tokens will be listed on Binance Futures’ USDⓈ-M market. However, Binance clarified that while Futures NEXT allows users to make predictions about potential futures listings, these predictions will not affect the listing process. According to its statement, Binance follows a strict listing process and does not guarantee any listing. There are currently 22 tokens up for voting on the official platform for the listing that Binance users want to list…
Bitcoin has shown a significant bullish trend across short, medium, and long terms, indicating strong investor optimism. The cryptocurrency has broken past key resistance levels, with no immediate resistance in sight, suggesting further potential for price increases. “RSI levels above 70 across all terms underline Bitcoin’s strong momentum, though caution is advised due to potential overbought conditions,” analysts note. Bitcoin’s recent technical analysis underscores a bullish outlook across short, medium, and long terms, with the currency breaking key resistance levels and showing strong investor optimism. Short-Term Outlook: Strong Bullish Signals BTCUSDT 4D CHART 8 March Analysis In the short term,…
Sales of Non-fungible tokens (NFTs) have witnessed a notable uptick this past week, climbing 11.62% to hit $442.02 million over the previous seven days. The most significant transaction was the sale of the ‘Alien’ Cryptopunk #3,100, donning a headband, for $16 million, with Bitcoin-based NFTs claiming the lead in sales volume across 22 different blockchains. 7-Day NFT Sales Jump 11.62% This week saw another increase in NFT transactions, with Bitcoin-based NFTs at the forefront, amassing $166,090,817 in sales. The demand for Bitcoin digital collectibles soared by 14.26% from the previous week, according to cryptoslam.io figures. Leading the charge were two…
Michael Van Pope, a prominent crypto analyst, took to X speculating a new all-time-high for Ethereum. He stated two key factors driving the bull run could be the Dencun upgrade and the likelihood of ETF approval. Ethereum (ETH) crossed $3,000 and surged to $3,800 earlier this week, marking its highest value in nearly two years. The next in line for a potential all-time high test is #Ethereum.Why?– Dencun upgrade.– Potential Spot ETH ETF approval.Crucial resistance is approaching, but the $BTC pair has barely moved. We’ll likely see more strength coming from this asset. pic.twitter.com/LyWh8ht9ow — Michaël van de Poppe (@CryptoMichNL)…
In a startling revelation, on-chain data has unveiled a substantial surge in Shiba Inu token purchases, totaling over $10 million in the last 24 hours. Blockchain explorers have tracked the movement of a staggering 311.17 billion Shiba Inu tokens to an unknown wallet, executed in two sizable transactions. The first transfer saw an enigmatic individual funneling 288.639 billion SHIB, valued at $9.1 million, into the anonymous wallet. Following closely behind it, a more modest transfer of 22.531 billion SHIB, equivalent to $736,080, was completed, reportedly originating from the Bitvavo exchange. What is intriguing is the potential link between these transactions…
Worldcoin controversy in South Korea is driving trades on the Bithumb crypto exchange, a media report has claimed. According to Busan Ilbo, trading in the Worldcoin (WLD) token has spiked in the wake of a new Personal Information Protection Commission probe. This has seen WLD trading balloon on the platform. On March 4, 24-hour Worldcoin trading surpassed Bitcoin transaction volumes “by nearly 2 billion won [over $1.5 million].” Worldcoin Controversy: Bithumb a Beneficiary? Authorities believe that at least 50,000 South Koreans hold WLD tokens. However, the coin has reportedly “gained great popularity among crypto investors” in recent weeks. The media…
The upcoming Bitcoin halving in April is expected to trigger significant price fluctuations, presenting unique investment opportunities. Historical patterns suggest a potential price surge post-halving, underscoring the importance of strategic investment planning. “Investing in Bitcoin around halving events requires careful analysis and understanding of market dynamics.” – Expert Analysis. This guide explores effective strategies to capitalize on the Bitcoin halving event, offering insights into timing the market, short-term and long-term investment planning, and the benefits of diversification and derivatives trading. Understanding Market Timing Ahead of the Halving Timing the market, based on the principle of “buying the rumor, selling the…
The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, refused to be drawn on whether the regulator considers Ethereum to be a security—even as the SEC considers multiple applications for spot Ethereum ETFs. Speaking on Bloomberg TV, Gensler said he would “defer on that question,” when pressed on whether the regulator viewed Ethereum as a security. “On any one of these crypto tokens, it’s about the facts and circumstances as to whether the investing public is anticipating a profit based on the efforts of others,” he said. “We do have filings in front of us. I’m not…