Author: NBTC

Bitcoin consolidates post surge, with prominent market analyst Egrag noting key resistance and support levels to watch for a decisive move. Bitcoin’s recent price movement points to a consolidation phase, as it fluctuates just below the $65,000 mark. While bullish momentum appears to be building on various timeframes, market analysts remain cautious. Analysis Points to Key Levels According to Egrag Crypto, a prominent analyst, the three-day time frame for Bitcoin shows a concerning trend. Per his chart, the five local tops candle formation indicates wicks from the upside, suggesting significant selling pressure at the peaks. This pattern is seen as…

Bitcoin has officially hit the historic $100,000 mark for the first time. Bulls are already targeting levels beyond $103k at the time of writing. As the focus has now shifted to Bitcoin, the second largest cryptocurrency–Ethereum is also showing strong bullish momentum. Right now, Ethereum is breaking out towards $4,000 and looking at the weekly Ethereum chart, the price is showing strong performance ahead. Ethereum is approaching a major resistance zone around $3.9K to $4K. If it breaks above these levels, the next target would be the previous all-time high, around $4.7K to $4.9K, just under $5,000. On the 3-day…

The analyst who co-wrote this piece owns shares of MicroStrategy (MSTR). Despite all the weird memecoins and degen behavior in 2024, ETFs are in the running for story of the year in cryptocurrency investing. And that story — which began when bitcoin and ether exchange-traded funds debuted to great fanfare — might not be over. After a sixfold surge in its stock price this year, Michael Saylor’s bitcoin (BTC) investment firm MicroStrategy (MSTR) looks poised to join one of the biggest exchange-traded funds around, the $312 billion Invesco QQQ ETF (QQQ). That fund tracks the Nasdaq-100 Index. Every December, Nasdaq…

Supply chain-focused blockchain VeChain has boosted its ecosystem after receiving a US-approved patent for its latest innovation. Vechain confirmed the development in a retweet, citing an earlier post from pseudonymous community figure AprilStrawberry. The patent allows VeChain the exclusive rights to its latest temperature data innovation. Patent Details Approved on October 15, VeChain secured its third US patent in three months through NanoJClean Technology, the network’s offshore subsidiary based in China. Notably, NanoJClean prides itself on being a blockchain-enabled food traceability platform and an early contributor to the VeChain network. The patent, with number US 12,118,129 B2, gives VeChain the…

As the January 15 deadline for the SEC’s decision to appeal the Ripple lawsuit looms, discussions about the agency’s next steps are heating up. The XRP community is debating on whether the agency will pass up this deadline or submit a filing. Pro-XRP lawyer Jeremy Hogan recently weighed in on the situation, proposing a potential strategy for the SEC to delay the process until the new chairman joins. Lawyer Predicts SEC’s Next Steps in Ripple Lawsuit “The proper course of action would be to request an extension—say 30 days—to file the brief and explain to the Court why,” Hogan suggested…

The fact that Bitcoin grew by almost 40% in November had to be reflected in market activity statistics, including spot volumes of major cryptocurrency exchanges. According to the benchmark prepared monthly by Finance Magnates Intelligence, turnover increased by an average of 180% compared to the previous month and year. Although Bitcoin didn’t cross the psychological barrier of $100,000 in November and only did so today (Thursday), it fell short by just $200 last month. November increased Bitcoin’s value by $26,000 (37%) and sparked a new wave of euphoria in the market, igniting the imagination of analysts and investors, while providing…

Magpie Protocol, a cross-chain aggregation infrastructure provider, has announced an exclusive integration with Sonic Labs. As per Magpie Protocol, its decentralized application will launch and become completely operational on the well-known EVM L1 blockchain Sonic to let protocols and consumers leverage it for rapid transactions. The platform disclosed this development on its official social media account. Ready to fly at Super sonic speeds? 💨Magpie is incredibly excited to announce that we will be integrating with @0xSonicLabs Sonic Mainnet, the fastest EVM Layer 1 blockchain in the space!Magpie is going to be live and fully operational on day ONE of launch,…

Prominent Bitcoiner Michael Saylor, the founder and currently the executive chairman of MicroStrategy, has addressed the millions of his followers on X to share a crash course in Bitcoin with them. He also gave a warning to crypto investors about Bitcoin scams. In the meantime, Bitcoin is approaching the $65,000 level. Michael Saylor’s Bitcoin crash course Michael Saylor published a tweet, in which he invited investors to feel free to take his BTC crash course available via the link attached. Saylor stated that this course contains a detailed discussion of MicroStrategy’s Bitcoin business model. It also discusses “the growth opportunities…

Justin Sun’s team moved 41,630 ETH, worth $146M, into centralized exchanges. Major ETH Deposits Directed to HTX around 39k ETH and 2,630 ETH to Poloniex. Ethereum eyes $4,000 after breaking the $3,800 level as the next critical resistance level stands at $3920. Tron founder Justin Sun’s team is catching the eyes of crypto enthusiasts in the crypto space by transferring 41,630 ETH, worth $146 million, to centralized exchanges. This move comes after Ethereum’s impressive 60% rally over the past month, soaring to $3,860. Many in the crypto community are wondering: Is Sun cashing out profits or gearing up for a…

Japanese PM Shigeru Ishiba is uninterested in lowering crypto taxes for a hard-squeezed populace, as per comments made on Monday during a Q&A period at the House of Representatives plenary session. When pressed about crypto tax reform and crypto ETFs (exchange-traded funds), the warhawk prime minister questioned whether people should be encouraged at all to invest in such assets, resulting in anger from opposition parties. Citing a 2024 plan by the Financial Services Agency (FSA) to “reexamine” the topic of crypto, the leader of Japan’s Democratic Party for the People (DPP), Yuichiro Tamaki, said on X he wants “Prime Minister…