Can Cardano whales stop ADA price from falling 20%?
The number of Cardano's richest investors holding ADA has surged to its highest level in almost a year.
The number of Cardano's richest investors holding ADA has surged to its highest level in almost a year.
Cardano’s price is down today, continuing its decline for a fourth week in a row amid rate hike fears, an SEC crackdown and a recovering U.S. dollar.
Bitcoin and altcoins feel the pressure of the week's regulatory bombshells, with BTC price action steadying below the key 200-week moving average.
Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release, but bulls may find it difficult to continue the recovery at higher levels.
Bitcoin and most major altcoins are witnessing aggressive selling at higher levels, indicating that the bears are trying to make a comeback.
Cardano whales are largely behind ADA's price rally in the last week, helped by Bitcoin's multi-month highs amid the banking crisis and Fed pivot hopes.
Credit Suisse has pulled the U.S. equities markets lower, but a positive sign is that Bitcoin and select altcoins are holding near their local highs.
On-chain Cardano metrics show a decline in transactional activities on the network.
Most Cardano hard forks have preceded ADA price crashes, and Vasil looks no different.
Cardano's Vasil update is expected to be a bullish event, but macro fears are strongly countering the upside bias.