BTC, ADA: 'Bears getting exhausted,' cryptocapital founder says on price action Bitcoin Cardano $BTC $ADA Crypto2023
Cardano's ADA was up 2.10% in the last 24 hours at $0.322. At the week's start, ADA suddenly jumped over 22%, buoyed by continued whale accumulation., an on-chain analytics firm, millionaire whale addresses purchased 217.2 million ADA at the start of 2023.It is anticipated that Thursday's release of U.S. inflation data will reveal a slowing of inflation. According to economists surveyed by Dow Jones, the consumer price index might decrease by 0.1% in December.
Investors are hoping that the decrease will encourage the U.S. Federal Reserve to cut interest rates. In a bid to rein in surging inflation, the Fed and other central banks have been hiking interest rates over the past year or so. These actions caused equities and cryptocurrencies to fall substantially in 2022.
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Cosmos-Based DeFi Protocol Quasar Raises $5.4MEXCLUSIVE: Cosmos-based decentralized asset manager QuasarFi has raised $5.4 million at a $70 million valuation ahead of its public testnet. BrandyBetz reports
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Bitcoin price taps $17.5K as traders in ‘disbelief’ doubt crypto rallyIt's not looking good for BTC or ETH this week despite price strength, traders argue ahead of CPI.
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