Author: NBTC
Ethereum price is attempting a recovery wave above the $3,500 zone. ETH must clear the $3,580 resistance to continue higher in the near term. Ethereum started a decent recovery wave above the $3,350 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a short-term bullish flag pattern with resistance at $3,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,580 resistance zone. Ethereum Price Holds Support Ethereum price started a decent upward move above the $3,250 and $3,350…
After experiencing consistent gains in recent days, the value of Bitcoin (BTC) seems to be consolidating above $60,000, a level that is also functioning as a support. However, uncertainty persists regarding the next direction for Bitcoin, as the asset failed to sustain its value above $64,000 after briefly touching it. Looking ahead, crypto analyst Ali Martinez has presented a scenario that could result in Bitcoin dropping and finding potential support around the $50,000 zone. In a post on X (formerly Twitter) on March 3, Martinez noted that more than 500,000 BTC had changed hands within the narrow range of $61,100…
Vitalik Buterin says the coming five years will be a turning point. At ETHTaipei 2024, he shared his thoughts on what’s next for Ethereum and how it could change the real world. What caught him off guard on the crypto scene? NFTs and meme coins have had a wild ride — nobody saw that coming five years ago. But what’s really got him excited is the leap in ZK technology, or zero-knowledge proofs, which allows users to prove ownership of assets without performing additional operations. Ethereum has been changing fast, merging and tweaking its code. But with all these big…
The crypto market has entered March with its foot firmly on the accelerator despite showing signs of a slight slowdown from its recent rapid ascent. Bitcoin (BTC) has continued to hover around the $62,000 mark, showcasing a resilient stance amid varying market sentiments after its remarkable rally past the $60,000 threshold to a high of $64,000 at the end of February. BTC was trading at $62,130 as of press time, with a market cap of $1.22 trillion, based on CryptoSlate data. The bullish momentum raised expectations for March, hinting at the possibility of an even more remarkable rally. However, the…
In the wake of multiple reports indicating that the SEC plans to classify Ethereum as a security, Reaper Financial CEO Patrick Riley has taken a subtle shade at the ETH community. According to an X post today, Riley cleverly twisted Ethereum co-founder Vitalik Buterin’s 2022 tweet to take a swipe at the Ethereum community amid the SEC’s quest to categorize ETH as a security. In the post, Riley noted that the Ethereum community already forfeited its moral standing to air its grievances about the SEC’s latest crackdown when it sacrificed XRP to monopolize control over the crypto industry through the…
Current FTX CEO John J. Ray III is pushing back against his disgraced predecessor Sam Bankman-Fried’s claims that customers lost “zero” money in the exchange’s 2022 collapse, calling them “categorically, callously, and demonstrably false.” In a victim impact statement penned by Ray on behalf of FTX and its subsidiaries, Ray told New York District Court Judge Lewis Kaplan that Bankman-Fried’s “delusional” claims that his exchange was solvent are a “mischaracterization” of the estate’s January statement that they expect to pay customers back in full. Bankman-Fried and his legal team have leaned heavily on the estate’s recovery, arguing in his February…
As of Sunday, March 3, 2024, bitcoin’s value persists in the $60,000 per unit vicinity, signaling the fifth instance this year that its price has sustained above this level. Naturally, as bitcoin’s value escalates, its duration above such thresholds shortens when contrasted with past significant milestones such as $30,000, $40,000, and $50,000. Bitcoin’s Price Discovery Journey in the First Quarter of 2024 Throughout its history, Bitcoin (BTC) has experienced several significant uptrends, notably in 2013, 2017, and 2021. The 2021 uptrend was particularly notable for its double peak, with bitcoin’s price hitting two zeniths, forming a unique pattern that precipitated…
Multinational tech firm Google appears to have integrated the Ethereum Name Service (ENS) for the results on its search engine. The crypto address data appears to be sourced from Etherscan, an Ethereum block explorer. An initial investigation conducted by crypto news and research platform CryptoSlate confirmed the integration. According to the tests done, several ENS addresses, including Vitalik.eth, which belongs to Ethereum co-founder Vitalik Buterin. The search results displayed address details such as the Ethereum balance and the timestamp of the last transaction, with data collected from Etherscan. At the time of writing, no official statement from ENS has been…
Pulsara, a DEX built on the Coreum blockchain, has opened its doors to the XRP community with a new listing. Through a new listing, the XRP ecosystem has become more intertwined with the Cosmos ecosystem. Pulsara, a Coreum-based decentralized exchange, announced this week that it has enabled support for two XRP-linked liquidity pools. The new Pulsara listing allows users to exchange in both ways XRP for COREUM, the network’s native currency, and SARA, the native token for the Pulsara DEX. Users earn SARA token rewards for supplying liquidity to the pairs that have seen active usage since their release. $XRP…
Prominent crypto analytics firm Glassnode says Bitcoin is in a long-lasting uptrend powered by traders who are still doubting the strength of BTC. In a new post on the social media platform X, the analytics firm says Bitcoin’s current bull run looks very different from the one witnessed in 2021 when BTC bulls were using excessive leverage to drive up the price of the crypto king. According to Glassnode, bears who are shorting BTC are getting liquidated, triggering short squeezes and providing fuel for Bitcoin rallies. A short squeeze happens when traders who borrow an asset at a certain price…