Author: dfmines

Cardano (ADA) is slowly but steadily catching the attention of market watchers as it begins to reclaim upward momentum. After a stretch of sideways movement and bearish pressure that left the altcoin range-bound, ADA is now displaying signs of revival.  The current price action might not be explosive, but it carries the hallmarks of a market quietly building strength one step at a time. This growing momentum suggests that bulls are gradually returning to the scene with renewed confidence.  While caution remains across the broader crypto landscape, ADA’s calculated pace might actually be a sign of strength rather than weakness. Instead of rushing into overbought conditions, the altcoin is laying a solid foundation that could support a more durable rally. The Calm Setup For A Calculated Climb In a recent post on X, crypto analyst Gemxbt pointed out that Cardano exhibited a bullish structure, as the price trends steadily above 5, 10, and 20-hour moving averages. This alignment of short-term moving averages typically signals sustained buying pressure and growing bullish momentum in the market. It also suggests that the bulls are maintaining control in the short term, keeping Cardano on a steady upward path. Related Reading: Cardano Price Prediction: ADA Set To Crash To $0.4 After Correction To Liquidity Zone Gemxbt’s observation reinforces that ADA’s recent price action isn’t just a temporary spike but rather a sign of strengthening technical foundations. When prices remain consistently above multiple key moving averages, it often reflects increased trader confidence and a favorable environment for further upward movement. He further noted that a key resistance level lies around the $0.62 mark, which could act as a near-term hurdle for ADA’s price advance. On the downside, solid support has formed near the $0.56 level, providing a cushion against potential pullbacks. These levels are crucial in determining the next directional move, as a break above resistance could trigger further gains, while a fall below support might signal short-term weakness. Gemxbt also highlighted that the Moving Average Convergence Divergence (MACD) indicator is currently crossing above the signal line, which suggests growing buying interest. This crossover typically marks the beginning of a momentum shift in favor of the bulls, increasing the likelihood of continued price appreciation. Potential Breakout Possibilities: What To Watch For If Cardano continues its upward trajectory and successfully breaks above the $0.68 resistance level, it could open the door to more gains. The next key levels to watch are at $0.81 and $0.90, where the price may encounter additional selling pressure. A break above these levels would push ADA toward even higher targets, such as $1.17 and $1.58. Related Reading: Cardano (ADA) Rockets Over 60%, Crushing Bears in a Stunning Rally! However, if ADA fails to break through the $0.68 level and retreats, the first support to monitor would be around $0.56 to $0.52, which has historically acted as a strong floor. A drop below these levels could signal a shift in market sentiment and lead to a deeper pullback.  Featured image from iStock, chart from Tradingview.com

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Blackrock posted strong Q1 2025 results, driven by record exchange-traded fund (ETF) inflows and expanding tech service revenues. The firm saw $84 billion in net inflows and a 12% revenue increase, highlighting growing investor demand across asset classes. Blackrock’s Q1 Earnings Soar with Record Ishares ETF Demand Blackrock kicked off 2025 with a robust first […]

Bitcoin’s price recovered above $82,000 Friday following a decline below $75,000 in the past few days, as investors with large wallets purchased more of the digital asset. Market trends indicate wallets between 1,000 and 10,000 Bitcoin are expanding at a rate higher than the 30-day average, reports CryptoQuant. Related Reading: From Joke To Juggernaut: Dogecoin Value Revolution Gets Nod From Global Asset Giant Large Investors Display High Confidence In Bitcoin The rise in the number of large crypto holders indicates rising confidence in the future of the cryptocurrency. These investors, usually not exchanges or mining pools, are important in maintaining the value of Bitcoin. Their increasing interest comes as Bitcoin’s market capitalization hits $1.58 trillion, with dominance over other cryptocurrencies at more than 60%. Bitcoin recently hit $83,400 before correcting slightly to settle above $80,000. The increase in these high wallet balances is consistent with Bitcoin’s recent price gains, indicating market strength despite external pressures. Large investor demand for Bitcoin is accelerating. Balances of wallets holding 1K–10K BTC rising faster than their 30-day average. Typically bullish, signals strong investor confidence. pic.twitter.com/hR5Rumj6A6 — CryptoQuant.com (@cryptoquant_com) April 10, 2025 Analysts Look To Price Gap Patterns For Future Projections Some market observers have offered their predictions on what direction the top digital asset may take next. An X (formerly Twitter) analyst by the name of Enzy Bitcoin says that Bitcoin usually goes up after the filling up of price gaps. The analyst mentioned the latest gap between $70,000 and $75,000, that Bitcoin may reach $130,000 in the near future based on historical trends. Source: CryptoQuant Another analyst, BitBull, equated Bitcoin’s stability to recent volatility in US stock markets. As the traditional markets have grappled with volatility, Bitcoin has remained firm above $80,000. Prices below $100,000 may still be acceptable entry points for investors, some experts say. BTC Long-Term Target Extremely Positive Looking further down the road, other market observers posted a very favorable prognosis for Bitcoin’s future only recently, emphasizing the significance of being cognizant of market cycles, particularly during pricing fluctuations like when in a bear trap. The analysts’ projection reads as unusually bullish, that perhaps Bitcoin may get to a whopping $250,000 price tag. This vision also predicts meaningful growth for major alternative cryptocurrencies. Market Cap Hits $1.58 Trillion While Recovery Keeps Momentum The latest price bounceback of the flagship crypto has taken its aggregate market value to $1.58 trillion when this report was made. This follows its appreciation by over $8,000 from recent lows, demonstrating the capability of the cryptocurrency to bounce back quickly from temporary declines. Related Reading: XRP ETF Launch Impresses Even In Bear Market, Says Analyst The market dominance of the cryptocurrency has also grown, currently standing at over 60% of the total crypto market capitalization. The dominance indicates that Bitcoin is the most popular cryptocurrency and continues to attract investors who desire growth as well as a store of value. Although Bitcoin failed to sustain its short surge to $83,500, sustaining above $81,000 demonstrates resilience in the prevailing market environment. The fact that the buying continues from whales indicates that such investors believe prices will continue rising in the months ahead. Featured image from BetaNews, chart from TradingView

