Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cardano ETF hype grows as Grayscale pushes for approval, while Rexas Finance eyes a top crypto spot. Table of Contents ADA’s market reaction and AI prediction Can ADA break into the top 3? Rexas Finance: A top 3 contender? Conclusion As asset managers submit applications for exchange-traded funds (ETFs), several cryptocurrencies have been under news coverage. After the approval of Bitcoin (BTC) and Ethereum (ETH) ETFs, Cardano (ADA) is now under the focus as talks of an ADA ETF pick momentum. Grayscale made public on February 11 its intentions to float an ADA ETF on the New York Stock Exchange (NYSE). NYSE Arca sent the U.S. Securities and Exchange Commission (SEC) a 19b-4 form asking permission for the Grayscale Cardano Trust, which would trade under the ticker “GADA.” Should the SEC approve the first standalone Cardano ETF Grayscale offers, investors would be exposed to ADA without being required to keep the token personally. BNY Mellon would handle administrative chores, and Coinbase Custody Trust Company, LLC would be the custodian of the proposed ETF. NYSE Arca underlined that while helping investors and the larger financial ecosystem, this new product would encourage competitiveness in the crypto industry. ADA’s market reaction and AI prediction ADA’s price changed immediately upon the announcement of the prospective ETF. Cardano shot to $0.8051 at the time of writing, up 14.38% in the preceding 24 hours. The asset dropped to $0.6947 early in the day, then remarkably recovered to top $0.8159. This surge highlights the increasing investor trust in Cardano, as many expect more price swings should the ETF get regulatory clearance. Regarding ADA’s potential, AI projected a 5x increase in the value of the cryptocurrency, therefore influencing its price to $4. This would raise Cardano’s market capitalization from $27.55 billion to $137.55 billion. Still falling short of the top 3 cryptocurrencies, ADA would only place fifth in the rankings even at this valuation. Can ADA break into the top 3? Although establishing an ADA ETF will surely improve Cardano’s market situation, surpassing the top three, Bitcoin, Ethereum, and Ripple, remains difficult. The main obstacle is Ethereum’s dominance as the preferred smart contract platform. Other rival projects, like Solana (SOL) and Binance Coin (BNB) , draw significant investment and development even if ADA leaps above $4. Although Cardano’s path to the top three is unknown, another growing cryptocurrency, Rexas Finance, is fast gathering steam and might be a major rival for a top-ranking position. You might also like: Poised to deliver the highest returns: Ethereum, Cardano, or Rexas Finance Rexas Finance: A top 3 contender? Unlike many current initiatives, Rexas Finance is transforming the crypto scene by democratizing and simplifying the production and administration of digital tokens, especially those reflecting real-world assets. Rexas Finance has already generated over $46.67 million through its extraordinary presale performance. Priced at $0.20 and in stage 12, the presale is almost finished; 90.67% of its $56 million target has already been filled. The Rexas Finance team has chosen a public presale instead of other initiatives that depend on venture capital investment so that regular investors may join this financial revolution. As Rexas Finance prepares for its formal release on June 19, 2025, it is ready for great results. Plans to debut on three top-tier exchanges and a listing price of $0.25 help RXS to be positioned for a significant increase. Analysts estimate that RXS might become one of the top three cryptocurrencies, overtaking established players like Cardano. Rexas Finance marks a radical change in the tokenizing and blockchain trading possibilities for actual assets. With the potential to tokenize almost any asset, from real estate and commodities to intellectual property, RXS generates unmatched opportunities for investors. Rexas Finance is becoming the preferred platform for tokenized assets as the crypto market develops, enabling a significant price rise. Given its present trajectory and growing demand for real-world asset tokenization, RXS will beat many conventional cryptocurrencies and establish itself among the top three by the end of 2025. Conclusion Although introducing an ADA ETF might greatly increase Cardano’s market exposure, competition from other big projects makes its road to the top three difficult. ADA would still face challenges breaking past its rivals even if it reaches $4. Rexas Finance is fast expanding under strong presale momentum, institutional interest, and an smart use case that might drive it to a top position before the end of 2025. To learn more about Rexas Finance, visit its website , giveaway , X , or Telegram . Read more: Rexas Finance price prediction: Can RXS deliver on its presale hype? Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
