ADA Token Surges 6.93% as Whales Accumulate 120 Million and Golden Cross Signals Momentum
Cardano (ADAUSDT) has experienced a notable price increase in the past 24 hours, with the price rising 6.93% to $0.7448 on Binance. This upward movement is primarily attributed to renewed bullish sentiment driven by positive technical indicators, including the formation of a weekly "golden cross," and increased accumulation by large holders ("whales") who reportedly purchased 120 million ADA in recent weeks. The broader cryptocurrency market rally, led by Bitcoin, has also contributed to the positive momentum for ADA.
Currently, Cardano maintains a strong market capitalization near $26 billion and a circulating supply of approximately 35 to 36 billion tokens. The 24-hour trading volume has been substantial, ranging from $1.1 billion to over $2.8 billion, reflecting heightened investor interest and active trading. ADA continues to be closely watched by analysts and investors for its potential to sustain gains and break through further resistance levels.
MICHAEL SAYLOR RESUMES BITCOIN PURCHASES AFTER BRIEF PAUSE!
Michael Saylor's Strategy has resumed buying Bitcoin after a brief pause, acquiring 4,980 BTC for $531.9 million. This move comes after a 12-week buying streak that ended when Strategy's purchases reached a fever pitch. Saylor hinted at the resumption by posting a chart of Strategy's Bitcoin acquisitions since 2020, accompanied by the caption, "Some weeks you don’t just HODL."
Key Details:
- Number of Bitcoins Bought: 4,980 BTC
- Purchase Value: $531.9 million
- Current Holdings:597,325 BTC
- Potential Future Holdings: Over 600,000 BTC with continued buying spree
Strategy's Bitcoin Investment:
- Long-term Vision:Saylor remains committed to Bitcoin maximalism, believing in its potential as a store of value and superior asset
-investment Strategy: Strategy utilizes corporate balance sheets for BTC acquisitions, with Saylor advocating for Bitcoin's role as a central financial asset
Financial Stability:Saylor assures investors of the company's financial stability, with the pause being a strategic decision for optimal capital allocation
Market Impact:
- Bitcoin's Price$118,995.69, with a 1.40% increase
Market Sentiment: Saylor's optimism bolsters long-term investor confidence, with potential implications for regulatory perspectives .#BTCBreaksATH #TradingStrategyMistakes #StrategyBTCPurchase #bitcoin $BTC
Alright boys, eyes open we’re about to get the highest weekly close in Bitcoin history. Let that sink in. BTC is moving like a king reclaiming his throne. ETH also just cleared overhead resistance like it never existed. Momentum is building at the top.
But before you get too excited and start tweeting about "alt season" — wake up. Alts are still down horrendously. If you think we're in an alt season, you’re in a coma. This isn’t it.
There’s only one scenario that flips the script for alts:
🫶Jerome Powell resigns. The new Fed chair comes in, cuts rates by 200bps, and starts the printer ahead of US debt refinancing.
That’s the altcoin ignition moment. One major cut even before the resignation could be the signal. When that happens, alts will outperform everything on Earth, from equities to real estate to precious metals.
Until then pray for Powell’s resignation.
Alt boys stay humble, BTC and ETH are leading. Watch the macro, not memes.
XRP LAST TEST BEFORE $3 REACHED!
XRP's current price is $2.87, with a 5.68% increase in the last 24 hours. Predictions suggest that XRP could reach $3 soon, with some analysts forecasting a potential surge toward the $7 mark. Let's break down the key insights :
Resistance Levels:The first major resistance level is at $2.87, followed by $2.95 and $3.39. A breakout above $3.92 could confirm a run toward $4.20 and beyond.
Technical Indicators:XRP's Relative Strength Index (RSI) is currently at 78.73, indicating overbought conditions, which might lead to a correction. However, the 14-day RSI shows a buy signal, while the Stochastic RSI suggests a sell.
Price Predictions:Experts forecast XRP to reach $3.25 by September 2025, $3.58 by the end of 2025, and $5.81 in 2025. Some predictions suggest XRP could hit $7 in the near future, driven by momentum building and social sentiment heating up.
-Market Sentiment: The current market sentiment is bullish, with many analysts predicting a potential breakout. XRP's dominance on exchanges has reached 13.04%, indicating growing interest.
Given the current market trends and predictions, it's possible for XRP to reach $3 soon. However, the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Monitoring market trends, technical indicators, and resistance levels will be crucial in making informed decisions .#ETHBreaks3k #xrp#BTCBreaksATH #USCryptoWeek #StrategyBTCPurchase $XRP
$BTC $ETH $XRP
🔵Financial markets are about to open. Next week will be very important in terms of economic events and data. Here are the most important upcoming events:
🔹Tomorrow, Monday, markets are awaiting a reaction to tariffs on Mexico and the European Union.
🔹On Tuesday, markets are awaiting US consumer inflation (CPI) data for June.
🔹On Wednesday afternoon, US producer inflation (PPI) data for June will be released.
🔹On Thursday afternoon, US retail sales data for June will be released.
🔹On Friday, no significant economic data.