Author: NBTC

Ethereum price started a fresh decline and traded below $2,300. $ETH is now consolidating above $2,250 and might struggle to recover. Ethereum started a downside correction below the $2,320 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $2,300 on the hourly chart of $ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,250 zone. Ethereum Price Extends Losses Ethereum price failed to remain stable above $2,330 and started a downside correction, like Bitcoin. $ETH price dipped below…

Elon Musk has forced out additional xAI co-founders and employees as the startup reorganizes after being acquired by his aerospace company, SpaceX, ahead of a potential initial public offering. xAI has been undergoing internal restructuring since mid-February after the merger. Musk confirmed several staff departures during an all-hands meeting last month, after co-founders such as Tony Wu and Jimmy Ba left the company, reducing the original founding team from 12 members to six. The founding team has now dwindled to two members as frustration mounts over xAI’s coding division, according to the Financial Times. Guodong Zhang, leader of xAI’s Imagine…

With the start of a new month, the activity of wallets belonging to Vitalik Buterin has once again attracted attention from the crypto community, amid a market recovery, particularly with Ethereum gaining nearly 8% since the beginning of the week. Buterin continues to execute a strategy of offloading gifted meme coins and reallocating funds toward infrastructure and, apparently, charitable initiatives. According to Onchain Lens, which cites Arkham data, several such transactions have been recorded in recent hours. Specifically, Buterin sold another batch of unknown low-cap meme coins sent to him, receiving about 14.5 $ETH, which is just over $30,000 at…

In recent months it has become increasingly clear: Bitcoin miners are no longer just mining. More and more companies in the sector are shifting part of their operations toward artificial intelligence, giving rise to a new hybrid model that combines energy infrastructure, data centers, and advanced computing. It is not a passing fad, but a structural change. The phenomenon can be summarized in a simple formula: bitcoin mining AI. From pure mining to technological infrastructure For years, mining was seen as a relatively simple activity: energy in, hashes out. Today this is no longer the case. Over time, mining companies…

The Bitcoin (BTC) network needs a “conservative” Bitcoin client node software implementation to preserve its monetary properties and strengthen network decentralization, according to Jimmy Song, co-founder of ProductionReady, a non-profit organization funding open source Bitcoin node software development and education. The organization has a “bias” against significant code changes, unless there is “overwhelming” community support for the change, Song told Cointelegraph. “The general principle is: if you’re not sure a change makes the money better, don’t make it,” he said. The number of Bitcoin nodes, broken down by software implementation, between 2016 and 2026. Source: Coin Dance ProductionReady expects to…

Fenbushi Capital, a prominent blockchain-focused venture capital firm, has deposited 3,063 $ETH worth $7.13 million to Binance. This move, reported by on-chain analytics firm Lookonchain, follows the firm’s withdrawal of the same amount from the decentralized lending protocol Aave. Such deposits to exchanges are widely interpreted as a precursor to selling, raising questions about the firm’s short-term market outlook. Fenbushi Capital $ETH Deposit to Binance: A Closer Look The transaction, detected on March 15, 2025, represents a significant transfer of capital. Fenbushi Capital withdrew the $ETH from Aave, a platform where it had previously deposited the assets as collateral. The…

Canada’s labour market recorded a sharp contraction in February as employment declined by 83,900 positions, according to data from Statistics Canada. The unemployment rate increased to 6.7%, reflecting weaker hiring conditions across several sectors. Bitcoin traders are therefore monitoring employment indicators. Data from major economies such as Canada and the United States can shape liquidity expectations. Canada loses 83,900 jobs as unemployment climbs to 6.7% Economists had expected a modest gain of about 10,000 jobs after January’s decline. Instead, the data showed one of the steepest non-pandemic job losses in recent years, raising concerns about economic momentum. The drop largely…

MARA Holdings (MARA) has agreed to buy Long Ridge Energy & Power in a deal valued at about $1.5 billion. MARA will also assume at least $785 million of debt backstopped by a bridge loan. The seller, FTAI Infrastructure (FIP), is up 12% in pre-market trading. MARA is ahead 3%. The deal includes Long Ridge’s 505-megawatt combined-cycle gas plant in Hannibal, Ohio, along with more than 1,600 acres of land, water access, fiber links, fuel supply and grid connections, according to a Thursday filing. MARA said the site could support more than 1 gigawatt of total power capacity over time.…

Although market sentiment around Bitcoin has continued to hit extreme bearish levels, Bitcoin’s large holders are not willing to relent as they have continued to purchase the asset in large quantities. While these bearish sentiments have continued to fuel uncertainty on the leading cryptocurrencies, it appears that large holders are seizing the opportunity to purchase the asset for cheaper prices. Bitcoin whales are buying the dip Over the last three days, Bitcoin’s large holders have scooped the asset in large quantities, as popular crypto analyst Ali Martinez provided data revealing that 10,000 $BTC have been purchased by whale holders over…

Ethereum trades at $2,323 on April 29, up 1.48%, pushing toward the 100-day EMA at $2,349 as Polymarket traders give 62% odds the current session closes above $2,350, with the rising wedge on the daily chart tightening toward a resolution that the derivatives market is actively positioning around. $ETH Daily Chart: Rising Wedge Presses Into The 100-Day EMA $ETH Daily Price Action (Source: TradingView) $ETH has been building a rising wedge since the January low near $1,800, with the lower boundary rising from that base and the upper boundary capping rallies since late March. Price at $2,323 is pressing against…