Crypto World
Cardano price prediction as ADA accepted at 137 Spar stores in Switzerland
Cardano’s native token ADA is drawing renewed attention after the Cardano Foundation announced that the cryptocurrency can now be used for payments at Spar supermarkets across Switzerland, marking a real-world adoption milestone for the blockchain network.
Summary
- Cardano Foundation announced that Cardano can now be used at 137 stores of SPAR in Switzerland, expanding real-world crypto payment adoption.
- ADA is trading near $0.27 after weeks of consolidation following a broader downtrend from the $0.40 region earlier this year.
- Technical indicators show weak accumulation and slightly bearish momentum, with key support around $0.26 and resistance near $0.30.
According to the foundation, customers can now pay with the Cardano token (ADA) using a crypto payment integration powered by the OpenCryptoPay gateway, allowing seamless checkout transactions in participating stores.
The rollout makes the Swiss branch of the global retail chain one of the largest supermarket networks in Europe to accept ADA payments.
The initiative reflects Cardano’s broader push toward everyday payment use cases and could help strengthen the network’s reputation as a practical blockchain ecosystem beyond decentralized finance and token speculation.
Retail adoption has historically been a positive sentiment driver for cryptocurrencies, as it signals growing real-world utility. However, the impact on price tends to depend on broader market conditions and investor demand rather than adoption announcements alone.
At press time, ADA is trading near $0.27, showing modest stabilization after a prolonged downtrend that began in early January.
Cardano price prediction after ADA payment rollout across Spar stores
The daily chart shows that Cardano has been trading in a tight consolidation range between $0.26 and $0.30 over the past few weeks following a steep decline from the $0.40 region earlier in the year.
Price is currently hovering around $0.269, with the market forming smaller candles and reduced volatility — a pattern that often precedes a breakout move.
The Accumulation/Distribution indicator, sitting near 50.66B, has been trending slightly downward, suggesting that buying pressure remains limited and that large investors have not yet begun aggressive accumulation.
Meanwhile, the Balance of Power (BOP) indicator remains marginally negative at -0.0097, indicating that sellers still hold a slight advantage in the short term.
Key levels to watch include support near $0.26, which has held multiple times since mid-February. A breakdown below this level could expose ADA to further downside toward $0.24.
On the upside, resistance sits around $0.30, with a stronger barrier near $0.32. A sustained break above these levels could signal the start of a recovery rally if bullish momentum returns to the broader crypto market.
For now, ADA appears to be in a consolidation phase, with traders watching for a catalyst — such as increased adoption or broader market strength — to determine the token’s next major move.
Key Highlights
- Bitcoin climbs to $71,926 as crypto market posts solid gains today.
- Ethereum trades above $2,099 with a 5% daily surge amid strong activity.
- XRP price rises to $1.41 as altcoins follow broader market gains.
- Solana breaks $90 with a 4% daily increase amid global optimism.
- Dogecoin jumps 6.5%, leading meme coins in today’s crypto rally.
Bitcoin Shows Strong Recovery
BITCOIN JUST HIT $74,000 🚀 pic.twitter.com/VFJ2pF2XA5
— Ash Crypto (@AshCrypto) March 4, 2026
Bitcoin, the leading cryptocurrency, is currently valued at $71,926. The coin rose by 3.8% in a single day as market confidence returned. Weekly performance shows a modest recovery of 6% despite monthly losses.
Background context shows Bitcoin experienced a multi-week slump due to global uncertainties. The coin had dipped below key psychological levels before this surge. This rebound is the first major uptick after consecutive weeks of declines.
Market observers note that Bitcoin continues to attract attention amid regulatory news. Although some experts label the gain a short-term surge, the market reaction remains positive. The coin’s resilience strengthens confidence in digital asset markets.
Ethereum Posts Gains Above $2,000
Ethereum is currently trading at $2,099, marking a daily rise of 5%. Weekly performance shows a 2.16% increase while the monthly trend remains negative at 9%. Trading volumes surged to $33.12 billion, reflecting high market activity.
The recovery follows broader crypto market improvements and optimism around regulatory clarity. Ethereum has remained one of the top-performing altcoins despite past volatility. Investors increasingly view ETH as a key asset in decentralized finance applications.