Crypto markets are experiencing a downturn today, with several major currencies reporting significant losses, according to CoinStats. A decline in trading volumes and bearish market sentiment are contributing factors, suggesting
Meme coins continue to gain traction in broader crypto ecosystem
Bitcoin ( BTC ) analysts went to X this morning, setting a potential recovery roadmap from the crash up to $150,000. Together with the stock market , Bitcoin and other cryptocurrencies crashed once again, with BTC trading below $85,000 on Wednesday. In particular, Jelle shared a Bitcoin chart pattern from 2020, which is similar to BTC’s price action since February 2025. Another memecoin analyst also shared a similar insight, saying people “are not prepared.” Notably, both charts show Bitcoin first reaching a market top and a consolidation phase until it breaks out. The breakout, then, leads to another top and smaller consolidation, crashing aggressively toward the previous resistance , now turning into support . This crash and resistance/support (R/S) level retest came, in 2020, in anticipation of a massive bounce upwards. Previously, it led Bitcoin from $10,000 up to $13,300. By replicating the historical candlesticks, a bounce from the region between a $68,000 and $74,000 crash could pump the price above $150,000. Bitcoin price charts (2025 & 2020). Source: TradingView / Jelle Should you buy this Bitcoin crash? If history repeats, buying Bitcoin now could end up being a profitable decision, eyeing the upward potential highlighted by the analysts. However, there are no guarantees that the 2025 chart will replicate the 2020 fractals. Actually, in 2020, the bounce resulted in a 33% surge, not the 100% surge suggested by simply mirroring the candlesticks. The memecoin analyst received harsh criticism in the comment section of his post, with one user asking if “Do [people] just search for random meaningless fractals in time that [sort of] match up and then post them?” Interestingly, Jelle responded to his own followers saying he has “no clue” and is “just observing,” when asked about what would be Bitcoin’s next movement. In other posts, the trading expert said he continues to exit his BTC position, gradually selling at each opportunity. Moreover, he explained that the current market outlook is within “insane volatility” and “not a market you want to trade.” https://twitter.com/CryptoJelleNL/status/1896803823370588221 Buying or not this current crash is an individual decision that should be made responsibly. If the 2020 chart plays out, there will likely be better opportunities at lower prices to load up. Nevertheless, just like the uncertainty on the upward move, the further downside potential is also not guaranteed. Featured image from Shutterstock The post Bitcoin analysts set recovery roadmap from the crash up to $150,000 appeared first on Finbold .
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With an increasing number of funds being blocked by exchanges due to AML checks, any cold wallet receiving USDT could face risks; verifying asset cleanliness is crucial. Table of Contents USDT blockchain precedents: lessons not to ignore Verifying the purity of cryptocurrency is a necessity The solution Recently, cases of funds being blocked by exchanges under the pretext of AML checks have become more frequent. Any cold wallet receiving USDT could be at risk. Users might deposit USDT from their wallet to an exchange, and suddenly, their funds get blocked due to an AML check. This leads to a long dispute with support, where the user has to prove that they are not involved in any illegal activities. Such disputes with customer support can last up to 6 months. Why deal with such problems? Users can check their USDT in advance for sanctions and risks using any service from this list . Traders will receive a detailed report on the contamination level of their assets, as well as recommendations on which exchanges might pose a risk for their funds. Additionally, they can subscribe to platform’s private channel , where they share strategies to multiply capital without risk. USDT blockchain precedents: lessons not to ignore Bitfinex exchange asset freeze in 2018 Bitfinex, one of the largest cryptocurrency exchanges, came under investigation in 2018. The US froze the exchange’s funds, including large amounts of USDT, due to suspected financial regulatory violations. This caused panic in the market and led to losses among users whose funds were linked to suspicious transactions. Confiscation of funds worth $30 million in 2021 In 2021, Tether Limited, the issuer of USDT, froze $30 million in funds