The rally also triggered a wave of liquidations among overleveraged short traders, marking another volatile start to the week across digital asset markets.

Altcoins Follow Bitcoin’s Lead: ETH, SOL, and ADA Surge

After fluctuating between $108,000 and $111,000 last week, Bitcoin regained momentum late Saturday. U.S. Secretary of State Bessent hinted at progress in trade talks with Beijing, suggesting that a deal could be announced after this weekend’s leaders’ summit in Europe. The news instantly boosted risk appetite across markets.

BTC quickly broke above $112,000 and $113,000, and as Asian traders came online, the rally extended past $115,000.

Altcoins mirrored the move, with strong gains across the board:

• Ethereum (ETH) climbed over 7%, trading above $4,200.

• Solana (SOL) gained 5.5%, reclaiming the $200 level.

• Cardano (ADA) rose 4.7%, nearing $0.70.

• Zcash (ZEC) surged over 24%, leading the altcoin market.

This broad-based recovery signals growing confidence and renewed bullish sentiment across crypto markets.

$370 Million in Liquidations as Shorts Get Squeezed

The rapid upswing in Bitcoin and major altcoins dealt a heavy blow to short-term leveraged traders. Data from CoinGlass shows that over $370 million in positions were liquidated within 24 hours, affecting nearly 110,000 traders globally.

Despite the shakeout, analysts say that if Bitcoin can hold above $115,000, the market could see the early stages of a new bullish breakout. This potential shift in sentiment has sparked discussions about whether a new all-time high could be on the horizon.

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The post Bitcoin Price Hits $116K: Crypto Market Surges Past $4 Trillion appeared first on Coin Engineer.

Coinbase Files for Approval to Launch Cardano and Natural Gas Futures Contracts

Coinbase has filed for regulatory approval to launch Cardano (ADA) and Natural Gas (NGS) futures contracts. This move aims to expand the company’s offerings in both the energy and crypto derivatives markets.

Coinbase’s futures platform, Coinbase Derivatives, submitted a self-certification request to the CFTC for ADA and NGS futures contracts. The submission is considered a declaration of compliance with regulations and will allow the contracts to be launched quickly, unless the CFTC raises objections.

If approved, the ADA and NGS futures contracts are expected to go live by March 31. This is part of Coinbase’s strategy to provide investors with comprehensive trading options by combining both crypto and traditional futures markets.

Cardano, known for its focus on scalability, sustainability, and security, is supported by the growing DeFi, NFT, and enterprise blockchain solutions. As a result, it holds significant potential as a new product on Coinbase’s futures platform. ADA futures contracts will allow investors to trade without exposure to Cardano’s price movements, opening up new opportunities for risk management and leveraged trading strategies.

After Coinbase’s announcement, the price of ADA surged by 2% to $0.75.

Coinbase’s Natural Gas Futures and Crypto ETF Approval Strategy

The Natural Gas futures offering will make Coinbase more competitive in the energy trading sector, aiming to rival traditional energy futures exchanges. Natural gas, a critical energy resource for the global economy, makes this product a strategic move for Coinbase.

The SEC has been cautious about approving crypto ETFs, but offering futures contracts provides a regulated framework for price discovery and risk management. This could potentially influence the SEC’s future stance on crypto ETFs and increase the likelihood of approval.

Grayscale Investments is currently the only company to have filed for a spot Cardano ETF. This filing, made through NYSE Arca, proposes to list and trade shares of the Grayscale Cardano Trust on the exchange.

The SEC has postponed its decision regarding Grayscale’s spot ADA ETF filing and extended the review period for other crypto ETFs.

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Why is Cardano Price Falling?

According to TradingView data, ADA entered a downtrend from $0.363 on November 2, and fell to $0.328 on November 3. ADA is trading at $0.332, down 2.7% in the last 24 hours.

Might interest you: What is BabyDoge?

Weakening Onchain Cardano Metrics

Artemis data suggests that the decline in the ADA price coincides with the decline in investor interest and liquidity in Cardano. According to Artemis Terminal, ADA’s daily decentralized exchange (DEX) trading volume fell from $4.2 million on October 31 to $1.83 million on November 3, the lowest level since mid-October.

During this period, Cardano’s overall daily trading volume decreased by 51%, from approximately $545 million to $361 million. Additionally, DefiLlama data shows that the total value locked (TVL) on the Cardano network fell from $248.6 million on September 28 to $208.5 million as of November 4.

The decline in daily trading volume, DEX volume, and TVL parallels ADA’s 7% loss in value over the last 30 days, indicating that overall trading and trader interest in Cardano is decreasing.