Analysts highlight that Ethereum’s network upgrades support the coin’s recovery. Strong developer activity and DeFi demand contribute to renewed interest. The altcoin remains a major driver of daily market sentiment.
XRP Rebounds to $1.41
XRP recorded a 3% daily gain, reaching $1.41 amid market optimism. Weekly and monthly performance remain slightly negative at 2.5% and 12%, respectively. The altcoin has regained momentum following earlier declines.
XRP’s recovery is influenced by easing geopolitical tensions and growing hopes for regulatory clarity. Trading activity also increased as global market sentiment improved. The coin maintains strong interest among retail and institutional participants.
Observers note that XRP remains a major player in cross-border transactions. Ripple’s ongoing partnerships support the coin’s market relevance. Market dynamics indicate potential for continued short-term gains.
Solana Climbs Above $90
Solana is trading at $90.5, reflecting a 4% daily increase and a 2% weekly gain. The token has experienced a 14% monthly decline, yet today’s surge signals market recovery. Trading volumes also indicate heightened investor interest.
The coin’s growth aligns with easing global tensions and positive market sentiment. Solana remains a leader in high-speed blockchain applications. Developers continue to expand Solana’s ecosystem, driving investor confidence.
Analysts highlight that the token’s network activity supports the recent price movements. Solana’s technical upgrades contribute to its resilience amid market fluctuations. The asset continues to draw attention as a high-growth altcoin.
Dogecoin Leads Meme Coin Gains
Dogecoin surged by 6.5% to $0.0957, outperforming other meme tokens today. Weekly and monthly performances remain negative at 4% and 11%, respectively. The coin regained traction amid broader crypto market improvements.
Dogecoin’s growth coincides with renewed optimism in retail cryptocurrency markets. Social media buzz and market sentiment continue to support price movements. Despite past volatility, DOGE remains a prominent meme-based digital asset.
Observers note that Dogecoin benefits from both mainstream interest and speculative activity. The coin’s unique appeal and community support boost daily trading momentum. DOGE remains among the most watched assets in today’s rally.
Drivers Behind Today’s Market Rally
The crypto market recovery is attributed to easing geopolitical tensions, regulatory clarity, and positive policy signals. Reports of potential US-Iran peace talks eased global uncertainty. Additional support comes from calls for passage of the CLARITY Act.
The US SEC has submitted new interpretive guidance on cryptocurrency regulation. The paper clarifies how federal securities laws may apply to digital assets. Proposals include frameworks for crypto prediction markets and broader compliance measures.
Overall, the combination of positive geopolitical signals and regulatory clarity supported gains across major cryptocurrencies. Market participants reacted swiftly, boosting trading volumes and asset prices. The rally reflects renewed confidence in the digital asset space.
The previous plans laid out by the country’s central bank indicated that it wanted to form the fund from crypto seizures.
A month after the initial reports emerged that Kazakhstan’s central bank plans to invest in cryptocurrencies, governor Timur Suleimanov provided further details today that actually differ slightly from the initial idea.
As reported by Reuters, the governor of the central bank said during a briefing on interest rates that the entity is “currently developing a list of instruments in which we will invest. This includes not only cryptocurrency itself.”
“These include shares of high-tech companies related to cryptocurrencies and digital financial assets, index funds and other instruments that exhibit similar dynamics to crypto assets.”
The report states that the portfolio of up to $350 million will be formed from other current investments, such as gold and foreign exchange reserves.
Deputy Chair Aliya Moldabekova explained that the investments will begin in April-May. However, she disclaimed that they do not plan “any large investment in cryptocurrencies,” before adding:
“We are currently selecting companies that deal with digital assets. For example, those involved in cryptocurrency infrastructure. We are currently in the process of selecting such companies.”
Reuters noted that the central bank holds over $69 billion worth of gold and foreign exchange reserves as of February 1, while its national fund held around $65 billion worth of assets.
It’s worth noting that Kazakhstan has mulled a similar fund for some time, but a previous report on the matter claimed it would also use “crypto seized by law enforcement agencies” to create a digital asset stockpile.
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The latest streak of inflows in US spot Bitcoin exchange-traded funds (ETFs) was interrupted by fresh outflows as the BTC price dipped below $71,000 on Thursday.
