#Cardano #ADA price has taken a hit with the recent bitcoin price crash.

According to the data offered by the #CoinMarketCap portal, the Cardano price has been tied to the value of bitcoin, despite the specific conditions that we have explained in this note, it has not yet managed to exceed the value of a dollar so far in 2023

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Bitcoin market price($26.4K) dropped by -6.7% in the past 24 hours, according to cryptoquant. Some indicators that were signaling a price decline was in the cards.

Ethereum scaling solutions have been getting an increasing amount of traction in the past few months. New layer 2s (L2s) are launching almost every week now as competition in the space heats up.

Read More: https://www.publish0x.com/rubikkav/weekend-on-chain-narrative-for-the-cryptocurrency-market-aft-xdkywmv

📈 Market Overview

#Bitcoin price trades above $26K. The top-10 cryptos are traded in green zone:

#XRP +4.31%
#Dogecoin +0.62%
#Bitcoin +0.61%

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Support And Resistance Fundamental Technical #Report For #Bitcoin May Reveal What Is To Happen Next Weeks

📉 Cryptocurrency market lost enough capital during the last crash and Bitcoin dominance may reach 47%.

📈 Support, Resistance and Liquidity Regions can give us a true outlook for the coming weeks.

Read The Complete Article Here: https://www.publish0x.com/rubikkav/support-and-resistance-fundamental-technical-report-for-bitc-xrxlqyg

Crypto Market Daily Review ☀️

The market is neutral. Market cap is $1.07T. #Bitcoin is trading at $26K.

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Some #Altcoins To Watch This Week And Other Important #Cryptocurrency Market Data Compilation

📈For this week it is good to keep your eyes open on #Alice, #Brise, #Pyr, #Rune and #Lido, according to data from #CoinMarkercal and #Criptonoticias.

📈Data shows initial growth in market #volatility, with expectations of recovery in the medium term.

Read The Comple Article Here on #publish0x https://www.publish0x.com/rubikkav/some-altcoins-to-watch-this-week-and-other-important-cryptoc-xyqpxzw

Active addresses for #Tether (#Omni) rose by 5676% as the #stablecoin issuer discontinued its support for Omni.

Activity on #Bitcoin and #Ethereum increased by 5% and 2% respectively, while their market capitalization experienced 7% and 6% declines over the week.

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According to #Glassnode, weekly price action for #Bitcoin traded down -11.3%, which is a significant fall, but is not the most significant in recent years.

This performance is slightly shy of the long-term one standard deviation move of -12.6%, a level which was breached du...

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#BNB, the native cryptocurrency of the #BNBChain, has dropped in price in the last 7 days, from USD 217 to USD 210 at press time, representing a 4% drop.

The digital currency even got close to USD 200, in the morning hours, but it has recovered during the course of the day.

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#Bitcoin, the world’s largest cryptocurrency by market value, dropped just below the $26,000 mark on Wednesday after trading in a tight range over the past 24 hours and hitting a weekly low of $25,500.

The cryptocurrency rebounded slightly from the low, but remains down 9% over the last seven days as markets await developments from the central bankers’ meeting at Jackson Hole on Friday.

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#Ripple racked up over 17% price contraction during the market crash this past week

#XRP price has experienced a notable contraction of 17.60% in just one week, from August 15 to 22, to later present a slight recovery of 6.81%.

From last August 15 to August 22, the price of the Ripple token had fallen by 17.60% of its value, going from trading at from $0.6098 to $0.5025.

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#DYDX price was down by more than 15% over the last week as the crypto market crashed.

While other altcoins are taking it slow in making back their losses, the DeFi token seems to be in a hurry.

Already up by a little over 10% in the past 24 hours, DYDX is set to breach the 200-day Exponential Moving Average (EMA) as it sets eyes at $2.35.

Read the complete post here: https://social.wubits.io/share/64e6a6412d7f801682ff6e59?rid=63dffbc796acc11510f0903b&utm_source=link

#Solana #SOL price at the time of writing was up by 5% in the last 24 hours, trading at $21.61, after registering an 18.5% decline in the last ten days.

One of the biggest contributing factors has been the recent integration of #SolanaPay into #Shopify, an #Ecommerce giant.

Users will be able to pay using #cryptocurrencies on the shopping portal with the help of Solana, although initially, only #USDC (#USDCoin) is supported.

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Ethereum (#ETH) price has gained momentum, showing more strength than #Bitcoin price despite BTC’s influence in driving altcoins in the crypto market. #news #crypto #cryptonews

The outpacing comes as more traders are betting on ETH, following growing speculation of an Ethereum Futures #Exchange Traded Fund (ETF) coming ahead of a spot #BTC #ETF.

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On Friday, #Deribit, the world's leading crypto options exchange by open interest and volume, will settle 72,000 #BTC August #options contracts worth $1.9 billion and 535,000 #ETH options contracts valued at $893 million.

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#Crypto Market Daily Review ☀️

The market is growing. Market cap is $1.07. #Bitcoin is trading at $26.3K.

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#Bitcoin hodlers are not discouraged

#GalaxyDigital's #report also shows the importance of short-term bitcoin holders and how they did not stop believing in the digital currency, despite its recent drop from $28,900 to $26,500.

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#SUI raises price after subsidy announcement

The cryptocurrency is among those that had the most gains in the last seven days.

The SUI #token went from trading USD 0.47 to USD 0.61 during the last week, showing an increase of almost 30%. And, although it later fell to USD 0.59, it continues to stand out for its increase on a weekly basis.

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Market depth is a widely used measure of liquidity, commonly calculated across the order books of cryptocurrency pairs on centralized exchanges (#CEXes), according to #Kaiko.

It provides the amount of bids and asks at varying distances from the mid-price, encompassing a range from -0.1% to 10%.

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#Base is the fastest L2 to grow to 100,000 users. This milestone was reached just 56 days after launch.

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👋 Just 5.8% of #Bitcoin is currently sitting on exchanges, which is officially the lowest level #crypto's top market cap asset has seen since December 17, 2017.

We are also continuing to see reasonable amounts of $BTC whale transactions (57.4K per week).

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