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Cryptocurrencies Price Prediction: Cardano, Cryptos & FTX – American Wrap 15 March

Cardano active wallets increase to highest since late 2022 ahead of USDM stablecoin rollout

Cardano (ADA) broke the $0.8 resistance level on Thursday after trading below it for 21 months, although it quickly corrected afterward following a broader retreat in cryptocurrency prices. In the weekly time frame, however, Cardano price appears to be in an uptrend which could be further supported by the upcoming launch of its stablecoin, USDM, in the United States.
Crypto ETFs could slow down on their success after democrat senators Jack Reed and Laphonza Butler sent a detailed letter to the US Security and Exchange Commission (SEC) chairman, Gary Gensler, asking him not to give any further approval.
 
Bankrupt crypto exchange FTX and trading firm Alameda have deposited 6,500 Ether tokens to Coinbase early on Friday. Similar large-volume deposits from Samuel Bankman-Fried’s firms has previously ushered a correction in ETH. 
 

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