Author: NBTC

American investor Steve Weiss has further reduced his Bitcoin exposure due to the asset’s range-bound price movement. Speaking as a contributor on CNBC’s “Halftime Report,” Weiss revealed another round of profit-taking from his Bitcoin (BTC) position via BlackRock’s spot exchange-traded fund, as financial markets navigate macro-driven volatility. Weiss, founder and managing partner of Short Hills Capital Partners, said he cut his Bitcoin exposure by an additional 10%, following last week’s 20% sell-off. The size of his position remains unclear, but he previously described his Bitcoin investment as a “positive trade.” You might also like: Citadel eyes crypto market-making as Ken…

Malaysia-based BioNexus Gene Lab announced on Mar. 5 that it has approved its treasury strategy, which prioritizes Ethereum (ETH) over Bitcoin (BTC). The firm said the decision was driven by Ethereum’s recent inclusion in the US Crypto Strategic Reserve and its “broader utility as a programmable financial platform.” BioNexus said its Board of Directors’ extensive internal analysis identified Ethereum’s institutional adoption, staking potential, and dominance of financial infrastructure in DeFi as key factors supporting its treasury integration. As of Sept. 30, 2024, the company’s market cap was $6 million, its revenue was $2.6 million, and its net income was negative…

Bitcoin mining firm Marathon Digital reported a decline in Bitcoin production for February, down month-over-month due to higher network difficulty and fewer operational days. Marathon Digital‘s Bitcoin (BTC) production dropped 6% month-over-month in February due to higher network difficulty and fewer operational days, the company said. In a Bitcoin production report released on March 4, the Florida-based company revealed a 4% increase in crypto production per day compared to January, although Bitcoin production decreased by 6% month-over-month. Despite the decline, Marathon’s energized hashrate remained stable, the company emphasized. “Blocks won and Bitcoin production decreased by 6% month-over-month, primarily due to…

Modern technological developments and community backing power the growth of Dogecoin alongside Shiba Inu Pepe Coin Floki and Bonk. The expanding ecosystem and new applications improve the market value of meme coins which places them as a major force in cryptocurrency markets. The unpredictable nature of markets warrants conducting research for successful investments in meme coins. The cryptocurrency market has undergone substantial changes as meme coins rapidly gain popularity. The assets started from online humor but have now transformed into powerful financial assets that significantly shape markets. Dogecoin (DOGE), Shiba Inu (SHIB) Pepe Coin (PEPE), Floki (FLOKI), and Bonk (BONK)…

Casual observers of Bitcoin miners’ Q4 earnings could be forgiven thinking it’s been nothing but smooth sailing for the industry. But there’s no ignoring the fact that publicly traded Bitcoin miners lost $23 billion off their collective market capitalization in the past month, according to a recent JP Morgan report. It’s not all that surprising given the price of Bitcoin began February above $102,000 and then sank as low as $78,000 while markets were tormented by President Donald Trump’s trade war talk. Apart from hoping Bitcoin’s price goes up, stock analysts told Decrypt that they’re keeping an eye on data…

Bitcoin (BTC) continued to slide on Monday, hurt by not just by massive bearish price action in most of the rest of crypto, but also as U.S. stocks struggle to pull out of their recent downturn. Falling to about $93,900 as stocks closed, bitcoin is down 1.9% in the last 24 hours. Ether (ETH) is lower by 5.9% over the same time frame. The broader CoinDesk 20 Index is down 5.1%. Following last week’s major declines, an attempted rally by the major U.S. stock averages failed Monday afternoon, with the Nasdaq closing down another 1.2% and the S&P 500 0.5%.…

Ethereum (ETH) has gained nearly 6% in the last 24 hours, bringing its price back above $2,200 after briefly dropping near $2,000. This recovery comes as investors anticipate potential market-moving developments from the upcoming White House Crypto Summit. Key indicators such as the RSI and DMI suggest that Ethereum is at a pivotal point, with bearish momentum weakening but not entirely gone. If bullish pressure continues to build, ETH could break above key resistance levels, potentially aiming for $3,000 in the coming weeks. Ethereum RSI Is Neutral, But Up From Yesterday Ethereum’s Relative Strength Index (RSI) is currently at 48.9,…

Portofino Technologies, a Switzerland-based crypto market making firm, has big plans for 2025, the company’s CEO Leonard Lancia told CoinDesk in an exclusive interview. The crypto market maker is exploring opening new offices in both New York and Singapore, Lancia said. The firm is regulated in the U.K., Switzerland and the British Virgin Islands, and has plans to expand its licensing under the EU’s Markets in Crypto-Assets (MiCA) regulation. MiCA came into effect on Dec. 30 last year. Portofino has made a number of senior hires in recent months. Dipak Shah has joined the company as its head of over-the-counter…

BOME is bouncing from strong support and could break out of its downtrend soon. Price targets of $0.010479 and $0.015978 suggest a major bullish move ahead. Buyers stepping in now may fuel rapid gains if momentum continues to build. BOME/USDT shows a double-rounded bottom formation, a strong reversal signal suggesting the end of its prolonged downtrend. The price currently trades at $0.002128, sitting at the lower boundary of a descending channel, a critical accumulation zone for mid-to-long-term investors. With a potential breakout, price targets of $0.010479, $0.013430, and $0.015978 are now in focus, indicating a significant upside if momentum builds.…

WonderFi is considering partnerships that would bring derivatives trading to its platforms, Bitbuy and Coinsquare, in Canada and Australia. Vancouver-based WonderFi Technologies Inc. is exploring a new partnership to bring derivatives trading to its crypto platforms, Bitbuy and Coinsquare, in Canada and Australia. The company revealed in a March 5 press release that it entered a non-binding letter of intent with Australian broker Eightcap and Embedded, its trading-as-a-service solution, that would give users of Bitbut and Coinsquare access to derivatives products, including foreign exchange, indices, oil, metals, and select stocks. These products will be offered as contracts for difference, which…