Bit Digital (Nasdaq: BTBT) is deepening its strategic pivot toward Ethereum, announcing a $67.3 million direct share offering with proceeds designated for additional ETH purchases. This article is from Theminermag, a trade publication for the cryptocurrency mining industry, focusing on the latest news and research on institutional bitcoin mining companies. The company said Monday that […]

Bit Digital Eyes $67.3M Raise to Expand Ethereum Holdings in Continued Treasury Shift

Crypto analyst Scrambler has drawn attention to a bullish pattern that is 
forming for the Cardano price, which could lead to a massive breakout for the 
altcoin. The analyst noted that ADA might be repeating, with market conditions 
mirroring the ones that led to an all-time high (ATH). Cardano Prices Eyes 
285% Rally To New Highs In a TradingView post, Scrambler predicted that the 
Cardano price could soon record a 285% rally to reach $2.05. He noted that the 
285% potential move mirrors ADA’s past rally from similar conditions. The 
analyst added that if market sentiment continues improving and the Bitcoin 
price holds above key levels, then the altcoin might repeat history. Related 
Reading: Cardano Price Shows Seller Exhaustion Above $0.57 — Bullish 
Divergence Signals Rally Further commenting on the Cardano price action, 
Scrambler stated that ADA is showing a major breakout from a long-standing 
descending channel on the daily timeframe. He highlighted the structure, 
alluding to a downtrend channel that has been respected for around seven 
months. He also noted that a breakout has been confirmed with a strong bullish 
daily candle. Meanwhile, price is hovering around $0.7192, above previous 
resistance. Scrambler stated that the support levels for the Cardano price are 
$0.60 and $0.5299. The resistance and long-term targets are $0.8158, $1.0876, 
$1.3159, and $1.8958. Meanwhile, the ultimate target is the Fibonacci 
extension above $2.76. The analyst stated that a pullback to between $0.60 and 
$0.66 could offer re-entry opportunities. Regardless of what happens to the 
Cardano price in the short term, Scrambler remains bullish in the long term 
and expects ADA to reach new highs. The analyst also advised market 
participants to watch for the BTC/ETH correlation. It is worth noting that ADA 
has shown impressive strength amid this recent crypto market rally. The 
altcoin has risen by over 25% in the last seven days, despite a recent 
pullback. ADA To Breakout Against Its BTC Pair In an X post, crypto analyst 
Sebastian stated that the ADA/BTC chart appears to be ready for a breakout. 
The analyst added that this is the most important breakout that market 
participants want to see, with the Cardano price separating itself from the 
Bitcoin price. Once that happens, the altcoin is likely to outperform the 
flagship crypto during that period. Related Reading: Cardano Founder Announces 
$100 Million Bitcoin Buy In Shocking Move To Prop Up ADA Price Sebastian had 
earlier noted how Bitcoin’s dominance could be breaking down. Based on this, 
he remarked that alcoins like Cardano are about to rally if this happens. A 
break in Bitcoin’s dominance could usher in altcoin season, which is bullish 
for the Cardano price. In the meantime, ADA’s performance still hinges on 
BTC’s performance. At the time of writing, the Cardano price is trading at 
around $0.72, down almost 4% in the last 24 hours, according to data from 
CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

A Breakout To Remember: Cardano Price Mirrors Market Conditions That Led To $3.10 ATH

Gold continued its selling pressure in the first half of the previous week and 
shifted to buy aggressively in the remainder of the week. The weekly close 
over the $3357 mark was bullish, and this week we can look for…

XAUUSD weekly forecast: gold brushes off sellers and shifts to buying again?

Republicans are planning to hold votes on three pieces of crypto-related 
legislation, but it’s unclear if they’ll be able to meet the president’s 
accelerated timeline.

Trump calls for GENIUS Act to pass Tuesday, despite reports of later vote

JPMorgan&#8217;s exploration of stablecoin technology highlights the banking 
sector&#8217;s adaptation to fintech innovations and regulatory shifts.
The post JPMorgan CEO Jamie Dimon questions stablecoin utility but confirms 
bank will actively explore the technology appeared first on Crypto Briefing.

JPMorgan CEO Jamie Dimon questions stablecoin utility but confirms bank will actively explore the technology

U.S. authorities have closed investigations into crypto-betting platform 
Polymarket, signaling a regulatory shift under the Trump administration. 
Bloomberg reports that the U.S. Department of Justice (DOJ) and Commodity 
Futures Trading Commission (CFTC) formally notified Polymarket this month that 
their probes into the prediction market are ending. The investigations, which 
intensified late in the Biden administration, […]