Market Watch: Bitcoin faces rejection at $25k; Cardano on the road to $1
Market Watch: Bitcoin faces rejection at $25k; Cardano on the road to $1
The top cryptocurrencies remain in green while ETH and BTC face receding gains
Bitcoin (BTC) and Ethereum (TH) are facing receding gains after each got rejected at their crucial resistance at $25k and $2k, respectively. Bitcoin is currently showing overbought signals, however, all the top cryptocurrencies remain in green. On the stablecoin front, Tether’s (USDT) market cap rose by $2 billion post the Tornado Cash debacle.
Record whale activity is picking up for Dogecoin (DOGE), with transactions worth $100k happening daily. Data from Santiment revealed that Cardano (ADA) investors now stand at the highest profit-taking level since March 2022, and we might soon see Cardano rallying to $1.4-$2 if the current uptrend continues.