1. Home
  2. Cardano

Cardano

Price analysis 5/24: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

The spot Ether ETFs approval by the SEC has failed to start a rally in Ether and Bitcoin, but this could change after a few weeks.

The United States Securities and Exchange Commission (SEC) greenlighted  several spot Ether exchange-traded funds on May 23, but the decision failed to ignite Ether (ETH) or the crypto markets. Does this mean that the ETF decision was already priced in? It is difficult to judge by the initial reaction because Bitcoin’s (BTC) price had also dipped just after the approval of the spot Bitcoin ETFs. However, the price turned around after a few days and skyrocketed to a new all-time high.

The approved spot Ether ETFs are expected to launch by mid-June, according to Bloomberg ETF analyst Eric Balchunas. He projects the Ether ETFs to garner roughly 10-15% of the inflows seen by the Bitcoin ETFs. Once money starts flowing into Ether ETFs, the spot market is likely to respond favorably.

Although Bitcoin remains stuck in a sideways price action, Fundstrat Global Advisors managing partner and head of research Tom Lee remains uber bullish. In an interview with CNBC, Lee said their base case for Bitcoin by the end of the year is $150,000.

Read more

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko

Price analysis 5/15: BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA, AVAX, SHIB

Risky assets, including Bitcoin and altcoins, received a boost following today's CPI report.

The S&P 500 Index (SPX) and the Nasdaq Composite soared to a new lifetime high after the United States Consumer inflation report came in less than expected. That ignited a rally in Bitcoin (BTC), pushing the price above $66,000. The farther Bitcoin moves from $60,000, the less likely a breakdown is. However, that does not guarantee the start of a new uptrend. 

Galaxy Digital founder and CEO Mike Novogratz said during the firm’s first quarter earnings call that Bitcoin was likely to consolidate between $55,000 and $75,000 before moving higher at the end of the current quarter.

The failure of the bears to sink Bitcoin below $60,000 seems to have attracted buyers. CoinShares’ “Digital Asset Fund Flows Weekly” report showed inflows of $130 million into digital asset investment products this past week, the first such occurrence in five weeks.

Read more

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko

Price analysis 5/13: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

Bitcoin's strong rebound of the $60,000 level is encouraging but it still could be a hint that BTC's range-bound action could continue for some time.

Traders prefer a trending market rather than a range-bound one. Sometimes, when there is uncertainty about the next directional move, traders step to the sidelines, and that seems to be the case with Bitcoin (BTC). 

According to research firm Santiment, “fear and indecision” could be the factors that have led to a drop in Bitcoin’s on-chain activity toward historic lows. The firm clarified that it does not necessarily mean that Bitcoin will fall more.

Bitcoin’s consolidation is giving opportunities to investors to load up on Bitcoin. Japanese investment firm Metaplanet said it had made a “strategic shift” in its treasury management strategy to follow a Bitcoin-only approach in response to a sustained decline in the Japanese yen. Metaplanet announced a purchase of 117.7 Bitcoin at an average price of $65,000.

Read more

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko

President Joe Biden is trying hard to ‘kill crypto,’ says Cardano founder

“A vote for Biden is a vote against the American cryptocurrency industry,” said Charles Hoskinson in a video that lashed the White House for its ongoing treatment of crypto in the United States.

Cardano founder Charles Hoskinson has lashed out at United States President Joe Biden, claiming that he’s making a concerted effort to kill the crypto industry in the United States.

In a May 9 video posted to X, Hoskinson said it was “unambiguously clear” the Biden administration is trying its best to “destroy the American cryptocurrency industry.”

He said that over the past few years, the U.S. government had “hurt [the crypto] industry in every way possible,” citing the restricted access to bank accounts, the Securities and Exchange Commission’s (SEC) policy of regulation by enforcement — and most recently — the White House “obstructing” the legislative process.

Read more

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko

‘Just a Bunch of Noise and Garbage’: Cardano Creator Blasts Biden’s Stance on Planned Repeal of SEC Custody Law

‘Just a Bunch of Noise and Garbage’: Cardano Creator Blasts Biden’s Stance on Planned Repeal of SEC Custody Law

The creator of smart contract platform Cardano (ADA) is calling out President Joe Biden’s stance on a planned resolution that would enfeeble the U.S. Securities and Exchange Commission (SEC). In a new video update, Charles Hoskinson tells his 315,000 YouTube subscribers that Biden saying he would veto H.J. Resolution 109 if passed is “just a […]

The post ‘Just a Bunch of Noise and Garbage’: Cardano Creator Blasts Biden’s Stance on Planned Repeal of SEC Custody Law appeared first on The Daily Hodl.