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The post Cardano (ADA) Price Drop: Weakening On-Chain Metrics Take Effect appeared first on Coin Engineer.

Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has decreased by 0.32% in the last 24 hours and is currently trading at $61,350. Key resistance levels for BTC are $62,900 and $64,000, while support levels are $59,600 and $58,500.

Ethereum (ETH): The ETH/USDT pair has dropped by 3.55% over the last 24 hours, now trading at $2,395. Resistance levels are $2,500 and $2,600, with support levels at $2,250 and $2,100.

XRP (XRP): The XRP/USDT pair has plummeted by 10.40%, currently sitting at $0.538. Resistance levels for XRP are $0.58 and $0.65, while support levels are $0.50 and $0.48.

Cardano (ADA): The ADA/USDT pair is down by 3.06%, trading at $0.35. Resistance levels are $0.38 and $0.41, with support levels at $0.32 and $0.30.

Near (NEAR): The NEAR/USDT pair has decreased by 2.99% in the last 24 hours and is now trading at $4.75. Resistance levels are $5.00 and $5.25, while support levels are $4.50 and $4.25.

Upcoming Events

Liquidation Heatmap

The information in this article does not provide any investment advice.

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The post Latest on Bitcoin and Cryptocurrencies – October 3 appeared first on Coin Engineer.

Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has decreased by 1.96% in the last 24 hours, currently trading at $64,428. Support levels for BTC are at $62,697 and $57,473. Resistance levels are first at $66,142 and then $69,953.

Ethereum (ETH): The ETH/USDT pair has decreased by 1.56% in the last 24 hours, currently trading at $2,626. Support levels for ETH are at $2,559 and $2,253. Resistance levels are first at $2,705 and then $2,820.

Cardano (ADA): The ADA/USDT pair has decreased by 2.42% in the last 24 hours, currently trading at $0.3892. Support levels for ADA are at $0.3434 and $0.3266. Resistance levels are first at $0.4017 and then $0.4296.

Near (NEAR): The NEAR/USDT pair has decreased by 3.18% in the last 24 hours, currently trading at $5.29. Support levels for NEAR are at $3.845 and $3.429. Resistance levels are first at $5.878 and then $6.468.

Avalanche (AVAX): The AVAX/USDT pair has decreased by 1.89% in the last 24 hours, currently trading at $28.45. Support levels for AVAX are at $26.68 and $22.87. Resistance levels are first at $29.48 and then $32.97.

Events of the Day

Liquidation Heatmap

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The post Latest on Bitcoin and Cryptocurrencies – 30 September appeared first on Coin Engineer.

Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has seen a 1.42% increase in the last 24 hours, currently trading at $64,136. Key resistance levels are $64,696 and $69,866, while support can be found at $62,456 and $57,552 below this zone.

Ethereum (ETH): The ETH/USDT pair has experienced a slight decrease of 0.30%, trading at $2,624. Resistance levels for Ethereum are first at $2,693 and then at $2,820. Support levels are at $2,532 and below this zone is the $2,253 level.

Toncoin (TON): The TON/USDT pair has gained 1.40% in the last 24 hours, currently trading at $5.69. Resistance levels for TON are at $5.887 and $6.888, with support at $5.368 and $4.430.

Near (NEAR): NEAR/USDT pair increased by 0.91% and is trading at $5.30. Resistance levels for NEAR are first at $5.942 and then at $6.477. Support levels are at $4.293 and below this zone is the $3.414 level.

Cardano (ADA): The ADA/USDT pair rose significantly by 6.40%, trading at $0.3851. Resistance levels for ADA are at $0.4016 and $0.4564, with support found at $0.3435 and $0.3028 below this zone.

Events of the Day

Liquidation Heatmap

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The post Latest on Bitcoin and Cryptocurrencies – 25 September appeared first on Coin Engineer.

Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has gained 2.41% in the last 24 hours and is currently trading at $58,725. Resistance levels for BTC are $60,615 and then $64,412. Support levels are $55,676 and below this zone, $52,662.

Ethereum (ETH): The ETH/USDT pair has gained 5.20% in the last 24 hours and is currently trading at $2,295. Resistance levels for ETH are first at $2,464 and then at $2,593. Support levels are at $2,244 and below this zone is the $2,147 level.

Cardano (ADA): The ADA/USDT pair has gained 4.97% in the last 24 hours and is currently trading at $0.3355. Resistance levels for ADA are first $0.3647 and then $0.4023. Support levels are $0.33 and below this zone, $0.3042.

