Author: NBTC
Bitcoin has broken out of a key bull flag pattern. Analysts believe the Bitcoin recovery phase is finally in full swing. Next ATH target set for BTC at $116,650. Bitcoin continues to show its superior crypto prowess in a highly volatile market that seems to be on a steady recovery. Presently, the price of Bitcoin is $101,458, this is a significant pump from its previous few weeks when BTC price was struggling in the low $90,000 to mid-$90,000 price range. Bitcoin Breaks Out of Key Bull Flag Pattern However, despite the sudden pump and the reclamation of a 6-digit price,…
Most TRUMP holders are retail investors with less than $100 in profits, while 60 whales have gained over $10 million, according to Chainalysis. The majority of crypto wallets holding the Official Trump (TRUMP) meme coin haven’t made much money. According to data by Chainalysis, over 77% of them have earned less than $100, while whales have pocketed over $10 million each. In an X thread on Jan. 23, the New York-headquartered blockchain forensic firm revealed that TRUMP and MELANIA (MELANIA) meme coins are mostly popular with small-time investors. “Over 80% of $TRUMP and/or $MELANIA holders are investors who hold less…
Former CFTC Chair Chris Giancarlo contends that regulators will allow U.S. banks to use crypto for payments. The crypto industry’s fortunes appear to be changing rapidly. Just weeks ago, the trending topic in the space was “debanking,” a term describing claims that market participants had been locked out of banking services due to regulatory pressure. Now, only a few days after President Donald Trump‘s inauguration, and one of the leaders of the U.S.’s top banks is already talking about embracing the asset class for payments, with a former top regulator asserting that regulatory moves to greenlight this are imminent. U.S.…
The artificial intelligence (AI) sector within the cryptocurrency market is still relatively small compared to past market cycles, but it’s showing significant potential for growth. Analyst Miles Deutscher reports that the AI token market cap is nearly nine times smaller than the peak of the “SOLUNAVAX” cycle in 2021. A recent chart from Messari illustrates that alternative crypto sectors often experience parabolic price movements following Bitcoin’s lead. If this historical trend repeats, AI tokens could see further expansion as Bitcoin continues its bullish trajectory. The AI bubble is still 9x smaller than the “SOLUNAVAX” market cap of last cycle.If you…
Justin Sun, crypto billionaire and the founder of the Tron blockchain, has taken to the X social media platform (formerly known as Twitter) to make an important announcement about the future of Tron. Tron aims to reduce stablecoin fees to zero He announced that Tron development teams are now working on massively reducing fees “to deliver a zero-fee stablecoin transactions experience for users.” TRON is happy to announce that our development teams are working on drastically reducing fees to deliver a zero-fee stable coin transactions experience for users. Stay tuned! — H.E. Justin Sun 🍌 (@justinsuntron) January 23, 2025 Several…
Tax. The word may make you cringe, but it’s also one you probably don’t want to ignore. Bitcoin (BTC) hit $100,000 for the first time in December 2024, and while you’ve probably had your fair share of “I told you so” moments with the crypto skeptics over the holidays, now is the time to make sure you’re clued in on the tax side of things if you’re planning to cash in on profits. It’s not just about keeping track of your own jurisdiction; you should stay aware of global rules as well, as your jurisdiction may adopt them in the…
The price of Bitcoin spiked to an intraday high of $102,088 earlier this Thursday, surging to the highest level since Jan. 7. This comes amid speculation that a strategic Bitcoin reserve could be announced as early as next Monday. However, Polymarket sees only a 37% chance of such a reserve being created in early 2025 contrary to some expectations within the community. Last month, Jeff Park, head of alpha strategies at Bitwise Invest, recently opined that there was only a 10% chance of the strategic Bitcoin reserve being created during in 2025. However, on the off chance that it does…
The US SEC faces its first deadline today to make a decision on Grayscale’s application to convert its Solana Trust (GSOL) to an ETF. Proposed Solana ETFs from VanEck, 21Shares, Canary Capital, and Bitwise expect the regulator’s decision on Jan. 25. Source: Bloomberg NYSE Arca proposed listing shares of GSOL as a spot Solana ETP on December 4. The trust, which launched in April 2023, had 7,221,835 outstanding shares as of January 21. The deadline comes after Gary Gensler’s departure as SEC Chair. Under Gensler, the SEC’s Division of Enforcement initiated numerous lawsuits against crypto companies, including ones targeting Binance…
A decade of imprisonment ends with a simple two-word message. Ross Ulbricht, the creator of Silk Road, has been pardoned and released, and Vitalik Buterin, Ethereum’s creator, welcomed him back with a subtle but iconic gesture — a “GM Ross” on social media. No stranger to symbolism, the phrase “GM” carries more weight in the crypto community than one might assume. It is shorthand for “good morning,” a greeting that has become a rallying cry for optimism and unity among crypto enthusiasts. For a figure like Buterin to use it in this context signals a moment of significance, both for…
At its lowest exchange reserve in seven years, Bitcoin has achieved a noteworthy milestone. The exchange reserve chart shows a steep decline to 20.4 million Bitcoin on exchanges. Fewer coins are available for instant trading when the reserve is this low, which could be a bullish indication for the market. Bitcoin is trading above $100,000 on the price chart for the first time since its recent breakout, indicating encouraging momentum. The stage is set for further bullish performance following the breakout of important resistance levels such as the 50 EMA. The price increase and the shrinking exchange reserves point to…