Author: NBTC
As Bitcoin crumbles to $83,000 levels, Ethereum is down at its $2,000 psychological mark. Currently, Ethereum is trading at a market price of $2,084, registering a 24-hour pulldown of 11.49%. With a market cap of $251 billion, Ethereum is down by 15% in the past 7 days. Furthermore, the recent pullback undermines the overnight weekly recovery with the announcement of the U.S. crypto reserve. As the bearish trend regains strength, is Ethereum likely to retest the $1,500 mark? Let’s find out. Ethereum Price Action Analysis In the daily chart, the Ethereum price trend continues a declining phase within a falling…
This is a segment from the Empire newsletter. To read full editions, subscribe. We saw a bit of a rally yesterday as folks digested the posts from Trump, who said that we could see SOL, XRP, and ADA — combined with bitcoin and ethereum (and perhaps other, unnamed tokens) — in a strategic reserve. For Pantera’s Paul Veradittakit, the move helps to further crypto’s “credibility” and reinforces the “store of value” narrative — though it left some folks on the CT timeline a bit concerned about the additions of XRP, ADA and SOL. Before we argue if this is bad…
The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. Value is driven by many narratives, which compete for supremacy. For instance, one may see a house listed in outstanding condition, which is a fine narrative to have. The value of the house should reflect that, but not if the house is in a crime-ridden neighborhood. Likewise, in the crypto space, the value of cryptocurrencies is a dynamic interplay between narratives. Case in point, memecoins, and AI tokens have gained much traction over the last year, with the latter reflecting the overarching AI demand narrative…
Bitcoin has dipped below the 100-day moving average at $98K, approaching the key $95K support level. However, low trading activity suggests a lack of strong momentum, making further short-term consolidation likely. Technical Analysis By Shayan The Daily Chart Bitcoin has recently dipped below the critical 100-day moving average at $98K, signaling a slight increase in selling pressure. However, the lack of strong bearish momentum suggests weak overall market participation, with neither buyers nor sellers displaying dominance. Despite this, the breakdown introduces a bearish bias, increasing the likelihood of further consolidations and potential retracements toward the significant $90K support level. The…
Ethereum (ETH) is nearing the $2,000 psychological support level, raising concerns about a potential breakdown as ETFs continue to register outflows. As Bitcoin witnesses a quick pullback under $83,000, Ethereum is close to testing its $2,000 psychological mark. With a pullback of nearly 12% in the past 24 hours, the Ethereum market cap is down to $252 billion. As the declining trend in Ethereum gains momentum, is the $2,000 support level breakdown inevitable? Let’s find out. Ethereum Price Tests $2,000 Support In the 4-hour price chart, Ethereum showcases a steep correction with two consecutive completion-range breakdowns. After the breakdown of…
Tether, the world’s largest stablecoin, has announced that Simon McWilliams will succeed Giancarlo Devasini as chief financial officer as the firm once again commits to a “full audit.” Devasini will continue as its chairman. Tether’s promise of an audit of its reserves dates back to the company’s launch, and the fact that it’s remained unaudited has been a common rallying cry for its detractors. Click to enlarge. Tether apparently believes an audit is ‘crucial’ On March 9, 2015, Tether announced that it had partnered with Factom “to innovate our transparency and audit strategy.” Despite this announcement, the partnership didn’t result…
For the token to reach its one-dollar value and $500 billion market cap, the Shiba Inu community would have to burn 99% of the SHIB supply. Despite Shiba Inu’s persistent troubles on the back of the ongoing market drawdown, market participants have maintained confidence around its potential recovery. Amid this optimism, analysts such as Javon Marks have projected rebound targets to levels like $0.0001553 for the mid-term. Interestingly, proponents have continued to eye longer-term targets at the $0.001 and even $0.01 regions. Despite the pessimism surrounding these projections, discussions around Shiba Inu claiming a massively ambitious $1 price have also…
Bitcoin (BTC) is once again at a turning point. The latest chart shared by “Mags” on X platform takes a look at the digital asset’s long-term cycle and its possible next phase. The chart zeroes in on Bitcoin’s cyclical nature, especially its price moves around halving events. According to a Mag’s post, Bitcoin usually follows a fairly predictable pattern. It kicks off with the halving event, then a strong rally, hitting a peak before a bear market takes over. Finally, once the cryptocurrency hits rock bottom in the bear market, it turns bullish again with the next halving event. Halving…
As US President Donald Trump becomes one of the most influential factors in the cryptocurrency market, his statements and moves can cause the market to rise or fall. The closest example to this is the rise experienced on Sunday and the fall that followed immediately thereafter. While Bitcoin (BTC) and altcoins witnessed a massive surge on Sunday when Trump announced the US Strategic Crypto Reserve, the market crashed after the new tariff plan for Mexico and Canada came into effect. Billions of dollars were liquidated during the pump dump of the last few days, while some investors made huge profits.…
US President Donald Trump’s proposal to create a cryptocurrency strategic reserve has sparked a huge backlash, with financial expert and investor Anthony Pompliano describing the idea as “crazy.” Speaking at Varney & Co, the founder and CEO of Professional Capital Management expressed skepticism about the inclusion of multiple cryptocurrencies in the proposed reserve. The plan, which reportedly involves holding five or six different digital assets, has drawn comparisons to a hedge fund. Pompliano questioned how the government would determine the allocation of assets within the reserve, particularly how it would balance assets like Bitcoin and Solana: “How do you decide…