Bitcoin Cash

Flow

Cardano

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-recovers-after-hack-panic" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Recovers After Hack Panic</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/exploring-the-surge-in-early-bitcoin-wallet-transactions" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> has bounced back after testing the support level at $66,800, following fears due to a recent hacking incident. Despite a challenging May for altcoins, with significant drops for many except Ethereum, the outlook for June remains uncertain.</p>
<h2 id="what-s-in-store-for-cardano-ada-in-june">What’s in Store for Cardano (ADA) in June?</h2>
<p style="text-align: justify">Cardano (ADA), one of the largest altcoins by <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market</a> cap, has seen a double-digit decline, dropping to $0.44 after peaking at $0.50 on May 21. The Awesome Oscillator (AO) indicates a negative market shift for ADA, casting doubt over a potential recovery in June. Increased selling pressure could push ADA to test new lows around $0.4 and $0.38. Additionally, the anticipation of Ethereum’s exchange listings and lingering inflation fears may further dampen investor confidence.</p>
<h2 id="could-bitcoin-cash-bch-face-more-decline">Could Bitcoin Cash (BCH) Face More Decline?</h2>
<p style="text-align: justify">Bitcoin Cash (BCH) has seen a 10% drop in the past ten days. The anticipated movement of MTGOX assets poses a further risk, potentially triggering a sell-off due to the conversion of BTC to BCH. The Chaikin Money Flow (CMF) indicator reveals a significant capital outflow, while the SAR indicator suggests continued decline risk. BCH’s price might continue to fall below $459, although the unpredictable nature of the cryptocurrency market leaves room for surprises.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>Cardano (ADA) may face further declines if selling pressure persists.</li>
 <li>Ethereum’s upcoming exchange listings could impact ADA’s market dynamics.</li>
 <li>Bitcoin Cash (BCH) might experience additional drops due to MTGOX asset movements.</li>
 <li>Indicators like AO, CMF, and SAR highlight ongoing risks for both ADA and BCH.</li>
 <li>Inflation risks could affect investor sentiment towards cryptocurrencies.</li>
</ul>
<p style="text-align: justify">In conclusion, the cryptocurrency market remains volatile with mixed signals for Cardano and Bitcoin Cash. Investors should stay informed and be prepared for potential fluctuations in the market.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-recovers-after-hack-panic" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Recovers After Hack Panic</a></h5>

Bitcoin Recovers After Hack Panic

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