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Bitcoin is showing a price structure that resembles the market conditions leading up to the 2021 crash. Prominent trader Peter Brandt has pointed out that fundamentals often appear strongest at market tops. His comments come as analysts debate whether a Bitcoin crash is repeating a similar pattern from the past. This all happens while there
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The post Cardano Price Forecast: Here is What Historical Data Reveals appeared first on Coinpedia Fintech News
Ahead of the much-anticipated altseason for the 2025 crypto bull market, Cardano (ADA) has emerged as a potential contender. Driven by institutional investors’ adoption and global liquidity expansion, ADA price action has mirrored that of major altcoins led by Dogecoin (DOGE).
The large-cap altcoin, with a fully diluted valuation of about $31.8 billion and a 24-hour average trading volume of about $913 million, gained around 14 percent in the last seven days to trade about $0.7092 on Monday, during the mid-North American trading session.
According to market data analysis from Intotheblock, Cardano has depicted a correlation of 0.87 out of 1 with Bitcoin in the past 30 days. With Bitcoin (BTC) price attempting to rally beyond a crucial resistance level above $95k, ADA’s price is well positioned to break out in tandem.
Since U.S. President Donald Trump announced on April 9 via Truth Social that it was an opportune time to buy, Cardano’s Futures Open Interest (OI) has surged from $603 million to around $802 million at the time of this writing.
From a technical analysis standpoint, Cardano price is following a similar fractal pattern to DOGE in the 2017 cycle. Worth noting that the first explosive rally for altcoins in 2017 happened during the second quarter.
In the 3-day timeframe, ADA price has formed a symmetrical falling channel, which could be breached in the near future. According to crypto analyst Ali Martinez, ADA price is well positioned to rally towards 88 cents, if it consistently closes above the resistance level around 74 cents.
The post Cardano Price Forecast: Here is What Historical Data Reveals appeared first on Coinpedia Fintech News
Several technical indicators suggest the YTD correction for ADA price has already hit the bottom. Cardano price has experienced a high correlation with BTC in the recent past, signaling potential bullish sentiment ahead. Ahead of the much-anticipated altseason for the 2025 crypto bull market, Cardano (ADA) has emerged as a potential contender. Driven by institutional …
The National Bank of Poland (NBP) is set to announce its monthly interest rate decision today. As widely anticipated, the…
Coinbase, the largest US crypto exchange, has recorded its worst quarter since the dramatic collapse of FTX in late 2022.
Coinbase’s stock (COIN) plummeted by 30% in Q1 2025, mirroring the steep losses seen across the broader crypto market.
According to Bloomberg, the sharp decline has hit several other major crypto-related stocks as well. This includes Galaxy Digital, Riot Blockchain, and Core Scientific, all of which have experienced significant downturns.
Furthermore, the broader crypto market is facing tough times. Bitcoin, which has long been considered the bellwether of digital assets, has dropped by 10% this quarter. More dramatically, Ethereum (ETH) has seen a staggering 45% decline. These losses reflect a broader downturn in the crypto market, fueled by several macroeconomic factors.
Analysts point to the global uncertainty surrounding the US economy, including concerns over Trump’s tariffs and recession fears. This has resulted in a general “risk-off” mood among investors.
“In a risk-off mood, no asset is safe stocks, crypto, all get hit. It’s more about sentiment than fundamentals in those moments,” an investor commented on X.
While some point to these macroeconomic pressures as the primary cause, others argue that the market’s underperformance is more due to lingering fears of trade wars and broader geopolitical instability.
“Trump’s trade wars are driving markets into a panic. As much as he is doing for crypto, the macro market conditions are speaking louder – as bullish as the news is from the white house – His trash trade war is squelching any price surge,” another X user remarked.
Coinbase has been hit especially hard in this downturn. Coinbase’s revenue model is heavily reliant on altcoins and transaction volumes beyond Bitcoin. Hence, the overall market drop could have made a mark on the exchange’s stock prices. Moreover, the news comes as Coinbase users have collectively lost more than $46 million to scams in March.
While crypto has been in a freefall, other assets have fared much better. Gold, for example, has surged, posting its best quarter since 1986 as investors flock to safer assets amid the market turmoil. The shift toward traditional assets is particularly noticeable as the post-election crypto hype, which briefly boosted Bitcoin’s value to $109,000, begins to fade.
Despite the overall market challenges, some crypto-related firms have shown resilience. MicroStrategy, led by CEO Michael Saylor, remains in the green year-to-date, bolstered by its substantial Bitcoin holdings.
For now, the crypto market is left to weather the storm, with analysts continuing to scrutinize the interplay of macroeconomic factors and its impact on digital assets.
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