Cardano's Charles Hoskinson Sees Bitcoin Hitting $250K ‘Within A Year' — Hopium?
Cardano's Charles Hoskinson forecasts a $250K Bitcoin price despite crypto losses triggered by Trump's tariffs. Could China's yuan devaluation save the bull run?
Keep up with what's happening in the crypto world in real-time.
Cardano's Charles Hoskinson forecasts a $250K Bitcoin price despite crypto losses triggered by Trump's tariffs. Could China's yuan devaluation save the bull run?
In a market frequently influenced by hype and speculation, cryptocurrency investors are beginning to consider alternatives to the popular coins, such as Solana (SOL), Cardano (ADA), XRP, and Dogecoin (DOGE). They are looking for other projects that offer utility and have growth potential.
In a surprise twist, Cardano (ADA) is up despite a classic bearish indicator flashing on its charts. The famed "death cross," which occurs when the 50-day moving average crosses below the 200-day moving average, has appeared on the Cardano daily chart.
Leading altcoins $XRP, $ADA, and $SUI have all come back to major support. Will this support hold, and can these altcoins bounce back?
Cardano (ADA) struggles below $0.60 with key support at $0.50 after dropping to $0.51, while bulls eye resistance at $0.60-$0.63.
Cardano price briefly retested the $0.600 mark but failed to secure that support for the second successive day as selling pressure mounts.
Ripple's latest video about tokenization starts with Cardano's logo, leading some to speculate a partnership between the two giants. Since the video explains the potential for the tokenization sector to grow to $18 trillion by 2033, it could suggest a collaboration toward this goal.
Cardano price started a recovery wave above the $0.5680 zone. ADA is consolidating near $0.60 and remains at risk of more losses.
Bitcoin (BTC) made a sharp comeback and is trading near the $78,000 level. The largest cryptocurrency by market capitalization tumbled below the psychological support of $80,000 after the US stock futures market opened sharply lower on April 6.
Cardano (ADA) has managed to recover from a loss of nearly 18% in the past 24 hours and has now lost 8.6% of its value as the market crashed during the weekend amid Donald Trump's hostile trade policy decisions.
The crypto market is facing one of its most violent shakeouts in recent weeks, with major cryptocurrencies like XRP, Solana (SOL) and Cardano (ADA) recording significant losses.
Will high bear pressure put overleveraged longs at risk of cascading liquidations?
"The uncertainty dragged Solana and Ethereum into a steep downtrend," an expert told Decrypt, saying current trading "smells of profit-taking."
The crypto market is reeling from the aftermath of rising global economic tensions, fears of a US recession, and intensifying trade conflicts. Bitcoin has dropped below $77,000, losing over 10% from its recent high of nearly $90,000. Altcoins like Ethereum, XRP, Solana, and Dogecoin are experiencing even sharper declines, reflecting widespread market unease.
Cardano is taking a massive hit as the crypto market bleeds. With prices crashing over 16% in the last 24 hours, ADA has reached a major support zone.
One of the biggest Cardano (ADA) contributors known for his work in the ecosystem, Sebastien Guillemot, recently revealed a significant donation made by his development crew, dcSpark. The donation, worth $460,000 ADA tokens, represents a $400,000 loan, alongside $60,000 in accumulated interest.
An investment of $1,500 could grow into a respectable amount of money in the right place, but it's not so large that it precludes taking a bit of a risk. On that note, for some investors, Cardano (ADA -15.58%) might seem like an appealing option, as it's riskier than a pick like Bitcoin but nowhere near as risky as some lesser known altcoins.
Cardano (ADA) has faced a sharp price decline amid heightened volatility and widespread liquidations across the broader crypto market. Over the past 24 hours, ADA has shed more than 10% of its value, marking one of its steepest single-day losses in recent months.
The crypto market has crashed, leading to a $1.5 trillion wipeout, with the total market cap of all coins plunging to $2.37 trillion. Bitcoin dived to $75,000, while Ethereum plunged to $1,445.
XRP, ADA, DOGE Tokens Drop Below Critical Price Supports Amid 'Economic Nuclear War'
Cardano (ADA) saw a sharp decline on Sunday, falling 10.26% to $0.5855 by 14:50 ET (18:50 GMT), marking its largest single-day drop since April 6, according to Investing.com data. This significant drop brought ADAs market capitalization down to $20.97 billion, representing approximately 1.10% of the overall cryptocurrency market cap.
Both assets have actually retraced in the past 24 hours.
Cardano price has crashed by over 51% from its highest level in November last year, and technicals point to a further downside. Cardano (ADA) was trading at $0.646 on Sunday, bringing its market cap to over $22.7 billion.
Cardano (ADA), the ninth-largest cryptocurrency by market cap, is approaching a technical indicator known as a death cross a bearish signal that could point to further downside. A death cross occurs when the 50-day simple moving average (SMA) drops below the 200-day SMA, suggesting weakening short-term momentum.