Bitcoin, Kucoin & Cardano – American Wrap 26 March

Bitcoin (BTC) price in a measure of strength has recovered from the $62,000 range, reclaiming the $69,000 threshold after suffering the aftermath of a slowdown in inflows from spot BTC exchange-traded funds (ETFs). Will the bullishness sustain itself, or is the pioneer cryptocurrency preparing markets for yet another buying opportunity?

After settling its case against Binance Exchange, the US Department of Justice (DoJ) is going after KuCoin Exchange and its executives for violating Bank Secrecy Act and unlicensed money transmission offenses.

Cardano price is currently trading in a tight range between the March 14 peak of $0.8104 and March 20 low of $0.5689. On-chain data shows that Cardano’s large wallet investors reduced their activity on ADA network and likely took profits on their holdings. 

Cardano

 


Facebook
Twitter
LinkedIn
WhatsApp
Email