Author: NBTC
Cryptocurrency analytics firm Alphractal has issued a critical assessment of Bitcoin’s price action, warning that BTC is at a decisive level. According to the firm, Bitcoin needs to hold onto support above $88,000 to avoid a steeper drop. At the time of writing, the BTC price is trading around $87,000. Alpha Price models from Alphractal show potential downside targets of $76,000 and $66,000 if Bitcoin fails to hold above these key levels. Despite this bearish sentiment, the firm notes that the market remains focused on external news, such as MicroStrategy’s $2 billion Bitcoin purchase and the Bybit hacker incident, while…
A widely followed crypto analyst says that smart contract platform Ethereum (ETH) appears close to bottoming out against Bitcoin (BTC). In a new video update, crypto strategist Benjamin Cowen tells his 877,000 YouTube subscribers that the ETH/BTC pair will likely find its cycle low under 0.017 ($2,181) sometime near the end of the year. “ETH/BTC market cap ratio is getting pretty close to the lows…I think there is a decent chance that it will bottom out.” However, according to Cowen, if the US Federal Reserve were to cease its monetary policy of quantitative tightening, the ETH/BTC pair would immediately bottom…
Amid the ongoing heightened volatility in the wider digital asset market, Hyperliquid (HYPE) seems to be drawing attention from large investors. Today, according to data from Lookonchain, crypto whales are buying Hyperliquid tokens in big numbers. Whales are buying $HYPE!0x9f70…DB0D deposited 5M $USDC to #Hyperliquid to buy $HYPE 15 hours ago.0x8AD6…f23D deposited 2.07M $USDC to #Hyperliquid to buy $HYPE in the past 24 hours.0x48F1…359c deposited 1.35M $USDC to #Hyperliquid to buy $HYPE 8 hours ago.… pic.twitter.com/pMxnLUs9If — Lookonchain (@lookonchain) February 25, 2025 Whales buy 447,396 HYPE tokens Today, February 25, crypto analyst Lookonchain reported on X that whales have bought…
Upbit, South Korea’s leading cryptocurrency exchange, has skyrocketed to the top, now holding the largest XRP reserves among all tracked exchanges by CryptoQuant. This comes just days after President Donald Trump revealed plans for a US crypto reserve featuring XRP and other tokens. Impressively, Upbit holds twice as much XRP as Binance, the second-largest platform, in terms of XRP reserves. This depicts how XRP trading is growing in popularity in South Korea. Notably, analyst Kate Young Ju pointed this out in an X post. Upbit holds the most XRP among all exchanges, twice as much as Binance. pic.twitter.com/wBE3JrL3Ak — Kate…
Power Slap and VeChain have announced a long-term partnership to bring live slap championships to a global audience via YouTube. Dana WHITE, CEO of the Ultimate Fighting Championship and founder of Power Slap, along with Sunny LU, co-founder and CEO of VeChain, revealed the new deal in a press release, White and Lu also sharing the news on the X platform. As part of the partnership, VeChain, the official blockchain partner of the UFC since 2022, will become the official sponsor and title partner of Power Slap events. The cryptocurrency company will also serve as the official cryptocurrency of the…
Bitcoin traded at $86,473 at 2:25 p.m. ET on February 25, 2025, with a market capitalization of $1.72 trillion, a 24-hour trade volume of $98 billion, and an intraday price range between $85,953 and $94,587. Bitcoin BTC’s hourly chart reflects significant downward momentum, with bitcoin recently hitting a high of approximately $96,492 before reversing sharply. Selling pressure has been persistent, and while minor relief bounces have occurred, they have been quickly sold off. The price is currently hovering near the $85,953 low of the day, testing a key support zone between $85,000 and $86,000. If this level fails, increased volatility…
Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme fear and uncertainty. The rapid sell-off has fueled speculation that a bear market could be on the horizon, with many analysts calling for further downside in the coming months. However, despite the overwhelming bearish sentiment, there is still a chance for Ethereum to recover as the price is now testing a crucial demand level. If bulls manage to hold this area, ETH could stage a strong rebound and shift momentum back in favor of buyers. Top analyst BigCheds…
TRON DAO Reserve, which purports to govern the so-called reserves for the so-called decentralized stablecoin USDD, has no decentralized autonomous organization (DAO). Historically, there has been a governance portal that has allowed users to vote on USDD changes, but strangely, it has only been used once in the several-year-long history of the protocol. The page for those votes has since been taken down. Although this governance ability seems to have been removed, the documentation for USDD still openly claims that “the governance framework of the USDD ecosystem is designed to be community-driven and decentralized.” It goes even further, claiming that…
Story Protocol has announced a partnership with Oxford University on a research initiative to advance AI agent communication and negotiation capabilities. The collaboration will focus on improving clarity in AI interactions and optimizing agent-to-agent negotiations, with developments feeding into Story’s Agent TCP/IP framework. Agent TCP/IP is designed to facilitate AI-driven transactions of intellectual property, enabling autonomous agents to exchange, license, and manage digital assets. By integrating research from Oxford, Story aims to refine how AI agents communicate, ensuring smoother and more transparent exchanges. “We are able to accelerate towards a future where AI agents can collaborate and exchange IP autonomously,”…
Bitcoin trades at $86,930 on Tuesday. BTC price dropped below the $90,000 support level for the first time in over three months, generating a negative sentiment among traders. Crypto traders have turned “fearful” after nearly six months of “neutral” and “greed,” per the Crypto Fear & Greed Index. Amidst the Bitcoin (BTC) price correction, a new trend has emerged among institutional investors. A five-day streak of net outflows on U.S. based Spot Bitcoin ETFs raises concern among traders. Are institutional investors giving up on Bitcoin? Is the BTC bull runover? We investigate the on-chain and technical indicators to identify the…