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Cardano Whales Keep Buying – Price Holds Above Crucial Mark
Cardano (ADA) has demonstrated impressive resilience, holding firmly above the critical $1.15 level since Monday despite an aggressive market shakeout triggered by Bitcoin’s volatility. While many cryptocurrencies struggled under selling pressure, ADA’s ability to maintain this support showcases its strength amid uncertain market conditions. Top analyst Ali Martinez highlighted bullish signs for Cardano, sharing data that points to a significant increase in whale activity. This uptick in large transactions indicates growing interest from institutional investors and high-net-worth individuals, often a precursor to substantial price movements. As Bitcoin’s shakeout ripples across the market, ADA’s stability above $1.15 becomes a focal point...
Binance Faces Web Restrictions After the Venezuelan Government Bans X (Twitter)
Venezuelan users now face restricted access to Binance, the world’s largest crypto exchange based on trading volume, as the government extends its internet crackdown. This development raises concerns within the local crypto community. Venezuelan Crypto Users Navigate Binance Blockade with VPNs According to an official statement released by X, the company confirmed that it is experiencing difficulties in providing access to its web platform for Venezuelan users. “Like several websites of companies from different segments in Venezuela, including social networks, Binance pages have been facing access restrictions,” the statement read. Read more: Best Binance Alternatives in 2024 for Trading Crypto...
US Dollar flirts with a break below 108.00 in the DXY after PCE print
The US Dollar is residing not far from its fresh two-year high level seen in Asian trading on Friday Quadruple Witching – the simultaneous expiration of four types of derivative contracts – is set to take place in the US trading session. The US Dollar Index (DXY) reached 108.55 and looks set to end the year on a rather elevated level. The US Dollar (USD) is residing not far from its fresh two-year high of 108.55 that was hit during the Asian-Pacific trading session. The move was supported by rising US Treasury yields, widening the rate-differential gap with other countries....
