According to CoinGecko, the global cryptocurrency market capitalization surged past $4 trillion on Friday, marking a significant milestone in the asset class's evolution from niche to mainstream in the financial ecosystem.
According to Cryptocurrency Press, an audit of the Cardano Foundation, which supports the ADA token, may influence the market confidence. Earlier accusations from the crypto community prompted head of the company Charles Hoskinson to ensure the necessary transparency of the organization.
The United States House of Representatives formally passed the landmark Digital Asset Market Structure Clarity Act (CLARITY), designed to address long-standing confusion over the classification of cryptocurrencies in the US financial system.
According to Bernstein experts, investors should prepare for a prolonged rally in the crypto market. They say the current bullish cycle will be “quite long and exhausting,” and its driving force will be institutional adoption of blockchain technology.
Cardano (ADA) is trading at $0.63 after breaking out of a falling wedge pattern yesterday. This bullish breakout coincided with Bitcoin hitting new all-time highs, boosting optimism across the crypto market, according to FXStreet.
The JPY publication is expected
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