Crypto
Why Is Cardano Price Dropping? ADA Hasn't Fell This Much Since September 2021
The
cryptocurrency market is witnessing a significant correction in Cardano (ADA)
prices, with the token experiencing a sharp decline to $0.9, representing a 24%
decrease in the past 24 hours. This downturn comes after an impressive 216%
surge in November, raising questions about the sustainability of ADA’s recent
rally.
During
Monday’s session, ADA’s price dropped nearly 16%, closing the day at $1.
Intraday declines were even steeper, reaching a local low of $0.91. This
represented a temporary 24% loss for Cardano, marking the largest single-day
drop in over three years, since September 2021, when ADA’s price fell by 30%.
Today, Why is Cardano price down today? Source: TradingView
Tuesday, December 10, 2024, ADA’s price is seeing a slight correction, up 1.3%.
Currently, Cardano is trading at $1.02 on Binance. However, the recent drop
significantly impacted Cardano’s total market capitalization, which now stands
at $35.6 billion, pushing the token to the ninth position among the largest
cryptocurrencies by market cap.
Despite the
decline, investor activity remains robust, with daily trading volume at $3.8
billion, exceeding that of Binance Coin (BNB), which is currently the
sixth-largest token in circulation.
What is the current Cardano market capitalization? Source: CoinMarketCap
Current Market Status
The price
correction in Cardano reflects broader market dynamics and profit-taking
behavior. After reaching significant highs, ADA is showing signs of exhaustion
as traders engage in profit-taking activities. The Relative Strength Index
(RSI) has exited overbought territory, suggesting a cooling period for the
asset.
However, Cardano isn’t the only cryptocurrency experiencing a decline. Ripple’s XRP token also recorded its steepest drop in two months during a single session. A similar fate befell meme coins, including Shiba Inu (SHIB), which is undergoing a significant correction in price.
Cardano Price Technical
Analysis
Recent
technical analysis reveals that Cardano is testing critical support levels. The
token’s price action has formed bearish patterns, with increased selling
pressure from short-term holders.
Looking at
the ADA/USD chart, the price has stalled around the $1.25 level, which aligns
with local highs from April 2022, and is currently stuck in a consolidation
phase between this level and the $0.90 support.
As long as Cardano (ADA) price technical analysis. Source: TradingView
these two levels hold, I would expect the upward trend to continue. My outlook
will only change if the support zone, additionally reinforced by the 23.6%
Fibonacci retracement, is breached. In that case, it could open the door to
further levels marked on the chart and described in more detail below.
I believe any dips would present opportunities to accumulate ADA at lower and
more attractive prices. A break below $0.68, however, would shift my
perspective to a more bearish outlook.
Technical Support and
Resistance Levels
Key
Support Zones:
- $0.9176 –
23.6% Fibo retracement - $0.9 – psychological support line
- $0.8 – local highs from March 2024
- $0.68 – local highs from December 2023
- $0.3 – lows from 2024
Resistance
Areas:
- $1.1 – local high from November 2024
- $1.25 – current main resistance zone,
highs from November and December - $1.32 – intraday high from late November
- $1.3349 – 38.2% Fibo retracement
ADA Volume Analysis
Trading
volume analysis indicates significant liquidations at higher price levels. Over
the past 24 hours, $1.6 billion has been wiped from the market, with $1.4
billion coming from leveraged long positions. Larger tokens account for most of
this movement, though ADA also has a visible share. In total, $23 million was
liquidated from leveraged positions in Cardano during the day, $20 million of
which came from longs.
Fundamental Factors Behind
the Cardano Price Drop
Profit-Taking Pressure
The primary
driver of the current price decline is widespread profit-taking following ADA’s
substantial gains. After climbing over 114.5% in the past year, investors are
naturally securing their profits, creating downward pressure on the price.
It is worth also noting that Bitcoin did not sustain its position above $100K mark, which also heightened the current selling preassure.
Market Sentiment Shift
Recent
events have impacted market sentiment:
- A social
media hack of Cardano’s official accounts spread false information about an SEC
lawsuit
Looks like the CF account got hacked. Try harder hackers https://t.co/DhT9PpgfZt
— Charles Hoskinson (@IOHK_Charles) December 8, 2024
- The broader
cryptocurrency market correction has affected altcoin performance - Technical
indicators suggesting overbought conditions triggered cautious trading
Cardano Price Prediction: Future
Price Outlook
Short-Term Projections
The
immediate price trajectory appears challenging, with analysts predicting
potential consolidation in the coming weeks. Current technical indicators
suggest ADA could experience further correction before finding stable support.
