Author: NBTC

Ethereum price is consolidating above the $2,550 resistance. ETH could gain bullish momentum if it clears the $2,650 resistance zone. Ethereum is struggling to gain pace for a move above the $2,650 level. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $2,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above $2,650. Ethereum Price Starts Consolidation Ethereum price remained stable above the $2,550 level. ETH formed a base and started a steady upward…

Markets remain on the lookout after an announcement that Donald Trump has a big plan for crypto, which will be revealed on Thursday afternoon. Evidence of the anticipation is a strong move for Bitcoin (BTC), eyeing the $61,000 threshold as the US session commences. Donald Trump Plans Huge Crypto Announcement Trump shared on X (formerly Twitter) that he will reveal his plan to make the US a crypto capital for the world. Along with the announcement, the Republican presidential aspirant tagged World Liberty Financial, a DeFi project his sons, Donald Jr. and Eric Trump, promoted. “This afternoon I’m laying out…

Litecoin (LTC) is poised for mid-term gains based on positive cash inflow and hype around Ethereum and Solana ETF products. Likened Bitcoin, Litecoin continues to enjoy retail and institutional adoption with a positive long-term outlook. Litecoin (LTC) is eyeing a rebound as demand for the digital asset skyrockets. The latest weekly report by CoinShares shows a positive cash inflow in Litecoin institutional products. Despite high anticipation of a bullish 2024, LTC has been among the highest underperformers. Investors have been optimistic about a price breakout based on the successive LTC halving earlier this year. Like Bitcoin (BTC), the digital asset…

Mango Markets, Solana’s once-mighty decentralized crypto exchange that was gutted by convicted fraudster Avraham Eisenberg, is preparing to settle with the U.S. Securities and Exchange commission over allegations that it violated a litany of securities laws. The governing entity that manages Mango Markets, Mango DAO, on Monday opened voting on a “SEC settlement offer proposal” that would see the group pay hundreds of thousands of dollars in fines, destroy its holdings of MNGO tokens and seek its delisting from other trading venues. The SEC hasn’t yet accepted the proposal. But if this vote passes (it already has enough votes to…

United States-based cryptocurrency ATM provider CoinFlip has expanded to Mexico as a part of its global expansion plans. According to a press release shared with crypto.news, CoinFlip has deployed its cryptocurrency ATMs across Mexico, marking the Latin-American nation as its eighth international market. The rollout of these ATMs will span 20 locations across Mexico City, targeting high-traffic areas like shopping centers and coffee shops. The company’s CEO, Ben Weiss, described the move as the “next logical step” for CoinFlip, adding that it would offer Mexicans a “convenient, secure and easy way” to access cryptocurrencies. CoinFlip’s entry into Mexico completes its…

Bitcoin funding rates have turned negative, signaling more shorts than longs, which often precedes an uptrend reversal. Traders eye the $54,000 to $55,000 zone for accumulation as Bitcoin fluctuates within a descending channel with strong support and resistance. The potential breakout above the descending channel could ignite Bitcoin’s next major price surge, creating valuable buying opportunities. A recent analysis of Bitcoin’s market performance by crypto analyst Doctor Profit suggests a substantial shift in favor of a healthier market. Traders have witnessed major developments, with $9 billion in short liquidations occurring near $68,000 and funding rates reaching their lowest point since…

Ethereum is showing signs of a potential recovery as investor confidence rises, driven by a decrease in realized losses and MVRV ratio positioning which suggests that Ethereum is currently undervalued. A successful breach above the $2,681 resistance level could set the stage for a rally toward the next significant resistance at $2,930. Ethereum, the second largest cryptocurrency by market cap, is showing signs of a potential recovery that could see ETH’s price surge toward $3000. Sailing through stormy seas, Ethereum underwent a downturn that saw its price plunge to lows of $2500, leading to massive losses. Yet, a turning point…

GameStop shares surged on Thursday, shortly after the video game giant announced it would lean into selling retro games via new, dedicated stores. As of publication time‌, the Texas-based retailer’s stock price is up about 10% over the past 24 hours to a current price of $21.81. The stock surge follows GameStop’s announcement late Tuesday that it would refashion some of its brick-and-mortar locations into speciality shops with a focus on vintage video games‌ and consoles, such as the old-school Nintendo, the Microsoft Xbox 360, Sony PlayStation 2, and Sega Genesis, per the company’s post on Twitter (aka X). It’s…

Many meme coins only get one shining moment in the crypto spotlight before they die an inglorious death—so by that mark, the GameStop (GME) tribute coin on Solana has already beaten the vast majority of its contemporaries. But with GameStop stock attention once again cooling off, the unofficial GME token is down bad following the latest surge. Solana token GME, which launched back in January, has now lost nearly 79% of its value since blasting off to a new all-time high price of $0.031 on June 7, per data from CoinGecko. It’s now priced at $0.0068, falling another 16% over…

Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business transformation. Greenidge Generation Challenges New York Permit Denial, Reports Q2 Performance Greenidge Generation Holdings Inc. filed a verified petition and complaint in the New York Supreme Court, Yates County, against the New York State Department of Environmental Conservation. The complaint seeks to annul the department’s denial of the company’s Title V Air Permit renewal for its Dresden facility, asserting that the…