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Draft legislation in the US Senate threatens to hit data centers serving blockchain networks and artificial intelligence models with fees if they exceed federal emissions targets, according to an April 11 Bloomberg report. Led by Senate Democrats Sheldon Whitehouse and John Fetterman, the draft bill purportedly aims to address environmental impacts from rising energy demand and protect households from higher energy bills, Bloomberg said.Dubbed the Clean Cloud Act, the legislation mandates that the Environmental Protection Agency (EPA) set an emissions performance standard for data centers and crypto mining facilities with over 100 KW of installed IT nameplate power. The standard would be based on regional grid emissions intensities, with an 11% annual reduction target. The legislation also includes penalties for emissions exceeding the set standard, starting at $20 per ton of CO2e, with the penalty increasing annually by inflation plus an additional $10.“Surging power demand from cryptominers and data centers is outpacing the growth of carbon-free electricity,” notes a minority blog post on the US Senate Committee on Environment and Public Works website, adding that data centers’ electricity usage is projected to account for up to 12% of the US total power demand by 2028. According to research from Morgan Stanley, the rapid growth of data centers is projected to generate approximately 2.5 billion metric tons of CO2 emissions globally by the end of the decade. For Matthew Sigel, VanEck’s head of research, the proposed legislation effectively seeks to single out Bitcoin (BTC) miners and similar operations for energy consumption in a “Losing ‘Blame the Server Racks’ Strategy,” he said in an April 11 X post. In addition, the law could clash with the US’s policy under President Donald Trump, who repealed a 2023 executive order by former President Joe Biden setting AI safety standards. Trump has previously declared his intention to make the US the “world capital” of AI and cryptocurrency.New US draft bill would penalize AI, crypto data centers for power consumption. Source: Matthew SigelRelated: Trade tensions to speed institutional crypto adoption — ExecsBitcoin and AI convergeThe draft law, which has yet to pass in the Senate, comes as Bitcoin miners — including Galaxy, CoreScientific, and Terawulf — increasingly pivot toward supplying high-performance computing (HPC) power for AI models, VanEck said.Bitcoin miners have struggled in 2025 as declining cryptocurrency prices weigh on business models already impacted by the Bitcoin network’s most recent halving.Miners are “diversifying into AI data-center hosting as a way to expand revenue and repurpose existing infrastructure for high-performance computing,” Coin Metrics said.Comparison of miners’ AI-related contracts. Source: VanEckAccording to Coin Metrics, miners’ incomes began to stabilize in the first quarter of 2025. However, the recovery could be cut short if ongoing trade wars disrupt miners’ business models, several cryptocurrency executives told Cointelegraph. “Aggressive tariffs and retaliatory trade policies could create obstacles for node operators, validators, and other core participants in blockchain networks,” Nicholas Roberts-Huntley, CEO of Concrete & Glow Finance, said. “In moments of global uncertainty, the infrastructure supporting crypto, not just the assets themselves, can become collateral damage.”Magazine: Financial nihilism in crypto is over — It’s time to dream big again

The tokenization of real-world assets (RWAs) is accelerating a fundamental shift in global finance, with blockchain-based U.S. Treasuries, equities, commodities, and private credit poised for exponential growth this year, according to a report by market maker Keyrock and tokenization platform Centrifuge. Keyrock and Centrifuge Analysis: Tokenized RWAs Could Capture 10% of Stablecoin Market by Year’s […]