Long-Term ADA Price Forecast
Despite
short-term volatility , long-term projections remain optimistic:
- 2025
predictions range from $0.8 to $2.5 - 2026
forecasts suggest potential growth to $3.1 - 2027-2030
projections indicate gradual appreciation toward $5.5
|
Predictions |
Predicted Price |
Timeline |
|
CoinJournal |
$2 |
Coming weeks |
|
CoinCodex |
Between $0.98 and $1.10 |
December 2024 |
|
Coin Edition |
$9.41 |
2029 |
|
Coin Edition |
$12.54 |
2030 |
|
Techopedia |
$6 |
2030 |
You can
find more Cardano price predictions for 2025 and 2030 here. Finance Magnates has also prepared forecasts for other cryptocurrencies, including Dogecoin, for the year 2025.
Our Cardano $ADA price prediction of $6.00 might surprise you. From what we can see, Cardano just might be mirroring its performance from previous cycles. What do you think?🌚 pic.twitter.com/0Aqy4YdoaM
— ALLINCRYPTO (@RealAllinCrypto) December 2, 2024
Risk Factors
- Several
elements could influence future price movement: - Overall
cryptocurrency market conditions - Regulatory
developments - Technical
breakthrough implementations - Institutional
adoption rates
Should You Invest in
Cardano (ADA)?
The
platform continues to evolve with technological advancements and ecosystem
developments, which could positively impact future valuations. Network
improvements and increasing adoption rates remain crucial factors for long-term
price stability.
While
Cardano’s current price correction might concern some investors, it represents
a natural market cycle following significant gains. Technical indicators
suggest a period of consolidation, but fundamental strengths remain intact.
Investors should consider both short-term volatility and long-term potential
when making investment decisions.
The
combination of technical analysis, market sentiment, and fundamental
developments indicates that while ADA may experience continued pressure in the
near term, the overall trajectory maintains positive momentum for future
growth. However, as with all cryptocurrency investments, careful consideration
of risk factors and market conditions remains essential.
Cardano Price Prediction,
FAQ Section
Why is the Cardano price
low?
Cardano’s
recent price movements reflect profit-taking after a 168% surge over the past
month, with the price currently at $1.02. The market is undergoing a natural
correction phase following this substantial growth.
What is happening with ADA
Cardano?
ADA has
reached a market cap above $40 billion for the first time in three years, with
futures open interest hitting a 40-month high of $1.18 billion. The network’s
Total Value Locked (TVL) has significantly increased from $230 million to $705
million in December 2025.
Will ADA recover from
current levels?
Technical
analysis and market experts predict ADA will continue its growth trajectory,
with forecasts suggesting prices between $1.21 and $1.34 by the end of December
2024. Long-term projections indicate potential growth to $2.76 by 2025.
Is Cardano expected to go
back up?
Market
analysts maintain a bullish outlook, with predictions for 2024 ranging between
$1.21 and $2.02. Factors supporting this growth include increased whale
accumulation, network developments like the Hydra protocol, and growing DeFi
adoption.
The
cryptocurrency market is witnessing a significant correction in Cardano (ADA)
prices, with the token experiencing a sharp decline to $0.9, representing a 24%
decrease in the past 24 hours. This downturn comes after an impressive 216%
surge in November, raising questions about the sustainability of ADA’s recent
rally.
During
Monday’s session, ADA’s price dropped nearly 16%, closing the day at $1.
Intraday declines were even steeper, reaching a local low of $0.91. This
represented a temporary 24% loss for Cardano, marking the largest single-day
drop in over three years, since September 2021, when ADA’s price fell by 30%.
Today, Why is Cardano price down today? Source: TradingView
Tuesday, December 10, 2024, ADA’s price is seeing a slight correction, up 1.3%.
Currently, Cardano is trading at $1.02 on Binance. However, the recent drop
significantly impacted Cardano’s total market capitalization, which now stands
at $35.6 billion, pushing the token to the ninth position among the largest
cryptocurrencies by market cap.
