#CardanoSurCardanoSurge $ADA The Cardano decline in the past week seems to becoming to an end, as evidenced by on-chain data. While the overall crypto market has been in a slump, Cardano is starting to buck the trend. ADA, Cardano's native token, has seen a huge surge in on-chain transactions from large holders, indicating sporadic activity and interest in the blockchain. Notably, transaction data shows that Cardano has registered over $10 billion worth of large transactions in the past 24 hours, representing a 26% increase within the time frame. Furthermore, this puts the worth of ADA large transactions at $32.54 billion in the past seven days.
US CPI unexpectedly fell in May due to a drop in gasoline prices. The market expects the Fed to cut interest rates by 25 basis points in November with a 100% chance. A rate cut in September remains in doubt.
🧪 #BTC surges to over $69k off the news of cooler inflation numbers.
Wall St algos think inflation is cooling and that it’s good for #Bitcoin. Literally regarded)