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Cardano shows renewed growth through its 3.5% price increase to $0.7513 during the last 24 hours. The Cardano price surge can be attributed to increased community interest stemming from the Midnight airdrop and the $71 million investment for network growth. With multiple events converging, Cardano (ADA) is now in a zone where significant price shifts
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Amid the immense hype around exchange-traded funds, the eyes are on the Spot Cardano ETF approval as the deadline nears. At present, only two spot ETFs are functioning, Bitcoin and Ethereum, each with high attention. More importantly, both witnessed high inflows and an impact on their tokens’ value. The same is expected for the Cardano token, resulting in highly anticipated approval odds on Polymarket. Will the SEC finally say yes to this ADA ETF? Let’s discuss. Polymarket Cardano ETF Approval Odds Hit 71% Grayscale filed for the ADA ETF at the beginning of the year, along with others. It is rumored that the SEC has acknowledged the filing and is set to make a decision on May 29, 2025. As the SEC’s decision deadline nears, the odds of Cardano ETF approval hit an ATH of 71% after its crash to 49% at the beginning of the month. The 71% approval… Read More at Coingape.com
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The correction that Bitcoin (BTC) suffered over the past 24 hours has triggered conversations around its correlation with the M2 Money supply. Analysts like Raoul pal and Abra CEO are using Bitcoin Vs M2 money supply co-relation to predict Bitcoin price. Bitcoin to $130k in August/September This Year? Abra Global CEO Bill Barhydt shared his analysis on the rising Bitcoin Vs M2 money supply trend via via his X account. The consensus is that with the growth in the global money supply, risk-on assets like BTC benefit significantly. The concept is simple: the more money in circulation, the more devalued fiat is, granting emerging hedges like Bitcoin more value. Source: X, Bitcoin Vs M2 Money Supply According to him, most trending charts predict a short-term bearish outlook. He most likely highlighted the likelihood of Bitcoin price dropping to $100,000 in the coming days before it pushed to a new all-time… Read More at Coingape.com
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Cryptocurrencies could be poised for a massive price recovery as President Donald Trump prepares to speak with Russian President Vladimir Putin about a potential Ukraine peace deal. With geopolitical tensions influencing investor sentiment, crypto price movements could see significant volatility. Will a breakthrough in negotiations spark a bullish surge, or will uncertainty keep prices fluctuating?
According to Bloomberg, President Trump is scheduled to speak with Putin on Tuesday and has expressed optimism about a possible resolution to the Russia-Ukraine war. He stated there is a “very good chance” of reaching a positive outcome.
However, White House officials, including National Security Adviser Mike Waltz, have acknowledged major hurdles in achieving a ceasefire.
Geopolitical uncertainty often weakens the price of risk assets like cryptocurrencies and stocks. Therefore, if there is a breakthrough in the matter, it could be bullish for Bitcoin and altcoins.
At press time, traders appear skeptical of a peaceful resolution to the war. The Nasdaq and S&P 500 futures have declined as analysts flip bearish on the US stock market. Bitcoin price has also dropped slightly by 1.3% to around $83,600.
The end of the Russia-Ukraine war may be bad for the US dollar, which is already underperforming against other major currencies due to Trump’s tariff war. However, a weaker US dollar will be good for cryptocurrencies price as traders seek out other safe havens.
Trump’s tariff war has stirred economic uncertainty and reduced reliance on the dollar. Meanwhile, the possibility of the end of the Russia-Ukraine war has boosted the price of European currencies, leading to the US dollar index falling to a five-month low.
If investors anticipate a short-term weakening of the US dollar, it may lead to capital rotation into cryptocurrencies as traders hedge against currency devaluation, leading to higher price moves.
Bitcoin price trades at $83,065 today with a marginal 0.5% increase in 24 hours. BTC is at a pivotal point where a breakout from a symmetrical triangle pattern on the four-hour price chart will determine the next move.
Crypto analyst Carl Moon notes that if BTC breaks above the upper trendline of this triangle, it could trigger a bullish Bitcoin price prediction and a 12% rally toward $94,000. This rally could be supported by a successful outcome from Tuesday’s meeting, leading to price gains across the cryptocurrencies market.
Conversely, if this uptrend fails and BTC price drops, it will result in another downtrend, possibly to the $72,000 price level.
Besides the bullish technical outlook, whales also seem to be accumulating BTC. This follows the recent purchase of $10M Bitcoin by MicroStrategy. This suggests whale positioning ahead of the Trump-Putin meeting.
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