Cryptocurrency Daily Thefoxposts.com

Crypto asset manager Grayscale has received the greenlight from the US Securities and Exchange Commission (SEC) to convert its Digital Large-Cap Fund into an ETF (exchange-traded fund). The fund comprises the 5 largest cryptos by market cap featured in the CoinDesk Five Index. This includes market leaders Bitcoin (BTC), Ethereum (ETH), as well as altcoins Solana (SOL), Ripple (XRP), Cardano (ADA). The SEC approved the conversion a day before the deadline for the decision. In the past, the regulator has rejected Grayscale’s applications at the last minute. Grayscale Fund Conversion Expected Given Heavy BTC And ETH Weighting Around 80.2% of the converted fund’s weighting is BTC, while ETH, the largest altcoin by market cap, has a weighting of approximately 11.3%.  XRP has the next biggest weighting of 4.8%, while SOL and ADA have weightings of 2.7% and 0.81%, respectively. The SEC approving the conversion of Grayscale’s Digital Large Cap Fund was expected, a...

The Nasdaq has updated its crypto index to include XRP, Stellar (XLM), Solana (SOL) and Cardano (ADA). The Nasdaq Crypto US Index (NCIUS) aims to measure the performance “of a material portion” of the overall digital asset market, per the Nasdaq Global Indexes website. The index originally tracked only Bitcoin (BTC) and Ethereum (ETH), but earlier this month it added the other four crypto assets. The financial firm Hashdex called attention to the change in a new filing with the Securities and Exchange Commission (SEC). The firm offers an exchange-traded fund (ETF) that tracks the NCIUS, but it can only hold BTC and ETH due to SEC restrictions on the product. Hashdex says that it has implemented a “sampling strategy” to balance the BTC and ETH holdings to provide investors with accurate exposure to the NCIUS, but because it cannot track the other assets in the index, the firm also notes there is additional risk of a potential tracking erro...

The Ripple and Cardano blockchain’s native cryptocurrencies XRP and ADA are among the most sought-after assets in the market. Both altcoins have a market cap worth billions and remain lucrative for investors to take an entry position. They also boast of several real-world use cases that solve problems plaguing the financial world. From creating smart contracts to ledgers and decentralized finance, they rule the roost of the advancing fintech ecosystem. Also Read: Not US, UK, or Europe: This Country Owns the Highest Bitcoin Per Population These two leading altcoins have given double-digit returns in a year and are among the top performers in the cryptocurrency segment. They also have a larger community base and the founders interact with the community often. All the latest developments and partnerships are transparent and there’s a new announcement of new deals almost every month. So which cryptocurrency could deliver better profits in 2025, can it be Ripple’s XRP or Ca...

As Cardano (ADA) attempts to maintain its price above the $1 support, OpenAI’s ChatGPT-4o has offered several scenarios for the decentralized finance (DeFi) asset on the last day of 2024. Notably, ADA is among the notable beneficiaries of the current cryptocurrency market rally, having broken out from a prolonged consolidation below $1.  This surge was partly inspired by the post-election optimism following Donald Trump’s re-election. Trump is anticipated to spearhead the rollout of crypto-friendly regulations. Picks for you 2 cryptocurrencies to reach a $50 billion market cap in 2025 16 hours ago Solana trader turns $112k into $38k in three minutes with common mistake 18 hours ago ...

Cardano (ADA) is gaining momentum as the cryptocurrency market transitions from a bearish phase to a greener outlook. Alongside other major players, ADA is benefiting from renewed investors’ confidence, bolstered by its innovative developments and growing market presence. ADA Key Statistics Current Price : $1.163 Market Cap : $40.9 billion Trading Volume (24h) : $2.43 billion Circulating Supply : 35 billion ADA Total Supply : 44 billion ADA CoinMarketCap Ranking : #9 Cardano (ADA) has showcased impressive resilience, surging by 83% over the past month, a testament to its growing market momentum. While experiencing a modest 5% dip in the past week, this can be seen as a healthy correction following its substantial rally. ADA/USD Market Key Levels Resistance: $1.276, $1.327, $1.400 Support: $1.100, $0.925,  $0.80 ADAUSD – Daily Chart Cardano’s (ADAUSD) recent bullish momentum appears to be stabilizing following a period of strong downward move...

The Cardano price has surged 17% in the last 24 hours to trade at $1.28 as of 7:05 a.m. EST on a 54% pump in trading volume to $6.2 billion. Cardano Price Rebounds Within The Bullish Channel The ADA/USD trading pair in the 4-hour timeframe shows a strong bullish trend, moving consistently within a well-defined ascending channel. The price initially consolidated below $0.80, signaling accumulation by market participants and setting the stage for a breakout fueled by growing buying pressure. A pivotal moving average crossover occurred as the 50-period SMA (blue) moved above the 200-period SMA (green), forming a golden cross and confirming the onset of a sustained uptrend. These moving averages now provide dynamic support, stabilizing the price action. ADAUSD Analysis Source: Dextools.io The price has continued rising within the ascending channel, making higher highs and lowers. Currently trading at $1.28 near the channel’s upper boundary, a breakout above this level could...