Despite the What is the current Cardano market capitalization? Source: CoinMarketCap
decline, investor activity remains robust, with daily trading volume at $3.8
billion, exceeding that of Binance Coin (BNB), which is currently the
sixth-largest token in circulation.
Current Market Status
The price
correction in Cardano reflects broader market dynamics and profit-taking
behavior. After reaching significant highs, ADA is showing signs of exhaustion
as traders engage in profit-taking activities. The Relative Strength Index
(RSI) has exited overbought territory, suggesting a cooling period for the
asset.
However, Cardano isn’t the only cryptocurrency experiencing a decline. Ripple’s XRP token also recorded its steepest drop in two months during a single session. A similar fate befell meme coins, including Shiba Inu (SHIB), which is undergoing a significant correction in price.
Cardano Price Technical
Analysis
Recent
technical analysis reveals that Cardano is testing critical support levels. The
token’s price action has formed bearish patterns, with increased selling
pressure from short-term holders.
Looking at
the ADA/USD chart, the price has stalled around the $1.25 level, which aligns
with local highs from April 2022, and is currently stuck in a consolidation
phase between this level and the $0.90 support.
As long as
these two levels hold, I would expect the upward trend to continue. My outlook
will only change if the support zone, additionally reinforced by the 23.6%
Fibonacci retracement, is breached. In that case, it could open the door to
further levels marked on the chart and described in more detail below.
Cardano (ADA) price technical analysis. Source: TradingView
I believe any dips would present opportunities to accumulate ADA at lower and
more attractive prices. A break below $0.68, however, would shift my
perspective to a more bearish outlook.
Technical Support and
Resistance Levels
Key
Support Zones:
- $0.9176 –
23.6% Fibo retracement - $0.9 – psychological support line
- $0.8 – local highs from March 2024
- $0.68 – local highs from December 2023
- $0.3 – lows from 2024
Resistance
Areas:
- $1.1 – local high from November 2024
- $1.25 – current main resistance zone,
highs from November and December - $1.32 – intraday high from late November
- $1.3349 – 38.2% Fibo retracement
ADA Volume Analysis
Trading
volume analysis indicates significant liquidations at higher price levels. Over
the past 24 hours, $1.6 billion has been wiped from the market, with $1.4
billion coming from leveraged long positions. Larger tokens account for most of
this movement, though ADA also has a visible share. In total, $23 million was
liquidated from leveraged positions in Cardano during the day, $20 million of
which came from longs.
Fundamental Factors Behind
the Cardano Price Drop
Profit-Taking Pressure
The primary
driver of the current price decline is widespread profit-taking following ADA’s
substantial gains. After climbing over 114.5% in the past year, investors are
naturally securing their profits, creating downward pressure on the price.
It is worth also noting that Bitcoin did not sustain its position above $100K mark, which also heightened the current selling preassure.
Market Sentiment Shift
Recent
events have impacted market sentiment:
- A social
media hack of Cardano’s official accounts spread false information about an SEC
lawsuit
Looks like the CF account got hacked. Try harder hackers https://t.co/DhT9PpgfZt
— Charles Hoskinson (@IOHK_Charles) December 8, 2024
- The broader
cryptocurrency market correction has affected altcoin performance - Technical
indicators suggesting overbought conditions triggered cautious trading
Cardano Price Prediction: Future
Price Outlook
Short-Term Projections
The
immediate price trajectory appears challenging, with analysts predicting
potential consolidation in the coming weeks. Current technical indicators
suggest ADA could experience further correction before finding stable support.
Long-Term ADA Price Forecast
Despite
short-term volatility , long-term projections remain optimistic:
- 2025
predictions range from $0.8 to $2.5 - 2026
forecasts suggest potential growth to $3.1 - 2027-2030
projections indicate gradual appreciation toward $5.5
|
Predictions |
Predicted Price |
Timeline |
|
CoinJournal |
$2 |
Coming weeks |
|
CoinCodex |
Between $0.98 and $1.10 |
December 2024 |
|
Coin Edition |
$9.41 |
2029 |
|
Coin Edition |
$12.54 |
2030 |
|
Techopedia |
$6 |
2030 |
You can
find more Cardano price predictions for 2025 and 2030 here. Finance Magnates has also prepared forecasts for other cryptocurrencies, including Dogecoin, for the year 2025.
