Author: NBTC

The crypto market has recently been experiencing a substantial increase in the whale activity with huge $VIRTUAL buyouts. As per the data from Lookonchain, two new wallets, potentially controlled by the same whale, have redeemed 10M $USDC tokens from Coinbase, purchasing 4.25M $VIRTUAL tokens. Whales are buying $VIRTUAL! #VIRTUAL2 fresh wallets(likely belonging to the same whale) withdrew 10M $USDC from #Coinbase to buy 4.25M $VIRTUAL at $2.35.0xcf4d…b6bc spent 406 $ETH($1.58M) to buy 664,361 $VIRTUAL at $2.39.Address:0x6ad3e576b9df3de97e72866b8ac84642bcb717b3… pic.twitter.com/hXnLjNn7So — Lookonchain (@lookonchain) December 14, 2024 Whales Purchase 4.25M $VIRTUAL Tokens for 10M $USDC Coins, Suggesting an Interest Renewal in Altcoin Sector The…

Bitcoin has experienced a period of sideways price action over the past two weeks. Despite this, the leading cryptocurrency has seen one of its largest bouts of accumulation in recent memory. This accumulation, valued at $23 billion, has helped maintain Bitcoin’s price above the critical $96,000 level. Bitcoin Investors Are Optimistic The Cost Basis Distribution (CBD) provides key insights into the Bitcoin market’s current sentiment. Data reveals that $99,559 has emerged as the largest accumulation zone, with 125,000 Bitcoin bought just below the $100,000 mark. Meanwhile, the range between $96,000 and $98,000 has also seen significant accumulation, with 120,000 BTC…

Ethereum (ETH) saw a dip on December 9 but recovered back above the 21-day SMA. On December 9, the bulls bought the dips and started an uptrend above the 21-day SMA. The largest altcoin is starting the second wave of its upward momentum. Buyers are hoping to push Ether above $4,000. Ethereum price long-term analysis: bullish A break above the recent high will catapult the altcoin to a high of $4,500. On the upside, the bears will offer resistance near the psychological $4,000 mark. The uptrend is currently encountering early resistance above the 21-day SMA. If the bulls are unable…

The Fed will be cautious about cutting interest rates in 2025 and will pause its quantitative easing cycle after June, according to Comerica Bank chief economist Bill Adams. Speaking at a finance panel, Adams outlined his predictions by suggesting the Fed will cut rates twice in 2025, in March and June, before adopting a “wait and see” approach for the rest of the year. “The Fed signaled at its September meeting that they are looking to lower interest rates to a less restrictive level,” Adams said, noting that inflation has slowed to between 2.5% and 3%, but is still above…

Wietse Wind, founder of Xaman development team XRPL Labs, has called for a reduction in the XRP Ledger’s (XRPL) account reserve fee. Taking to X, Wind recently explained why he supports reducing the account reserve from 10 XRP (about $5.50) to 1 XRP ($0.55), a 90% drop. His argument centers on making the XRPL more accessible, especially to users and projects in regions with lower purchasing power. Currently, the XRPL requires users to hold a reserve of 10 XRP in their accounts, which they cannot access while the account remains active. This reserve fee aims to prevent excessive account creation,…

REI Network has collaborated with Imagen AI to revolutionize the intersection of artificial intelligence and Web3 technologies. This partnership aims to empower creators by enabling the seamless minting, trading, and sharing of AI-generated NFTs. It leverages REI’s high-performance, zero-fee blockchain framework alongside Imagen’s state-of-the-art AI image generation capabilities. REI Network is a high-performance blockchain for web3. Imagen AI is renowned for its cutting-edge AI-powered image generation technology. REI Network joins forces with @Imagen_Network to redefine the AI x Web3 experience! 🎨💻With REI’s high-performance, zero-fee blockchain framework and Imagen’s cutting-edge AI image generation, we’re enabling creators to mint, trade, and share…

At the Bitcoin MENA conference in Abu Dhabi, SkyBridge Capital founder and former White House Communications Director Anthony Scaramucci made a bold prediction: China will re-enter Bitcoin by the end of 2025. Speaking with conviction at the ADNEC Centre on December 10, Scaramucci laid out his forecast: “Now that the United States is open to this idea, I think it would be impossible to suggest that other countries wouldn’t do the same thing. I’m sitting here today in December 2024. I’ll make a prediction here: By this time next year, the Chinese will be back in the Bitcoin game.” He…

Ethereum’s price has struggled to break above the $4,000 psychological barrier since it reclaimed its year-to-date high of $4,093 on December 6. However, market participants continue to accumulate the leading altcoin despite broader market consolidation. This increases the likelihood of a break above the $4,000 price level in the near term. This analysis details why. Ethereum Buy Orders Surge Ethereum’s Taker Buy-Sell Ratio has surged to a monthly high of 1.033, indicating a spike in buy orders in the coin’s derivatives market. This metric offers insight into an asset’s market sentiment and potential price direction by comparing the volume of…

The Federal Reserve is expected to implement a quarter-point rate cut at its upcoming December meeting, lowering the benchmark rate to a range of 4.25% to 4.50%, according to a Bloomberg report. This anticipated move aligns with market expectations, as indicated by the CME FedWatch tool, which shows a 96.9% probability of the reduction. If implemented, it would mark a full percentage point decrease since September, highlighting the Fed’s ongoing efforts to manage economic conditions. Market projections indicate fewer rate cuts in the coming year as inflation remains persistent and economic growth continues to show strength. This outlook is bolstered…

The South Korean National Assembly is reportedly planning a detailed investigation into the altcoin AVAIL over price manipulation concerns. Democratic Party of Korea lawmaker Min Byeong-deok plans to call the AVAIL token the “second Burger Coin” during Thursday’s Political Affairs Committee meeting. South Korean regulators will examine AVAIL’s transactions on the Bithumb exchange in July. Byeong-deok first used the term “Burger Coin” last year to describe the SUI coin, which faced scrutiny because the foreign-issued token was being traded domestically. Now, the term is being applied to the AVAIL token. The legislator said: “October 17’s audit will let us address…