Crypto markets added some 4.4% to overall capitalization in the past 24 hours as bitcoin (BTC) saw signs of bottoming out and traditional markets showed strength at the start of this week.
Bitcoin regained the $31,000 level in U.S. hours on Monday after nine weeks of losses. That move came amid a relief rally in Asian markets, and technical data suggesting the asset may have bottomed out between the $29,000 to $30,000 range.
Cardano’s ADA token led gains among crypto majors with a 17% rise to trade over 64 cents on Tuesday. Fundamental catalysts include a rise in the issuance of native assets on the network – over five million assets have now been minted on Cardano, data shows – and the upcoming Vasil hardfork, a network upgrade expected in June that would increase scaling capabilities.
Price-charts suggest ADA saw support at the 45 cents level. Readings on the Relative Strength Index (RSI) – a tool used by traders to calculate the magnitude of an asset’s price move – fell to nearly...
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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...