Cardano (ADA) sees a double-digit percentage rise today, recovering from recent losses, but analysts remain cautious about the sustainability of the rally.
Bitcoin is trapped in a narrow range after a strong rally, facing a sell wall at $92,000. The broader market is also fading, with significant losses for Solana, Cardano, and other altcoins.
Bitcoin’s price is stuck in a tightening range after hitting $92,000, facing strong selling pressure. With US markets returning from a short holiday, the broader crypto market is also seeing minor losses, with altcoins like Solana and Cardano leading the decline.
A Texan trader turned $11,000 into nearly half a billion dollars using memecoin sniper bots, while an AI trading experiment showed mixed results and a Cardano investor lost over $6 million in a single trade due to a liquidity error.
Cardano’s blockchain suffered a chain-split caused by a malformed transaction, leading founder Charles Hoskinson to call in the FBI. The network has since been stabilized, but community concerns over transaction security persist.