Spot Bitcoin (BTC) ETFs saw $228 million in net outflows on Thursday, ending the three-day inflow streak of about $1.1 billion, according to SoSoValue data.
While weekly inflows still held at $917.3 million heading into Friday’s session, year-to-date net outflows rose to around $900 million. Cumulative inflows in 2026 so far amount to $3.58 billion, while cumulative outflows total $4.49 billion.
Total assets under management remained above $90 billion after reclaiming the threshold earlier this week.
According to Farside data, BlackRock’s iShares Bitcoin Trust ETF (IBIT) led outflows with $89 million, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) at $48 million and the Bitwise Bitcoin ETF (BITB) at $46 million.
The slip in spot Bitcoin ETFs came as analysts pointed to BTC’s relief rally facing headwinds amid a persisting bear market.
Related: Bitcoin is forming a bottom as the 4-year cycle ends: VanEck CEO
According to CryptoQuant, Bitcoin’s rally above $73,000 was “likely just a relief rally” rather than the start of a new bull phase. The observation aligns with the analysts’ previous forecasts that BTC could fall below $60,000 amid the ongoing crypto winter.
Solana ETFs hold strong despite 57% price drop since launch
Negative sentiment hit altcoin ETFs, with Ether (ETH) funds posting $91 million in outflows. XRP (XRP) and Solana (SOL) also saw minor outflows of $6 million and $5 million, respectively.
Notably, Solana ETF outflows marked the first losses since early February, while year-to-date inflows have totaled roughly $200 million. In comparison, XRP has seen $86 million in inflows.
Solana’s ETFs have accumulated $1.5 billion in cumulative inflows despite a 57% drop in SOL’s price since the launch of spot ETFs in July, Bloomberg ETF analyst Eric Balchunas said in a post on X.
“Yet they managed to not only accumulate $1.5 billion in flows but not really give any of it up,” Balchunas said, adding that many institutions have increased exposure to Solana in the fourth quarter of 2025. “Both are really good signs for the future,” he added.
Magazine: Would Bitcoin really be at $200K if not for Jane Street? Trade Secrets
Crypto markets demonstrated fragility on Friday, with bitcoin trading narrowly above a psychological level of support at $70,000.
The largest cryptocurrency broke above this level on Wednesday, rising to as high as $74,000 before failing to capitalize on a lower-liquidity zone above, and falling back alongside U.S. equities.
The intensifying war in the Middle East pushed oil to a new cycle high of $85 per barrel. Brent crude has risen roughly 42% since the start of the year. The surge in energy costs, alongside growing uncertainty around Iran, has prompted traders to reassess the inflation outlook in Europe, with money markets now even pricing the possibility of a European Central Bank rate increase by year-end — a sharp reversal from expectations for rate cuts in 2025.
Higher interest rates would typically weigh on bitcoin and the broader crypto market, as investors shift toward safer assets that offer attractive yields without the volatility associated with risk assets.
The altcoin market has also shown signs of weakness over the past week according to Santiment’s social volume tracker, which indicates that social media sentiment for the speculative market is nearing rock bottom.
Derivatives positioning
- The market is consolidating as bitcoin open interest (OI) rises to $16.16 billion from $15 billion last week, indicating a return of speculative interest.
- While retail funding remains stable in the 0%-to-10% range, Binance has flipped to -2.5%, signaling a localized surge in short hedging.
- Three-month basis is holding at 2.7%, a sign that institutional conviction remains soft.
- The options market has shifted toward cautious optimism. The 24-hour call volume split has tightened to 51/49 and the one-week 25-delta skew has cooled to 8% (from 15%), significantly lowering the cost of downside protection.
- While longer-dated implied volatility (IV) remains stable near 50%, the near-term has spiked into sharp backwardation, a signal that traders are pricing in an immediate, high-impact volatility event before a return to mid-term growth.
- Coinglass data shows $257 million in 24-hour liquidations, with a 70-30 split between longs and shorts. BTC ($121 million), ETH ($51 million) and others ($15 million) were the leaders in terms of notional liquidations.
- The Binance liquidation heatmap indicates $71,600 as a core liquidation level to monitor, in case of a price rise.
