New all-time highs keep rolling in for ADA/USD but familiar BTC hodlers have reasons to be “excited” about the coming months.
ADA’s price crashed the last time its futures open interest reached $1 billion, leading traders to question whether or not it is about to happen again.
Bitcoin is showing signs of topping out but many altcoins remain strong, a signal that the decoupling between the two is likely to continue for a few more days.
Ethereum’s increasing dominance has kept traders focused on altcoins but Bitcoin’s struggle to hold above $59,000 could send the entire market tumbling.
Bitcoin is still stuck in a predictable range below Binance Coin, Cardano, Litecoin and Chainlink have formed bullish patterns suggesting further upside in them.
With a value of nearly $58 billion, ADA has flipped Tether in the market cap rankings.
Altcoins continue to rally higher and Bitcoin’s repeat tests of the $58,000 level signal that bulls are building momentum.
After days of range-bound action, Bitcoin and many altcoins made a strong comeback today, indicating buying at lower levels.
Bitcoin price continues to come under pressure from sellers while Ether and BNB are attempting to buck the trend.
While Cardano and Polkadot are extending their staking dominance, Tezos has plummeted from the top ten by staked capitalization.