Tag: Price

Cardano (ADA) Price Drops 5% Amid Trader Shorts, Hoskinson Blames Community for DeFi Struggles

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Cardano (ADA) continued its downward slide on Monday, falling over 5% to trade around $0.57, extending last week’s 10% decline. Related Reading: XRP’s Next Earthquake: Billions Set To Flow In, ‘Supply Shock’ Coming—Analyst Market data from CoinGlass shows trader sentiment turning increasingly bearish, with ADA’s long-to-short ratio at 0.75, the lowest this month. The metric indicates that more traders are betting on further declines. On-chain data mirrors this negative outlook. According to Santiment, daily active addresses on the Cardano network dropped from 32,115 in mid-October to 24,280 on November 3,…

Zcash Price Prediction: Network Activity Hits Record High – Are Privacy Coins the New Trend?

The rally did not just capture traders’ attention but sent the network’s hashrate to an all-time high, making ZEC mining one of the most profitable coins as Bitcoin remains range-bound. ZEC Mining Booms as Hashrate Hits Record Levels Zcash’s PoW system, powered by the Equihash algorithm, is seeing unprecedented activity. The network’s hashrate has surged to an all-time high of 12.53 GS/s. Unlike Bitcoin’s SHA256, Equihash makes Zcash mining more resource-intensive but now, significantly more rewarding. Currently, Bitmain’s Antminer Z15 Pro ASIC generates roughly $39.56 in daily profits after electricity…

Can Bitmine’s Latest Purchase Keep Ethereum Price Above $3,500 Amid $120M Balancer Exploit?

Key Notes Bitmine purchased 82,353 ETH on Nov. 3, raising total holdings to 3.4 million ETH valued at $14.2 billion. Ethereum dropped to $3,566 following a $120 million Balancer exploit before rebounding to $3,620 amid oversold conditions. Death cross formed as 50-day MA crossed below 200-day MA, signaling potential downtrend unless bulls reclaim $3,750. On Nov. 3, Tom Lee-led Ethereum treasury firm Bitmine announced a new purchase of 82,353 ETH, expanding its total Ethereum holdings to 3.4 million ETH, valued at $14.2 billion. According to the company’s press release, the firm…

Solana Price Drops Below $180 Despite $199M ETF Inflows, What’s Behind the Decline?

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Solana (SOL) has slipped below the critical $180 mark even as institutional inflows into newly launched Solana exchange-traded funds (ETFs) reached nearly $199 million in just one week. Related Reading The Solana price is hovering around $175, marking a 6.4% daily decline and extending a week-long correction that has erased almost 12% of its value. Despite ETFs managed by Bitwise, Grayscale, and 21Shares pushing total assets past $500 million, the influx of institutional capital has yet to stabilize prices. Analysts attribute the weakness to a broader risk-off sentiment across global…

Pundit Elaborates On Ripple/SWIFT Theory That Will Send The XRP Price To $1,000

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A prominent crypto commentator known as Remi Relief has expanded on theories linking Ripple, SWIFT, and the global banking system to the long-term valuation of XRP.  His post on the social media platform X came in response to a discussion initiated by well-known analyst Paul Barron, who questioned whether Ripple’s strategy has always been to bridge the increasingly fragmented world of bank-issued stablecoins. The idea brings attention to XRP’s utility in facilitating liquidity between institutional networks, with Remi Relief noting that this could push the XRP price to $1,000. The…

Bitcoin price eyes $98K liquidity, downside pressure builds

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Bitcoin price remains range-bound between the $126,000 resistance and the $98,000 support, with weak momentum suggesting a deeper corrective move toward liquidity. Summary BTC consolidates between $126K resistance and $98K support. Mid-range weakness and low volume suggest bearish drift. $98K liquidity zone could trigger a rebound within the established range. Bitcoin (BTC) price continues to trade within a well-defined range as downside pressure builds. The market remains trapped between high-timeframe resistance at $126,000 and support at $98,000, forming a broad rotational structure in which price may continue to fluctuate for…

Is the Bitcoin price heading for its worst Q4 since 2022?

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Can the Bitcoin price recover its momentum after October’s reversal, or will Q4 extend its weakest run since 2022? Summary Bitcoin price has tumbled nearly 15% after hitting $126,000 in early October, breaking its winning streak and setting a weak tone for Q4. Trade tensions between the U.S. and China, a stronger dollar, and slower Fed easing weighed on markets, pulling Bitcoin back near $108,000. Central banks added liquidity and eased tariffs to calm markets, but the impact was short-lived as investors stayed cautious through early November. Analysts now see…

BTC price at Risk? Institutions No Longer Absorbing Newly Mined Bitcoin

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Key takeaways: BTC demand fell below daily mining supply for the first time in seven months. Spot Bitcoin ETFs saw $1.67 billion in net outflows since Oct. 11. Bitcoin treasury firms trading below NAVs signal eroding confidence, potentially pressuring BTC prices further. Institutional demand for Bitcoin (BTC) has dropped below the daily amount mined, raising concerns about BTC’s long-term stability, according to an analyst.  Bitcoin supply-demand dynamics shift While Bitcoin mining output has remained relatively constant, demand from institutional buyers has “dropped below the daily mined supply for the first…

Bitcoin Gets Sub-$100,000 Target as BTC Price Cancels Weekend Gains

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Bitcoin (BTC) starts November with a dip to $107,000 as traders brace for further support retests. Bitcoin price action gives bulls a grim sense of deja vu as weekend gains evaporate and downside liquidity grows. November seasonality calls for serious BTC price gains, but so far, there is no sign of relief. US-China trade deal hopes are sustaining stocks, while crypto fails to join the party as Fed rate-cut nerves return. Institutional demand reaches seven-month lows compared to the newly mined BTC supply. Bitcoin retail investors are in retreat, as…