related to suspicious transactions at the request of law enforcement agencies. In this case, even users who may not have been involved in illegal activity but were involved in the transaction chain were affected. These cases emphasize the importance of dealing with “clean” cryptocurrencies whose origin is not linked to illegal activity. Verifying the purity of cryptocurrency is a necessity The cryptocurrency market is increasingly facing regulation and scrutiny from regulators. Verifying the purity of USDT and other crypto assets is becoming a key step to ensure security and regulatory compliance. Ensuring security Verifying the purity of USDT helps to identify links to illegal activities such as money laundering or terrorist financing. Having a “tainted” cryptocurrency in a wallet can lead to the freezing or confiscation of funds. It is a way for companies and private investors to protect their assets and minimize risk. Regulatory compliance Many countries are tightening cryptocurrency regulations with strict anti-money laundering (AML) requirements. Utilizing cryptocurrency verification services can help users comply with regulations and avoid fines, penalties, and blocked funds. This is especially important for companies operating in international jurisdictions. The solution In the context of growing risks and increased regulation, checking crypto-assets for AML compliance is a necessary step. The free AML Sreening Center service brings together the best-proven tools for transaction and wallet verification. This service will help users verify any cryptocurrency asset for “cleanliness,” reducing the likelihood of problems with regulators or the freezing of funds. The platform’s website provides reviews of various services for verifying transactions and wallets, including those for verifying cryptocurrencies for AML compliance. In this private channel, users will find the most advanced news about crypto regulation by regulators, market reviews from recognized experts and a lot of useful information to increase capital without risk. Read more: Crypto wallet security needs a rethink | Opinion Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
COINOTAG News reports on March 4th that cryptocurrency data analyst Emperor Osmo has revealed pivotal insights regarding the Bitcoin ETF. He noted that BTC ETF outflows are demonstrating signs of
TRON leads the way in USDT transfers with a staggering $11.4 billion influx—could this signal an impending market shift? The blockchain processed an impressive 1.89 million USDT transactions, highlighting its
Bitcoin remains strong in the bull market as analysis deepens. Large investments on Coinbase significantly impact Bitcoin’s price movements. Continue Reading: Bitcoin’s Surge: What Drives the Current Bull Market? The post Bitcoin’s Surge: What Drives the Current Bull Market? appeared first on COINTURK NEWS .
The crypto market fell back into the red as its market capitalization dropped nearly 11% to $2.75 trillion, erasing all the gains made on Sunday after President Donald Trump’s crypto reserve announcement. Sunday’s rally began fading on Monday, with Bitcoin (BTC) and other altcoins sliding back to pre-weekend levels. BTC slipped below $90,000, down almost 10% and trading at $83,700. Meanwhile, Ethereum (ETH) has declined nearly 15%, struggling to stay above $2,000. Ripple (XRP) is down almost 18% after surging on Sunday following Trump’s announcement, while Solana (SOL) is down nearly 20%. Cardano (ADA) , which had surged past $1 after its inclusion in the crypto reserve, is down almost 24% and trading at $0.811. Dogecoin (DOGE), Hedera (HBAR), Chainlink (LINK) , Stellar (XLM) , Litecoin (LTC) , Toncoin (TON), and Polkadot (DOT) also registered substantial declines as bearish sentiment returned to the market after President Trump reaffirmed plans to impose tariffs against Canada and Mexico. Bitcoin (BTC) Dips 10% As Crypot Reserve Euphoria Fades Bitcoin (BTC) has been down nearly 10% over the past 24 hours as growing trade tensions and tariffs against Canada and Mexico have weighed on investor sentiment. BTV and other digital assets had surged after President Trump’s remarks about a national cryptocurrency reserve. However, feasibility concerns about the plan triggered a sharp decline. BTC kept declining until it slipped below $90,000, slipping to its current level of $84,190. ETH, ADA, SOL, and XRP also registered substantial declines. Forexlive manager Adam Button stated, “Everything is getting sold. There's a de-risking that's unfolding among crypto investors.” The downturn began after Trump reaffirmed tariffs against Canada and Mexico, both of which have vowed to retaliate. Button believes fears surrounding an impending trade war were intensified by concerns over US economic growth, expected