Month: January 2025

Bitcoin NVT Golden Cross Hits 60-Day Low: Is This Bullish?

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On-chain data shows the Bitcoin Network Value to Transactions (NVT) Golden Cross has plummeted recently. Here’s what this could mean for BTC’s price. Bitcoin NVT Golden Cross Has Plunged Into Bottom Zone Recently As explained by an analyst in a CryptoQuant Quicktake post, the BTC NVT Golden Cross has declined to the lowest level in two months recently. The “NVT Ratio” refers to an indicator that keeps track of the ratio between the Bitcoin market cap and transaction volume. When the value of this metric is high, it means the…

Analysts says Bitcoin’s support level is at $97K; ATH soon?

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Ali, a crypto analyst, points to Bitcoin’s potential support level at $97,530 as key in sustaining the current bullish momentum. The main support level to be monitored for Bitcoin is $97,530. Staying over this level is critical to keeping the current bullish momentum afloat, believes Ali. Bitcoin (BTC) has been trading in a tight range since hitting a new all-time high (ATH) of $109K on Jan. 20, 2025, and is now quoted at $105,128.95 as of Jan. 24. This reflects a 3.5% decline from the previous high, as per CoinMarketCap.  Understanding Bitcoin’s…

ICO response to government on economic growth

The Prime Minister, the Chancellor, and the Business Secretary wrote to the Information Commissioner (along with 16 other regulators) at the end of December asking for proposals to boost business confidence, improve the investment climate, and foster sustainable economic growth. The ICO takes its duty to promote growth very seriously and, as a key regulator for the UK’s digital economy, one of our strategic enduring objectives, set out in our ICO25 strategic plan, is to empower responsible innovation and sustainable economic growth. Data protection and information rights are essential building…

Ex-Paxful CEO’s Bitcoin marketplace Noones exploited for nearly $8m, ZachXBT says

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Peer-to-peer marketplace Noones may have been exploited for $7.9 million, with stolen funds routed through Tornado Cash. Noones, a Bitcoin (BTC) peer-to-peer marketplace founded by Paxful’s ex-CEO Ray Youssef, appears to have suffered a big hack. In early January, suspicious outflows drained around $7.9 million from the platform’s hot wallets on Ethereum (ETH), TRON (TRX), Solana (SOL), and BNB Chain (BNB), on-chain sleuth ZachXBT wrote in a Telegram post on Jan. 24. The blockchain investigator revealed the incident, showing hundreds of transactions, each under $7,000, as the funds were siphoned…

Riot Platforms exec slams Ripple for sabotaging strategic Bitcoin reserve

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A Riot Platforms exec accuses Ripple of lobbying against the Strategic Bitcoin Reserve to protect its XRP narrative and promote state-controlled digital currencies. Pierre Rochard, a vice president at Riot Platforms, has accused Ripple of leading a major lobbying effort to derail the Strategic Bitcoin Reserve, claiming the company is still throwing millions of dollars at politicians “desperately trying to derail it.” The biggest obstacle for the Strategic Bitcoin Reserve is not the Fed, Treasury, banks, or Elizabeth Warren. It’s Ripple/XRP. They are aggressively lobbying against the SBR by throwing…

Think Dogecoin Has Topped Out? Two Factors That Say ‘No Way’

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Este artículo también está disponible en español. In an analysis provided by crypto analyst Kevin (@Kev_Capital_TA), Dogecoin (DOGE) emerges as an altcoin defying current market skepticism, with technical indicators suggesting a bullish continuation rather than a peak. Dogecoin Is Still Bullish Kevin’s latest post on X highlights Dogecoin’s performance against its 50 and 200-day simple moving averages (SMA). “Dogecoin is still seeing fast expansion on the 50 and 200 simple moving averages after its weekly golden cross occurred,” he noted. This golden cross, a bullish indicator where the 50-day SMA…

Bitcoin ETFs face slowdown as Trump’s crypto executive order falls short on BTC-specific strategic reserve

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Inflows into spot Bitcoin ETFs in the U.S. remained sluggish on Jan. 23 as President Donald Trump’s efforts to form a working group on digital assets under an executive order failed to meet market expectations. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $188.65 million in net inflows on Thursday, marking their fourth consecutive day of declining inflows since the beginning of the week, when they recorded over $1 billion in inflows. BlackRock’s IBIT attracted the lion’s share of inflows, totaling $154.6 million, leading Bitcoin ETFs in…

Dogecoin (DOGE) Lags Behind: Struggles to Reignite Bullish Momentum

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Dogecoin started a downside correction from the $0.400 zone against the US Dollar. DOGE is now consolidating and might attempt a fresh increase if it stays above $0.3350. DOGE price started a fresh decline below $0.3880 and $0.3650. The price is trading below the $0.3550 level and the 100-hourly simple moving average. There is a major bearish trend line forming with resistance at $0.3520 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.3520 and $0.3550 resistance…

XRP Price Dips Back to Support: Consolidation or Breakdown Ahead?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

What the Signs Say About Its Next Move

Este artículo también está disponible en español. Ethereum price is consolidating above the $3,180 support. ETH must clear the $3,350 resistance zone to start a fresh increase in the near term. Ethereum started a fresh increase from the $3,180 support zone. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $3,220 support…