Bitcoin, Cardano & dYdX — Asian Wrap 30 January

Bitcoin (BTC) price recovers above $43,000 on Tuesday after its recent correction, which led to a fall from a two-year high of $48,969 to a low of $38,555. 

Cardano (ADA) price is confronting a formidable barrier as it attempts a recovery rally. It joins the broader crypto market which is  trying to recover from a steep crash. According to analysts from behavior aggregator Santiment, large holders may have something to do with the ADA move north with on-chain metrics to show for it. 

DYDX price is making another comeback that could lead to handsome gains if it is successful. Investors need to watch out for the 12-hour momentum indicators, which clearly signal an imminent explosive upward move for the altcoin. 


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