Author: NBTC
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…
Changpeng CZ Zhao just bought 1 BNB worth of $TST (approximately 5,400), and now he’s figuring out how to add it to a liquidity pool (LP). The former Binance CEO admitted via a post on X that the process wasn’t as easy as expected, even for someone who built the world’s largest crypto exchange. “DEX is so much harder to use. 27 minutes to do a test buy… Still haven’t figured out how to add to the liquidity pool. And you have to do this while they are all watching on the blockchain,” CZ wrote. On-chain details of CZ’s TST…
The leading coin, Bitcoin, has been trading within a narrow range since the beginning of February. It has struggled to break out of consolidation as both buying and selling pressures remain subdued. On-chain data suggests that this period of sideways movement could persist due to weakening activity on the Bitcoin network. Bitcoin Could Face Prolonged Sideways Movement as Network Activity Drops According to a recent report by pseudonymous CryptoQuant analyst Avocado_onchain, Bitcoin network activity has been steadily declining, contributing to BTC’s recent narrow price movements. If this continues, “we must consider the possibility of another prolonged consolidation phase, similar to…
An ether (ETH) position worth more than $126 million came within 4% of being liquidated amid a crypto market plunge on Tuesday. ETH has now retraced more than the entirety of Sunday’s rally, shedding 22% of its value in the past 48 hours as it trades at $2,080. A fortuitous bounce at $2,000 protected Ethereum’s decentralized finance (DeFi) ecosystem from a series of liquidations on collateralized debt platform MakerDAO. The first level sat at $1,929 with another two positions set to be liquidated at $1,844 and $1,796. The combined value of all three positions is $349 million. Price action is…
This is a segment from the Empire newsletter. To read full editions, subscribe. It’s hard to deny that crypto is having a moment, especially when the President of the United States posts about crypto on a Sunday morning. While that’s currently the bullish force pushing us forward to start the week — after a less than stellar time last week — it’s hard to say whether the positive momentum is enough to last. Here’s the good thing though: We don’t necessarily need to just rely on posts from world leaders to legitimize the space, we’re seeing that happen in a…
A single transaction totaling 13,046,414 SHIB has recently caught the attention of the Shiba Inu community. In a recent tweet, ShibburnX, an X account that tracks SHIB burns, reports a large token burn, with 13,046,414 SHIB transferred to a dead wallet in one go. 🔥 13,046,414 $SHIB -> transferred to dead wallet. https://t.co/hYpkdYsRxm — Shibburn (@shibburn) February 21, 2025 Shiba Inu’s burning strategy is intended to lower the total supply of SHIB, resulting in scarcity and potentially increasing its value over time. The current burn could be initiated by the Shiba Inu community, a deliberate move by a large holder,…
Bitcoin (BTC), the first and largest cryptocurrency by market capitalization, is at a critical juncture, as key metrics signal an imminent shift in momentum and profitability. According to Glassnode, Bitcoin’s STH-SOPR (7D SMA) is currently testing the breakeven level of 1.0. The Spent Output Profit Ratio (SOPR) is calculated by dividing the realized value (in USD) by the created value (in USD) of a spent output. Simply put, this refers to the price sold divided by the price paid. The Short-Term Holder SOPR (STH-SOPR) is an indicator that only considers spent outputs less than 155 days old and is used…
From its early days on Ethereum to its expansive reach across layer-2s and alternative chains, Aave has solidified itself as a leader in decentralized finance. Aave (AAVE) metrics skyrocketing: Overview AAVE tokens have had a massive surge of over 21% this week, vastly outperforming the broader crypto market. This rally follows a significant governance proposal from Aave DAO, which seeks to enhance the token’s value accrual mechanisms. Key elements of the proposal include: A profit-sharing model for AAVE stakers. A “buy and distribute” program to support price stability and long-term value. A novel “Anti-GHO” mechanism to burn or convert GHO…