Our Cardano $ADA price prediction of $6.00 might surprise you. From what we can see, Cardano just might be mirroring its performance from previous cycles. What do you think?🌚 pic.twitter.com/0Aqy4YdoaM
— ALLINCRYPTO (@RealAllinCrypto) December 2, 2024
Risk Factors
- Several
elements could influence future price movement: - Overall
cryptocurrency market conditions - Regulatory
developments - Technical
breakthrough implementations - Institutional
adoption rates
Should You Invest in
Cardano (ADA)?
The
platform continues to evolve with technological advancements and ecosystem
developments, which could positively impact future valuations. Network
improvements and increasing adoption rates remain crucial factors for long-term
price stability.
While
Cardano’s current price correction might concern some investors, it represents
a natural market cycle following significant gains. Technical indicators
suggest a period of consolidation, but fundamental strengths remain intact.
Investors should consider both short-term volatility and long-term potential
when making investment decisions.
The
combination of technical analysis, market sentiment, and fundamental
developments indicates that while ADA may experience continued pressure in the
near term, the overall trajectory maintains positive momentum for future
growth. However, as with all cryptocurrency investments, careful consideration
of risk factors and market conditions remains essential.
Cardano Price Prediction,
FAQ Section
Why is the Cardano price
low?
Cardano’s
recent price movements reflect profit-taking after a 168% surge over the past
month, with the price currently at $1.02. The market is undergoing a natural
correction phase following this substantial growth.
What is happening with ADA
Cardano?
ADA has
reached a market cap above $40 billion for the first time in three years, with
futures open interest hitting a 40-month high of $1.18 billion. The network’s
Total Value Locked (TVL) has significantly increased from $230 million to $705
million in December 2025.
Will ADA recover from
current levels?
Technical
analysis and market experts predict ADA will continue its growth trajectory,
with forecasts suggesting prices between $1.21 and $1.34 by the end of December
2024. Long-term projections indicate potential growth to $2.76 by 2025.
Is Cardano expected to go
back up?
Market
analysts maintain a bullish outlook, with predictions for 2024 ranging between
$1.21 and $2.02. Factors supporting this growth include increased whale
accumulation, network developments like the Hydra protocol, and growing DeFi
adoption.
Crypto
Upcoming ‘Bitcoin’ Movie With Casey Affleck, Gal Gadot Probes Satoshi’s Identity
Key Takeaways:
- New Bitcoin film stars Casey Affleck and Gal Gadot, probing Satoshi Nakamoto’s identity.
- Craig Wright’s disputed role deepens divisions across Bitcoin developers and market participants.
- Industry reaction may polarize further as the film revives debate over Bitcoin’s origins.
Bitcoin Creator Dispute Moves Into Mainstream Film
The mystery surrounding Bitcoin’s creator is moving into the mainstream as “ Bitcoin,” previously referred to in online reports as “ Bitcoin: Killing Satoshi,” adapts one of crypto’s most contested debates to the screen. Ahead of the Cannes market, Patrick Wachsberger’s 193, a film sales and production company, launched international sales on the project, signaling a push to global buyers. Around the same time, Acme AI & FX, the production company behind the film, confirmed it had wrapped production on the Doug Liman-directed feature. The movie, described as the “first fully-generated, studio-quality AI feature film,” centers on the unresolved question of who created Bitcoin and why that issue continues to influence industry discussions and market perception.
The story follows Charlotte “Lotte” Miller, a war correspondent played by Gal Gadot, who is recruited by blockchain investor Calvin Ayre, portrayed by Pete Davidson, to write an investigative report on Australian computer scientist Craig Wright. Casey Affleck plays Wright, with Isla Fisher also appearing in the cast. The film was written by Nick Schenk and produced by Ryan Kavanaugh and Lawrence Grey, with production beginning at the end of February. The synopsis described the film:
“A high-stakes conspiracy thriller that asks the question no one in power wants answered.”
A longer description presents the movie as the story of one man’s effort to prove he created Bitcoin, a claim that allegedly puts his life in danger and sparks a global controversy involving tech billionaires, world leaders, and the future of the financial system.