A prominent crypto analytics firm is warning that on-chain data is indicating that traders are taking profits on their Cardano positions (ADA). Santiment says on the social media platform X ADA is flashing two bearish signals after an over 220% rally this month. According to the analytics firm, the massive upward move has incentivized traders to unload $165 million worth of ADA profits on November 22nd. “[November 22nd] was the highest day of trader realized ADA profits in eight months, and social media discussions are currently at their highest level for the coin in 11 months.”  Source: Santiment/X Santiment previously said that soaring social media discussions suggest that an asset may be forming a local price top. At time of writing, ADA is trading for $1.08, down over 4% on the day. Looking at the broader altcoin market, Santiment says that altcoins will likely continue to witness rallies as long as Bitcoin (BTC) trades above an immediate suppo...

Cardano is once again grabbing central attention as the cryptocurrency seems to be moving toward claiming a new high. ADA is up 5% in the last 24 hours, trading at $0.78, a new price high as Bitcoin breached a new price spot of $94K. Will ADA continue to establish robust price levels along these lines? Let’s find out. Also Read: Cryptocurrency: 3 Donald Trump Owned Coins To Stock For Solid Gains Cardano Aims For $6: Can It Claim It? Source: Reddit Cardano is once again rising high on the radar. The token currently sits at $0.78, a few points away from claiming the ambitious $1. Investor sentiment towards the token has also accelerated, with investors building anticipation of whether the token can truly claim the coveted $1 price mark in the current bull season. JUST IN: ADA is on the move yet again. 77c and running pic.twitter.com/LpUbqw6q7k — Rami (@CardanoRami) November 20, 2024 Cardano’s current price high is the result of the market’s overall bullish momentum. Th...

A widely followed crypto analyst believes that Ethereum (ETH) rival Cardano (ADA) is unlikely to print new all-time highs this cycle. In a new video update, crypto strategist Jason Pizzino tells his 337,000 YouTube subscribers that ADA is not showing enough market strength so far this cycle, making an explosive breakout improbable at this point. “If Cardano is able to do $10 this cycle, then maybe come back at me. But apart from that, this thing could be just another waste of people’s time.” Source: Jason Pizzino/YouTube The analyst compares ADA’s price action on the weekly timeframe to Solana’s (SOL), another ETH rival. According to Pizzino, SOL’s all-time high is within reach after a series of rallies this cycle and there is the possibility of extended rallies beyond the all-time high. “What you do want to see in a chart… we’re looking at Solana, you got the breakthrough here at 50%, $211. Price is still u...

The Bitcoin market encountered resistance of around $64,000, but buyers succeeded in holding the price above the short-term holder’s realised price, which is approximately $62,000—a positive indicator. On September 20, Bitcoin touched $64,000, but the bulls could not sustain these levels, signalling that the bears are still actively selling during rallies near key resistance areas. CryptoQuant analyst Avocado_onchain noted that the short-term holder (STH) realised price, representing the average purchase price of investors who have held Bitcoin for less than 155 days, is close to $62,000. The STH serves as a crucial support level during upward trends, so if buyers can maintain this level during pullbacks, Bitcoin may have the potential for further gains. Crypto market data daily view. Source:  Coin360 Another positive for the buyers is that the institutional investors have reduced their Bitcoin shorting, according to CryptoQuant founder Ki Young Ju...

The Bitcoin market made a notable recovery from its intraday low, and the ability to sustain these gains will be crucial in determining if the bulls and dip buyers are prepared to push for a significant trend reversal. For August, the US consumer price index increased by 0.2%, matching forecasts, yet risky assets responded unfavourably. Initially, the S&P 500 Index (SPX) dropped over 1.5%, but it has since bounced back and is now showing positive movement. Similarly, Bitcoin, which had briefly fallen to around $55,500, has climbed back to exceed $57,500, indicating robust buying interest at lower levels. Looking ahead, the next significant catalyst for risky assets could be a potential interest rate cut by the US Federal Reserve during its meeting on September 18. The CME Group’s FedWatch Tool suggests an 85% chance of a 25-basis point reduction. Crypto market data daily view. Source:  Coin360 Bitcoin’s recovery above $58,000 on Sept. 9 seems to have imp...

The Cardano price surged 3% in the last 24 hours to trade at $0.3437 as of 04:05 a.m. EST on trading volume that jumped 35% to $252 million. This came as Tron (TRX) surpassed Cardano’s ADA to become the 10th biggest crypto by market capitalization, according to CoinMarketCap . TRX currently has a market cap of $12.04 billion, while Cardano’s market cap sits at $11.89 billion. Cardano Price To Continue Surging – Bulls Aim For A Breakout The Cardano price has been in a consolidation phase in the last two weeks, as the bulls continue to struggle to breach the $0.3460 resistance, according to data from GeckoTerminal . ADA has now surpassed the 50-day Simple Moving Average (SMA), which supports the current ADA uptrend in the short term. If the uptrend continues, the price of Cardano could surge over the sideways pattern, to the 200-day SMA at $0.372. Furthermore, the Relative Strength Index (RSI) is on a rebound from the 50-midline level, as it closes in on the 70-ov...