to slow during the first quarter. Industry Leaders Not Happy With Inclusion Of ADA and XRP In Reserve Crypto industry leaders were not pleased with including XRP, ADA, and even SOL in the crypto strategic reserve. Industry experts questioned their inclusion, arguing that they lack developer activity and decentralization, as seen in BTC and ETH. Trump signed an executive order in January to explore a strategic digital asset reserve, with the language revolving around the potential creation of a digital asset stockpile. Trump is also set to host the inaugural White House Crypto Summit and is scheduled to deliver remarks to crypto founders, CEOs, and investors. Crypto Czar David Sacks will chair the summit. While the news set the value of the assets in question skyrocketing, it was also met with heavy criticism, with Castle Island Ventures General Partner Nic Carter, stating, “It's not the job of the government to run an ersatz crypto hedge fund. It's not their job to pick winners and losers.” According to Harrison Seletsky, director of business development at digital identity platform SPACE ID, the inclusion of SOL and ETH makes sense because of their robust and growing developer activity. However, he added that ADA and XRP are virtually ghost chains compared to ETH and SOL, with the total value locked and stablecoin capabilities on XRPL and Cardano being negligible compared to other ecosystem players. “In my eyes, it somewhat delegitimizes the whole idea of crypto reserve assets like industry mainstays bitcoin, ether, and Solana.” Two Prime Digital Assets CEO Alexander Blume called XRP, ADA, and SOL tech companies that happen to have a cryptocurrency. “They are very centrally controlled, and ownership is also highly concentrated. These products are constantly changing and adapting to the market whereas BTC is a decentralized product with no single group of owners or controllers and is more akin to gold.” White House AI And Crypto Czar Confirms Crypto Exit White House Crypto and AI Czar David Sacks has confirmed he sold all his cryptocurrency holdings before joining the Trump administration. Sacks is a well-known investor and entrepreneur who has played a significant role in the tech and finance sectors. He co-founded Craft Ventures, a venture capital firm that has invested in several technology startups and financial firms, including Bitwise Asset Management, which focuses on crypto investments. The confirmation came amid growing speculation about his crypto holdings and potential conflict of interest following his appointment. The decision to liquidate his crypto holdings was part of his efforts to comply with ethics regulations and avoid a conflict of interest. Sacks also addressed criticism from a Community Note on X, claiming he had indirect investments in crypto through Bitwise Asset Management. The Community Note stated, “David sold his direct holdings, but he still has large indirect holdings because he is an investor in Bitwise Asset Management.” However, Sacks responded to the note, stating, “This community note is a lie. I had a $74K position in the Bitwise ETF, which I sold on January 22. I do not have ‘large indirect holdings. I’ll provide an update at the end of the ethics process.” SEC To Hold First Crypto Task Force Meeting The United States Securities and Exchange Commission (SEC) will hold the first meeting of its newly formed Crypto Task Force later this month. The roundtable, titled “How We Got Here and How We Get Out—Defining Security Status,” will take place on March 21 at the SEC’s headquarters in Washington, D.C. It is part of a broader initiative called “Spring Sprint Towards Crypto Clarity.” “JUST IN: SEC Crypto Task Force to "host a series of roundtables to discuss key areas of interest in the regulation of crypto assets.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) was back in the red on Monday as it gave up all of Sunday’s gains. BTC had surged on Sunday after President Donald Trump announced a proposal for a national strategic reserve of cryptocurrencies. As a result of the announcement, BTC surged over 9% on Sunday. Trump had said his January executive order on digital assets would create a stockpile of cryptocurrencies, including Bitcoin, Ethereum, Solana, XRP, and ADA, with all the tokens rallying. However, the rally was short-lived as BTC and the other assets were back in the red on Monday. BTC is down over 9%, while ETH is down over 12%. XRP has also seen red with the price down nearly 13%, while SOL has declined almost 16%. ADA has seen the biggest decline, down 25%. The decision also attracted significant criticism, with Anthony Pompliano, founder and chief executive at Professional Capital Management, saying he did not favor a strategic crypto reserve in a letter to clients. Pompliano