Author: NBTC

Ethereum Price Prediction: Ethereum, the second-largest cryptocurrency, currently shows a lack of bullish momentum contrary to the generally bullish sentiment around Bitcoin spot ETFs. The ETH price has been resonating between the $2400 and $2140 horizontal levels for the past five weeks, with the overhead supply preventing the buyers from a higher rally. Will potential approval from the US SEC bolster the Ether price to escape this uncertainty? $2400 Breakout Will Trigger a Direction Rally A steep support trendline leads to the current recovery trend in the ETH price. A potential recovery may face new resistances at $2680 and $3000…

In 2023, the top ten Web3 projects collectively raised $1.78 billion in funding, a figure which is 70% lower than the $5.87 billion raised in the previous year, the findings of a new study have shown. The findings also show that Web3 projects were able to attract $9 billion in capital with infrastructure projects accounting for 36.5% of the total. Most Capital Raised in the Latter Half of 2023 According to a study conducted by the crypto exchange Binance, venture capital investments in the top ten Web3 projects saw a significant downturn in 2023, with only $1.78 billion raised. This…

Bitcoin price was stronger during the weekend, achieving the highest weekly close in more than two years. There was another swing to the $48,800 resistance wall on Monday morning (Asian business hours) followed by a rejection, pushing BTC price below $48,000. Optimism Builds For A Bitcoin Price Pre-Halving Rally Although trading at $47,800 during American business hours on Monday, Bitcoin has the potential to reverse the trend northwards eyeing areas above $50,000. That said, traders would be looking out for a four-hour close or acceptance above the importance hurdle at $48,500, where BTC could launch an attack on $50,000 resistance…

Ethereum has been increasing in the past day in the hopes that an ETH ETF might be next in line on the SEC’s agenda. Meanwhile, the probability of a further bullish continuation seems to remain high, considering what the charts are demonstrating. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been trapped between the $2,100 and $2,400 levels over the last month. A breakout from either side of this range can determine the trend’s short-term direction. A bearish breakout would likely result in a decline toward the 200-day moving average, located around the $1,900…

While there are about two weeks left for the FED to announce its January interest rate decision, interest rate cut expectations are increasing. While the timing of the FED’s interest rate cut is closely followed by the Bitcoin and cryptocurrency markets, the latest assessment came from Bank of America CEO Brian Moynihan. Speaking to CNBC’s Squawk Box program, BoF CEO seems more relaxed than many on Wall Street who are looking forward to the FED cutting interest rates. Brian Moynihan said that although he is comfortable about whether the FED will cut interest rates or when the cuts will occur,…

Ripple has officially released its Q4, 2023, XRP Markets Report, which unveils the company’s views on the state of crypto markets, relevant XRP Ledger and XRP-related announcements and market developments over the previous quarter. According to Ripple, Q4, 2023, was a historic quarter for crypto and broader macro assets, with growth and triumphs on multiple fronts. This is also evident in an increase in on-chain activity for the XRP Ledger. On-chain activity refers to the number and volume of transactions that take place on XRP Ledger, an open-source, public blockchain. As stated in the report, in the past quarter, XRP…

As the countdown to Bitcoin’s next halving ticks below 10,000 blocks, crypto investors and traders are getting ready for a volatility surge. The halving, a scheduled event that slashes the reward for mining new blocks in half, is a fundamental economic mechanism designed to introduce scarcity into Bitcoin’s tokenomics. Historically, these periods have catalyzed significant bullish runs, and this time around, the question on every investor’s mind is whether BTC will break the elusive $50,000 mark. Currently, Bitcoin hovers around the $48,000 mark, following a remarkable recovery from previous dips. This resurgence has been characterized by a sustained uptrend, breaking…

Consensys CEO and Ethereum (ETH) co-founder Joseph Lubin says there’s a massive amount of sidelined capital waiting for crypto exchange-traded funds (ETFs) to hit the market. In an interview with CNBC, Lubin says there are hundreds of billions of dollars sitting in the hands of professionals in the traditional finance industry waiting for easier, regulated exposure to digital assets via an ETF. “There is so much money on the sidelines managed by registered investment advisors (RIAs) in different kinds of funds like retirement funds and companies that want to access the technology, that want to gain exposure to these uncorrelated…

USD-backed stablecoins remain the most popular real-world assets (RWA) in the crypto and blockchain space today. On Tuesday, the Tokenized Asset Coalition (TAC) released its ‘State of Asset Tokenization: Inaugural Annual Report.’ According to its findings, stablecoins are considered the ‘silver lining’ for RWAs, despite the dip in total value over the past two years. The report notes that when compared to blockchain and VC activity in the crypto space, centralized USD stablecoin issuers Circle and Tether remained relatively resilient to bear market volatility. According to information available on DeFiLlama, stablecoins currently have a market cap of $133.88 billion, with…

A discreet yet significant development has emerged within the SHIB community, as an unidentified individual has recently achieved the status of trillionaire within the Shiba Inu ecosystem. Etherscan data confirms that this enigmatic figure has amassed a substantial portfolio, now totaling over 1.14 trillion SHIB tokens, with an estimated value of $10.66 million. The latest influx of tokens, comprising 200 billion SHIB, was transferred from the renowned exchange Binance to the individual’s wallet approximately 20 hours ago, further solidifying their position within the market. Coinciding with this notable acquisition, the price of Shiba Inu experienced a modest increase of nearly…