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The $ELX price stabilization and potential rebound are topics of interest. While there isn't specific information on $ELX, we can look at general market trends and factors that influence cryptocurrency prices. Market Trends Recently, stock indexes have experienced a rebound, with 5-day returns up to +5.5% for U.S. stock markets ¹. This rebound is accompanied by a decline in commodities, including energy markets and grains, which can be seen as a positive sign given the current inflation situation. Factors Influencing Cryptocurrency Prices Several factors can contribute to a potential rebound in cryptocurrency prices: - *Market Sentiment*: Investor attitudes and perceptions can significantly impact cryptocurrency prices. - *Adoption and Use Cases*: Growing adoption and use cases for a cryptocurrency can increase demand and drive up prices. - *Regulatory Environment*: Changes in regulations or laws governing cryptocurrencies can affect prices. - *Competition*: The rise of competing cryptocurrencies can challenge a cryptocurrency's market position and price. Conclusion While there is no specific information on $ELX, understanding general market trends and factors that influence cryptocurrency prices can provide valuable insights. Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. Always conduct thorough research and consult with financial experts before making investment decisions.

Robert Sasu, a core developer of multiversX, recently likened CBDCs to a “constant colonoscopy.” He argued that they represent control rather than freedom. Sasu emphasized that politicians, who value their privacy by using cash, are ironically promoting CBDCs for the public . He supports blockchain and cryptography-powered stablecoins, asserting they restore financial freedom and ownership rights. These digital assets, running on scalable chains, offer faster, easier, and instant settlements without centralized control. However, Sasu doubts the European Union (EU) will adopt this approach, suggesting that leadership must change to prioritize freedom. CTO Larsson also critiqued the EU’s stance, highlighting its initial attempts to regulate crypto. This, according to him, inadvertently led to the dominance of USD-backed stablecoins, capturing 97% of the market. In response, the EU is now considering CBDCs as a countermeasure. In a comical way, Larsson likened using stablecoins to savoring red wine and French baguettes, while comparing CBDCs to having a colonoscopy. Although they both have comparable functions, stablecoins are easier to use. With Carney’s win in leadership, he took over as Prime Minister of Canada from Justin Trudeau. Carney worked as a governor of the Bank of Canada and the Bank of England. Carney has been a vocal critic of cryptocurrencies, specifically Bitcoin. He earlier rejected Bitcoin’s limited supply , claiming it would cause deflationary economic impacts. In addition, he had doubts regarding stablecoins due to concerns over centralized power within technology companies. Carney instead advocated for CBDCs, arguing they promote financial security and system efficiency. He emphasized that stablecoins could fragment monetary liquidity, undermining the core role of money. While Carney’s past statements suggest a cautious approach to digital assets , his current policy direction remains uncertain. Global trends may influence his stance. However, his leadership may signal a preference for regulated financial systems, favoring CBDCs over decentralized cryptocurrencies. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin: 23% of $BTC supply in the red — is it time for another drop below $80,000? While institutional buying on the dip could trigger a short squeeze, high liquidation risk remains. Bitcoin’s profitable supply has dropped from 99% to 76%, meaning a large portion of BTC holders are now in unrealized losses. Will this profit-taking phase lead to a deeper decline, or a healthy consolidation before the next move? As AMBCrypto previously highlighted, Bitcoin [BTC] faced strong resistance at $97,000, triggering a sharp decline. The subsequent drop to $82,000 at press time indicated another wave of profit-taking. Despite the pullback, 76.08% of BTC supply is still in profit — the lowest level in six months — suggesting that most HODLers are still in profit. However, it leaves 23% of the circulating supply in unrealized losses — around 4.56 million BTC.  As more and more Bitcoin holders are stuck with unrealized losses, some holders may decide to sell to limit further losses.

Yesterday's attempt failed, but #Bitcoin is giving the daily bullish divergence another shot. Price rebounding after a red start to the NY session - a nice change from the recent weakness during American hours. Close the day in the green, and the divergence locks in.

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