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Cardano has faced significant volatility and selling pressure as the broader crypto market struggles to establish strong support levels. Since early December, Cardano has dropped over 61%, with its price action reflecting a persistent downtrend that has shaken investor confidence.
NYSE Arca has filed on behalf of Grayscale to launch the firm's first-ever standalone Cardano ETF product.
The potential listing of a Cardano ETF could enhance mainstream crypto adoption, yet regulatory challenges may impede its immediate success. The post Nyse files to list and trade Grayscale Cardano ETF under ticker GADA appeared first on Crypto Briefing.
Grayscale Investments has submitted an application to the New York Stock Exchange (NYSE) for a Cardano exchange-traded fund (ETF). This marks a step in the growing interest in cryptocurrency ETFs.
A subsidiary of the New York Stock Exchange, on behalf of Grayscale, filed to create a spot Cardano exchange-traded fund.
On Monday, asset manager and crypto ETF issuer, Grayscale, officially filed a 19b-4 proposal with the US Securities and Exchange Commission (SEC) to launch a spot Cardano ETF.
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Cardano price is currently testing a crucial support zone between $0.67 and $0.81, a level that has previously played a vital role in determining price movements. This range has historically acted as both support and resistance, making it an important area for traders to monitor.
The prospect of the Elon Musk-led Department of Government Efficiency (D.O.G.E.) adopting Cardano as its preferred blockchain is fueling discourse in the community.
Cardano (ADA) price remains in a consolidation phase after dropping more than 25% over the last 30 days as it struggles to reclaim the $25 billion market cap threshold. Despite signs of stabilization, indicators still reflect lingering bearish pressure.
Cardano (ADA) has recently shown promising signs of a potential rebound, raising interest from traders and investors alike. With key technical indicators flashing bullish signals, the cryptocurrency could be on the verge of a significant breakout.
ADA, the native token of the Cardano blockchain, seems to be weakening day by day and appears to be losing control over the crucial support level. Today, February 11, 2025, a prominent crypto expert posted on X (formerly Twitter) and shared key levels of $0.67 and $0.
Cardano (ADA) has been able to clamber back to the north of $0.70 at the start of the week, and following last week's sharp decline, could be setting up for a nice rebound this week.
Cardano price, a popular layer-1 network, remains in a bear market as the prolonged retracement that started in December continued. While ADA investors are deep in the red, one popular analyst believes that the coin is ripe for a strong bullish breakout, citing its historical performance.
ADA shows signs of a potential rebound, with a TD Sequential buy signal, a symmetrical triangle pattern, and balanced market dynamics hinting at an upcoming price breakout.
Cardano founder Charles Hoskinson spreads the word that towards the end of February he intends to meet “a very special person.” The video excerpt of that stream was shared by the Cardano-related X account @Cardanians_io.
Cardano price gains have now dried up as the February decline has pushed ADA into the red zone. Fearing that the Cardano price will recover by April, ADA holders are joining Propichain, a real estate investing system that uses artificial intelligence to streamline investment opportunities for its users.
Ripple (XRP) is currently priced at $2.43, and Cardano (ADA) sits at $0.70, where both are struggling to break past high performances
Cardano has been on a steady decline, falling 27% since the start of the month. The altcoin is now trading at a multi-month low, with bearish pressure continuing to weigh on its price action.
The prices of the majority of coins are bouncing off on the last day of the week, according to CoinStats.
Cardano remained under pressure and dropped below key support levels as the crypto sell-off continued. Cardano (ADA) token dropped to a low of $0.70 on Sunday, down by over 47% from its highest level in December last year.
Cardano is set to receive a significant boost through an innovative partnership with Walmart, which will introduce a crypto cashback program featuring Cardano's native token, ADA.
Cardano (ADA) has shown notable resilience in recent days, maintaining a stable position above crucial support levels, which raises questions about its potential to push higher in the coming weeks. As ADA continues to hold firm above the $0.81–$0.67 support zone, traders and analysts are watching closely to see whether this stability signals the start of a potential breakout.
Ethereum (ETH) is currently stuck in a narrow range after failing to surpass the $4k resistance. Its poor price movement has left investors looking for the next big thing. IntelMarkets (INTL) is the latest DeFi project making waves in the crypto market.
