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Cardano’s ADA Slumps 8% as Traders Await Trump Catalyst for Bitcoin Gains

CoinDesk LogoCoinDesk1d ago

Cardano’s ADA Slumps 8% as Traders Await Trump Catalyst for Bitcoin Gains - CoinDesk

Quick Summary:

The NFP is a monthly report that provides insights into job creation or loss in the U.S., excluding farm jobs, reflecting the economy's health.

The latest Institute for Supply Management (ISM) report on U.S.service providers was stronger than anticipated, with the prices-paid measure reaching its highest point since early 2023.

The defensive positioning in stocks perhaps stems from concerns that President-elect Donald Trump's Jan.20 inauguration could be a "sell-the-news" event, per CoinDesk’s Omkar Godbole.


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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 11:30:01 (1 days ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24998835

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About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 21 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #8

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The story "Cardano’s ADA Slumps 8% as Traders Await Trump Catalyst for Bitcoin Gains" was covered 1 days ago by CoinDesk, a news publisher based in United States.

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  • URL: https://beamstart.com/news/cardanos-ada-slumps-8-as-17364280512322

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