Avalanche (AVAX): The AVAX/USDT pair has lost 4.45% in the last 24 hours and is currently trading at $23.80. Resistance levels for AVAX are first $25.640 and then $27.966. Support levels are $22.865 and below this zone is $20.581.

Solana (SOL): The SOL/USDT pair has lost 4.48% in the last 24 hours and is currently trading at $131.28. Resistance levels for SOL are first $139.69 and then $162.12. Support levels are $127.36 and below this zone is the $120.89 level.

Events of the Day

Liquidation Heatmap

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The post Latest on Bitcoin and Cryptocurrencies – 16 September appeared first on Coin Engineer.

Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has increased by 3.55% in the last 24 hours and is currently trading at $58,055. Resistance levels for BTC are first at $59,120 and then $60,960. Support levels are $56,650 and below this zone is $53,730.

Ethereum (ETH): The ETH/USDT pair has increased by 1.37% in the last 24 hours and is currently trading at $2,358. Resistance levels for ETH are first at $2,402 and then $2,564. Support levels are at $2,286 and below this zone is the $2,149 level.

Cardano (ADA): The ADA/USDT pair has gained 5.30% in the last 24 hours and is currently trading at $0.354. Resistance levels for ADA are first at $0.3648 and then $0.4015. Support levels are $0.3302 and below this zone is the $0.3049 level.

Toncoin (TON): The TON/USDT pair has increased by 3.59% in the last 24 hours and is currently trading at $5.42. Resistance levels for TON are first at $5.994 and then $6.888. Support levels are $5.213 and below this zone is the $4.443 level.

Near (NEAR): The NEAR/USDT pair has gained 6.22% in the last 24 hours and is currently trading at $4.14. Resistance levels for NEAR are first at $4.479 and then $5.255. Support levels are $3.833 and below this zone is the $3.421 level.

Events of the Day

Liquidation Heatmap

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The post Latest on Bitcoin and Cryptocurrencies – 12 September appeared first on Coin Engineer.

Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has decreased by 1.37% over the last 24 hours and is now trading at $56,356. The first resistance level for BTC is $58,345, followed by $61,000. Support levels are $55,745 and further down, $53,102.

Ethereum (ETH): The ETH/USDT pair has decreased by 1.28% in the last 24 hours and is currently trading at $2,376. The first resistance level for ETH is $2,563, with a second at $2,826. Support levels are $2,340 and $2,204 below this zone.

Toncoin (TON): The TON/USDT pair has increased by 6.69% in the last 24 hours and is now trading at $4.89. Resistance levels for TON are $5.356, then $6.013. Support levels are $4.587 and $3.332 further down.

Chainlink (LINK): The LINK/USDT pair has decreased by 2.01% in the last 24 hours and is now trading at $10.02. Resistance levels for LINK are $10.84 and $12.71. Support levels are $9.92 and $8.11.

Cardano (ADA): The ADA/USDT pair has increased by 1.64% in the last 24 hours and is currently trading at $0.3276. The first resistance level for ADA is $0.3553, followed by $0.4015. Support levels are $0.3161 and $0.2760 below this zone.

Events of the Day

Liquidation Heatmap

The information in this article does not provide any investment advice.

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The post Latest on Bitcoin and Cryptocurrencies – September 6 appeared first on Coin Engineer.

Daily Analysis

Bitcoin (BTC): The BTC/USDT pair has decreased by 4.48% in the last 24 hours and is currently trading at $56,340. The first resistance level for BTC is at $59,670, followed by $62,980. The support levels are first at $56,000 and below this zone is $49,290.

Ethereum (ETH): The ETH/USDT pair has dropped by 5.80% in the last 24 hours and is currently trading at $2,370. Resistance levels for ETH are at $2,585 and then $2,815. Support levels are first at $2,310 and below this zone is $2,130.

Toncoin (TON): The TON/USDT pair has declined by 8.71% in the last 24 hours and is currently trading at $4.79. Resistance levels for TON are at $6 and then $6.87. Support levels are at $4.59 and below this zone is $3.32.

Near (NEAR): The NEAR/USDT pair has decreased by 7.01% in the last 24 hours and is currently trading at $3.68. Resistance levels for NEAR are at $4.27 and then $5.26. Support levels are first at $3.075 and below this zone is $2.67.

Cardano (ADA): The ADA/USDT pair has lost 5.67% in the last 24 hours and is currently trading at $0.3142. Resistance levels for ADA are first at $0.4026 and then $0.45. Support levels are first at $0.27 and below this zone is $0.24.

Events of the Day

Liquidation Heatmap

The post Latest on Bitcoin and Cryptocurrencies – 4 September appeared first on Coin Engineer.