stated, “Even though Solana is our second largest crypto position, and various public equities I hold are heavily correlated to altcoins, I still think this decision on a wide-ranging crypto strategic reserve is an unforced error that will be regretted in the future.” He also warned the emerging policy appeared to be a random smattering of speculative tools that would enrich insiders and creators of these tokens at the expense of the US taxpayer. Tyler and Cameron Winklevoss also expressed their reservations about the reserve, noting that only BTC met the bar as a store of value and reserve asset. Bitcoin (BTC) has faced significant selling pressure, barring Sunday’s rally. The flagship cryptocurrency started the previous week in the red, dropping nearly 5% to $91,622. Sellers retained control on Tuesday as BTC plunged below $90,000 on its way to an intraday low of $85,984. The price recovered from this level but could not reclaim $90,000, ultimately settling at $88,654 after a decline of $88,654. Bearish sentiment intensified on Wednesday as BTC dropped over 5% to $84,129. Despite the overwhelming bearish sentiment, BTC recovered on Thursday, reaching an intraday high of $87,045. However, it could not stay at this level and ultimately settled at $84,657, registering a marginal increase. Source: TradingView Selling pressure intensified on Friday as BTC plunged below the 200-day SMA and $80,000 to a low of $78,173. Buyers finally stepped in at this level, and BTC recovered to reclaim $80,000 and settle at $84,362. Sentiment changed over the weekend as BTC rose just over 2% on Saturday and settled at $86,182. Bullish sentiment intensified on Sunday after Donald Trump’s announcement. As a result, BTC surged over 9% to reclaim $90,000 and move past the 20-day SMA to settle at $94,322. However, the euphoria faded on Monday, and BTC crashed nearly 9% to slip back below $90,000 and the 20-day SMA to $86,201. The current session sees sellers retain control, with the price down over 3% at $83,258. The RSI was rejected at the neutral level, indicating sellers still hold the upper hand. The MACD is also bearish, indicating BTC could see a further decline. Ethereum (ETH) Price Analysis Ethereum (ETH) has dropped nearly 18% as Sunday’s rally lost momentum after President Donald Trump reaffirmed tariffs against Canada and Mexico would kick in on March 4. The announcement sent markets tanking, with the crypto market cap declining over 10%. ETH had reached an intraday high of $2,550 on Sunday but lost all the gains it made on Monday after markets turned bearish. ETH has been trading downwards since December 2024, when it briefly crossed $4,000. ETH started the previous week in the red, dropping nearly 11% to go below the 20-day SMA and settle at $2,517. Sellers retained control on Tuesday as ETH fell below $2,500 on its way to an intraday low of $2,332. ETH recovered from this level to settle at $2,495, ultimately registering a fall of just under 1%. Bullish sentiment returned Wednesday as ETH fell over 6% to $2,334. ETH declined on Thursday, falling over 1% to $2,308. Bearish sentiment intensified on Friday as the price dropped to an intraday low of $2,077. The price recovered from this level to settle at $2,238, ultimately registering a drop of just over 3%. Source: TradingView ETH registered a marginal decline on Saturday, dropping just under 1% to $2,218. The price rallied on Sunday, rising nearly 14% to reclaim $2,500 and settle at $2,520. However, the rally was short-lived as ETH plunged almost 15% on Monday after Trump reaffirmed tariffs on Canada and Mexico and settled at $2,149. The current session sees ETH down nearly 3% as sellers look to drive the price below $,2,000. The RIS is below the neutral zone, while the MACD indicated significant bearish pressure, suggesting the price could decline in the near term. Solana (SOL) Price Analysis Solana (SOL) is also one of the assets named in the strategic reserve, sending its value soaring on Sunday. However, SOL gave up these gains almost immediately, dropping nearly 21% on Sunday as broader market sentiments and economic concerns hit investor confidence. SOL was bearish at the beginning of the previous week, dropping over 15% to slip below $150 and settle at $142. Despite the selling pressure, SOL registered an increase of 1.60%on Tuesday and moved to $144. Sellers returned to the market on Wednesday as SOL fell over 6%, going below $140 and settling at $135. The price recovered on Thursday, rising nearly 2% and settling at $137. Buyers retained control on Friday as SOL rose almost 8% to reclaim $140 and settle at $148. Source: TradingView Despite the positive sentiment, SOL was back in the red on Saturday, dropping just over 3% to $143. Bullish sentiment intensified on Sunday after President