BTC and ADA have consolidated at their weekly lows.
Both coins may not have reached their bottoms yet as there are still several bearish flags present on their weekly charts.
Recession fears may pull the prices of ADA and BTC even lower.
Cardano (ADA) and Bitcoin (BTC) have consolidated at their weekly lows since dropping from their all-time highs.
According to the crypto market tracker, CoinMarketCap, the price of BTC remains under the $20k level with its price at $19,782.44 at the time of writing. This is after its price experienced a slight 0.37% slip over the past 24 hours.
Meanwhile, ADA’s price is up slightly over the last 24 hours. At the time of writing, the price of ADA is $0.4272.
Both ADA’s and BTC’s prices have consolidated at their latest weekly lows that have been established in this year’s bear cycle.
The weekly chart for ADA shows how ADA dropped from its all-time high that was set in September 2021 to its current level. The last month has seen ADA’s price...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...