Cryptocurrency news april 22 2025
In ADA’s case, Daily Active Addresses fell to 23,644 on Tuesday from 35,696 on May 14, extending a downtrend that started in early March. This indicates that demand for ADA’s blockchain usage is decreasing, which doesn’t bode well for Cardano’s price https://vege-chandra.info/table-games/blackjack/real-money/.
This aside, Cardano’s prospects are enhanced by other aspects, such as introducing an ADA Exchange-Traded Fund (ETF). A recent Crypto News Flash report suggests that the prediction platform Polymarket now offers a 55% probability of a Cardano ETF being approved by the end of 2025, up a 45% bet from a similar bet placed earlier this year.
Cardano’s development is backed by three companies: IOHK, a blockchain R&D company founded by Charles Hoskinson and Jeremy Wood; the Cardano Foundation, a nonprofit dedicated to Cardano adoption and development; and Emurgo, a venture capital firm based in Japan.
The developers’ goals for usability and utility are less well-defined compared to scalability. The roadmap’s action items for these topics are much more limited, focusing on enhancing developer tools.
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Cryptocurrency news predictions
“This development allows institutional investors to gain market share and instills confidence that cryptocurrency can be a viable investment for everyday investors without the complexity of holding coins in a wallet,” Bedolla says.
Less than a week after an assassination attempt on Republican nominee Donald Trump on July 13, President Joe Biden announced he would not seek reelection. The Biden administration has taken a somewhat harsh stance on cryptocurrency, overseeing an ongoing regulatory crackdown on the industry. Crypto investors and experts are hopeful the new presumptive Democratic presidential nominee Kamala Harris will be less antagonistic to the crypto community than Biden has been.
While hundreds of millions of dollars have flowed into several new spot Ethereum ETFs, the Grayscale Ethereum Trust experienced roughly $1.2 billion in net outflows in its first few days of trading. Grayscale experienced similar sizable outflows from its Grayscale Bitcoin Trust (GBTC) following the launch of spot Bitcoin ETFs back in January.
“This development allows institutional investors to gain market share and instills confidence that cryptocurrency can be a viable investment for everyday investors without the complexity of holding coins in a wallet,” Bedolla says.
Less than a week after an assassination attempt on Republican nominee Donald Trump on July 13, President Joe Biden announced he would not seek reelection. The Biden administration has taken a somewhat harsh stance on cryptocurrency, overseeing an ongoing regulatory crackdown on the industry. Crypto investors and experts are hopeful the new presumptive Democratic presidential nominee Kamala Harris will be less antagonistic to the crypto community than Biden has been.
Cryptocurrency market news
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is trading above $106,000, marking a historic phase of price discovery post-halving. Momentum remains bullish with strong institutional inflows and diminishing exchange reserves. Key resistance lies at $108,400, with breakout potential toward $113,000. Support is holding at $101,300, where buyers are visibly defending dips. RSI is near overbought, suggesting short-term consolidation before the next leg up. Open interest and funding rates indicate leveraged longs building across major exchanges. Market sentiment remains highly optimistic, with forecasts targeting $120,000+ within days. Unless macro shocks disrupt momentum, Bitcoin appears to be entering a vertical accumulation phase—driven by supply crunch and institutional conviction.”
Meanwhile, according to the Avalanche Foundation, more than 30 million contracts have been deployed across all indexed Avalanche Layer-1 (L1) networks. Approximately 10 million were deployed in the past month alone, with accelerating activity across the Avalanche network.
CoinDCX Research Team noted, “The optimism around the Bitcoin price rally has increased significantly. Just before the day’s close, the token received a major bullish push, which helped it rise above $106K. The other tokens have also followed the trend, due to which the entire market has turned bullish, with the market cap rising above $3.35 trillion. Interestingly, Aave leads the top gainers with over a 20% rise, followed by Pendle & Curve DAO with 9% each and Ethereum, Maker & Chainlink with 6% to 7% each. Besides, Fartcoin drops by over 4%, the highest, while others are trying to rise above the bearish influence.”
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin is trading above $106,000, marking a historic phase of price discovery post-halving. Momentum remains bullish with strong institutional inflows and diminishing exchange reserves. Key resistance lies at $108,400, with breakout potential toward $113,000. Support is holding at $101,300, where buyers are visibly defending dips. RSI is near overbought, suggesting short-term consolidation before the next leg up. Open interest and funding rates indicate leveraged longs building across major exchanges. Market sentiment remains highly optimistic, with forecasts targeting $120,000+ within days. Unless macro shocks disrupt momentum, Bitcoin appears to be entering a vertical accumulation phase—driven by supply crunch and institutional conviction.”
Meanwhile, according to the Avalanche Foundation, more than 30 million contracts have been deployed across all indexed Avalanche Layer-1 (L1) networks. Approximately 10 million were deployed in the past month alone, with accelerating activity across the Avalanche network.
CoinDCX Research Team noted, “The optimism around the Bitcoin price rally has increased significantly. Just before the day’s close, the token received a major bullish push, which helped it rise above $106K. The other tokens have also followed the trend, due to which the entire market has turned bullish, with the market cap rising above $3.35 trillion. Interestingly, Aave leads the top gainers with over a 20% rise, followed by Pendle & Curve DAO with 9% each and Ethereum, Maker & Chainlink with 6% to 7% each. Besides, Fartcoin drops by over 4%, the highest, while others are trying to rise above the bearish influence.”