Trump’s announcement. As a result, SOL rallied nearly 25% to move past the 20-day SMA and settle at $178. However, the rally was short-lived as SOL plunged over 20% on Monday, slipping below $150 and the 20-day SMA and settling at $142. The current session sees SOL down nearly 3% and trading at $137. Dogecoin (DOGE) Price Analysis Dogecoin (DOGE) fell below the 200-day SMA last Monday, dropping 13.14% to $0.210. The price fell to an intraday low of $0.195 on Tuesday as selling pressure intensified. However, it recovered from this level to reclaim $0.20 and settle at $0.212, ultimately registering a marginal increase. DOGE was back in the red on Wednesday, falling over 4.20% to $0.203 before recovering on Thursday to register a rise of 1.82% and settling at $0.206. Bearish sentiment returned on Friday as DOGE fell to an intraday low of $0.181. However, it rebounded from this level to reclaim $0.20 and settle at $0.201, ultimately registering a drop of 2.42%. Source: TradingView Buyers returned to the market on Saturday as DOGE rose 2.38% to $0.206. Bullish sentiment intensified on Sunday as DOGE surged nearly 16% and moved to $0.239. However, the rally fizzled out on Monday as the price fell nearly 17% to slip below $0.20 to $0.199. The current session sees DOGE down 3.52% and trading at $0.192 as sellers look to drive the price toward $0.80. Ripple (XRP) Price Analysis Ripple (XRP) was also named as one of the assets to be included in the crypto reserve, sending its price surging on Sunday. However, its rally fizzled out on Monday as it fell below key levels and moving averages. XRP fell below the 20-day SMA last Monday, dropping 11.51% to $2.28. The price fell to an intraday low of $2.06 on Tuesday as selling pressure intensified. However, it rebounded from this level to register an increase of nearly 2% and settle at $2.32. Bearish sentiment returned Wednesday as XRP fell over 5% to $2.19. Buyers and sellers struggled to establish control on Thursday. Sellers ultimately gained the upper hand, with XRP registering a marginal decline. Source: TradingView XRP fell to an intraday low of $1.95 on Friday as selling pressure intensified. However, it recovered from this level to reclaim $2 and settle at $2.14, ultimately registering a marginal decline. Sentiment changed on Saturday as XRP rose over 2% and settled at $2.19. The price rallied on Sunday, surging an incredible 34% thanks to President Trump’s statement and settling at $2.94, moving past key resistance levels and moving averages. However, XRP was back in the red on Monday, dropping nearly 19% to slip below the 20 and 50-day SMAs and settle at $2.38. The current session sees XRP down just over 1% and trading at $2.35. Filecoin (FIL) Price Analysis Filecoin (FIL) started the previous week on a bearish note, dropping nearly 12% to slip below the 20-day SMA and settle at $3.02. The price recovered on Tuesday, rising almost 4% and settling at $3.14. Buyers retained control on Wednesday as FIL registered a marginal increase before rising 3.61% on Thursday to settle at $3.26. However, it lost momentum and dropped to an intraday low of $2.99 on Friday. The price recovered from this level to reclaim $3 and settle at $3.25, ultimately registering a marginal decline. Source: TradingView Price action remained muted on Saturday as FIL registered a marginal decline and settled at $3.24. Bullish sentiment returned on Sunday as markets rallied. As a result, FIL rose 10% to move past the 20-day SMA and settle at $3.56. However, it gave up all its gains on Monday, falling nearly 14% to slip below the 20-day SMA and settle at $3.06. The current session sees FIL down over 3% and trading below $3 at $2.96. Injective (INJ) Price Analysis Injective (INJ) registered a sharp decline last Monday as it fell below the 20-day SMA and settled at $13.85. Sellers retained control on Tuesday as the price dropped to an intraday low of $12.68 before settling at $13.54. INJ declined on Wednesday, falling just over 4% and settling at $12.97. The price recovered on Thursday, rising nearly 5% and settling at $13.56. However, sellers were back in control on Friday as INJ fell to an intraday low of $12.10. The price recovered from this level to settle at $13.33, ultimately registering a drop of just under 2%. Source: TradingView Sellers retained control on Saturday as INJ dropped 2.41% to $13.01. However, sentiment changed on Sunday as markets turned bullish. As a result, INJ surged over 10% and settled at $14.33. However, buyers lost momentum after reaching this level, and INJ plunged over 16%, slipping below $12 and settling at $11.96. The current session sees INJ down nearly 9% and trading at $10.91. The MACD has turned bearish, indicating a further decline. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.