Cardano News Updates – Price Increases Over 25% in The Week
Cardano News Updates – Cardano is on the rise as its price has risen by 21.63% this week due to whale accumulation resuming. The price of Bitcoin has also risen and passed the 18000 mark. The charts have been printed red by the crypto market, as coins are up by a satisfactory percent.
Cardano has seen a 21.63% jump in the past 7 days. The ADA token has increased by 2.47% in the past 24 hours. Cardano has crossed the mark of 0.3 USD, just above its resistance level. It currently trades at 0.3231 USD. The market cap of the token is 11.539 billion US dollars. Trading volume increased by 6.04% over the previous day. Source: coinmarketcap
Cardano has been increasing since the beginning of the new year. As we enter another year, the whale accumulations for ADA have been reestablished.
The global crypto market cap stands at 884.95 trillion USD. This is an increase of 3.08% over the past 24 hours. The total volume of the crypto market is 47.52 Billion USD, an increase by 37.96% in the last 24 hours.
Bitcoin Prices Rise
This week, Bitcoin token BTC crossed the 18k USD mark. The year 2022 was a turbulent one for Bitcoin and other crypto coins. There were many crashes that caused Bitcoin prices to fall gradually throughout the year.
Bitcoin trades at 18,158 USD right now, an increase of 3.97% over the last 24 hours. The trading volume increased by 41.09% in the last day. The market cap has risen to 349.336 trillion USD. It has increased by more than 8% in the past 7 days. Source: coinmarketcap
El Salvador Passes Law
El Salvador passed the law allowing the issuance digital assets. It was a happy day for Bitcoin holders. It was presented in the state’s legislature in November 2022. After receiving 62 votes, it was approved. The law’s purpose is to legalize digital assets within the country. Salvador has been a strong supporter of bitcoin.
Also, read: What Cryptocurrencies Should You Be Watching For This Weekend
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