Author: NBTC

Ethereum (ETH) has fallen back above the $3,000 support and has resumed its upward trend after peaking at $3,400. Nevertheless, further upside for Ether is unlikely as it faces another rejection at the $3,200 high. Ethereum price long-term analysis: bullish This week, the largest altcoin fluctuated above the $3,000 support as it faces a rejection at its recent high, as reported by Coinidol.com. On the downside, ETH risks a decline if the current support level is breached. Ether will fall above its 21-day SMA or the $2,800 support. The downtrend will resume if the price falls below the moving average…

The well-known blockchain TRON has witnessed a huge 1928% surge in transfer volumes following October last year. The latest data from the cross-chain liquidity platform Symbiosis, the rising transaction volume signifies a growing adoption rate for TRON. The liquidity platform disclosed this development on social media platform X. And #Tron stats are in again!Since Oct 2023, @trondao volumes have increased by an incredible +1928%!We honestly didn’t expect to see numbers THIS high! 🤯How often do you use Tron? We offer a fast and convenient bridge 😉🔺 https://t.co/6RiDXoWh0b 🔺 pic.twitter.com/kj0EOmCSrf — Symbiosis (@symbiosis_fi) November 2, 2024 TRON’s Transaction Volume Rises, Indicating…

The way BTC options trading on Deribit are currently priced suggests a 9.58% chance of prices rising above $100,000 by Dec. 27. The possibility of prices rising to $82,000 is higher, according to one observer. Options market probabilities can change quickly with market conditions. As sophisticated and retail investors rally around the possibility of bitcoin’s (BTC) price surging to at least $100,000 by the year-end, the options market tied to the cryptocurrency assigns a low probability of such a surge materializing. At press time, the way options were priced on dominant exchange Deribit showed a 9.58% probability of BTC topping…

In a half hour, Ethereum’s futures market saw a substantial $200 million inflow, indicating increased activity and renewed interest in the cryptocurrency. The charts indicate that Ethereum’s price recovered sharply in tandem with this spike in open interest, indicating that investors might be preparing for a possible bullish breakout. Investors and traders are becoming more confident, as evidenced by this capital infusion into futures markets. These kinds of movements frequently indicate expectations of higher volatility — usually with an upward bias. Nonetheless, it might also indicate that certain players are hedging or getting ready for significant changes in the market.…

SimpleHash launches the Aptos Ecosystem Program, offering developers complimentary API access and priority support to streamline development. The blockchain strengthens its ecosystem through strategic partnerships and tools like SimpleHash’s integration and AI tools for the Move language. Aptos is making great progress in its mission to improve the development landscape through new and meaningful initiatives. The blockchain is scheduled to integrate with SimpleHash, per a recent blog post on the SimpleHash site, therefore bringing a complete Aptos Ecosystem Program. Using SimpleHash’s capabilities, this strategic endeavor seeks to speed up application development inside the Aptos ecosystem. this is a big one…

Russian authorities have announced plans to ban crypto mining across occupied territories of Ukraine as the war between the two nations ticked over into its thousandth day. Russia’s Deputy Prime Minister Alexander Novak led a meeting attended by top ministers at which they reportedly discussed the country’s “difficult regime-balance” and how it is impacting an electricity industry that sees a lack of supply and capacity during the autumn-winter months. According to the Moscow Times, Russia’s government is covering all bases — including invaded ones — with a proposed crypto mining ban that extends to captured Ukraine territories, such as the…

Bitcoin’s surge toward its two-month high of $69,000 was fueled by strong inflows into spot exchange-traded funds and a marked rise in short liquidations. At press time Bitcoin (BTC) was trading at approximately $67,739, rising by 0.6% in the past 24 hours, while the asset’s market capitalization hovers around $1.33 trillion, driven by a daily trading volume close to $30 billion. Short liquidations surge, fueling price rally Data from Coinglass indicates that short liquidations played a critical role in propelling Bitcoin’s latest upward movement. Over the past 24 hours, Bitcoin short liquidations reached $17.91 million, surpassing $11.8 million in long…

OnChain Lens, an on-chain analyst, claimed that Vitalik Buterin, the founder of Ethereum, made news with NFT activity. Vitalik minted 400 Patron NFTs after bridging 32 ETH from the Ethereum blockchain to Base. Patron NFT project is associated with the Truemarkets Fair launch event, in which over 40% of the TRUE token supply will be distributed to Patron holders during the token generation event (TGE). There are a total of 15071 Patron NFTs available for sale with the minting price of 0.08 ETH per. Each NFT holder will be eligible to receive 666.67 TRUE tokens per NFT. As the crypto…

Ethereum remains consolidated within the $3.1K range. ETH’s surge is crucial to bolster the altcoin rally. The altcoin market saw remarkable growth this month, with SOL, XRP, ADA, PEPE, and FLOKI surging in double-digit returns. Consequently, the anticipation of the altcoin season mounts. ETH’s surge might be the missing piece to solidify the altcoin market rally. The largest altcoin, Ethereum (ETH) has stalled behind other major assets and failed to secure expected gains. After visiting a high of $3.4K on 12 November, ETH price failed to continue its upside trajectory and started a downside correction. Ethereum managed to find its…

The new day brought a new controversy around Cardano (ADA), and this time because of Charles Hoskinson, creator, founder of the blockchain and the leading representative of its decentralized ecosystem. The controversy allegedly erupted after Hoskinson commented on a meme coin that mimicked his Waldo costume for Halloween. In addition to commenting on an unproven asset, the entrepreneur included a link to its price chart. As in most cases, the meme coin turned out to be rugged by its developer with all liquidity gone, and the frustration of the ADA community turned to Hoskinson, who in the view of some…