Month: February 2025

Bitcoin Unable To Break Upward As 1.6 Million BTC Resistance Wall Blocks Path

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On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC’s advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new post on X, the market intelligence platform IntoTheBlock has discussed how BTC support and resistance levels are looking from an on-chain perspective right now. In on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of supply that was last transferred or purchased at it. Below…

NC’s Crypto Investment Bill Advances, Bringing Digital Assets Closer to Public Portfolios

North Carolina is set to modernize its investment strategy with a bill allowing the State Treasurer to allocate funds to digital asset products, signaling a shift toward blockchain-based finance. North Carolina Considers Crypto Investments for State Funds in New Bill North Carolina Speaker of the House Destin Hall and Representatives Stephen Ross, Mark Brody, and […] Source CryptoX Portal

XRP Price Finds Stability—Can It Turn Higher from Here?

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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…

Ethereum Whales Have Bought Over 600,000 ETH In The Past Week – Time For A Price Upswing?

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Este artículo también está disponible en español. Ethereum has been struggling to regain momentum, trading below the critical $2,800 mark since last Thursday. Bulls are in trouble as the price remains trapped under key supply levels, leaving investors concerned about Ethereum’s short-term future. Many who expected a bullish year for the second-largest cryptocurrency are now questioning their outlook after last week’s massive selling pressure took ETH from $3,150 to $2,150 in less than two days. Related Reading The recent price action has amplified fear and uncertainty among retail investors, with…

Ethereum Price Gearing Up for Gains—Can Bulls Sustain The Momentum?

Este artículo también está disponible en español. Ethereum price is moving higher above the $2,600 zone. ETH might gain bullish momentum if it clears the $2,800 resistance zone. Ethereum started a fresh increase above the $2,650 resistance level. The price is trading above $2,680 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,780 and $2,800. Ethereum…

Bitcoin Price Stuck In Consolidation—Is a Big Move Coming?

Bitcoin price is consolidating above the $95,000 support zone. BTC must settle above the $100,000 level to start a fresh increase in the near term. Bitcoin started a fresh increase from the $94,200 zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $96,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $98,500 zone. Bitcoin Price Eyes Fresh Increase…

Bitcoin $166,000 Target Still In Play? The Extension That Determines Where Price Goes Next

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Este artículo también está disponible en español. Crypto analyst CryptoCon has reaffirmed that a Bitcoin price rally to the $166,000 target is still in play. The analyst further revealed what needs to happen for the flagship crypto to reach this ambitious price target.   What Determines The Bitcoin Price Rally To $166,000 In an X post, CryptoCon stated that the Bitcoin price simply needs to mirror its last year’s move in order to reach the next rung on this hyper-accurate extension in March. His accompanying chart showed that the next rung…

20 US States Push Bitcoin Reserve Bills, Potentially Igniting a $23 Billion BTC Buying Frenzy

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Lawmakers in 20 U.S. states are pushing bitcoin reserve bills that could inject $23 billion (247K BTC) into the market, according to Vaneck’s head of digital assets research, who calls the estimate conservative. 20 State Bitcoin Bills Could Unleash a $23 Billion Buying Wave—247K BTC at Stake Lawmakers across 20 U.S. states have introduced bills […] Original

Armstrong says billions of people will use Bitcoin by 2030

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Commenting on an X post about the high speed of crypto adoption, Coinbase CEO Brian Armstrong said that several billion people will be using Bitcoin by 2030.  Armstrong was commenting on a post that shares the statistics from the recent BlackRock study. It says that crypto hit the 300 million users landmark in just 12 years. Allegedly, it is 43% quicker than a mobile phone adoption and 20% quicker than an Internet adoption. It really depends what you count as the official start year – for Bitcoin, Internet, and mobile…