The post Cardano (ADA) Intraday Golden Cross Rejected, Fails to Shift Daily Trend appeared on BitcoinEthereumNews.com. Digital assets fell on Thursday as the cryptoThe post Cardano (ADA) Intraday Golden Cross Rejected, Fails to Shift Daily Trend appeared on BitcoinEthereumNews.com. Digital assets fell on Thursday as the crypto

Cardano (ADA) Intraday Golden Cross Rejected, Fails to Shift Daily Trend

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Digital assets fell on Thursday as the crypto market reeled from an overnight sell-off. The declines came alongside a sharp drop in U.S. equities and precious metals, with Nasdaq 100 futures trading down.

Futures open interest fell 3.5% to $108 billion as funding rates turned negative, with traders increasing short positioning.

At the time of writing, ADA was down 6.06% in the last 24 hours to $0.2584. Cardano’s price drop comes amid a golden cross on its hourly chart.

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The 50 MA crossed above the 200 MA on the hourly chart, indicating a golden cross — a surprising setup despite the price drop. 

ADA/USD Hourly Chart, Image By: TradingView 

The Cardano price fell despite a golden cross, trapping bulls. ADA spot trading volume has fallen 18% in the last 24 hours as traders stay on the defensive.

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Across the broader crypto market, crypto positions worth $253 million were liquidated, with longs liquidations accounting for the majority at $203 million, while shorts came in at $50 million. 

Bulls trapped?

Most cryptocurrencies still remain in a price range that has continued since early February despite multiple attempts to break out to the upside.

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Cardano holders who bought in the past year are sitting on average losses of about 43%, putting the cryptocurrency in an on-chain “opportunity zone” that might foreshadow a price recovery.

Derivatives data show ADA funding rates at their most negative since June 2023, indicating a heavily crowded short trade that might see a potential short squeeze rather than further declines. 

In positive news, Monument Bank, a regulated U.K. challenger bank, announced plans to tokenize up to £250 million of retail customer deposits on the Midnight network, a privacy-focused blockchain built on Cardano.

Many believe this marks one of the first uses of a public blockchain for retail deposit tokenization by a regulated bank.

Source: https://u.today/cardano-ada-intraday-golden-cross-rejected-fails-to-shift-daily-trend

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BitcoinWorld Lovable AI’s Astonishing Rise: Anton Osika Reveals Startup Secrets at Bitcoin World Disrupt 2025 Are you ready to witness a phenomenon? The world of technology is abuzz with the incredible rise of Lovable AI, a startup that’s not just breaking records but rewriting the rulebook for rapid growth. Imagine creating powerful apps and websites just by speaking to an AI – that’s the magic Lovable brings to the masses. This groundbreaking approach has propelled the company into the spotlight, making it one of the fastest-growing software firms in history. And now, the visionary behind this sensation, co-founder and CEO Anton Osika, is set to share his invaluable insights on the Disrupt Stage at the highly anticipated Bitcoin World Disrupt 2025. If you’re a founder, investor, or tech enthusiast eager to understand the future of innovation, this is an event you cannot afford to miss. Lovable AI’s Meteoric Ascent: Redefining Software Creation In an era where digital transformation is paramount, Lovable AI has emerged as a true game-changer. Its core premise is deceptively simple yet profoundly impactful: democratize software creation. By enabling anyone to build applications and websites through intuitive AI conversations, Lovable is empowering the vast majority of individuals who lack coding skills to transform their ideas into tangible digital products. This mission has resonated globally, leading to unprecedented momentum. The numbers speak for themselves: Achieved an astonishing $100 million Annual Recurring Revenue (ARR) in less than a year. Successfully raised a $200 million Series A funding round, valuing the company at $1.8 billion, led by industry giant Accel. Is currently fielding unsolicited investor offers, pushing its valuation towards an incredible $4 billion. As industry reports suggest, investors are unequivocally “loving Lovable,” and it’s clear why. This isn’t just about impressive financial metrics; it’s about a company that has tapped into a fundamental need, offering a solution that is both innovative and accessible. The rapid scaling of Lovable AI provides a compelling case study for any entrepreneur aiming for similar exponential growth. The Visionary Behind the Hype: Anton Osika’s Journey to Innovation Every groundbreaking company has a driving force, and for Lovable, that force is co-founder and CEO Anton Osika. His journey is as fascinating as his company’s success. A physicist by training, Osika previously contributed to the cutting-edge research at CERN, the European Organization for Nuclear Research. This deep technical background, combined with his entrepreneurial spirit, has been instrumental in Lovable’s rapid ascent. Before Lovable, he honed his skills as a co-founder of Depict.ai and a Founding Engineer at Sana. 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