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Bitcoin (BTC) has pulled back from its recent milestone of $100,000, dropping to a low of $94,000 before recovering to $97,000 at the time of writing. The decline, attributed to profit-taking and concerns over Google's quantum computing advancements, has introduced a sense of caution into the market.
Bitcoin is again outperforming, sliding just 3% back to $95,000.
Cardano's (ADA) developer Input Output announced the release of Daedalus v7.0.0, an updated version of full-node desktop wallet software. Deadalus mechanisms are optimized for a new design of ADA delegation that is necessary for the upcoming Cardano Constitution referendum.
Cardano (ADA) price is currently trading below $1 for the first time since November 26, reflecting its ongoing downtrend. The ADX has risen to 41.2, confirming the strength of this bearish trend, as ADA continues to face pressure with a D- at 33.2 and D+ at 6.2.
Cardano (ADA) faced a 23% retrace from its local highs yesterday, following a volatile day that saw many altcoins lose ground. Despite the correction, ADA has been one of the top-performing altcoins since November 5, showcasing its resilience amid market fluctuations.
Cardano has experienced a sharp decline over the past week as sentiment shifts.
XRP's 7-day loss reached 14%, while Cardano's ADA led the top ten coins with a 19% negative price movement. XRP and ADA Record Double-Digit Weekly Losses On Tuesday, Dec. 10, XRP briefly dropped to $2.14, an almost 20% plunge from its Monday peak of $2.61.
Dan Gambardello, the founder of Crypto Capital Venture, is bullish on Cardano (ADA) breaking new price levels as early as January. Gambardello, in an X post, says ADA could hit $2 based on the "cycle data.
Litecoin's daily usage metrics have surpassed several other prominent networks.
Cardano price is eyeing an epic rebound after latest selloff in the broader digital currency ecosystem.
ADA price lost more than 14 percent in the last week, but a return above $1 with 27 percent of investors out of the money signals recovery.
Digital assets appear ready for recovery after the latest flash crash, which saw billions liquidated from the crypto market in the past few sessions. Let's explore movements in large-cap altcoins for an overview of the ongoing developments amid the rotation from BTC to altcoins.
“Historically, these dips have been followed by swift recoveries as fresh capital flows back into oversold assets," a CoinSwitch analyst told Decrypt.
The recent dip in Cardano price to near $1 has sparked discussions in the broader crypto market, especially after the recent strong rally. It appears that the dip comes amid a retreat noted in the broader crypto market, indicating that investors are taking a pause ahead of the crucial economic releases.
After an impressive rally since early November, the Cardano (ADA) price has been retesting the upper border of a megaphone weekly chart pattern. The large-cap altcoin, with a fully diluted valuation of about $45.5 billion and a daily average traded volume of around $4.
Cardano (ADA), one of the leading cryptocurrencies, has been struggling to find direction in recent trading sessions. Despite a 12% gain over the past week, the token remains below the $1 threshold, hinting at a prolonged consolidation phase.
The crypto market is experiencing a dip, but for many experts, this is seen as a healthy correction in the ongoing bull cycle. Despite the decline in prices, the sentiment remains bullish, with many expecting further growth in the long term.
Cardano (ADA) has dipped below the $1 level and is down by more than 17 percent in the last 24 hours. The altcoin is currently facing significant resistance in the range of $1.12 to $1.24 on the weekly chart.
Cardano, Stellar, and Neiro show potential bullish setups amid Bitcoin's decline. Learn about their key technical levels and breakout targets.
In a groundbreaking achievement, Cardano's layer-2 scaling solution, Hydra, has shattered expectations by processing $2 billion in transactions in just four hours, surpassing the capabilities of global payments giant Visa.
Bitcoin's failure to hold $100,000 could attract profit booking from traders. Which altcoins will follow BTC's downtrend?
According to data from analytics site IntoTheBlock, Cardano (ADA) recorded $25.48 billion in large transaction volume, representing a 9.42% increase over the previous day.
On Sunday, the X account of the Cardano Foundation was hacked by an unidentified entity, leading to the spread of false information about the Cardano project.
A swathe of older altcoins colloquially known as “dino coins” have rallied while many of the newer tokens have stalled; analysts explain some of the reasons why.
