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Cardano (ADA) is correcting gains from the $0.642 resistance zone. ADA could start a fresh rally if it stays above the $0.5550 support zone. ADA price is showing a few bearish signs below the $0.600 level. The price is trading above $0.5550 and the 100 simple moving average (4 hours). There was a break below a key bullish trend line with support at $0.610 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could attempt a fresh increase if the bulls remain active above the $0.570 support. Cardano Price Dips To Support After forming a…

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In a notable development that signifies the growing adoption of blockchain technology in the sports industry, Paris Saint-Germain (PSG) has announced its deepening partnership with Chiliz (CHZ), the Malta-based FinTech provider. PSG, one of the world’s most renowned football clubs, is set to become the first sports club to act as an official blockchain validator on the Chiliz Chain, a significant milestone for both organizations. Chiliz $1 Billion SportFi Ecosystem Attracts PSG According to Thursday’s announcement, the latest collaboration will see PSG play an important role in ensuring the security, accuracy, and reliability of the Chiliz chain. In particular, validators…

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Bridges offer many advantages when transferring crypto assets: better security, lower fees, and faster processing times compared to exchanges. But how can they help you maximize your crypto investments? Jumper Exchange has an answer to that question. This company has the most comprehensive interface available, which provides users with all-encompassing swapping and bridging solutions so that you can safely invest and secure your crypto. Liquidity Bridges help increase liquidity by taking advantage of multiple blockchain networks. They can pose various risks, so users should exercise due diligence when selecting them and evaluating a bridge aggregator’s security features and risk mitigation…

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In an exclusive interview with CNBC’s ‘Squawk Box’, Mike Novogratz, CEO of Galaxy Digital, provided an in-depth analysis of the current state and future trajectory of Bitcoin amidst a rapidly evolving financial landscape. The conversation spanned a variety of topics, including the recent surge in Bitcoin prices following the approval of spot Bitcoin ETFs and the impact of the Federal Reserve’s monetary policy on cryptocurrency markets. Bitcoin Amid Market Consolidation And Institutional Adoption Opening the discussion, Novogratz touched on the remarkable rally Bitcoin has experienced, while also suggesting a potential consolidation phase. “We’ve come a long way fast, both in…

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Bitcoin price failed again to clear the $53,000 resistance. BTC is now back below $52,000 and there are chances of a downside break below the $50,500 support. Bitcoin price is struggling to clear the $52,000 resistance zone. The price is trading below $52,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $51,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum if there is a move below the $50,500 support. Bitcoin Price Dips Again Bitcoin price failed to start a fresh…

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Here’s what the “Altseason Indicator” from the on-chain analytics firm Glassnode says regarding if an Altcoin season is currently going on or not. What Altseason Indicator Says Regarding The Altcoin Season In its latest weekly report, Glassnode has discussed what the Altcoin season status for the cryptocurrency market has looked like recently. To check whether the “altseason” is on, the analytics firm has devised its Altseason Indicator. This metric judges if the investors are in a risk-on mode based on how capital rotations are occurring in the sector. There are two conditions the indicator checks for. First, the Altseason Indicator…

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The price of Avalanche’s AVAX token has dipped over 3% in the past week, bucking the bullish trend in the broader cryptocurrency market. This comes amidst a $365 million unlocking event that increased the token’s circulating supply by 2.6%. Experts suggest both short-term challenges and long-term opportunities for AVAX. Unlocking Event Triggers AVAX Price Dip On February 15th, a significant unlocking event saw 9.5 million AVAX tokens, worth roughly $365 million, released from a vesting period. This influx of previously locked-up tokens coincided with a price decline for AVAX, which fell from $40.32 to its current price or nearly $37.…

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