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Almost Nobody Holding Cardano (ADA) is in Profits Following Today’s Crypto Crash: Data

TL;DR Cardano (ADA) reached a nine-month low price, leaving many investors in losses (as of the moment). Input Output introduced a partner chains toolkit to enhance security, though ADA’s price remained unaffected. The RSI indicates it might be oversold, hinting at a potential rebound. Almost Every ADA Investor Goes Underwater The cryptocurrency market has significantly declined in the past few days, with things escalating in the past 24 hours. The sector witnessed a severe...

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Korea’s Virtual Asset Market Crashes as Bitcoin Plummets to February Lows, Stocks Plunge

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Bitcoin Faces Potential Fall Despite US Economic Uncertainty and Market Shifts

Bitcoin’s recent declines may signal a deeper downturn due to US economic concerns Recent price rally halted by weak ISM index and Fed’s dovish outlook. The cryptocurrency research group 10X Research predicts that the recent declines in the price of Bitcoin could be the start of a more serious decline, citing an upcoming economic storm and the asset’s separation from the stock market. Despite a strong start to the week marked by interest in Bitcoin ETFs from three major US pension funds and...

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Trading Volume on Crypto.com Overtakes Coinbase

Crypto.com’s trading volume surpassed that boasted by Coinbase on August 1, rising to $3.6 billion compared to the latter’s $2.12 billion. Data on crypto market intelligence firm Messari reflected the same. The 23% increase boasted by Crypto.com comes from the robust institutional adoption crypto has been witnessing, with the exchange becoming a go-to for numerous institutional players. The launch of spot ETH ETFs in the US is also a massive factor in dominance displayed by Crypto.com...

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Bitcoin Falls Below $61,000, Taking Altcoin Prices Down With It

The largest cryptocurrency, bitcoin, dropped to price levels below $61,000 from highs of over $65,000 within 24 hours. The asset also nearly peaked past $70,000 earlier in the week. This drop comes despite a US jobs report showing that only 144,000 jobs were added in the past month, a factor that should have caused the asset’s price to rise. News like that often pushes risk assets like stocks and crypto into the green territory. Massive tech stocks also observed losses on Friday, regardless...

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Bitcoin Price Analysis: Following a 10% Weekly Crash, What’s Next for BTC?

Bitcoin’s price experienced a significant drop yesterday following the breakdown of the $64K support level. The price is now in a key area that could determine the crypto market’s mid-term fate. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been dropping since creating a double top pattern at the $68K resistance level. The $64K level has also been broken down to the downside, and the cryptocurrency is testing the 200-day moving average....

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