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#Cardano is at a Critical Point: Will it Soar or Crash? Three Things to Watch this Week (Cardano Price Analysis).
Cardano’s price could not move higher and sellers returned.
Key Support levels: $0.38, $0.35
Key Resistance levels: $0.41
1. Momentum Shifts Bearish
Momentum has turned bearish this week after buyers failed to make a higher high. With the price on the key support at $0.38, bulls have to do their best to defend this level.
2. Volume Declines
With the uptrend lost, the buying pressure declined, and now sellers appear to have taken over the price action. The resistance at $0.41 continues to hold strong and has so far rejected all attempts by Cardano to break it.
3. Bearish MACD
In the past few days, the daily MACD has been falling, and the bearish momentum has intensified. If nothing changes, then ADA could fall to $0.35 next.
Cathie Wood's #Ark Invest sells $5.3 million Coinbase shares, buys $1.2 million Robinhood
Ark Invest sold 43,956 Coinbase shares on Monday — worth around $5.3 million — as the value of the crypto exchange’s stock reached the highest level in 18 months.
Ark also bought 143,063 shares of Robinhood ($1.2 million) for its Ark Fintech Innovation ETF.
Cathie Wood’s Ark Invest sold more Coinbase shares on Monday, offloading 43,956 COIN ($5.3 million) as the value of the crypto exchange’s stock reached the highest level in 18 months.
Ark also bought 143,063 shares of Robinhood, worth around $1.2 million, for its Ark Fintech Innovation ETF, according to the company’s latest trade filing. That is in addition to the 93,297 ($780,000) Robinhood shares Ark added to its ARK Next Generation Internet fund on Friday.
Coinbase stock currently trades at $120.69 in pre-market trading, up more than 50% this month and 228% year-to-date, to reach the highest level since April 2022, according to TradingView. However, the stock is still down around 65% from an all-time high of $342.98 during the peak crypto bull market of November 2021.
#ArgoBlockchain mianuje byłego szefa CBOE Digital Thomasa Chippasa na stanowisko dyrektora generalnego.
Giełda Papierów Wartościowych w Londynie i notowana na Nasdaq spółka zajmująca się wydobyciem i technologią Bitcoin Argo Blockchain mianowała Thomasa Chippasa na stanowisko nowego dyrektora generalnego i dyrektora, ze skutkiem natychmiastowym.
Chippas ma prawo otrzymać do 2,85 miliona jednostek związanych z amerykańskimi akcjami depozytowymi Argo, które zostaną przyznane w okresie trzech lat, pod warunkiem kontynuacji zatrudnienia i spełnienia określonych kryteriów wydajności, zgodnie z oświadczeniem.
Chippas z siedzibą w Nowym Jorku wnosi do Argo bogate doświadczenie w zakresie aktywów cyfrowych i usług finansowych. Ostatnio był dyrektorem generalnym CBOE Digital i byłym członkiem jej zarządu. Był również założycielem i dyrektorem generalnym platformy do handlu kryptowalutami ErisX, która została przejęta przez CBOE w szczytowym momencie hossy w październiku 2021 r. CBOE następnie zgłosiło odpis w wysokości 460 milionów dolarów z tytułu przejęcia w 2022 r.
Nowy dyrektor generalny Argo był wcześniej również dyrektorem generalnym Citadel Technology, dyrektorem operacyjnym Axoni i dyrektorem zarządzającym w Citigroup, Barclays i Deutsche Bank.
✌️ Zmiana warty pośród problemów w Argo.
Były dyrektor generalny Argo i tymczasowy prezes Peter Wall zrezygnował w lutym, aby „szukać innych możliwości”. Dyrektor operacyjny Seif El-Bakly przejął obowiązki tymczasowo, a Wall zgodził się pozostać doradcą Argo w celu wsparcia przejścia. Matthew Shaw został mianowany prezesem w tym samym czasie.
W grudniu 2022 r. Argo wywołało panikę na rynku, przypadkowo publikując wersje robocze postów, w których napisano, że złoży wniosek o ochronę przed bankructwem na podstawie rozdziału 11. Argo sprzedało swój obiekt wydobywczy Helios firmie Galaxy Digital Mike'a Novogratza w tym samym miesiącu za 65 milionów dolarów i zaciągnęło pożyczkę w wysokości 35 milionów dolarów od firmy, zwiększając w styczniu swoją działalność wydobywczą bitcoinów.
Argo następnie zarobiło 7,5 miliona dolarów w ramach nadsubskrybowanej sprzedaży akcji w lipcu, planując spłatę swojego długu.
According to The Tie's prior study this year, significant unlocking events typically result in price reductions as supply increases faster than investor demand for the asset.
The cryptocurrency tokens DYDX, OP, and SUI underperformed the larger Coindesk Market Index and fell precipitously ahead of their significant token unlocks.
A digital asset's supply is increased by unlocks, which also enable token sales by early investors.
A number of significant alternative cryptocurrencies had a decline on Monday due to significant token unlocks, which dragged on prices during a generally bad day for the overall crypto market. These cryptocurrencies included native tokens of dYdX (DYDX), Optimism (OP), and Sui (SUI).
According to data from Token. Unlocks and CryptoRank, the number of altcoins will increase by approximately $650 million this week.
DYDX will record roughly $480 million worth of tokens in its circulating supply, nearly doubling the current amount of tokens in the market. OP, SUI, Axelar (AXL), Immutable X (IMX) 1inch (1INCH), and Hedera (HBAR) also have big unlocks scheduled in the coming days.
#ARK Invest Sold $5M Worth of Grayscale Bitcoin Trust Shares Last Week
The sales took place as a discount for Grayscale's Bitcoin investment vehicle narrowed to its lowest in over two years, a sign of escalating optimism that a spot Bitcoin ETF will finally be approved in the U.S.
Cathie Wood's ARK Invest sold more shares in Grayscale Bitcoin Trust (GBTC) last week, offloading 163,722 to earn $5.02 million at closing prices while the investment vehicle's discount to its net asset value narrowed to the least in more than two years. The sales took the November total of shares dropped by the Next Generation Internet ETF (ARKW) to 579,077, earning it about $16.9 million based on the relevant day's closing share price.