Token talk
- Decentralized finance (DeFi) tokens MORPHO and JUP led Friday’s selloff, losing between 2% and 3% since midnight UTC as traders rotated out of speculative tokens back into dollars.
- OKX’s native OKB token was the top gainer in the past 24 hours, rising by 23% after trading giant Intercontinental Exchange (ICE) signed a deal with the exchange to introduce tokenized stocks and crypto futures products.
- There were also substantial gains for KITE and RIVER, each rising around 15% in the past 24 hours to continue their impressive starts to the year.
- Privacy tokens continued to lose ground with zcash (ZEC) and decred (DCR) dropping 6% in the past 24 hours and the downturn accelerating since midnight UTC.
Ripple’s stablecoin RLUSD is moving closer to a major market capitalization milestone as new token issuance continues to expand its supply. Market data shows the stablecoin currently holds a valuation of $1.58 billion.
The figure places RLUSD only slightly below the $1.6 billion mark following a fresh mint of 10 million tokens on the XRP Ledger earlier today. Consequently, the new issuance has pushed the asset closer to another growth milestone in a short period.
Stablecoin Ranks Among Largest Digital Assets
The rising valuation has strengthened RLUSD’s position within the broader cryptocurrency market. According to current market rankings, the asset now stands as the 52nd largest cryptocurrency by market capitalization.
Additionally, RLUSD has climbed to become the 12th largest stablecoin in circulation. The rapid growth reflects increased activity within Ripple’s stablecoin strategy as the company continues expanding liquidity across its network.
Dominant Stablecoins Continue to Lead Market
Despite RLUSD’s recent growth, the stablecoin market remains heavily concentrated around two major players. Tether’s USDT leads the sector with a market capitalization exceeding $183 billion.
Circle’s USDC follows with roughly $77 billion in circulation. Together, they control a large share of global stablecoin liquidity and maintain a significant lead over newer entrants attempting to build market share.
Corporate Stablecoins Compete for Market Share
Beyond the two largest issuers, several projects compete in a fragmented mid-tier market. PayPal’s PYUSD currently leads regulated corporate stablecoins with a market capitalization of about $4.19 billion.
Newer projects, including Falcon USD and Global Dollar, also sit slightly ahead of RLUSD with valuations around $1.73 billion and $1.72 billion, respectively. Moreover, these tokens highlight increasing competition among corporate-backed digital dollars.
The expansion of RLUSD has allowed the token to move ahead of several established stablecoins. The asset now ranks above Binance’s BFUSD, which holds about $1.31 billion in market value.
Additionally, RLUSD has surpassed Tron’s USDD, which currently stands near $712 million. Consequently, the stablecoin has strengthened its position among mid-tier dollar-pegged assets in the global crypto market.
February Minting Strategy Accelerates Growth
Ripple increased supply aggressively throughout February as the company pushed additional liquidity into circulation. Over roughly three weeks, the RLUSD treasury minted nearly 75 million tokens.
The activity included a 30 million token issuance on February 9, followed by another 20 million minted on February 19. Moreover, Ripple later recorded its largest single-day mint with 69 million RLUSD issued to support expanding distribution channels.
The Bank of Canada said it completed an experiment testing how tokenized bonds can move through financial markets in conjunction with a group of the country’s largest lenders.
The government’s Export Development Canada issued a C$100 million ($73 million) security with a maturity of less than three months, which was sold to a closed group of investors.
The test, known as Project Samara, also involved RBC Dominion Securities, RBC Investor Services Trust and the TD Securities division of Toronto-Dominion Bank. The group tested how bonds issued by EDC can be created, traded and settled using distributed ledger technology.
The platform, operated by RBC, supported the full lifecycle of a bond transaction. The bond was issued in tokenized form on the ledger, allowing participants to submit bids, process coupon payments, redeem bonds and trade on secondary markets through the same system.
The experiment also tested digital settlement using tokenized versions of wholesale Canadian dollars created and managed by the Bank of Canada. These digital funds moved on the same ledger as the bonds, allowing transactions to settle within the platform.
In its November budget, the federal government signaled plans to introduce legislation governing Canadian-dollar-backed stablecoins, with oversight expected to involve the Bank of Canada and rules focused on reserve backing, redemption policies and risk management.
