Cardano’s ADA is facing downward pressure, trading at $0.6229 after a 1.71% decline, largely due to the sale of 270 million ADA by whales amidst geopolitical tensions. However, the Cardano Foundation has launched Originate, a blockchain tool aimed at enhancing enterprise adoption and product verification, which may bolster its market reputation. Meanwhile, the NFT market has seen a significant 37% increase in sales volume, reaching $144.8 million, with Immutable surpassing Ethereum in sales for the first time. Ethereum’s whales have accumulated 1.49 million ETH in the past month, indicating strong interest despite recent outflows from spot ETFs. Bitcoin has also crossed the $105,000 mark, while Litecoin struggles with a 4.3% weekly decline due to market volatility caused by geopolitical events. The overall cryptocurrency market has been affected, with a $150 billion drop in capitalization, highlighting the interconnectedness of these developments.
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