Price Analysis
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Cryptocurrency
$164 Million in Cardano (ADA) Withdrawn: A Buying Opportunity?
Cardano’s native token, ADA, has captured the interest of the cryptocurrency community, despite experiencing a notable decline in its value. Over the past 48 hours, ADA’s price has plummeted by over 30%. Nevertheless, the increasing engagement from long-term holders and traders on platforms like Binance suggests a potential recovery in the token’s market performance. $164 Million ADA Outflow: A Significant Market Movement As of December 20, 2024, Coinglass’s on-chain metrics…
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Cryptocurrency
$164 Million ADA Outflow: A Potential Buying Opportunity?
The Rise and Resilience of Cardano’s ADA: An In-Depth Analysis In the dynamic world of cryptocurrencies, ADA, the native token of the Cardano blockchain, has captured the attention of many crypto enthusiasts. Despite experiencing a sharp price decline of over 30% in just 48 hours, ADA’s potential for recovery remains a topic of interest. This interest is particularly fueled by long-term holders and active traders on platforms like Binance, suggesting…
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Cryptocurrency
Bears Eye $82,500 Following Market Turmoil
As of the latest reports, Bitcoin has experienced a notable decline, dropping over six percent and currently trading just above the $95,000 threshold. Market analysts are observing the next significant support level, anticipated to be in the range of $91,000 to $92,000. The Impact of Federal Reserve Actions Recently, the Federal Reserve announced a reduction in interest rates by 0.25%, a move that was widely anticipated and factored into market…
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Cryptocurrency
Bears Eye $82,500 Following Market Turmoil
Current Bitcoin Market Status As of now, Bitcoin is experiencing a significant downturn, having dropped over six percent. It is currently trading just above the $95,000 mark. The cryptocurrency market is closely monitoring the next significant support level, anticipated to be between $91,000 and $92,000. Impact of Federal Reserve’s Recent Decisions The Federal Reserve’s decision to cut interest rates by 0.25% (25 basis points) was anticipated and largely absorbed by…
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Cryptocurrency
Bitcoin ETF Sees Record $672M Outflow as Price Falls Below $97K
In the ever-volatile landscape of cryptocurrency, the past 24 hours have been particularly tumultuous. A staggering 361,972 traders faced liquidation, collectively losing over $1.17 billion. This financial upheaval followed a 7% drop in Bitcoin’s value, plummeting to a low of $95,500. This decline came hot on the heels of Bitcoin’s historic high of $108,268, marking a sharp 12% loss in a mere three days. The crypto market’s turmoil has not…
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Cryptocurrency
Bitcoin ETF Sees Record $672M Outflow Amid Price Dip Below $97K
The cryptocurrency market has experienced significant turbulence in the past 24 hours, with 361,972 traders facing liquidations amounting to losses exceeding $1.17 billion. This dramatic turn of events was triggered by a substantial decline in Bitcoin’s price, which plummeted by 7%, reaching a low of $95,500. This decline followed a recent peak of $108,268, resulting in a loss of approximately 12% of its value within just three days. Investors hastily…
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Cryptocurrency
Mark Yusko Suggests Trump Acquiring XRP, BTC, and HBAR: Are New ETF Approvals on the Horizon?
Trump’s Bold Investments in Cryptocurrency Mark Yusko, the esteemed founder of Morgan Creek Capital Management, recently shared intriguing insights into former President Donald Trump’s approach to cryptocurrency investments. In a candid discussion, Yusko revealed that Trump and his son are making significant investments in digital assets such as HBAR and XRP. These cryptocurrencies are under speculation for potential approval as exchange-traded funds (ETFs) in the coming year. Additionally, Trump is…
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Cryptocurrency
Mark Yusko Suggests Trump is Investing in XRP, BTC, and HBAR: Are New ETF Approvals on the Horizon?
Mark Yusko, founder of Morgan Creek Capital Management, has shed light on former President Donald Trump’s evolving approach to the world of cryptocurrencies. According to Yusko, both Trump and his son are significantly investing in digital assets such as HBAR and XRP. These cryptocurrencies are anticipated to potentially gain approval for exchange-traded funds (ETFs) as early as next year. Additionally, Yusko mentioned that Trump is also heavily investing in Bitcoin,…
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Cryptocurrency
USUAL Token Climbs 33% Despite Crypto Market Correction: What’s Driving the Surge?
The cryptocurrency market has been experiencing a significant correction due to substantial selloffs by large holders, commonly known as whales. This has resulted in approximately $1 billion in total leveraged liquidations. However, amidst this downturn, the Usual (USUAL) token has emerged as a remarkable exception, achieving a 33 percent increase in value over the last 24 hours. Trading at approximately $1.46 during the early European session on Friday, this newly…
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Cryptocurrency
USUAL Token Climbs 33% Despite Crypto Market Correction: What’s Driving the Surge?
In the midst of the ongoing crypto market correction, driven significantly by the heavy selloff by crypto whales, the Usual (USUAL) token has emerged as a remarkable outlier. Despite the market turbulence that resulted in approximately $1 billion in total leveraged liquidations, the Usual token demonstrated an impressive 33 percent growth in the last 24 hours. By Friday, during the early European session, USUAL was trading at approximately $1.46, capturing…
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