Last month, the country’s investment regulator, CIRO, introduced a digital asset custody framework aimed at strengthening how crypto assets are held by trading platforms, tightening standards to reduce risks such as hacking, fraud and insolvency following past industry failures.
Bitcoin (CRYPTO: BTC) on-chain indicators are again drawing scrutiny as market watchers weigh the possibility of renewed accumulation. On Wednesday, exchange withdrawals surged to roughly 32,000 BTC, amounting to about $2.26 billion at prevailing prices, according to CryptoQuant data. For the week, total outflows approached 47,700 BTC — a top-tier figure over the past 12 months — with Bitfinex accounting for a sizable share, marking its largest daily outflow since June 2025. Analysts note that stablecoin flows moving into exchange wallets alongside BTC exiting venues fit a familiar pattern associated with dip-buying and repositioning into custody. While not a guarantee, the on-chain signals sketch a scenario in which institutions or large players are quietly accumulating.
Key takeaways
- Wednesday’s BTC withdrawals neared 32,000 coins, translating to roughly $2.26 billion, signaling potential large-scale buying pressure.
- Bitfinex recorded the largest daily BTC outflow since June 2025, estimated around 25,000 BTC.
- For the week through Friday, exchange netflows were negative on each trading day, totaling about 47,700 BTC, a setup some analysts consider bullish if the trend persists.
- Stablecoin activity moving to exchange wallets while BTC leaves suggests buyers are funding new positions rather than selling into the sell-side pressure.
- If netflows stay negative for another 3–5 days with no major re-entries to exchanges, the signal could qualify as “sustained accumulation,” though confirmation requires continued data.
Tickers mentioned: $BTC
Market context: The ongoing on-chain dynamics arrive amid a liquidity backdrop where traders watch risk sentiment and macro factors that influence crypto flows. Historically, sizable negative netflows indicate a reduction in immediate selling pressure on the spot market, which can support price stability or upside pressure when buyers resume activity. In this instance, the combination of large outflows and corresponding stablecoin inflows to exchanges aligns with a careful buildup rather than a rush to exit positions, underscoring how on-chain signals can precede a price response in a market sensitive to custody movements and liquidity shifts.
Why it matters
The significance of the latest data lies in the potential shift in supply dynamics. When coins depart exchanges and move toward cold storage or custodial wallets, the immediate availability of BTC for sale on spot markets contracts, which can ease selling pressure and tilt the balance toward upward price discovery if demand re-emerges. Analysts emphasize that sustained negative netflow — where more BTC leaves exchanges than re-enters — has historically coincided with periods of constructive price action, especially when accompanied by continued liquidity withdrawal from active venues.
The discussion around the anomalous 32,000 BTC outflow centers on its typical interpretation: moves associated with large spot purchases, followed by transfers to cold custody. Adler’s analysis notes that while a portion of spikes might reflect internal custody movements, the broader pattern often signals accumulation at the current price ranges. In early March 2026, a sizable liquidity inflow to exchanges — about $1.1 billion — preceded a shift in netflow dynamic, after which the net outflow eased but remained negative. The takeaway for market participants is that these sequences are not standalone events; they form part of a broader on-chain narrative about how big players manage risk, positioning, and custody as price cycles unfold.
For traders and institutions, the takeaway is to monitor whether the negative netflow persists. If the trend holds for several days, the market could be reading an elongated phase of demand absorption. Yet, even with a bullish tilt suggested by on-chain flows, price action remains contingent on broader macro cues, risk appetite, and the pace at which new buyers step in to support levels around key price anchors like $70,000. The data points themselves are descriptive — they don’t guarantee a rally — but they do illuminate where selling pressure is thinning and where buyers might be accumulating in anticipation of a future price move.
What to watch next
- Watch the next 3–5 days of net BTC exchange flows to confirm whether the negative trend persists without a substantial re-entry to exchanges.
- Monitor large transfers to cold storage or custodial services that could corroborate the hypothesis of accumulation.
- Track BTC price behavior near the $70,000 level and observe whether on-chain demand translates into sustained price support.
