Bitcoin and altcoins feel the pressure of the week's regulatory bombshells, with BTC price action steadying below the key 200-week moving average.
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.
Stock markets are showing strength, and selling by crypto traders has taken a pause. Is this a sign that Bitcoin and altcoins are about to reverse course?5641
Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at the moment.6251
Bitcoin and several altcoins took a beating on reports that the SEC filed a suit against Binance in U.S. district court.4209
BTC’s chart is beginning to look bullish, and ADA, QNT, RNDR and RPL could rally if Bitcoin price breaks out to the upside.9251
Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players.8106
Bitcoin and most major altcoins are struggling to hold on to their higher levels, indicating that the bears have not given up yet.4566
The news of a tentative debt ceiling deal bolstered Bitcoin’s price above $28,000, but higher levels continue to attract selling from the bears.7696
The recovery in the U.S. stock market seems to have acted as a catalyst for the relief rally in Bitcoin and select altcoins.4575
Bitcoin and altcoin prices continue to slump, but potential progress on the debt ceiling discussion could possibly produce a price reversal.3925
Bitcoin’s tight-range trading suggests that traders are content to wait for a catalyst to start the next trending move.3782
The recovery in Bitcoin and most major altcoins halted near respective overhead resistance levels, indicating that the bears are active at higher levels.5196
Bitcoin and most major altcoins are selling off on rallies, proof that investor sentiment remains negative in the short term.4857
The debt ceiling talks remain in focus and are likely to dictate the price action in the S&P 500, DXY and cryptocurrency markets in the near term.3905
While most coins are reeling under pressure, Bitcoin and select altcoins such as ADA, ATOM, LDO, and ARB are showing promise.11360