Category: Cryptocurrency News

Cardano price started a fresh decline from the $0.820 zone. ADA is now consolidating losses and at risk of more losses below the $0.7350 level. ADA price started a fresh decline below the $0.80 and $0.7650 levels. The price is trading below $0.7750 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $0.7620 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.7750 resistance zone. Cardano Price Climbs Above $0.750 After a decent increase, Cardano faced resistance near the $0.820 zone. ADA formed a short-term top and recently started a fresh decline, underperforming Bitcoin and Ethereum. There was a move below the $0.80 and $0.7650 levels. The bears were able to push the price below $0.750. A low was formed at $0.7362 and the price is now consolidating losses. It is well below the 23.6% Fib retracement level of the downward move from the $0.8191 swing high to the $0.7362 low. Cardano price is now trading below $0.7650 and the 100-hourly simple moving average. On the upside, the price might face resistance near the $0.750 zone. The first resistance is near $0.7620. There is also a connecting bearish trend line forming with resistance at $0.7620 on the hourly chart of the ADA/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.8191 swing high to the $0.7362 low. The next key resistance might be $0.7680. If there is a close above the $0.7680 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.80 region. Any more gains might call for a move toward $0.850 in the near term. More Losses in ADA? If Cardano’s price fails to climb above the $0.7620 resistance level, it could start another decline. Immediate support on the downside is near the $0.7350 level. The next major support is near the $0.7320 level. A downside break below the $0.7320 level could open the doors for a test of $0.7150. The next major support is near the $0.70 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.7350 and $0.7150. Major Resistance Levels – $0.7620 and $0.7680.

Shares in HK Asia Holdings Limited nearly doubled after it bought its first Bitcoin a week ago, and now the investment firm just bought another 7 BTC.

submitted by /u/IcyElk42 [link] [comments]

As Russia anticipates a possible return of Western corporations, President Vladimir Putin has instructed his cabinet to prioritize domestic firms over foreign businesses seeking to re-enter the market. This move follows economic sanctions imposed after Russia’s 2022 invasion of Ukraine, which led to the departure or downsizing of over 1,800 foreign companies. Recent talks between […]

submitted by /u/Odd-Radio-8500 [link] [comments]

10x Research’s Markus Thielen says the demand for Bitcoin as a long-term asset could be “significantly smaller than the media portrays.”

XRP price is struggling to clear the $2.60 and $2.70 levels. The price is now at a risk of more downsides below the $2.50 support zone. XRP price started a fresh decline below the $2.620 level. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2.5650 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it clears the $2.60 resistance zone. XRP Price Dips To Support XRP price attempted to gain pace for a move above the $2.750 level. However, the bears remained active and the price started a fresh decline below the $2.650 support, like Bitcoin. The price even dipped  below $2.60 and tested the $2.50 support. A low was formed at $2.508 and the price is now attempting to recover. There was a move above the 23.6% Fib retracement level of the downward wave from the $2.7450 swing high to the $2.508 low. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.5650 level. There is also a connecting bearish trend line forming with resistance at $2.5650 on the hourly chart of the XRP/USD pair. The first major resistance is near the $2.60 level. The next resistance is $2.620 or the 50% Fib retracement level of the downward wave from the $2.7450 swing high to the $2.508 low. A clear move above the $2.620 resistance might send the price toward the $2.650 resistance. Any more gains might send the price toward the $2.720 resistance or even $2.750 in the near term. The next major hurdle for the bulls might be $2.850. More Losses? If XRP fails to clear the $2.60 resistance zone, it could start another decline. Initial support on the downside is near the $2.520 level. The next major support is near the $2.50 level. If there is a downside break and a close below the $2.50 level, the price might continue to decline toward the $2.40 support. The next major support sits near the $2.320 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.520 and $2.50. Major Resistance Levels – $2.60 and $2.620.

Key Takeaways: In Montana, House lawmakers shot down a proposal to create a state Bitcoin reserve. Opposition was dominated by fears about the risk to taxpayer money or speculation. The bill’s defeat also underscores challenges to securing widespread legislative support for crypto adoption. The rejection of House Bill No. 429 in Montana, which would have established an official…
Read more

Donald Trump claimed his 150% tariff threat made BRICS nations break up over their plan to ditch the U.S. dollar, saying: “We haven’t heard from the BRICS states lately.” Trump’s 150% Tariff Threat Made BRICS Break Up? Here’s What He Claims U.S. President Donald Trump discussed his administration’s efforts to counter BRICS nations’ impact on […]

submitted by /u/Funnyurolith61 [link] [comments]