- Maintain awareness of additional data from CryptoQuant and CoinGlass for corroborating trends in exchange balances and netflow momentum.
Sources & verification
- CryptoQuant data on exchange netflow totals and the 32,000 BTC outflow observed on Wednesday.
- CoinGlass data confirming Bitfinex’s outflow magnitude and the weekly netflow pattern.
- Axel Adler Jr.’s analysis linking the spike to potential large spot purchases and custody movements.
- Related charts and analytical notes referenced in the article, including the linked external analysis pages.
On-chain signals point to a large BTC accumulation as exchange outflows spike
Bitcoin (CRYPTO: BTC) on-chain signals are again in focus as a wave of exchange withdrawals adds a layer of intrigue to market positioning. The data trail points to a notable transfer dynamic: a substantial portion of BTC was moved off exec-friendly venues on a single day, with Bitfinex at the center of the action. The near-32,000 BTC outflow on Wednesday stands out even within a week of elevated activity, and it coincides with stablecoin flows that move in step with the BTC exodus. Taken together, the indicators align with a familiar playbook in which buyers signal their intent by removing coins from exchanges and placing them in custody, potentially positioning for a liquidity-constrained move higher.
The analysis cites two pivotal observations: first, the single-day outflow magnitude around 32,000 BTC, and second, the week’s cumulative outflows near 47,700 BTC — figures that mark a notable milestone in the last year’s on-chain activity. The heavy involvement of Bitfinex, recorded as the exchange with the most pronounced outflow on the day, underscores the role of large venues as conduits for significant repositioning. In early March 2026, a separate liquidity event — a green bar representing roughly $1.1 billion in inflows to exchanges — was followed by a shift in netflow readings, moving to a negative but less extreme level as market participants reassessed risk and liquidity posture. The sequence implies a potential end-to-end cycle: exchanges see inflows or outflows, funds move to custody, and then the market adjusts to a thinner spot supply.
Analysts emphasize a key caveat: the observed spike is an anomalous one-day signal that warrants confirmation over several days of data. As Adler notes, the association between such spikes and large transfers to cold storage is common, but not universal. The larger question is whether the ongoing pattern of negative netflows can endure long enough to qualify as sustained accumulation. If the netflow remains negative for three to five more days without a surge of coins returning to exchanges, market observers will treat the trend as a reinforcing bullish signal — one that suggests demand is outweighing selling pressure at a time when liquidity dynamics are being recalibrated by custodial movements and macro sentiment.
On the price front, the narrative remains tethered to a price environment around $70,000, where buyers historically have shown resilience during episodes of improved on-chain conviction. While the data points do not guarantee an immediate uplift, they contribute to a broader chorus of signals that influence risk appetite and liquidity provisioning across spot markets. For investors, the takeaway is not certainty but a nuanced view: on-chain behavior is supporting a case for cautious optimism, contingent on continued outflows and the absence of a rapid re-entry of coins to exchanges.
For readers following the story closely, the implication is clear: the market is watching on-chain signals as a proxy for demand and supply. The presence of large outflows from exchanges, together with stablecoin inflows into exchange wallets, underscores a demand-side readiness among buyers who may be quietly building positions in anticipation of a future price move. The ongoing conversation around custody, liquidity, and risk sentiment will likely be amplified as data from CryptoQuant and CoinGlass continue to illuminate how these patterns evolve in the days ahead. The eventual confirmation or refutation of sustained accumulation will hinge on the persistence of negative netflows and the absence of renewed exchange-based selling pressure.
Crypto World
Cardano (ADA) Price Analysis: Bearish Momentum Dominates Despite Positive Macro Signals
TLDR
- Cardano is hovering near $0.27, facing critical resistance at a descending trendline around $0.28 that has consistently rejected upward moves
- Futures open interest has declined to $462 million, and the long-to-short ratio of 0.79 reflects dominant bearish sentiment
- Price action remains significantly below the 50-day and 100-day EMAs, both positioned above the $0.30 mark
- The Relative Strength Index stands at 46, below the neutral threshold, indicating limited momentum strength
- Manufacturing PMI has climbed to 52.4%, marking the third straight monthly gain in a 40-month period—a pattern historically linked to ADA rallies
Cardano (ADA) continues to trade around the $0.27 level this Thursday, March 6, as the cryptocurrency tests a critical descending trendline positioned near $0.28. This technical barrier has proven formidable in recent sessions, rejecting price advances and maintaining its role as the primary short-term obstacle.