Craig Wright Claims Renew Industry Polarization
From a Bitcoin industry standpoint, the film enters a highly disputed issue. Wright’s claim that he is Satoshi Nakamoto has been challenged for years by developers, researchers, and other participants in the sector, many of whom point to the lack of accepted cryptographic proof. A 2024 U.K. court ruling also rejected his claim, adding legal weight to that skepticism. Within parts of the BTC community, Wright is widely referred to as “Faketoshi,” and critics have accused him of fraud tied to those assertions.
The production approach has also drawn attention, as the “fully-generated” label refers largely to AI-built environments and visuals, while actors perform traditionally with digital settings added in post-production. At the same time, the subject matter is likely to drive industry reaction, as many bitcoiners view the claims as legally and technically discredited rather than unresolved.
That divide helps explain why the film is likely to provoke a polarized response across crypto. Many will see it as reopening a debate already settled by legal findings and technical evidence, while others may view it as an attempt to revisit unanswered questions around motive and power. The synopsis stated:
“All this leads Lotte, and the audience, to the central question — If Craig Wright didn’t invent Bitcoin, why is a coalition controlling trillions in global wealth spending hundreds of millions and risking everything to destroy him?”
“This is an exciting and gripping story, set in the mysterious and high-stakes real world of crypto,” Wachsberger told Deadline. The positioning underscores how the film is being framed, not just as a thriller, but as a mainstream take on one of bitcoin’s most contested narratives, where claims have long been weighed against verifiable proof.
Crypto
1 Cryptocurrency to Buy While It’s Under $80,000
Key Points
-
Investor pessimism toward the digital asset market has driven this top cryptocurrency 40% off its record high from last October.
-
History reveals that fiat currencies often end in collapse, paving the way for this innovative monetary asset to find greater adoption across the global economy.
-
Besides being electronic, scarcity and neutrality support this cryptocurrency’s value proposition.
It hasn’t been an enjoyable time if you have money tied up in cryptocurrencies. After the market’s valuation peaked at $4.4 trillion in October, we’ve witnessed a downward spiral that has resulted in that figure plummeting to $2.6 trillion today (as of April 17).
On the other hand, the S&P 500 index climbed 5% during the same time. It’s completely understandable if people want to forget about digital assets. They aren’t the easiest to hold; it’s hard to handle the volatility.
Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company, called an “Indispensable Monopoly” providing the critical technology Nvidia and Intel both need. Continue »
However, a monster opportunity is staring investors in the face. Here’s the cryptocurrency to buy right now, especially since it trades under $80,000.
Image source: Getty Images.
It usually doesn’t end well for fiat currencies
It’s time to shine the spotlight on Bitcoin(CRYPTO: BTC), the world’s first and most valuable cryptocurrency, with a market cap of $1.5 trillion. Bitcoin is a decentralized monetary network that was built to allow anyone in the world to transfer value to anyone else anywhere in the world without the use of an intermediary. It was a technological breakthrough at the time. And it still is today.
To understand the enormous importance of a completely novel monetary network to emerge, one that’s digital, immutable, and not controlled by anyone, it requires looking at the past. Fiat currencies, like the U.S. dollar, have a troubled history.
Since President Richard Nixon ended the convertibility of U.S. dollars to gold in 1971, the world economy has operated on government-backed, or fiat, currencies. The U.S. dollar has been the global reserve currency.
But the track record is impossible to ignore. Fiat currencies often end in collapse. Before the U.S. dollar’s current reign, it was the British Pound sterling. Over time, inflation decreases purchasing power, sometimes rapidly.
Is the writing on the wall for the U.S. dollar? Persistent fiscal deficits in the U.S., an ever-expanding debt burden that’s nearing $40 trillion, loss of public confidence and trust, and political instability are all clear signs that cracks in the system are forming.
While unsustainable things can go on for much longer than people anticipate, perhaps it’s only a matter of time before the U.S. dollar’s dominance comes to an end. And Bitcoin appears well-positioned to be a winner from this development.
The history lesson naturally leads to Bitcoin
After gaining more knowledge about the history of fiat currencies, investors will figure out the best ways to allocate capital to maintain and grow their purchasing power over the next decade. High-quality stocks, particularly in businesses that possess pricing power, present one idea. Real estate and commodities are also interesting if you have expertise in these areas.
