🔼 La demanda por $BTC sigue siendo alta El CEO infinitame | TopCryptoNews en Binance Square

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🔼 La demanda por $BTC  sigue siendo alta
El CEO infinitamente optimista de CryptoQuant dice que la aparente demanda de BTC sigue siendo muy alta.
😬 Sin embargo, no se puede deducir esto de la situación del mercado.
#BTC  #Bitcoin  

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📉 Cardano leads the market decline – Why is ADA down today? The cryptocurrency market is in a correctional phase, with over $500 million liquidations made in the last 24 hours. The total value of the industry has now fallen below $3.4 trillion, almost reversing all the early gains of the year. Among the hardest-hit assets is Cardano (ADA), which has continued its downward trajectory, showing signs of weakness amidst a broader market pullback. At press time, ADA is down 8% over the last 24 hours, trading at $0.89. This marks a continued decline in the cryptocurrency’s price, which has been trending lower in recent days. Cardano has been facing stiff resistance in its efforts to break through key price levels, and a weakening technical structure is contributing to growing bearish sentiment. 🔸 User activity, TVL drop on Cardano network According to data from Artemis, Cardano’s user activity has sharply declined since early December. Daily active addresses on the Cardano blockchain have plummeted from 96,700 on December 3 to approximately 38,200 on January 9. Similarly, daily transactions have fallen from 144,300 to just 54,600 in the same period. The decline in user engagement is a worrying trend for Cardano, as it has historically been a key indicator of network health and potential growth. The falling activity could exacerbate ADA’s price weakness, further fueling the downturn. In addition to waning user engagement, the total value locked (TVL) on Cardano has also taken a hit. Data from DefiLlama shows a steep decline of over 31.5% in the TVL since early December, dropping from $708.9 million on December 3 to around $485 million at the time of publication. Between January 7 and January 9 alone, TVL experienced a sharp $105 million decline, representing an 18% decrease in less than 72 hours. 🔸 Correlation with Bitcoin’s market movements Cardano’s price movement has largely mirrored that of Bitcoin (BTC) in recent months, with both assets consolidating around key support levels. #ADA #Cardano

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🤔 Here's How Low $XRP Could Go: Analyst Shares Next Support After Fake As XRP and the cryptocurrency market enter another correction phase, a well-known market analyst has shared another major factor supporting XRP. XRP joined the broader market decline on Tuesday, correcting more than 6% from its intraday high of $2.46. While native token XRPL was seeking higher prices during the Asian trading session today, it gave up most of its gains at the time of writing #XRP #Ripple

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