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Bitcoin and the wider crypto market have historically rallied in July, but traders are worried that the Mt. Gox repayments could impact the strength of this trend.
Layer 1 altcoins experienced a significant correction in June, following Bitcoin's decline to $60,000. This downturn was largely driven by Bitcoin miners selling off to cover operational costs and significant outflows from U.S.-based ETFs.
Most of the coins might have found a local deep, according to CoinMarketCap.
The first month of summer cannot be considered outstanding based on the green bars of the crypto asset price charts. At the end of June, the market capitalization of the entire digital asset market fell by more than 8%, or almost $200 billion.
After displaying a bearish price action over the past month, the cryptocurrency market has kickstarted the month of July with a strong bullish jump. Moreover, top tokens have successfully surpassed their important levels, indicating a positive outlook in the coming time.
ADA price rose for the second straight session on Monday, with positive sentiment around its ecosystem expansion providing fuel.
Cardano's (ADA) price is seemingly recovery-bound, but it would warrant extensive support from the market and investors.
Despite bearish predictions, Bitcoin (BTC) has crossed $63,000, rebounding after hitting its support level of $60,000 on Friday, with buyers entering the market and pushing the price higher.
In a recent social media exchange, prominent figures in the cryptocurrency world voiced sharp criticisms regarding President Joe Biden's cognitive health. Cardano founder Charles Hoskinson and former Ripple director Sean McBride joined the conversation.
In a recent post on the X social media network, Cardano founder Charles Hoskinson expressed his concerns about the sheer level of censorship enabled by artificial intelligence (AI).
Cardano (ADA) fell further to a low of $0.35 on June 18, but the bulls bought the dips. Support has remained stable over the past week.
Cardano, a leading blockchain platform known for its innovative proof-of-stake consensus mechanism, has taken a significant step towards achieving greater blockchain interoperability. By integrating the Inter-Blockchain Communication (IBC) protocol, Cardano is now able to seamlessly connect with Ethereum and other major blockchain networks.
The potential for Exchange-Traded Funds (ETFs) linked to cryptocurrencies like XRP and Cardano (ADA) has garnered significant attention among investors and enthusiasts alike. ETFs offer a streamlined way for traditional investors to gain exposure to digital assets without directly holding cryptocurrencies, thus potentially broadening the market reach and liquidity for these tokens.
A new pattern on Cardano's price charts could be the key to its price action.
Cardano (ADA) has recently experienced a notable price surge following a significant development shared by its founder, Charles Hoskinson. The cryptocurrency saw a 9% increase in trading volume, driven by the news of a strategic partnership with World Mobile.
Recently, the Cardano community found itself at the center of a social media whirlwind. The situation began when Rick McCracken, a prominent Cardano Stake Pool Operator (SPO), reshared a tweet from a Cardano community member and asked "What's happening with World Mobile?
Crypto trader Captain Faibik has pointed out a notable technical pattern on Cardano's (ADA) daily timeframe chart, suggesting a potential breakout could rally to $0.7 in the coming days. This prediction aligns with the upcoming Chang Hard Fork, where ADA's price has started to recover after weeks of decline. Cardano ADA To Hit $0.
Cardano's ADA skyrocketed over 27% in its trading volume, a key metric for determining investors' sentiment. With this uptick, ADA now stands as an exception to other top cryptocurrencies currently experiencing declines in their prices.
This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum fell by 3% this week, and buyers appear to struggle to defend the key support at $3,500.
Cardano price surged today, fueled by excitement surrounding the upcoming Chang Hard Fork, a significant upgrade to the Cardano blockchain. The upgrade, expected to finalize soon, has prompted bullish predictions from crypto analysts, suggesting ADA might hit $0.7 in the near future.
The tokens within the top 10 that have faded over time, Ripple (XRP) and Cardano (ADA), are again strengthening their presence. The prices are slowly inflating during times when the other tokens are consolidating within a narrow range.
The Cardano blockchain has announced the integration of the Inter-Blockchain Communication Protocol (IBC) to boost interoperability.
The realm of cryptocurrency ETFs appears to be now expanding, yet not all digital assets are poised for an easy transition into this financial product. GSR's recent analysis of the potential for ETFs across various crypto has brought forward insights that place XRP and Cardano in a challenging position for ETF adaptation.
Cardano's bearish sentiment becomes glaringly evident as its recent wins struggle to spark a rally.
