{"id":30312,"date":"2025-06-05T05:31:48","date_gmt":"2025-06-05T05:31:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30312"},"modified":"2025-06-05T05:31:48","modified_gmt":"2025-06-05T05:31:48","slug":"profit-taking-continues-in-crypto-market-as-dogecoin-cardanos-ada-lead-majors-slide","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30312","title":{"rendered":"Profit-Taking Continues in Crypto Market as Dogecoin, Cardano&#8217;s ADA Lead Majors Slide"},"content":{"rendered":"<div>\n<p>Profit-taking continued to weigh down crypto markets Thursday as Dogecoin DOGE and Cardano\u2019s ADA ADA led declines among major tokens, with bitcoin BTC little-changed over the past 24 hours.<\/p>\n<p>XRP XRP, Solana\u2019s SOL SOL and BNB Chain\u2019s BNB BNB shed 1.5%, while Tron\u2019s TRX TRX was the only major token in the green with a 1.9% bump.<\/p>\n<p>\u201cRecent macro and policy conditions have created uncertainty in risk-on assets, which is reflected in the current Bitcoin price,\u201d said Anna Liu, CEO of HashKey Tokenization, said in a Telegram message to CoinDesk.<\/p>\n<p>\u201cWhile we believe there will likely be volatilities in Bitcoin and cryptocurrencies, we remain positive on BTC as a strategic asset for investors in the longer term,\u201d she added, noting that recent inflows into BTC and ETH ETFs show institutions are still exploring crypto allocations despite short-term headwinds.<\/p>\n<p>Market sentiment remains in the greed zone, with the crypto fear and greed index at 62, though it has lost a few points in the last day.<\/p>\n<p>Alex Kuptsikevich, chief market analyst at FxPro, said bitcoin\u2019s rebound from near $103,000 on May 31 signals the beginning of a potential upward movement. \u201cPotentially, this momentum could take the market to new highs above $130K,\u201d he said.<\/p>\n<p>However, Ether ETH continues to battle resistance at its 200-day moving average. A break above $2,700 could serve as an important indicator of renewed optimism, Kuptsikevich added.<\/p>\n<p>Elsewhere, CryptoQuant suggested bitcoin could correct to $96,700, aligning with the average purchase price of short-term investors.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Profit-taking continued to weigh down crypto markets Thursday as Dogecoin DOGE and Cardano\u2019s ADA ADA led declines among major tokens, with bitcoin BTC little-changed over the past 24 hours. XRP XRP, Solana\u2019s SOL SOL and BNB Chain\u2019s BNB BNB shed 1.5%, while Tron\u2019s TRX TRX was the only major token in the green with a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":1,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30312","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30312"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30312\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}