Bitcoin’s sell-off is accelerating, and most altcoins are following BTC’s path. Will traders buy the dips?
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Cardano (ADA) Crypto News
Cardano is a blockchain-based smart contract platform that aims to compete against similar platforms such as Ethereum, Tezos, and EOS, among others, through a more modular, layered protocol that runs on a proof-of-stake consensus algorithm called Ouroboros.
Identifying itself as a third-generation blockchain and cryptocurrency system following Bitcoin and Ethereum, Cardano’s development is quite different from its competitors in that it is heavily informed by theoretical, peer-reviewed research before implementation in software.
Its native cryptocurrency, ADA, is named after Ada Lovelace, a 19th-century writer and mathematician who has been referred to as the world’s first computer programmer.
Cardano’s development is backed by three companies: IOHK, a blockchain R&D company founded by Charles Hoskinson and Jeremy Wood; the Cardano Foundation, a nonprofit dedicated to Cardano adoption and development; and Emurgo, a venture capital firm based in Japan.
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- Price Analysis
Bitcoin sell pressure ramps up as traders anticipate today’s FOMC results. Could BTC price fall to $100,000?
8237 - Price Analysis
Altcoins remain in a consolidation phase even as Bitcoin price looks ready to take a stab at new all-time highs.
8476 - Price Analysis
Dip buyers stepped in to absorb this week’s downside in Bitcoin and select altcoins.
9579 - Price Analysis
Bitcoin price trades near its all-time high as ETH and several altcoins start fresh rallies.
8335 - Price Analysis
Bitcoin price pushed through a critical overhead resistance level, possibly opening the door to new all-time highs.
9446 - Price Analysis
Bitcoin’s sharp rebound off the $100,000 level shows a positive sentiment, but higher levels may attract sellers.
11859 - Price Analysis
Bitcoin is witnessing a tough battle between the bulls and the bears at $105,000, but several altcoins are showing strength with potential breakout setups.
12622 - Price Analysis
Bitcoin is witnessing a tough battle near the $105,000 level, but the downside looks limited.
9008 - Price Analysis
Bitcoin’s drop below $104,000 puts the asset into a consolidation phase where even lower lows could be tested.
16202 - Price Analysis
Investor profit-taking eroded Bitcoin’s bullish momentum and opened the doors to a price consolidation phase. Will traders buy altcoins at a discount?
8815 - Price Analysis
Bitcoin continues to be bought at each dip, but overcoming a critical overhead resistance could determine the next steps for many altcoins.
8639 - Price Analysis
Bitcoin price may have reached a short-term top, but this could open the door to a long-awaited altcoin season.
9151 - Price Analysis
Bitcoin price rallied to a new all-time high and if it holds, select altcoins look ready to follow.
10532 - Price Analysis
Bitcoin’s quick recovery from its Asia-trading session trade-off shows bulls are viewing every dip as a buying opportunity as BTC approaches new all-time highs.
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