Author: NBTC

Ethereum price started a downside correction from the $3,500 resistance. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,500 and corrected gains. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,300 resistance level. Ethereum Price Dips To Support Ethereum price started a decent upward move above the $3,320 level but upsides were limited…

Digital asset inflows hit over $2 billion last week, fueled by Trump inauguration enthusiasm, with total assets under management reaching more than $170 billion. Crypto investment products saw inflows of $2.2 billion last week, according to data from European alternative asset manager CoinShares. In a blog post on Jan. 20, James Butterfill, head of research at CoinShares said the latest development marks the largest weekly inflows so far in 2025, attributing the surge to the Trump inauguration euphoria. Total assets under management hit $171 billion, reaching an all-time high, Butterfill revealed, adding that trading volumes on exchange-traded products were also…

A surge in crypto ETF applications emerged as Gary Gensler’s tenure at the SEC ended today. At least five new filings were submitted to the SEC after US business hours on Friday, coinciding with Gensler’s final day as the agency’s chair. New Crypto ETF Proposals Flood the SEC Among the notable filings, Tidel Finance introduced the “Oasis Capital Digital Asset Debt Strategy ETF” (DADS). This fund plans to focus on debt securities tied to several sectors, including digital asset mining, companies directly holding digital assets, payment companies, and more. ProShares also filed for a Solana Futures ETF. This follows a…

Nayib Bukele, President of El Salvador, has blasted the attitude of the opposition to its government, which has used his bitcoin policies as an attack vector against his administration. Bukele stated it is better to not listen to them. El Salvador’s President Nayib Bukele on Bitcoin Critics: Better ‘Not Listening’ to Them Nayib Bukele, President of El Salvador, has railed against critics of his bitcoin policy in the country. In one of his latest appearances, Bukele condemned the actions of local critics who have used his bitcoin policies, which have put El Salvador in the spotlight, as a weapon against…

Prominent crypto analyst Ali Martinez again suggests that Ethereum could trade above the $7,000 price point in the current bull market. Over the past two years, Ethereum (ETH) has crawled while fellow market leaders Bitcoin (BTC) and Solana (SOL) have soared to new record highs. Despite the underperformance, analysts have continued to offer investors hope of a looming ETH price explosion. In the latest instance, one such analyst has suggested that the asset could more than double in price in the current bull market, citing a historical pattern. Ethereum To $7,000? Prominent crypto analyst Ali Martinez has asserted that Ethereum…

Gate Ventures, the venture capital division of Gate.io, has committed $20 million to the BNB Incubation Alliance. The alliance is a collaborative initiative by Binance Labs and BNB (BNB) Chain, is designed to support blockchain and Web3 startups with funding, mentorship, and technical assistance, according to a Gate.io release. The BNB Incubation Alliance aims to connect venture capital firms, developer communities, and incubators to accelerate the development of blockchain projects. It focuses on early-stage startups and provides resources such as financial backing, professional coaching, and technical guidance. This investment from Gate Ventures is expected to enhance the alliance’s ability to…

The SEC announced today that Vanguard will pay over $106 million to settle charges against it. The charges allege that Vanguard issued misleading statements to investors about retirement funds. The funds received from this settlement will be distributed to the investors in question. SEC’s Legal Battle with Vanguard Vanguard, an American investment group, has run afoul of the SEC and its regulatory measures. The firm has not had many confrontations with the SEC in recent years. Although it is a major ETF issuer, it has generally avoided crypto ETFs. The SEC’s approval of Ethereum ETFs didn’t change the equation for…

After 10 consecutive Bitcoin purchases by MicroStrategy, this week marked a pause, with Michael Saylor not announcing any new acquisitions. As of January 20th, 2025, MicroStrategy’s Bitcoin holdings have reached 450,000 BTC, acquired at a cumulative cost of around $28.2 billion, with an average acquisition price of $62,691 per Bitcoin. Michael Saylor’s Vision and Latest Moves Michael Saylor continues to demonstrate unwavering commitment to Bitcoin, signaling potential for another purchase. His cryptic social media post, “Things will be different tomorrow,” coincides with President-elect Donald Trump’s inauguration. His public endorsement and continued accumulation of Bitcoin are seen as a signal of…

After the bears took control last night, Ethereum shows signs of a potential reversal from key support levels. Could this reversal drive ETH price towards a channel breakout rally? Volatility in the altcoin market surged overnight, with the total crypto market cap, excluding Bitcoin, falling 5.10% to $1.44 trillion. Amid increased volatility, Ethereum saw a significant pullback of 2.85%. This indicates a higher price rejection from the 24-hour high of $3,445, forming a bearish candle. Could this short-term correction lead to a decline to $3,000 for Ethereum? ETH Price Analysis Ethereum is currently forming a falling channel pattern on the…

MicroStrategy shareholders are set to vote on several key proposals during a special meeting scheduled for 10 a.m. New York time on Tuesday, according to a recent report from Bloomberg. The key focus of the vote will be to approve an increase in authorized Class A common stock from 330 million shares to 10.3 billion shares. Shareholders will also consider raising the number of authorized preferred shares from 5 million to 1 billion. Bloomberg reported that MicroStrategy’s upcoming shareholder vote is likely to easily approve the proposed measure, given co-founder and chairman Michael Saylor’s substantial voting power—approximately 46% through his…