Key Notes

Cardano’s Charles Hoskinson joins a $200 million round backing American Bitcoin, a mining and AI infrastructure firm linked to the Trump family.

ADA price slid 2% before stabilizing above $0.50 amid weaker demand, falling volumes, and declining derivatives activity.

Despite short-term weakness, positioning data indicate that traders are defending the $0.50 support with a mildly bullish long-to-short ratio.

Cardano slipped 2% on Saturday, November 15, before stabilizing just above the $0.50 mark as investors absorbed news of Charles Hoskinson’s strategic participation in American Bitcoin’s latest $200 million funding round. Hoskinson highlighted the company’s dual focus on large-scale Bitcoin mining and advanced AI infrastructure as the core rationale behind his investment. P

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