Cardano (ADA) jumped more than 12% on Saturday, its largest single-day gain since February, pushing its market capitalization above $7 billion amid a broader, but more modest, crypto market advance.
Bitcoin is facing a key technical test as its recent price advance stalls at the $63,300 resistance level. Technical indicators suggest buying momentum is weakening, raising the risk of a potential bull trap or price reversal.
Bitcoin's price rallied above $64,000 on Monday, as positive comments from former President Donald Trump overshadowed selling pressure from significant sales by major corporate holder MicroStrategy.
Crypto derivatives exchange Deribit, in partnership with software provider SignalPlus, has announced 'The Island,' a 35-day trading competition with a prize pool of up to $600,000 USDC aimed at retail options and futures traders.
Standard Chartered says uncertainty over the evolving Bitcoin strategy of its largest corporate holder, Strategy, is weighing on the cryptocurrency's price. The bank maintains its $100,000 price forecast, contingent on the company clarifying its new approach.
The Cantor Fitzgerald-backed blank-check firm and the Bitcoin investment company have scrapped their original merger deal, citing market conditions. The two parties will now attempt to negotiate a revised transaction.
Bitcoin is consolidating below a critical resistance zone near $64,700, with technical indicators suggesting a significant price move is imminent as trading volume declines.
The world's largest cryptocurrency showed resilience to Middle East tensions over the weekend, with investor focus also turning to U.S. regulatory discussions and a key developer proposal.
A new Bank of America report highlights South Korea and the United Arab Emirates as the strongest emerging players in the global AI landscape, which remains dominated by the United States and China.
