Cardano’s ADA Rockets 35% as Hoskinson Says He’s Helping U.S. Crypto Policy
ADA extended 7-day gains to 77% as Charles Hoskinson said development company Input Output will set up a policy office in the U.S.
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ADA extended 7-day gains to 77% as Charles Hoskinson said development company Input Output will set up a policy office in the U.S.
Weekend pumps are considered bullish because they indicate broad interest and participation from smaller investors rather than just institutional players.
Majors cryptocurrencies are surging as a bullish backdrop gives traders reason to set a $100,000 price target for BTC in the near term.
Investors say a Trump administration will favor DeFi applications and tokenomics more, given the family’s backing of World Liberty Finance – riling up DeFi-focused trades.
Analysts expect a 0.25% rate cut this week, which has historically benefited assets like BTC by diluting the dollar’s value and pushing investors towards alternative investments.
“There is going to be a media frenzy about Elon and how his aggressively backing Trump and the ‘Department of Government Efficiency’ narrative could have been a deciding factor for a Trump win,” one trader said.
BTC fell amid a transfer of $2.2 billion worth of the asset by defunct exchange Mt.Gox from its storage to new wallets.
A majority of that stash, or nearly 30,400 BTC, was sent to “1FG2C…Rveoy” and 2,000 BTC was moved to “15gNR…a8Aok” after first being sent to a Mt. Gox cold wallet.
The most popular Polymarket bet has seen a flurry in trades ahead of Election Day, contributing to a surge of Harris’ winning shares on the betting platform.
A tracker for market sentiment reached “extreme greed” levels on Thursday, which has historically preceded market corrections.