Cardano News Updates: Price Surges Over 25% In The Week

Cardano News Updates: Cardano is rallying as its price has jumped up this week by 21.63%, as a result of whale accumulation resuming. Bitcoin price has also surged and crossed the 18000 mark. The crypto market has been printing the charts red, as the coins are up by a satisfactory percentage.

Cardano is seeing a jump of 21.63% in the last 7 days. ADA token increased by 2.47% over the previous 24 hours. Cardano has crossed the 0.3 USD mark, just past its resistance level. It is currently trading at 0.3231 USD. The token’s market cap is at 11.539 billion USD. trading volume increases by 6.04% compared to the previous day. Source: coinmarketcap

Cardano has been boosting since the new year. The whale accumulations for ADA have resumed as we entered another year.

The global crypto market cap is at 884.95 billion USD, an increase of 3.08% in the last 24 hours. The total crypto market volume is 47.52 billion USD in the previous 24 hours, an increase of 37.96%.

Bitcoin Surges

Bitcoin token BTC has finally breached the 18k USD mark this week. Bitcoin, along with various other coins in the crypto sphere had a very tumultuous year in 2022. There was various crash that led to the Bitcoin prices falling down gradually throughout the year.

Bitcoin is currently trading at 18,158 USD, a jump of 3.97% in the last 24 hours. Trading volume hiked by 41.09% as compared to the last day. The market cap has gone up to 349.336 billion USD. During the period of the last 7 days, it has gone up by over 8%. Source: coinmarketcap

El Salvador Passes Law

It has been a happy day for bitcoin holders as El Salvador has passed the law on the issuance of digital assets. It was presented as a bill in the month of November 2022 in the state’s parliament. It was approved after garnering 62 votes. The aim of the law is to legalize the use of digital assets in the country. Salvador has been a supporter of bitcoin.

Also read: Cryptocurrencies To Look Out For This Weekend

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