TL;DR Breakdown . Cardano price moved up to $0.38 today . Price on the up since $0.35 low on May 26 . ADA next target set at $0.40 resistance Cardano price analysis shows a positive uptrend taking shape, as price over the past 24 hours rose slightly to reach up to $0.38. ADA has been trending upwards since touching the support zone at $0.35 on May 26, and inclined over 5 percent in a single day on May 28. Now, bulls will be looking at the next target at the $0.40 resistance which was last achieved a month ago on April 30. Cardano trading volume over the past 24 hours dropped around 11 percent, hinting at traders holding on at the current trend awaiting a bigger rise. ADA market cap went up at $17046,353,022. The larger cryptocurrency market shows minor uptrends across the board from yesterday’s prices, with Bitcoin rising up to $27,800, and Ethereum moving up to $1,900. Among leading Altcoins, Ripple is the biggest winner, having moved up to $0.52 with a 8 percent rise. Dogecoin price stayed…

TL;DR Breakdown Polkadot price analysis is bullish today. The strongest resistance is present at $5.49. The strongest support is present at $5.43. Polkadot price analysis reveals a relatively upbeat approach today; the price has gained most of its lost value. In recent days, there has been a noticeable surge in the prevailing market sentiment favoring the cryptocurrency DOT (Polkadot), resulting in a substantial appreciation of its value. Specifically, on May 29, there was an abrupt increase in its price from $5.39 to $5.55. This positive momentum continued throughout the day, culminating in a peak value of $5.42. On May 31, 2023, the price of DOT reached significant heights, attaining a pinnacle of $5.53 and maintaining this elevated level for the entire day. Presently, the price of the cryptocurrency demonstrates relative stability, fluctuating around the $5.45 mark. As of today, the price of Polkadot (DOT) stands at $5.45, with a 24-hour trading volume of $201.18M. It has a market capitalization of $5.38B, representing a market dominance of 0.46%. Over the past 24 hours, the DOT price has experienced a decrease of -0.50%….

TL;DR Breakdown Cryptocurrency exchange Bybit announces suspending its products and services in Canada, citing recent regulatory developments. Bybit’s decision follows similar moves by other exchanges, including Binance, as they navigate the challenging regulatory landscape in Canada. While exchanges like Coinbase remain committed to the Canadian market, Bybit joins the platforms that pause operations due to new guidelines requiring approval and due diligence checks for crypto asset trading platforms. Cryptocurrency exchange Bybit has decided to pause its products and services for residents and nationals of Canada, citing recent regulatory developments in the country. The move follows the footsteps of other exchanges, including Binance, that have exited the Canadian market due to a challenging regulatory environment. Bybit takes pause in the Canadian market Bybit stated in a blog post on Tuesday that its primary objective has always been to comply with relevant rules and regulations in Canada. However, given the recent regulatory developments, the exchange has made the difficult decision to halt the availability of its products and services temporarily. Starting from May 31, new account openings will be unavailable, while existing…

TL;DR Breakdown Liquity price analysis indicates a bearish trend. The LQTY is facing rejection at the $1.27 level. Support is still maintained at $1.23. The most recent Liquity price analysis shows a bearish trend in the market. The selling pressure seems to be dominating the market as bears have pushed LQTY prices downward. The current trading point stands at $1.25, with a 24-hour decrease of 0.64%. The bulls were in control earlier as they had pushed the price up to $1.27 for a brief period of time, but eventually faced rejection and dropped back down. The market capitalization of Liquity is $115,058,119, with a decrease of -0.66%, indicating that the bears are continuing to dominate. The trading volume has also significantly decreased by 41.57% to $10,583,233. The circulating supply of LQTY stands at 92,314,488. LQTY/USD 1-day price chart: Cryptocurrency value depreciates below $1.30 The one-day Liquity price analysis shows that the price has been following a decreasing trend for the past few weeks, with the strongest correction observed on the previous day. However, bears tried to lower the price further…

TL;DR Breakdown Tayyip Erdogan won the 2023 Turkish presidential election but the Turkish Lira collapsed with his incoming. Market analysts predict that Lira will hit a new record low of 23 against the dollar by the end of the second quarter, and by the start of next year, it may reach a low of 25. After incumbent Recep Tayyip Erdogan won the 2023 Turkish presidential election, the Turkish Lira fell sharply and hit a new low against the US dollar. Brendan McKenna, a specialist in developing markets and foreign exchange at Wells Fargo, spoke pessimistically about the currency due to Erdogan’s victory. In the upcoming months, McKenna expects the Lira to reach new lows as it continues to depreciate. Erdogan retains office and the Turkish ucrrency hits new lows  As incumbent Recep Tayyip Erdogan won the 2023 presidential election, extending his authority into a third decade in office, the Turkish currency plunged to a new record low. Around 11 a.m. local time on May 30, the exchange rate reached 20.0608 to the US dollar, exceeding a low from the previous…

