Price Analysis
Bitcoin pole vaulted to $78,000 and altcoins soared after Iran said that the Strait of Hormuz was fully open. Will bulls be able to sustain the upward momentum?
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Cardano (ADA) Crypto News
Cardano is a blockchain-based smart contract platform that aims to compete against similar platforms such as Ethereum, Tezos, and EOS, among others, through a more modular, layered protocol that runs on a proof-of-stake consensus algorithm called Ouroboros.
Identifying itself as a third-generation blockchain and cryptocurrency system following Bitcoin and Ethereum, Cardano’s development is quite different from its competitors in that it is heavily informed by theoretical, peer-reviewed research before implementation in software.
Its native cryptocurrency, ADA, is named after Ada Lovelace, a 19th-century writer and mathematician who has been referred to as the world’s first computer programmer.
Cardano’s development is backed by three companies: IOHK, a blockchain R&D company founded by Charles Hoskinson and Jeremy Wood; the Cardano Foundation, a nonprofit dedicated to Cardano adoption and development; and Emurgo, a venture capital firm based in Japan.
- Price Analysis
A Bitcoin daily candlestick close above $76,000 would complete a bullish trend reversal and shift the bulls’ short-term price target to $84,000. Will altcoins follow the rally?
1914 - Price Analysis
Bitcoin and altcoin charts highlight growing strength across the industry. Will geopolitics and US economic health concerns stand in the way of the rally?
1932 - Price Analysis
Bitcoin bulls spent the week stampeding toward a critical overhead resistance level, which, if breached, could restart the bull market in BTC and altcoins.
3091 - Price Analysis
Bitcoin’s relief rally is facing selling pressure near $72,000, but technical charts suggest a bullish bias. Will altcoins follow in BTC’s footsteps?
2614 - Price Analysis
Buyers are attempting to push Bitcoin above the $70,000 level, but some analysts believe the upside may be limited and a drop below the $60,000 support is likely.
3471 - Price Analysis
Bitcoin is attempting to form a bottom, but select analysts believe that the decline is not over yet and the $60,000 level may break down.
3919 - Price Analysis
Technical charts show Bitcoin and altcoins on the verge of a bullish trend reversal, but Bitcoin’s resistance at $69,000 could cap the current upward momentum.
2931 - Price Analysis
Bitcoin and altcoins sold off as the Monday US market open reflected traders’ fear over oil prices, US employment data and the future of the US and Israel-Iran war.
2569 - Price Analysis
Bitcoin and select major altcoins have turned down sharply, indicating that the bears are trying to take charge of the market.
3994 - Price Analysis
Bitcoin bulls are attempting to seize control of the market, but they are expected to face strong resistance in the $72,000 to $74,500 zone.
2724 - Price Analysis
Bitcoin opened the week by rallying straight into a key resistance level. If it holds, BTC and altcoins could embark on the next leg of the crypto bull market.
5779 - Price Analysis
Bitcoin faced strong resistance at the $74,500 level, but the shallow price pullback could set the stage for a stronger breakout in BTC and altcoins.
5313 - Price Analysis
Bitcoin is facing resistance just above $70,000, but the bulls have kept up the pressure, increasing the possibility of a rally to $74,508.
3292 - Price Analysis
Bitcoin sold off below $70,000 on Friday, leading analysts to conclude that this week’s breakout to $74,000 was a relief rally rather than a longer-lasting sign of a trend change.
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