Author: NBTC

Ethereum’s price has undergone an extensive phase of sideways consolidation subsequent to a decline toward the critical support level of $3K. Despite this, the cryptocurrency seems confined within a range between $3K and $3.7K, and it’s unlikely that volatility will pick up unless it manages to break out in either direction. By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals Ethereum’s prolonged sideways consolidation after finding substantial support around the $3K threshold. This zone aligns with significant Fibonacci retracement levels ranging between 0.5 ($3190) and 0.618 ($2972) alongside the pivotal 100-day moving average at $2972. This…

This year has been nothing if not interesting for the world’s premier cryptocurrency, Bitcoin (BTC). Along with massive price movements in the crypto market which saw BTC gain tens of thousands of dollars within months and hit a new all-time-high above $73,000, there have also been other major developments. Early January saw the approval of the first-ever spot BTC exchange-traded funds (ETFs) in the U.S. and the subsequent brief but brutal crypto market wipe, as well as a massive sector-wide rally in later months. Bitcoin is set to reach yet another milestone in just over a month in the form…

Institutional holders of bitcoin who want to earn a yield on their assets in commonly used DeFi protocols today can only do so in size by sending it to BitGo for wrapped bitcoin (wBTC). Launched today, DLC.Link’s new trust-minimized way to wrap bitcoin is looking to become a viable alternative. The “DLC” in the name stands for Discreet Log Contracts, which preconfigure the conditions under which locked bitcoin (BTC) can be transferred, meaning the owner retains full ownership of their coins on the Bitcoin network. A representation is then minted on a target chain as dlcBTC — an ERC20 token…

Binance, one of the largest crypto exchanges, has decided to delist six trading pairs. This move is part of Binance’s routine effort to keep its trading environment healthy and ensure the best experience for its users. The pairs being removed include BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD and UNI/BNB. However, this does not mean the individual cryptocurrencies are being removed from Binance altogether. Users can still trade these assets in other pairings available on the exchange, like USDT, USD, BUSD and others. Looking at the performance of some of these pairs, such as OP/TUSD and UNI/BNB, the charts show why the…

Ethereum price stayed above the $3,400 support zone. ETH is recovering losses, but it must clear $3,600 to continue higher in the near term. Ethereum extended its decline and tested the $3,400 support zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it stays above the $3,500 support zone. Ethereum Price Aims Higher Ethereum price extended its decline below the $3,500 level. ETH even spiked…

On Tuesday, the business intelligence firm Microstrategy announced it completed a $603.75 million offering of convertible senior notes due 2031. After the announcement, Microstrategy’s founder Michael Saylor announced the company acquired 9,245 bitcoin for $623 million using the proceeds and excess cash. Microstrategy Now Holds 214,246 Bitcoin After Microstrategy announced its convertible note sale, the company completed the offering and used the funds to purchase more bitcoin (BTC). “The aggregate principal amount of the notes sold in the offering was $603.75 million, which includes $78.75 million aggregate principal amount of notes issued pursuant to an option to purchase, within a…

ACE Exchange founder David Pan, together with 6 other defendants, are taken into custody by Taiwanese authorities on charges of fraudulent behavior and using illegitimate money to fund their secret projects. The process by which the defrauders were said to have removed almost $10.7 million from unsuspecting buyers. Suspects announced their version on Monday, which stated that they reached out to investors through an offshore provider who, at the terminal, deposited stablecoins in the services, which are called”Alfred Wallet,” which resulted in unauthorized cash transfers. An ambiguity emerged when a cash withdrawal request was made from a digital wallet, apparently…

The price of Ethereum, the main altcoin of the crypto market, has experienced a real roller coaster ride over the past 24 hours. Thus, after yesterday’s dump, which liquidated tens of millions of dollars worth of positions in just an hour, the price of Ethereum fell by 3.1% at one point, reaching $3,411. Then, however, there was a rebound, and a little more than 20 hours later, ETH is trading at $3,591, showing a 5.3% gain from yesterday’s bottom. Amid these dramatic price swings, a flurry of activity from crypto whales, the most prominent players on the market, has caught…

Source: Midjourney Hong Kong’s Securities and Futures Commission (SFC) granted an expanded license to HashKey Capital. This upgrade enables HashKey to offer its services to retail investors, removing the prior restriction that limited its clientele to professional investors only, the firm said Thursday. This regulatory approval signifies a potential pathway for HashKey Capital to introduce virtual asset investment products to retail investors. However, such offerings remain contingent upon obtaining the necessary product approvals from the SFC. “This development not only demonstrates our leadership in the industry but also opens up exciting opportunities for retail investors to access our fund products…

According to data shared by the @lookonchain analytics account, two wallets purchased massive amounts of Ethereum on centralized exchanges a few hours ago and then made large purchases over the last three days. One of these wallets is suspected to belong to Jihan Wu’s company. In the meantime, while these whales have been grabbing Ethereum to add to their stashes, another massive wallet has made a huge ETH sale on Binance today. Whales scooping up massive ETH chunks Lookonchain reported that two whales had accumulated big Ethereum chunks. One of them, the source believes, may be Matrixport – the blockchain…