Cardano ADA Explodes As Bitcoin Maintains The $42K Price Range

Cardano ADA explodes as Bitcoin maintains the $42K price range after failing to break above the $44,000 level so let’s read more in today’s Cardano news.

Bitcoin failed to break the $44,000 but Cardano ADA explodes by 8% and increased to $1.35. Bitcoin tried its hands at $44,000 hours ago but was stopped in the tracks and most altcoins are still slightly in the green with Cardano standing out with the biggest gainer from the larger-cap ones increasing by 8%. It was just a few days ago when the main cryptocurrency tapped a weekly high of $44,500 after the offensive from the bulls trying to recover the losses from the previous week.

BTCUSD. Source TradingView

The bears came to play and didn’t have further increases. The BTC price started to lose value and dumped by $2500 In a few hours which resulted in breaking below the $42,000 for the third time in less than a week. The asset reacted well at this point and increased by over $1000 to reclaim $43,000 but then it dipped below that line once more in the next few hours before it started another leg up which resulted in near the $44,000 price level but to no avail. As of now, BTC stands around $43,000 again and its market cap sits above $800 billion.

Cryptocurrency Market Overview. Source Quantify Crypto

Most of the bigger-cap altcoins remained calm on a daily scale. Ethereum maintains a $3300 price range after a minor 24-hour increase. Binance Coin touched $500 a day ago but now stands just under the line. Avalanche, Polkadot, Solana, Terra tapped some more gains as SOL is up by 3% and DOT by 4%. Luna increased by 5% and AVAX by 4%. Cardano is the biggest gainer from the larger-cap altcoins and ADA jumped by about 8% since yesterday and now trades above $1.35. the two biggest memecoins lost more value and Dogecoin is down by another 5% after the hype from Friday when Tesla enabled DOGE payments for its products. Shiba Inu dropped by 1% in one day and more increases were evident from Fantom which increased 12%, Secret by 10%, Osmosis by 6.5%, and Spell Token by 8%. The crypto market cap is close to $2.1 trillion.

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