Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Ascending Triangle Near $4,000 Signals a Bullish Breakout

EthereumDec 3

ETH forms a bullish pattern on the monthly chart, with key resistance at $4,000. A confirmed breakout above $4,000 could push ETH toward $8,000, marking a mid-term move. The $3,400 support provides a critical safety net during retracements if upward momentum slows or stalls. Ethereum’s price action is currently showing the advancement of an ascending triangle on the monthly chart, indicating a possible breakout. Analysts point to this pattern as a key structure for determining the ETH’s movement. Technical Analysis of the Ascending Triangle The formed pattern is a well-known bullish continuation structure, characterized by a rising support line and…

Economist, Who Was Ultra Bullish Days Ago, Issues Red Alert About Bitcoin

RegulationDec 3

Renowned crypto-focused economist Timothy Peterson has issued a stern warning about the economic outlook, predicting a major bear market and a potential recession on the horizon. Peterson, who is known for developing a unique economic metric called the Secular Market Indicator, shared his concerns in a public statement that sparked controversy among investors. Peterson introduced his Secular Market Indicator six years ago in the Journal of Wealth Management. The metric is designed to gauge whether the economy is poised for long-term growth or stagnation, and the analyst claims it offers insights that go beyond traditional tools like the Shiller P/E…

Mysterious Shiba Inu (SHIB) Whale Stuns Major US Exchange With $2.2 Million Withdrawal

AltcoinsDec 3

According to data from Arkham Intelligence, an unknown whale took practically 12.7 billion Shiba Inu (SHIB) tokens from the largest crypto exchange in the United States, Coinbase, late yesterday. This amount of the popular meme-inspired cryptocurrency is equivalent to just over one-fifth of a million dollars and represents nothing out of the ordinary. However, the on-chain history of the address behind the large withdrawal opens a veil that hides something more interesting. Thus, the wallet under the address "0x0907A" already contained a rather large block of Shiba Inu tokens which, with a new addition, began to equal 135.45 billion SHIB,…

Competition Between Bitcoin and Dollar Is Ending! Analysts Said Inverse Correlation May Be Broken, Shared Bullish Signal for Both BTC and Dollar!

BitcoinDec 3

Historically, Bitcoin and the Dollar Index (DXY) have maintained a largely negative correlation. This means that when the dollar strengthens (DXY increases), Bitcoin tends to fall in value, and conversely, when DXY falls, Bitcoin tends to rise. However, analysts predict that this could change and return to a positive correlation. Bitcoin- Dollar Index (DXY) Correlation May Turn Positive! At this point, analysts noted that as a result of option pricing, the negative correlation between Bitcoin and DXY could break down and turn positive around the US election time. Options data from the Chicago Mercantile Exchange shows the one-month BTC call-ask…

Ethereum (ETH) Whales’ $188 Million Buying Frenzy Hints at Run to $4,000

EthereumDec 3

Ethereum (ETH) whales are at it again, but this time, they are not selling the cryptocurrency as they did for some parts of the year. Instead, on-chain data shows notable ETH accumulation, with retail investor interest also building up. What does this mean for ETH? BeInCrypto reveals all the details, analyzing the developments and their potential impact on Ethereum’s price. Ethereum Retail Investors, Big Wigs Are Buying On November 29, Ethereum’s large holders’ netflow stood at 28,680 ETH, but today, it has surged to 80,130 ETH. Netflow measures the difference between coins accumulated and those sold by whales. A positive…

Ethereum ETFs See Record $333M Inflows, Outpacing Bitcoin Funds as Catch-Up Trade Gains Momentum

EthereumDec 3

Spot ethereum (ETH) exchange traded funds (ETF) in the U.S. saw record daily inflows on Friday, another sign that the second-largest cryptocurrency is gaining momentum as a catch-up trade after vastly underperforming bitcoin (BTC) this year. The nine products combined booked $332.9 million in net inflows during Friday's shortened trading session, data compiled by Farside Investors shows. BlackRock's iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH) led, attracting $250 million and $79 million in fresh funds, respectively. Friday was the fifth consecutive session with net inflows for the group, and concluded the second strongest week with $455 million in…

Fortnite-Like Game 'OpenSeason' Is Burning 82% of Its Token Supply—Here’s Why

GameFiDec 3

Fortnite-like battle royale shooter OpenSeason hosted a 12-hour competition promising players a slice of $350,000 worth of tokens. But instead of airdropping those Ethereum-based tokens, the developers burned them—and will burn many more ahead. By the end of the token purge, 82% of the total supply of the FU Money (FU) token will have been burned, developer Fractional Uprising Studios told Decrypt’s GG. The team claims this is a move to help support the token’s health… and have a laugh while doing it. Last week, OpenSeason’s creators announced the Mega Jeet competition—"jeet" being crypto slang for someone who sells quickly…

Ether's Price Chart Now Mirrors a Pattern That Foretold Bitcoin's Record Rally

EthereumDec 3

Ethereum has recently been making waves for the right reasons, providing bullish cues to its native token, ether (ETH). Now, the cryptocurrency's price chart reveals a compelling pattern reminiscent of the set-up in bitcoin (BTC) before it chalked out a record rally last month. Ether's three-line break chart, which filters out day-to-day noise and erratic price movements, shows the cryptocurrency's eight-month corrective trend, characterized by lower highs and lower lows, has ended and the broader uptrend from the October 2023 lows near $1,500 has resumed. Such breakouts often trigger a bullish cascading effect on price by attracting new buyers and…

SAFE Outperforms APE, Market Cap Soars After Upbit Listing

AltcoinsDec 3

SAFE token recorded a massive 66% surge in value following its listing announcement on the Upbit exchange. The news triggered a trading frenzy as Korean investors bought the token. Upbit, Korea’s leading crypto exchange, introduced new trading pairs for SAFE, the multi-purpose utility token of the Safe{Core} ecosystem, against the Korean won (KRW), Bitcoin (BTC), and Tether (USDT). Trading began on October 24 at 6:00 PM KST. Spotonchain Reports Increased SAFE Accumulation According to Spotonchain, the number of first-time buyers saw a dramatic increase, with over 1.35 million SAFE tokens, valued at $2.24 million, bought within an hour of the…

Ether Risk-Reward Is Attractive Given Recent Underperformance: Bernstein

EthereumDec 3

Ether (ETH) has underperformed rivals bitcoin (BTC) and solana (SOL) year-to-date, but ETH exchange-traded fund (ETF) inflows have inflected suggesting this period of underperformance may be over, broker Bernstein said in a research report Monday. The broker noted that on Friday Blackrock's spot ether ETF saw inflows of $250 million, versus only $137 million of inflows for the asset manager's larger spot bitcoin ETF. "This creates favorable demand-supply dynamics for ETH," analysts led by Gautam Chhugani wrote. Ether staking yields could be another tailwind for the cryptocurrency. Bernstein noted that initial ether spot ETF applications did not include yields due…