Crypto Market Declines Marginally Even As Trading Volume Gains

Rajagopal Menon, VP, WazirX said, “Bitcoin is currently trading at $66,199, down 0.76% in the past 24 hours. Analysts warn that breaking the $65,000 threshold could trigger a further drop to $60,000 or even $48,000. Despite the dip, there’s been a surge in buying activity, marking the second-largest spike in investor interest in Bitcoin in the last two months.”He further mentioned, “Dogecoin is at a critical price junction, currently trading at $0.1428 after an 11.29% drop over the past week. However, recent whale activity indicates a potential turnaround. Large holders have accumulated over $129 million worth of DOGE in the last seven days. This surge in whale accumulation suggests growing confidence, potentially driving bullish momentum despite the recent downturn.”He added, “Crypto analysts believe Cardano (ADA) could rise to $3 this year, citing key developments like partnerships, the upcoming Chang Hard Fork, new dApps launching, and the unlocking of 1.5 billion tokens for marketing. Despite ADA’s current poor performance, these factors paint a bullish picture. ADA is currently trading at $0.41, down over 2.15% in the last 24 hours.”

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