TL;DR Breakdown Binance CEO says that buying a conventional bank won’t solve the crypto industry debanking problems Changpeng Zhao points out that buying a bank does not give the new owner free rein. Zhao emphasizes the significance of mutual regulatory clarity and comprehension between the crypto business and traditional banking institutions. Binance CEO Changpeng Zhao (CZ) has voiced concerns about the company’s plans to acquire traditional financial institutions. He said that issues including complex regulations and high capital requirements influenced the choice. CZ highlighted that Binance is likely to pursue something other than the acquisition of banks as a response to the growing worry over crypto firms being debanked, including Binance’s operations in Australia. Binance’s CZ gives voice to the crypto banking problems Concerns have come up regarding the shrinking number of crypto-friendly institutions in light of the recent collapse of major U.S. banks. Silvergate, Silicon Valley Bank, and Signature Bank are some formerly supportive banks that have cut ties with the crypto business. Similarly, Binance Australia got hampered when its payment supplier withdrew support, halting the availability of AUD…

TL;DR Breakdown The price of bitcoin dropped significantly by almost $6000 on Binance Australia on May 30, causing worries across the crypto market. Binance has been up against legal actions and announced in April that it would shut down its Australian derivatives division. The Australian regulatory investigation was the result of an ostensibly accidental compliance problem. The price of bitcoin dropped significantly by almost $6000 on Binance Australia, a significant crypto exchange on May 30. Trading activity indicated a strong willingness to sell, driving the price of bitcoin on Binance Australia down to $22,000 from $28,000 on the local exchange, BTC Markets. Market watchers have taken notice of this dramatic price discrepancy. Bitcoin prices plummet on Binance Australia, triggering trader panic In an indication that users were looking to exit their positions immediately, bitcoin prices on Binance’s Australian branch, a major crypto exchange, were about $6000 lower on May 30. The cost of bitcoin, the most popular crypto in the world, was about $22,000 on Binance Australia compared to $28,000 on the Australian crypto exchange BTC Markets. The price of…

TL;DR Breakdown Bitcoin Ordinals have topped 10 million inscriptions after  Casey Rodarmor resigned. Bitcoin supporters have criticized the practice of inscribing assets on the network as being wasteful and inefficient, particularly in terms of block space. Ordinal supporters claim that BRC-20 tokens are the next big thing. Shortly after founder Casey Rodarmor resigned as caretaker, Bitcoin Ordinals, a popular way to create assets on the blockchain, have topped 10 million inscriptions, marking a significant milestone. Over 25,000 Bitcoin-based tokens have been generated, which furthered the rise once the BRC-20 token standard was introduced. Founder Resigns as Bitcoin’s Ordinals Project Custodian Shortly after its founder, Casey Rodarmor, resigned as the project’s custodian, Bitcoin Ordinals reached a new milestone by surpassing 10 million inscriptions on the BTC network. Casey Rodarmor announced on Twitter on May 28 that he was resigning as the project’s lead maintainer because he could not give Bitcoin Ordinals the attention it required. Coder Raphjaph, who uses the alias Rodarmor, was given the position. The Ordinals protocol was launched in January and quickly became the most well-liked method of…

TL;DR Breakdown ChatGPT, OpenAI’s advanced language model, has speculated about the future of Vitalik Buterin, a renowned figure in the crypto industry. One prediction suggests the Ethereum founder may develop an eco-friendly teleportation device called “Etherportation,” which combines blockchain technology and quantum mechanics to revolutionize transportation. ChatGPT also proposes that he might delve into the world of music, collaborating with artists and tech experts to create a neural interface allowing individuals to compose music directly from their thoughts. The future of Vitalik Buterin, the ingenious crypto maven, is an enigma that many have pondered. Recently, a riveting dialogue with OpenAI’s advanced language model, ChatGPT, gave us a glimpse into the visionary paths that may lie ahead for Buterin, and what fascinating revelations they turned out to be. Buterin’s quantum leap ChatGPT, renowned for its insightful predictions and engaging narratives, started off by highlighting an unexpected venture that Buterin might embark on: developing an eco-friendly teleportation device. Yes, you read it right. The keyword here is ‘Etherportation,’ a term that resonates with Buterin’s iconic creation, Ethereum. The crux of this concept…

TL;DR Breakdown Avalanche price analysis shows a bearish market sentiment. AVAX is trading at $14.46, down by 0.14% in the past 24 hours. Support and resistance levels are at $14.38 and $14.72, respectively. Avalanche price analysis highlights a bearish trend, with the price dropping to a low of $14.46 in the past 24 hours. This marks a decrease of 0.14% from its previous close of $14.48, indicating a selling sentiment among investors. The momentum is expected to extend further as the market trades in red territory. The resistance and support levels for Avalanche are placed at $14.72 and $14.38, respectively. The current trend is gaining momentum, and it is likely that the price will continue to dip as long as it trades below $14.72. A slight increase in prices may be expected above the support level of $14.38, which suggests a potential upside for investors who buy now and hold for the long term. Avalanche price analysis 24-hour chart: AVAX/USD bears take control The 24-hour chart for Avalanche price analysis shows that the bears have taken control of the market….