Author: NBTC

Ethereum price tested the $3,040 zone and corrected gains. ETH is now testing the $2,925 support and might aim for a fresh increase. Ethereum started a downside correction after the bears defended $3,040. The price is trading below $2,960 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,965 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $2,925 support. Ethereum Price Dips Again Ethereum price started a fresh increase above the $2,950 and $2,960 levels, like…

Changelly researchers argued for XRP’s potential to attain the $104 value before the next two decades. XRP experienced a slight price increase of 3% during the recent mini-bull trend, marking a recovery phase from the earlier downturn. As a result, the seventh-largest crypto is up by 13% in its one-year trajectory. In contrast, closest rivals like Bitcoin, Solana, and Dogecoin wield over 100% gains through the same period. Moreover, at a market value of $0.53, XRP trades at the price levels it sold for precisely six years ago in 2018. Regardless of XRP’s weakness in orchestrating a commendable price surge,…

The South Korean tax body, the National Tax Service (NTS), has announced it has liquidated previously frozen crypto worth more than $800,000. In a press conference held at its Seoul headquarters on May 14, the NTS exhibited some of the items it had seized in raids on “high-value” and “habitual” tax delinquents. South Korean Tax Body Liquidates Crypto as Crackdown Continues The NTS and its regional affiliates have been cracking down on tax dodgers who use crypto investments to hide their income in recent years. These crackdowns have yielded great success for the NTS and local tax bodies. They have…

As the much-anticipated Bitcoin (BTC) halving approaches, analysts are sounding the alarm on potential price drops. CryptoQuant, a leading cryptocurrency analytics platform, has warned that Bitcoin’s price could plummet to $52,000 if certain key levels are breached. CryptoQuant highlighted growing uncertainty on the Bitcoin derivatives market. The platform pointed out that derivative traders are showing far more caution than in previous halving cycles. This caution is particularly notable as the market sees an influx of new institutional players. The caution among derivatives traders is reflected in the declining open interest and funding rates, as illustrated in the BTC chart. Open…

Evan Van Ness says that Ethereum spot ETFs may see approval despite lingering security status investigation. X user shares unique opinion that SEC may neither approve nor deny spot ETH ETFs. Ethereum investors still show uncertainty as they await fresh market outlook after ETH ETF decision. Ethereum again went below the $3,000 key level on Thursday after posting signs of a rally. The recent price action follows several predictions from the crypto community regarding the Securities & Exchange Commission’s (SEC) decision on spot ETH ETFs next week. Read more: Ethereum shows slight bullish signs, SEC faces several hurdles in attempts…

Crypto analyst Egrag Crypto predicts $200 trillion total market cap growth in a decade. He then highlights altcoin VRA’s potential surge, reaching $0.2 to $0.40. Community engages in VRA discussions, anticipating multi-millionaire opportunities. VeChain continues to build and grow as it onboards many more sustainable projects onto its green blockchain network. The latest of these partnerships includes the onboarding of VeChain’s latest grant recipient, SolarWise. Happy to welcome @TheSolarWise as our latest grant recipient – a project tokenizing solar energy!They’re helping advance UN SDGs through clean energy, blockchain and #NFT tech.#BUIDL $VEThttps://t.co/hDgKmcCqCC — vechain (@vechainofficial) May 4, 2024 In detail,…

As Ripple and the SEC anticipate the court’s ruling on remedies, Attorney Murphy identifies the “crazy” part of the SEC’s demand for disgorgement in the lawsuit. Prominent legal expert James “MetaLawMan” Murphy has provided fresh insights into the SEC v. Ripple lawsuit, especially the regulator’s demand for disgorgement. In the context of securities regulations, disgorgement entails surrendering all ill-gotten gains obtained through unlawful activities. Recall that in the SEC’s opening remedies-related brief, the regulator asked the court to impose a nearly $2 billion penalty against Ripple following its violation of federal securities laws. The $2 billion fine the SEC seeks…

According to recent data, bitcoin transaction fees have significantly increased since the first week of April. Metrics show that the average fee has escalated to 133 satoshis per virtual byte or $19.48 per transaction. Bitcoin Fees Climb Steadily as Runes Protocol Launch Nears The cost of sending bitcoin (BTC) onchain is climbing, with the halving expected after another 229 blocks are mined. As of April 18, 2024, approximately 164,000 transactions or 220 blocks worth of transfers are pending confirmation. There has been an increase in transaction activity since April 4, and from April 7 onward, there have consistently been more…

After one very long ride, Ethereum (ETH) has finally breached the psychologically important $3,000 price mark. While this calls for celebration, investors are advised to exercise caution as headwinds lie ahead. Ethereum market headwind not cleared Despite its strong correlation with Bitcoin, Ethereum’s price outlook in this current bull cycle has been somewhat disappointing. While Bitcoin soared to its all-time high (ATH) and set a new one above $73,000, Ethereum traded above 40% below its ATH. The $3,000 price level has been a major bane for Ethereum over the past month. From at least April 17, Ethereum has made at…

MakerDAO has recently executed substantial sales of its governance token, MKR. According to the on-chain analytical platform Spot On Chain, MakerDAO’s Multisign 0xbba deposited a significant 750 MKR, valued at $2.19 million, to Binance. This transaction happened through a middle wallet – 0x1cc at a price of $2,920. This action is part of a broader trend that has garnered attention within the industry. Price Impact on MKR Spot On Chain observed that since its resurgence on March 18, 2024, the multisign has consistently deposited MKR tokens. The deposits total a staggering 11,993 MKR, valued at $31.18 million at an average…