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What to know:
Cardano's retail sentiment has turned bearish, with a bullish-to-bearish commentary ratio of 1.5:1, the lowest in five months.
ADA's price rebounded by 5% amid the sentiment dip, suggesting a potential local bottom as traders sold in frustration.
Analysts suggest that whales might accumulate ADA during this period of retail pessimism, as similar patterns have been observed in other cryptocurrencies.
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What to know:
Cardano's retail sentiment has turned bearish, with a bullish-to-bearish commentary ratio of 1.5:1, the lowest in five months.
ADA's price rebounded by 5% amid the sentiment dip, suggesting a potential local bottom as traders sold in frustration.
Analysts suggest that whales might accumulate ADA during this period of retail pessimism, as similar patterns have been observed in other cryptocurrencies.
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Ether Leads Crumbling Crypto Prices in Shocking Reversal From Early Rally
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What to know:
Crypto markets reversed early gains and tumbled after weak U.S. job growth initially sparked rate-cut optimism.
Ether (ETH) led the drop, shedding nearly 4% in minutes, while bitcoin (BTC) fared better with a milder decline.
Already having priced in a 25 basis point rate cut for September, traders upped bets on a possible 50 point move.
Things, however, quickly reversed following the opening of the stock market. Leading the way lower, was ether (ETH), which shed nearly 4% in a manner of minutes and is now down by 1.5% over the past 24 hours at $4,279. Solana
SOL
$203.30
and XRP
XRP
$2.8182
suffered similar percentage-wise declines. Bitcoin
BTC
$110,872.11
outperformed a bit, sliding closer to 2.5%, but still remaining slightly higher over the past day at $110,500.
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What to know:
Crypto markets reversed early gains and tumbled after weak U.S. job growth initially sparked rate-cut optimism.
Ether (ETH) led the drop, shedding nearly 4% in minutes, while bitcoin (BTC) fared better with a milder decline.
Already having priced in a 25 basis point rate cut for September, traders upped bets on a possible 50 point move.
Things, however, quickly reversed following the opening of the stock market. Leading the way lower, was ether (ETH), which shed nearly 4% in a manner of minutes and is now down by 1.5% over the past 24 hours at $4,279. Solana
SOL
$203.30
and XRP
XRP
$2.8182
suffered similar percentage-wise declines. Bitcoin
BTC
$110,872.11
outperformed a bit, sliding closer to 2.5%, but still remaining slightly higher over the past day at $110,500.
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#BTC
Buy Bitcoin above 110939
π―Target 1: 111000
π―Target 2: 111200
π―Target 3: 111400
βοΈStoploss : 110719
Buy Bitcoin above 110939
π―Target 1: 111000
π―Target 2: 111200
π―Target 3: 111400
βοΈStoploss : 110719
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