Author: NBTC

Ethereum price extended losses and traded below the $2,500 support. ETH is consolidating and might struggle to recover above the $2,500 resistance. Ethereum started a fresh decline from the $2,550 resistance zone. The price is trading below $2,480 and the 100-hourly Simple Moving Average. There is a new connecting bearish trend line forming with resistance at $2,445 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it surpasses the $2,445 and $2,500 resistance levels. Ethereum Price Extends Losses Ethereum price struggled to stay above $2,500 and started a fresh decline like…

Celestia (TIA) aims to popularize its node structure by running a node in anyone’s browser. Using the TIA block explorer temporarily turns every user into a node operator. Celestia, the Data Availability network with modular scaling, is trying out a novel way of spreading awareness. Anyone opening the Celestia block explorer starts running a light node, serving to secure and decentralize the network. Celestia is approaching its first anniversary after launching its main net on October 31, 2023. The Celestia chain offered a Data Availability layer even before EigenDA, with the goal of becoming an intermediary between L2 and Ethereum…

The 2024 U.S. presidential election isn’t over yet, but politically-minded crypto companies have already turned their attention to fundraising for the 2026 midterm elections. Venture capital firm Andreessen Horowitz (also called a16z) donated another $23 million to pro-crypto super political action committee (PAC) Fairshake for the 2026 midterm election cycle, according to a blog post from Chris Dixon, a partner at a16z and the founder and leader of its crypto division. “Regardless of what happens in the 2024 elections, we’re committed to supporting policymakers, irrespective of party affiliation, who will work to establish a practical regulatory framework that protects consumers…

Aave (AAVE) may face selling pressure as whales and market makers are moving tokens back to centralized exchanges. Several large transactions moved AAVE to OKX, Binance and MEXC, potentially stalling the asset’s rally. Aave (AAVE) may stop its growth after several large whales sent tokens to Binance. The lending protocol expanded in 2024, as it became the main source of yield. Three whales moved AAVE to centralized exchanges, with potential price pressures on the token. One of the transactions belonged to market maker Cumberland, which moved 10K AAVE to OKX. Galaxy Digital and a smaller holder also unstaked their AAVE…

Market watchers are eyeing Ethereum (ETH) closely, with analyst Ali Martinez noting the possibility of a rally to $10,000. Since March, Ethereum has shown a downward trend, prompting speculation about its ability to recover and achieve substantial gains in the next bull market. An analyst has argued for Ethereum’s potential for growth, especially when drawing comparisons to the S&P 500’s market trends. Ethereum’s Correlation with the S&P 500 Market analyst Ali Martinez has highlighted Ethereum’s relationship with the S&P 500 (SPX) as a point of interest. Martinez shared comparative charts showing Ethereum (ETH/USD) alongside the S&P 500 Index. Both assets…

According to the 99 Year Golden Eagle Model, which solely considers XRP’s utility as a medium of exchange, the fair market value of XRP extends to five digits. XRP has lagged relative to the broader crypto market since it dropped from the $3.31 all-time high in January 2018. However, some market watchers attribute this underperformance to the SEC lawsuit, which ran from December 2020 to August this year. Other price suppression theories have also emerged. Consequently, industry commentators believe the current XRP market price is far below its fair market value. As a result, last year, Valhil Capital execs pooled…

Crypto fundraising platform Legion announced Monday that it has teamed with startup Bluprynt to add compliance solutions that enable developers in the EU to comply with MiCA rules when conducting token sales—without relying on a slew of lawyers. Bluprynt founder and CEO Chris Brummer told Decrypt in an interview that the partnership centers on driving down compliance costs. Whether it’s drafting white papers in a proper format, or coloring them in with on-chain data, he described Bluprynt as an end-to-end solution. “My goal has been to free up entrepreneurs to concentrate on their vision and put their capital toward its…

With years of historical data, we can observe the patterns from past bull cycles to become increasingly capable of making predictions about our current cycle. In this analysis, we take a deep dive into when the next Bitcoin peak may occur and at what price level. The Pi Cycle The Pi Cycle Top Indicator is one of our most popular tools for analyzing Bitcoin’s cycles. This indicator monitors the 111-day and 350-day (multiplied by 2) moving averages, and when these two lines cross, it has historically been a reliable sign of Bitcoin reaching a cycle peak, typically within just a…

In the crypto world, an oracle is a crucial component that connects off-chain data to on-chain smart contracts. These play a vital role in making decentralized finance (DeFi) protocols possible, as they provide the necessary information for smart contracts to execute and trigger actions. One company leading the way in this space is DIA Data.—With DIA’s novel, first-party DEX & CEX data scraping architecture that eliminates dependence on 3rd-party providers, it is poised to revolutionize the oracle industry. Dillon Hanson, the Business Development Manager at DIA Data, shares his insights on the current state of decentralized oracles and how DIA…

Ethereum’s valuation against Bitcoin (ETH/BTC) has reached a new low of 0.03508, at the time of writing, marking its lowest level since April 2021. ETH/BTC Chart (TradingView) This decline to a 3.5-year low has intensified discussions around Ethereum’s market cycle and its potential approach to its lower logarithmic regression trend line that has historically provided support during bearish phases. Analyst Benjamin Cowen suggests that ETH could reach this level in the coming weeks before 2025, as part of a broader cycle reset. This low aligns with patterns observed in 2016 and 2019, where Ethereum experienced significant drops before finding stability…