Redbook retail sales year-on-year in the United States for the week ending April 19

While Bitcoin ETFs continue to steadily push up the price of the largest cryptocurrency, the market also closed positively yesterday, following record net inflows of 631 million pieces on February 13. Spot ETF products received net investments of 339.8 million. #Gate_Post# #GateLive# #ContentStar#

**11,000 Ethereum Sale: A Big Move in the Crypto Market** The cryptocurrency world has had a big agenda in recent days: the sale of 11,000 Ethereum by one person. This move caused considerable activity in the market and began to be widely discussed among investors. Ethereum is the second-largest coin in the cryptocurrency world, and selling such a large amount could have a significant impact on the market. Although there is no clear information about the reason for the sale and the seller, such large-scale transactions often cause volatility in the cryptocurrency market and can have significant effects on prices. Such large sell-offs often create anxiety and uncertainty among investors. However, due to the nature of the cryptocurrency market, it is important to always be prepared for rapid shifts and sudden price swings. Investors should be sensitive to such events and manage their portfolios in a balanced manner. And the news was announced that sales would continue. #Crypto_Bee# #ContentStar# #比特币# #HotTopicDiscussion# #Gateio10周年# #GateLive# #GateioTurns10# #eth#

The cryptocurrency spot trading volume of these tokens was $8 billion On Feb. 22, Kaiko reported eight tokens that have seen $8 billion in net trading volume since the start of the bull run in November 2023. These tokens entered the market in 2023 and early 2024. Also, some of them continue to see large trading volumes on a daily basis. Kaiko has listed the following tokens: Bittensor (TAO), Dymension (DYM), Pyth Network (PYTH), Sui (SUI), Aptos (APT), Jupiter (JUP), Sei (SEI), and Celestia (TIA). The weekly spot volume on centralized exchanges for these new tokens is $8 billion. #HotTopicDiscussion# #MyFancyCreator# #ContentMining#

ADA price prediction: Will there be more downsides? Technical analysis of the daily timeframe shows that Cardano (ADA) has been trading within an ascending parallel channel since June 2023. After several failed breakout attempts, ADA price finally cleared the channel's resistance trendline in December and subsequently rose parabolically. This breakout reached a new one-year high of $0.68 on Dec. 14. Since then, ADA has dropped dramatically. Thus, it created two long upper wicks (red icons), which were considered signs of selling pressure. Meanwhile, the RSI is below 50 and is falling (red circle). Similar to the daily timeframe, the six-hour timeframe also does not provide a clear direction for the trend. This is due to price action and RSI data. The price action shows that ADA has been trading within a descending parallel channel since Dec. 14. Such channels often involve corrective actions. On January 8 (green icon), it bounced off the support trendline of the ADA channel, confirming the 0.5 Fib retracement support level at $0.46. However, he did not manage to get out of the channel. On the contrary, it was rejected on January 11 (red icon) and has since been dropped. It is currently trading below the midline of the channel. Also, the six-hour RSI is below 50. As a result, the resolution of the channel formation will determine the future trend for ADA.

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