Cardano remains standing while Bitcoin and Ethereum are falling fast – ‘Brekkelte

Ethereum (ETH) has now collapsed under the pressure of the falling cryptomarket. The biggest Altcoin initially seemed to keep itself fairly well, but yesterday made a hard slider. As a result, the altcoin market is in bad shape, but Cardano (ADA) is able to stand up for some reason

Bitcoin and Ethereum decrease after Trump-Putin Meeting

This morning you could already read about yesterday’s disappointing meeting between Donald Trump and Vladimir Putin. Although they both speak of ” progress ”, the market had of course hoped for a ceasefire for Ukraine. No deal has come and we see that at the rates.

If a deal had come, the market would have been very different for it now. But the positive thing is that the rates did not really fall further despite the absence of concrete results after the conversation between the world leaders.

Prior to the top meeting, the rates did fall hard. Bitcoin fell from $ 119,000 to $ 117,000 and Ethereum went from $ 4,650 to a low point of $ 4,370.

Ethereum lost 6 percent in a period of just over three hours. Since the peak of $ 4,790 dollars (from Tuesday), the Altcoin has already seen a total decrease of almost 9 percent.

At the time of writing, the Ethereum price is at $ 4,450. That is still almost 5 percent higher than this week’s opening race of $ 4,250. On the monthly graph, the price is even more than 20 percent in the plus. In that respect, there is anything but reason for panic.

Cardano gains ground opposite heavyweights

Bitcoin and Ethereum went after almost every other crypto coin yesterday afternoon with a hefty fall. Except Cardano.

The Cardano course continued to move sideways and is now even almost 1 percent higher than 24 hours ago. While Bitcoin notes a loss of 1.28 percent and Ethereum even of 4.39 percent.

It is not clear why Cardano de Storm got through so well. But it seems that there is many more beautiful things ahead. The course is in fact broken above an important downward trend line, as can be seen in the analysis below.