Market Update
Bitcoin and altcoins feel the pressure of the week's regulatory bombshells, with BTC price action steadying below the key 200-week moving average.
4018
Cardano 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
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 - Price Analysis
Bitcoin and most major altcoins are facing selling at higher levels, but there are no signs of panic selling at the moment.
6251 - Price Analysis
Bitcoin and several altcoins took a beating on reports that the SEC filed a suit against Binance in U.S. district court.
4209 - Price Analysis
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 - Price Analysis
Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players.
8106 - Price Analysis
Bitcoin and most major altcoins are struggling to hold on to their higher levels, indicating that the bears have not given up yet.
4566 - Price Analysis
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 - Price Analysis
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 - Price Analysis
Bitcoin and altcoin prices continue to slump, but potential progress on the debt ceiling discussion could possibly produce a price reversal.
3925 - Price Analysis
Bitcoin’s tight-range trading suggests that traders are content to wait for a catalyst to start the next trending move.
3782 - Price Analysis
The recovery in Bitcoin and most major altcoins halted near respective overhead resistance levels, indicating that the bears are active at higher levels.
5196 - Price Analysis
Bitcoin and most major altcoins are selling off on rallies, proof that investor sentiment remains negative in the short term.
4857 - Price Analysis
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 - Price Analysis
While most coins are reeling under pressure, Bitcoin and select altcoins such as ADA, ATOM, LDO, and ARB are showing promise.
11360