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko

Cardano founder proposes Bitcoin Cash integration in X poll

The ayes are winning with 8,301 votes for to 4,212 against, as of the time of this article’s publication.

Cardano founder Charles Hoskinson recently posted a “hypothetical poll” on the X social media platform asking the crypto community if they’d be interested in seeing a Cardano and Bitcoin Cash integration. 

The poll received more than 12,000 votes in its first 24 hours with a 66.3% early majority voting “yes” to the proposal.

As mentioned above, Hoskinson labelled his poll as being hypothetical. However, as Elon Musk has shown since his purchase of the X platform, formerly Twitter, it’s possible to use the platform as a steering point for decision making.

Read more

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko

Crypto Trader Says Top Ethereum Rival Primed for Massive Bull Run Ahead, Updates Outlook on Bitcoin

Crypto Trader Says Top Ethereum Rival Primed for Massive Bull Run Ahead, Updates Outlook on Bitcoin

A closely followed crypto strategist believes that one Ethereum (ETH) competitor is ripe to witness steep bursts to the upside. Trader Ali Martinez tells his 61,400 followers on the social media platform X that he is bullish on Cardano (ADA). According to the analyst, ADA “seems ready for a parabolic bull run” after seeing its value […]

The post Crypto Trader Says Top Ethereum Rival Primed for Massive Bull Run Ahead, Updates Outlook on Bitcoin appeared first on The Daily Hodl.

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko

Price analysis 5/3: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Altcoins showed impressive double-digit gains after Bitcoin bulls successfully pulled BTC price back above the $61,000 level.

Bitcoin (BTC) bulls are trying to stage a comeback by pushing the price above the psychologically crucial level of $60,000. Veteran trader Peter Brandt said in a X post that if Bitcoin holds the most recent lows and moves higher, it will be considered a “very common bull market continuation chart construction.”

Analysts are bullish on the long-term prospects of Bitcoin but do not expect the uptrend to start in a hurry. Bitfinex Alpha market report said that Bitcoin could stay range-bound for one to two months “with swings of $10,000 on either side.”

Traders are likely to keep a close watch on the spot Bitcoin exchange-traded funds. According to Farside Investors data, the Bitcoin ETFs witnessed outflows of $563 million on May 1. The sentiment is likely to pick up after the Bitcoin ETFs witness net inflows for a few successive days. Former BitMEX CEO Arthur Hayes believes the sell-off has ended, and the crypto markets may head higher.

Read more

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko

Price analysis 5/1: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Bitcoin’s drop to $56,500 crushed bullish traders’ sentiment and took a heavy toll on altcoin prices but are generational buying opportunities emerging?

Bitcoin (BTC) sliced through the $60,000 support on May 1, signaling that the uptrend has weakened. While the fall has muddied the short-term picture for Bitcoin, the analysts remain bullish for the long term

Traders latch on to every bit of negative news when the price action turns bearish. Investor sentiment received a beating on the muted response to the Hong Kong spot Bitcoin and Ether (ETH) exchange-traded funds (ETFs) that debuted on April 30. Continued outflows from the United States-based spot Bitcoin ETFs for the fifth consecutive day also did little to soothe nerves.

Every bull phase witnesses sharp corrections, which shake out the weak hands. The lower levels give an opportunity to the long-term investors to add to their portfolios. However, it is better to wait for the price to confirm a bottom before initiating large bets.

Read more

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko

Cardano Whale Signal Historically Correlated With Price Reversals Flashes Green: Santiment

Cardano Whale Signal Historically Correlated With Price Reversals Flashes Green: Santiment

A Cardano (ADA) whale metric recently indicated the Ethereum (ETH) competitor could be primed for a price reversal, according to the crypto analytics firm Santiment. On Monday, Cardano whale transactions exceeding $100,000 in value surged to their highest number since November 8th. Explains Santiment, “These spikes in whale activity historically correlate with potential price reversals. […]

The post Cardano Whale Signal Historically Correlated With Price Reversals Flashes Green: Santiment appeared first on The Daily Hodl.

Grayscale’s Ethereum ETF could bleed $110M daily in first month: Kaiko