Author: NBTC

Ethereum’s (ETH) price has surpassed $2,500 for the first time since October 1. However, despite the market’s rising optimism, this upward movement may not be as smooth as it seems. In this analysis, BeInCrypto highlights several on-chain metrics that suggest a significant portion of ETH’s gains could be stifled. Ethereum Is Not Yet Free from Problems Ethereum’s price increase represents a 6% hike in the last 30 days. Within the last 24 hours, the cryptocurrency’s volume has increased by 90%, indicating rising investor interest in Ethereum. Despite this, data from IntoTheBlock shows that Ethereum’s Coins Holding Time has decreased by…

In the past week, several crypto investments have garnered attention in the market. According to Phoenix Group, Wormhole ($W) is the most searched cryptocurrency, up 34.1% of the price. It has a circulation supply of 89565147 coins, a total market capitalization of $810.2 million, and a 24-hour trading volume of $93 million. Through Wormhole’s performance, increased demand for cross-chain bridge technology solutions has been evidenced, recognized, and embraced by retail and institutional investors. TOP COIN SEARCHES IN THE LAST 7D ON #CRYPTORANK$W $ETHFI $ARKM $XAI $SPEC $PRCL $NEIRO $PENDLE $CGPT $FLT pic.twitter.com/69jqsfngxM — PHOENIX – Crypto News & Analytics (@pnxgrp)…

Bitcoin remains steady at $58K, approaching key buying opportunity above MA Ribbons. Analyst Mags highlights MA Ribbons as a reliable indicator during bull markets. Breaking the 50-period EMA at $58,748 could trigger a rally toward $59,176. Bitcoin (BTC) has been holding steady at around $58k for several weeks leaving many traders uncertain about its further move, but a key opportunity may be brewing. However, prominent Crypto analyst Mags has revealed that Bitcoin is sitting comfortably above the MA (Moving Average) Ribbons, a crucial support level during bull markets. Every time BTC touches these ribbons, it’s a golden chance to buy.…

Ethereum price started a fresh increase above the $2,500 resistance. ETH is up over 5% and might continue to rise if it clears the $2,650 resistance. Ethereum started a fresh increase above the $2,500 and $2,550 resistance levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,620 and $2,650 resistance levels. Ethereum Price Jumps Over 5% Ethereum price formed a base above the $2,400…

On September 26, 2024, Hamster Kombat, a popular tap-to-earn Telegram game, launched the trading of its HMSTR token on several major exchanges. While the event was highly anticipated, the airdrop ended up disappointing a large portion of the crypto community. Many believe it was “one of the worst airdrops in the history of the crypto.” Here are five reasons why the Hamster Kombat airdrop failed to meet expectations. What’s Wrong With the Hamster Kombat Airdrop 1. Unfair Reward Distribution Ahead of the airdrop, many participants were unexpectedly disqualified. Those who focused on boosting their points per hour (PPH) to accumulate…

Grayscale Investments’ Bitcoin Trust (GBTC) continues to face investor redemptions, with another $20.8 million withdrawn on Monday, according to data tracked by Farside Investors. This brings the total net outflows since its exchange-traded fund (ETF) conversion in January to over $20 billion. Source: Farside Investors The pace of outflows has slowed compared to earlier this year. Data reveals that the first $10 billion was withdrawn within two months of its ETF conversion, while the subsequent $10 billion took over six months. However, GBTC remains under pressure as investors continue to exit positions. The fund’s Bitcoin holdings have decreased to approximately…

In a significant move, a dormant Ethereum (ETH) whale has shifted 3,888 ETH to the Gemini exchange, valued at approximately $10.2 million. This notable transaction occurred roughly four hours ago, raising speculation about the potential selling of these assets. Contents hide 1 What Previous Transactions Did This Wallet Make? 2 How Will This Affect the Market? What Previous Transactions Did This Wallet Make? This particular crypto wallet gained notoriety around 1.6 years ago when it acquired 6,603 ETH from the Bitfinex exchange. During that time, the average price of ETH was about $1,785, totaling an investment of $11.78 million. How…

In an exhilarating development that marks a pivotal moment for both Ripple Labs and the cryptocurrency landscape, Ripple is blazing a trail by integrating XRP into oil trading and cross-border transactions with Saudi banks, unlocking a staggering $500 trillion market. This innovative initiative allows holders of XRP to engage indirectly in oil purchases, forging an unprecedented link between cryptocurrency and traditional commodities. As the partnership with the Saudi central bank dismantles long-standing skepticism in Gulf fintech, it paves the way for a new era of innovation. The CryptoTradingFund (CTF), operating on both the XRP Ledger and the Polygon chain, offers…

Samson Mow, vocal Bitcoin supporter and CEO at the JAN3 Bitcoin company, has published a tweet in which he offered his valuable experience and expert knowledge about fiat currencies and investing in Bitcoin. Mow believes that this advice about Bitcoin and its price in fiat currencies will make things simple for new investors into the world’s largest cryptocurrency. Two important things about Bitcoin from Mow Mow shared that there are two things about Bitcoin that he believes new investors should internalize. The first one is that “the fiat price of Bitcoin will be volatile”. The second one is that “the…

Donald Trump continues to extend his lead on Polymarket against Kamala Harris, as the two presidential aspirants have only three weeks to the US elections. With crypto presenting as a political imperative in the ongoing US presidential campaigns, Donald Trump’s decentralized finance (DeFi) venture, World Liberty Financial, prepares for its WLFI token debut on Tuesday. Donald Trump Leads Polymarket as WLFI Token Launch Approaches Polymarket data indicates that Donald Trump is leading with 54% support, compared to Kamala Harris’s 45.4%, with only 22 days remaining before the US elections. Trump is also ahead in key swing states, including Arizona, Georgia,…