The Cardano blockchain has witnessed a surge in trading activity over the past 
few weeks, with price data relaying this trend. Cardano&#8217;s price increase in 
the past 30 days has been more than impressive, with its price doubling within 
this period. At the time of writing, the ADA is now trading at its highest 
point so far in 2024 after breaking above the March high of $0.77. Delving 
deeper into the forces behind this rally, on-chain metrics suggest that the 
surge is being driven by strong buying momentum, particularly from large ADA 
holders. Data from the blockchain analytics platform IntoTheBlock highlights a 
noteworthy spike in large transaction volume, which today reached $22.56 
billion. This figure marks a 297% spike in large transaction volume in the 
past two weeks. Spike In Cardano Large Holder Volume The surge in Cardano&#8217;s 
large holder activity is highlighted by the &#8216;Large Transactions Volume in USD&#8217; 
metric provided by blockchain analytics platform IntoTheBlock. This metric 
captures the total value of on-chain transactions exceeding $100,000 within a 
24-hour period, offering insights into the behavior of high-net-worth 
investors and institutional participants. Related Reading: Here’s Why The 
Bitcoin Price Could Surge To $138,000 Before Recording A 30% Crash 
Interstingly, the Large Transactions Volume in USD metric recently reached 
$28.43 billion on November 16, which is its highest so far till date. Such a 
figure underscores the significant interest and heightened activity on the 
Cardano blockchain, particularly among large-scale holders who are likely 
driving much of the network&#8217;s momentum. This elevated level of activity has 
shown no signs of stopping, with the most recent data reporting $22.56 billion 
in large transactions over the past 24 hours. To provide perspective, Cardano 
began November with daily large transaction volumes hovering just below $6 
billion before experiencing a notable uptick starting November 6. What’s Next 
For ADA Price? At the time of writing, the ADA price is trading at $0.80, up 
by about 6.5% in the past 24 hours. This price point marks the highest ADA 
price since May 2022. Not just large holders; retail holders are also in on 
the trend. The ADA trading volume has surged by about 29% in the past 24 
hours, coming in at $2.31 billion. Related Reading: Bitcoin Price Forms 
Bullish Symmetrical Triangle, Crypto Analyst Says Next Stop Is $100,000 As it 
stands, Cardano is currently outperforming every other large market cap crypto 
in the past 24 hours. On-chain data and key market indicators suggest that 
this bullish momentum is likely to persist, with the next significant price 
target being a breakthrough above the psychological $1 mark. Beyond the large 
transaction metric, other metrics such as the net network growth and positive 
momentum in the futures market suggest a very optimistic outlook. Featured 
image created with Dall.E, chart from Tradingview.com

297% Spike In Cardano Large Holder Volume Suggests ADA Price Could See Another Uptrend

The US Securities and Exchange Commission (SEC) has delayed its decision on 
Franklin Templeton&#8217;s application to launch a crypto index exchange-traded fund 
(ETF) offering exposure to Bitcoin (BTC) and Ethereum (ETH) to Jan. 6, 2025. 
The SEC initially had a 45-day deadline to decide, which would have fallen on 
Nov. 22. However, under Section 19(b)(2) […]
The post SEC delays decision on Franklin Templeton&#8217;s crypto Index ETF to 2025 
appeared first on CryptoSlate.

SEC delays decision on Franklin Templeton’s crypto Index ETF to 2025

According to Eric Balchunas, the launch of the Bitcoin ETF in the United 
States was the most successful ETF launch in history.

SEC delays Franklin Templeton crypto index ETF decision

Russia announced sweeping restrictions on cryptocurrency mining across various 
regions on 19 November 202. The..
The post Russia Bans Crypto Mining In Russia-Occupied Ukraine Territories, 
Cites Energy Shortage appeared first on .

Russia Bans Crypto Mining In Russia-Occupied Ukraine Territories, Cites Energy Shortage

Some investors in defunct crypto startup BitClave will soon get their money 
back, plus interest, according to a Wednesday announcement from the U.S. 
Securities and Exchange Commission (SEC).

Cryptocurrency price in USD