Author: NBTC

Bitcoin price stayed above the $57,650 support zone. BTC is now rising and might aim for a move above the $60,000 resistance zone. Bitcoin started a recovery wave above the $58,500 resistance zone. The price is trading below $60,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $60,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if it settles above the $60,000 resistance zone. Bitcoin Price Eyes Another Increase Bitcoin price started a downside correction below the $60,000 level.…

A closely followed trader is offering his two cents on why he thinks memecoins have exploded in popularity among crypto traders. Pseudonymous analyst Jack Sparrow tells his 251,000 followers on the social media platform X that traders are not sinking capital on memecoins because they believe in their fundamentals or whether meme communities will serve as the cornerstone of the future of finance. The trader says memecoins offer something that most crypto assets don’t: a degree of freedom from the hostile hands of the U.S. Securities and Exchange Commission (SEC). “Memecoins are one of the final frontiers that are somewhat…

An unknown crypto trader makes an astronomical gain by turning $1,200 into a whopping $10 million within three days trading a Tron-based memecoin. Leading blockchain analytic platform Arkham Intelligence called attention to this success story today. According to Arkham Intelligence, the unknown user, who owns the wallet address TAMr…2Gpn, was among the first traders to invest in Tron Bull (BULL), a Tron-based memecoin. Transaction Details The user first purchased $780 worth of BULL tokens on the popular Tron-based memecoin trading platform SunPump. Then, when the token launched on SunSwap, the user acquired another $390 of BULL, bringing their total investment…

Ethics watchdogs have raised concerns over former President Donald Trump’s promotion of his sons’ upcoming crypto project, warning that it could pose a significant conflict of interest if he returns to the White House in 2024. The venture, reportedly named World Liberty Financial, was recently promoted by Trump on social media and comes amid his vocal support for the digital asset industry and recent promises to implement crypto-friendly policies. Under scrutiny The Trump family’s business dealings have been under ethical scrutiny before, particularly during the former president’s first term in office when he was criticized for not divesting from his…

Bitcoin had an amazing week in July after the former president headlined the industry’s annual Bitcoin conference in Nashville, delivering the keynote at the event. Now, with Elon Musk and Trump’s latest discussion/debate on X, the cryptocurrency community hoped to find a mention about Bitcoin. Despite avoiding Twitter/X for a while, Trump’s return to the platform is seen as an effort to regain his footing in the race, especially given his large follower base. Musk, the owner of X (formerly Twitter), has pledged to donate $45 million per month to a super PAC supporting Donald Trump leading up to the…

ETF issuer 21Shares’ parent company on Tuesday announced the launch of its own “wrapped” Bitcoin token on the Ethereum blockchain. 21.co said that its latest product—dubbed 21BTC—aimed to “usher in the next phase of decentralized finance (DeFi) and to help enable DeFi’s broader adoption.” You may have heard of “wrapped Bitcoin” and wrapped tokens—how do they work? Natively put your idle BTC to work on Ethereum. 21BTC on Ethereum gives you: • BTC that’s native to Ethereum• No Lock-And-Mint technology• 100% Backed by BTC• Institutional-grade security• Deep liquidity• Operational excellence Here’s what you need to know👇🧵(/5) pic.twitter.com/CGY97mqeut — 21.co (@21co__)…

Cryptocurrency analysis company Santiment announced the altcoin networks that are most focused on by developers in the cryptocurrency world in its latest post. According to analysts, Ethereum (ETH) unsurprisingly maintained its top spot in total developer activity, while Solana (SOL), Avalanche (AVAX), and Cosmos (ATOM) were among those experiencing the fastest increases. Here is the list of altcoins that developers focus on the most in the cryptocurrency world, according to Santiment data: 1-Ethereum (ETH) Total Developer Activities: 1.1M Change, %: 12.15% Developer Activity Contributors: 1.9K Change, %: 2.42% 2-BNB Chain (BNB) Total Developer Activities: 519.2K Change, %: 14.4% Developer Activity…

Ripple CEO Brad Garlinghouse has targeted Gary Gensler in a recent press conference, stating he would be fired even if Kamala Harris becomes president. The US Securities and Exchange Commission (SEC) chair, Gary Gensler, may be fired regardless of who is elected president in November. According to Ripple’s CEO, Brad Garlinghouse, Kamala Harris’s victory wouldn’t guarantee that Gensler would remain in office. The Ripple boss said this at a press conference in Seoul on Tuesday, citing discussions with key players in both the Democrats and the Republicans. Garlinghouse stated that both parties are utterly displeased with Gensler’s activities as the…

Valhalla and OG Esports, a dominant force in the professional gaming scene, have announced a revolutionary collaboration. With his partnership, Valhalla will be displayed as the jersey sponsor for the OG sports. Valhalla is committed to reshaping the game industry and getting people on board with crypto, and this partnership is a massive step in that direction. VALHALLA AND OG ESPORTS TEAM UP FOR EXCLUSIVE PARTNERSHIP#Valhalla, an innovative play-to-earn blockchain game, is proud to announce a groundbreaking partnership with OG Esports, a leading force in competitive gaming. This collaboration represents a major step in Valhalla’s… pic.twitter.com/TR6t4yB8EG — FLOKI (@RealFlokiInu) September…

After a roller coaster ride in the market last week, Bitcoin shows endurance, bouncing back from the recent dip to $49,000 and reclaiming the $60,000 milestone as key to its continuation to the upside to regain levels lost during the last 20% correction on August 5. Despite facing hurdles, the largest cryptocurrency on the market continues to exhibit signs of sustaining the macro uptrend that has been prevalent since the start of the year. ‘Golden Buying Opportunities’ In a recent analysis highlighting Bitcoin’s price action and technical outlook, crypto analyst Doctor Profit shared insights that reveal market sentiment following the…