Meanwhile, the US markets have closed. We look at the live Bitcoin price and the prices of the top 25 crypto. Then we look at how the Biden administration is accelerating the process for crypto-regulation, how there is another riot going on around Cardano (ADA) and what impact this is having on the price of the currency.
We begin, of course, with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price flat, prices top 25 crypto exchange
At the time of writing, the live Bitcoin price is EUR 35,045.29 ($38,600). This is 0.98% higher than when the US markets closed yesterday.
For the top 25 crypto, sentiment is changing. Thus we see falling prices, with Cosmos (ATOM) losing the most in 24 hours at 2.63%. We also see price gains. The most gains today are for Terra (LUNA), which posted 9.38% gains. On the Tradeincrypto.com website you can analyze all live crypto prices 24 hours a day.
Crypto wait and see due to SEC and Biden announcement
There has been busy speculation for some time about possible stricter crypto regulations in America. It is now clear that this matter has been given a high priority by the Biden administration. This of course due to the situation in Russia. This development means good news and bad news. The good news is that, according to the latest rumors, there are no intentions to ban crypto currencies or trading in them.
On the other hand, the Biden administration wants to rig up a comprehensive set of regulations. For example, the treasury department must figure out what to do within the government to develop and implement rules and procedures for crypto. In addition, the State Department must ensure that the crypto laws to come are consistent with the crypto laws of allies. Furthermore, they are going to conduct specialized research into regulations against illegal activities that can and do undermine the financial system. In addition, they also want to investigate the possibilities of launching a digital dollar.
Judging by the share prices, the crypto market does not seem spooked, but rather takes a wait-and-see attitude. Perhaps this is calm before the storm, as Biden’s orders are expected later this week. The market will certainly react to this, as we now estimate. So it promises to be exciting again.
Cardano (ADA) again at center of riot in crypto
Earlier this week, we reported that there was noise surrounding Cardano (ADA) after a major Bitcoin enthusiast called the coin a sh*tcoin. The storm over this had barely subsided when the next riot broke out. This time, top executive Charles Hoskinson was the focus. He was reacting to the most recent book by crypto journalist Laura Shin, who is making a stir with revelations about various crypto leaders and also claims to have unmasked the perpetrators of a major hack.
Hoskinson was apparently unimpressed by this, because via Twitter he made fun of the book, which he brushed off as fiction (and therefore made up). This came to Ms. Shin’s attention, and she responded with a fierce retort. She shared documents questioning Hoskinson’s background.
Twitter won’t load because you didn’t give permission.
Hi Charles, speaking of fiction, do you want to address the discrepancies between your claims of dropping out of a PhD program and the schools’ assertions that you were enrolled as an undergrad? pic.twitter.com/gBULGEa6KK
– Laura Shin (@laurashin) March 6, 2022
These allegations are significant and potentially damaging as the Cardano (ADA) blockchain is based in part on Hoskinson’s mathematical knowledge and background. The crypto community and Cardano (ADA) community naturally dove in full on these reports and the next scroll was born.
Meanwhile, Hoskinson seemed to be quick to overlook the discussion. He shared a number of updates, but did not return to the accusations against him. You can see the update here.
Ms. Shin was also not shy about backing up her claims with an audio recording in which Hoskinson talks about a PHD degree.
Twitter won’t load because you didn’t give permission.
Here is the audio of where Charles also told me that he had dropped out of a PhD program pic.twitter.com/ewTfyRgaiy
– Laura Shin (@laurashin) March 6, 2022
What are we expecting from the Cardano (ADA) stock price?
While Cardano (ADA) was until recently seen as an absolute Ethereum killer, the turmoil surrounding the coin and now crypto influencer Hoskinson does not seem to be doing the price any good. The coin lost 29.67% in the past 30 days. Also last week the figures were blood red with -17.26%. Also today the live Cardano (ADA) price is negative by $0.798 0.13%. The question is, of course, what one expects now.
The video analysis below speaks plainly and foresees bears on the road, literally and figuratively.
With the announcement of crypto measures by Biden and possible price fall for Cardano (ADA), there is also a lot to look forward to in crypto in the coming days. We will of course continue to report.
Want to stay up to date with the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”