Futures market data reinforces the bearish narrative. Open interest in Cardano futures contracts has contracted to $462 million, marking a steady decline since the middle of January.
When open interest decreases while price action remains stagnant or declines, it typically indicates waning trader participation and reduced market conviction.
CoinGlass data shows the long-to-short ratio currently at 0.79—approaching its lowest reading in more than 30 days. This metric reveals that short positions outnumber long positions, confirming that market participants are predominantly betting on further price declines.
From a technical perspective, ADA remains substantially below both its 50-day and 100-day Exponential Moving Averages, which are clustered above the $0.30 threshold. This distance underscores the prevailing downtrend that has gripped the asset.
The daily Relative Strength Index registers at 46. Though it has rebounded from oversold conditions, the indicator remains beneath the 50 centerline, signaling that bullish momentum has yet to establish itself convincingly.
The MACD indicator shows marginally positive readings, but the histogram displays minimal movement. This configuration suggests consolidation rather than the emergence of a definitive trend reversal.
Key Price Levels to Watch
Looking at resistance zones, the immediate hurdle lies at the descending trendline near $0.28. A more formidable barrier exists at $0.32, where the downward-sloping EMAs also intersect.
A sustained daily close above $0.32 would be necessary to invalidate the current bearish framework and signal potential trend change.
On the downside, support is established at $0.26, with a secondary floor at $0.24. Should ADA breach the $0.24 level, it would likely trigger additional selling pressure.
Under current conditions, ADA appears poised to remain range-bound between $0.26 and $0.29 absent a significant market catalyst.
Macro Indicator Points to Possible Shift
Bitcoin recently broke through the $73,000 barrier, reaching a one-month peak, yet ADA failed to capitalize on this momentum. The altcoin registered only modest gains and couldn’t sustain a close above the prior session’s high.
Crypto analyst Dan Gambardello has highlighted the manufacturing Purchasing Managers Index (PMI) as a potentially significant indicator for Cardano’s medium to long-term trajectory.
The PMI, which measures manufacturing sector vitality, currently registers at 52.4%. This marks the third consecutive monthly advance over a 40-month timeframe.
Gambardello emphasizes that historical PMI expansion periods have frequently coincided with bullish cycles for ADA price performance.
The present configuration also bears resemblance to the 2019 correction phase, during which ADA experienced red monthly candles in six out of seven months before staging a substantial recovery.
Quantitative tightening concluded in December 2025. According to Gambardello, this development coupled with an ascending PMI creates a macro environment similar to the conditions that preceded Cardano’s previous significant price rally.
Cardano is now experiencing its sixth consecutive monthly decline following a negative February close.
TLDR:
- KuCoin froze a Canadian user’s account in July 2025, citing a system anomaly after a large withdrawal.
- The exchange publicly stated the account was deleted and funds were withdrawn months before the viral post.
- Adil shared screenshots on X countering KuCoin’s claim that no active case or frozen balance exists.
- KuCoin has asked the account owner to re-engage through official support channels for further review.
A public dispute has erupted between KuCoin and a Canadian crypto user over nearly $2.8 million CAD in allegedly frozen funds. The account holder, represented publicly by his cousin Adil on X, claims the money has been inaccessible since July 2025.
KuCoin pushed back on the claims directly via its official X account, stating the case was resolved months ago. The two sides now offer sharply conflicting accounts of the same situation.
KuCoin Froze Account After Large Withdrawal, User Claims
The trouble began on July 16, 2025. According to Adil’s post on X, his cousin made a large withdrawal, which triggered what KuCoin described as a “standard precautionary review.” The account was then frozen.
The user submitted KYC documentation, bank statements, and sources of wealth. KuCoin eventually told him, via email, that a “system anomaly” caused the hold. The exchange indicated each trade would need manual review before funds could be released.
The process dragged on for months. Adil says the communication became a cycle of delays, with each response pushing the timeline further. He described the experience as mentally draining for his cousin.
