The cryptocurrency market has been in turmoil, with a staggering $1 billion in liquidations occurring in the past 24 hours. Even more alarming is the fact that 90% of these liquidations took place within the last 12 hours, indicating a rapid and severe market downturn. This event marks the most significant two-sided liquidation in at least the past four months, and possibly even longer.
Bitcoin (BTC), the flagship cryptocurrency, has not been ...
The US Securities and Exchange Commission (SEC) is on course to greenlight the first-ever exchange-traded funds (ETFs) based on Ether (ETH) futures.
This decision marks a substantial victory for several financial firms that have been advocating for the introduction of these products for some time.
The regulator is unlikely to obstruct the launch of these ETFs, which will be grounded in futures contracts of Ether, the world's second-largest c...
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Cardano price is trading at $0.27 after declining over the past week to hit $0.26.
The daily average number of investors that conduct a transaction online is consistently falling, hitting a 13-month high this week.
Over 86% of all ADA holders are facing losses; this could extend further and touch more than 3.8 million in...
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Ethereum, XRP, Bitcoin, Litecoin and Cardano have each recorded a high ratio of loss transactions compared to profit taking.
The level of loss transactions in BTC, ETH, XRP, LTC and ADA climbed to a five-month peak.
The probability of a bounce in prices is higher as large volumes of loss transactions are considered a si...
Data recently unveiled by IntoTheBlock has illuminated a startling trend within the Cardano (ADA) community, revealing that a substantial 89% majority of ADA holders are grappling with losses. The data analytics firm's insights indicate that this sizable percentage of ADA holders find themselves "out of the money," signifying that their holdings are currently situated at a loss.
The disheartening figures paint a stark picture, with a stagge...
Michael Burry, the famed hedge fund manager and "Big Short" legend, has made yet another audacious move. This time, he has taken a substantial short position worth $1.5 billion against the market. The investing world is abuzz with discussion, debate and speculation as to whether this is another one of Burry's genius insights or a premature decision.
Delving into the specifics, Burry has bought SPY Puts worth $890 million and QQQ Puts totalin...
U.Today provides you with an overview of the past weekend's crypto events with the top four news stories.
Shiba Inu (SHIB) is on verge of golden cross
After adding 28% to its price over the last eight days, Shiba Inu found itself on the verge of a "golden cross" pattern. This has historically been a positive sign, pointing to the possible beginning of a strong upward trend. The rise of Shiba Inu was backed by a substantial increase in tradin...
Crypto analyst Ali believes Cardano has the potential to pull off a 2,900% bull run, as it did after consolidating between 2018 and 2020.
Ali remarked that the price of Cardano saw a period of stagnation between 2018 and 2020. This period saw ADA prices oscillate between $0.10 and $0.028, a trend that lasted for 665 days. Following this long accumulation phase, a 2,985% bull run took off.
#Cardano | Between 2018 and 2020, $ADA oscillated be...
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Cardano market capitalization has declined 35% since ADA price hit a local peak at $0.4610, nearly four months ago.
There are now 25,294 wallets with over 100,000 in ADA token holdings.
Bearish sentiment among ADA holders failed to deter large wallet investors from accumulating the altcoin.
Trader sentiment toward Card...
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Binance Exchange is set to delist all Cardano and Polygon perpetual contracts on August 17.
The move follows recent labeling by the US SEC, branding ADA and MATIC as securities in its clampdown on the industry.
The change could have ramifications for traders and investors, forcing them to reevaluate their tactics and ris...