Gold also comes to mind. It might not be a coincidence that the precious metal’s price doubled in the past two years. Those in charge of large pools of capital might be considering some of the variables that I just discussed, leading them to direct money toward an asset that has been viewed as a top store of value for millennia.
I believe, however, that Bitcoin is the best bet if you think there’s even a tiny chance that the U.S. dollar will collapse as its predecessors did.
Bitcoin is superior to gold, in my opinion. It’s purely digital, while also being divisible, allowing people to transact with it. It’s borderless and portable. And it’s finite, with a hard supply cap of 21 million units. It makes sense that a neutral monetary asset would succeed, or at least rise alongside, the U.S. dollar’s run. Individuals, corporations, financial institutions, and governments should gravitate toward the supreme cryptocurrency.
And that supports a much higher price a decade from now, with the upside even bigger on a longer time horizon. With Bitcoin trading 40% off its peak, at a price that’s under $80,000 right now, investors have the opportunity to buy what could end up being the dominant financial instrument in the economy one day.
Should you buy stock in Bitcoin right now?
Before you buy stock in Bitcoin, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $524,786!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,236,406!*
Now, it’s worth noting Stock Advisor’s total average return is 994% — a market-crushing outperformance compared to 199% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of April 19, 2026.
Neil Patel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy.
Crypto
Arthur Hayes Warns Bitcoin May Stall Until Liquidity Returns
Key Takeaways:
- Arthur Hayes ties bitcoin’s outlook to global liquidity, with upside dependent on policy-driven liquidity.
- Geopolitics create a bearish setup as war risk, deleveraging, and AI-driven stress weigh on markets.
- Liquidity injections could lift bitcoin once credit stress forces intervention.
Bitcoin Outlook Hinges on Liquidity
Arthur Hayes’ latest market note, titled “No Trade Zone,” signals that bitcoin’s outlook is increasingly tied to global liquidity conditions rather than traditional macro indicators. On April 15, the Bitmex co-founder and Maelstrom CIO outlined a cautious stance, citing geopolitical tensions and artificial intelligence-driven economic risks as key constraints. The essay presents BTC as vulnerable in the short term but positioned to respond to future monetary expansion.
Hayes centered his outlook on monetary conditions rather than conventional valuation models. He asked, “Do you believe the quantity or the price of money is more important when valuing bitcoin?” He then answered with a direct thesis:
“I believe the quantity of money determines the price of bitcoin, not its price.”
That view underpins his broader market framework, which expects bitcoin to struggle during periods of forced deleveraging, then strengthen when policymakers expand credit. He tied that dynamic to several geopolitical outcomes involving the Strait of Hormuz, as well as to a domestic economic slowdown driven by job losses among white-collar workers. In Hayes’ view, those pressures could hit credit quality, weigh on banks, and delay any durable crypto rally until authorities supply fresh liquidity to stabilize the system.
War Risk and Credit Stress Threaten Rally
That caution appears clearly in one of the essay’s most specific forecasts. “ Bitcoin might bounce a bit after the situation reverts to the pre-war status quo,” Hayes wrote. “However, the AI agentic deflation bomb still ticks below the surface. Until the Fed provides the liquidity needed to plug the black hole in banks’ balance sheets caused by consumer credit defaults, bitcoin will not meaningfully rise.” He further shared:
“That’s not to say it couldn’t spike to $80,000 to $90,000, but for me putting new units of fiat at risk requires an all-clear from the Fed.”
The statement shows that he still sees upside potential, but not before broader financial stress is addressed.
Hayes also warned that market stress could produce another sharp bitcoin selloff before any recovery takes hold. “As investors de-risk their portfolios because of higher volatility and lower prices, investors sell bitcoin to meet margin calls,” he described, adding: “Only when things get bad enough will bitcoin rise, as expectations of a bailout become the consensus.” In the most extreme scenario, even a liquidity-fueled rally may not last. As Hayes put it: “The rally in bitcoin, inspired by money printing, might be short-lived because the destruction of the Iranian state materially raises the prospect of WW3.” Taken together, the essay presents a conditional forecast: near-term volatility remains high, while any lasting upside still depends on crisis-era money creation.
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