When the user turned to social media for help, KuCoin moderators publicly denied the issue existed.
Adil also claims the exchange threatened action against his cousin for submitting “inaccurate details,” even though private email communication acknowledged a system error on KuCoin’s end.
KuCoin Says Account Was Deleted and Funds Were Withdrawn
KuCoin responded publicly on X with a direct rebuttal. The exchange stated the UID referenced in the case was deleted roughly six months ago. According to KuCoin, the support ticket had been resolved and closed before the deletion occurred.
KuCoin also said the withdrawal connected to the ticket was completed successfully. The account, it claimed, held no assets when it was deleted.
The exchange cited privacy and security policies, noting its team can only discuss account details with the verified account holder. It invited the actual owner to contact support through the registered email if new information existed.
Adil rejected that response on X. He called it gaslighting and attached screenshots of past communications to support his claims.
He acknowledged sharing limited information publicly due to privacy concerns but maintained the account holder had been reaching out since July through proper channels.
Adil confirmed the account owner would continue contacting KuCoin via direct message, email, and other channels. He said he hoped the case could be located and resolved in good faith.
TLDR:
- Vancouver city staff found Bitcoin is not an allowable investment asset under the Vancouver Charter.
- Mayor Ken Sim’s November 2024 motion sought to protect city reserves from inflation using Bitcoin funds.
- British Columbia’s Ministry of Municipal Affairs cited undue risk in barring local governments from holding crypto.
- Bitcoin dropped nearly 50% from its all-time high of $126,000, reinforcing provincial caution over crypto holdings.
Vancouver city staff has recommended that the city council rescind a motion to establish a Bitcoin reserve. A legal review concluded that cryptocurrency does not qualify as an allowable investment asset under provincial law.
Vancouver Charter Bars Bitcoin as a Reserve Asset
A formal report was recently submitted to the Vancouver City Council by city staff. The document outlined a clear recommendation to scrap the reserve motion entirely.
Staff determined that the Vancouver Charter does not permit Bitcoin as an investment vehicle for the city. The Charter is the provincial statute governing city operations in British Columbia.
The report was direct in its conclusion. “Staff has conclusively determined that under the Vancouver Charter, Bitcoin is not an allowable investment asset for the City, and therefore recommends that this work be concluded,” the document stated.
Beyond the legal issue, staff also pointed to the need to reprioritize internal resources. Coordination with other ongoing city programs further supported the recommendation to end this work.
The Ministry of Municipal Affairs of British Columbia had previously addressed this matter directly. The ministry confirmed that local governments across the province are barred from holding cryptocurrency in reserve.
Officials cited exposure to undue risk as the core concern behind this restriction. That position from the province aligned closely with the findings in the staff report.
The Vancouver City Council had formally approved the motion in December 2024. Staff received direction to assess the proposal’s feasibility and return with findings by Q1 2025.
Despite the deadline passing, no report was publicly released until earlier this week. The delay raised questions about the transparency of the review process.
Mayor’s Bitcoin Initiative Faces Legal and Financial Setbacks
The motion was originally brought forward in November 2024 by Vancouver Mayor Ken Sim. It aimed to diversify the city’s financial reserves and shield its purchasing power from inflation.
Sim openly called Bitcoin “the greatest invention in human history” while presenting the proposal. That statement drew both widespread attention and scrutiny from various observers at the time.
As part of the broader initiative, Sim pledged to personally donate $10,000 worth of Bitcoin to the city. The proposal also sought to allocate a portion of municipal funds directly into the cryptocurrency.
The stated purpose was to protect the city’s finances against inflation and long-term market volatility. However, those ambitions have now been formally halted by legal constraints.
Bitcoin’s recent price history added another layer of concern to this debate. Since late 2024, the cryptocurrency reached an all-time high exceeding $126,000 before falling sharply.
It declined nearly 50%, dropping to lows near $63,000 over roughly four months. That level of volatility strengthened the provincial government’s caution about municipal crypto holdings.
At the time of reporting, Bitcoin was trading at approximately $70,534. The sharp price movements since late 2024 reinforced concerns from both city staff and provincial authorities.
The staff report, backed by the Vancouver Charter, appears to mark the end of the city’s crypto reserve ambitions.
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