Bitcoin Tested The $32K Level As Cardano Exploded By 15%

Bitcoin tested the $32K level as Cardano expanded by 15% and stole the show with the massive increase so let’s find out more today in our latest cryptocurrency news.

Bitcoin’s bullish price movement continued over the past day and hit a 20-day high of over $32,000 and most other altcoins calmed down ont eh daily scale with Cardano making double-digit surges. After a few weeks of downfalls, BTC marked a ninth consecutive week candle in the red and now it finally started regaining some traction. The asset stood calm at $29,000 after a few attempts of challenging the $30,000. The bulls stepped up and pushed it north but in a few hours, BTC broke the $30,000 level and kept on increasing to reach the $32,000 price point.

The same scenario happened in the past 24 hours and BTC hit an intraday high of $32,400 which is the highest price level that BTC saw since May 10. it retraced a little and now stands at $32,000 with a market cap touching $600 billion while the domiannce over the altcoins is above 46%. The altcoins went through a price increase as well but most calmed down and ETH jumped from $1800 to $2000 but now stands slightly below it despite the minor 24-hour increase. BNB is shy of $320 after a 2% price uptick and Polkadot, DOGE and ripple are in the green while Solana, Avalanche, and SHIB retraced. Cardano stole the show and increased 15% in the past while Bitcoin tested the $32K level.

Cardano’s development ramped up and made it the network with the most developments going on. The activity translated to a rise in the TVL on the network and although the value was dropping, it recorded a recovery which saw it jump 30% in one day. After multiple DEXes were launched on the Cardano network, the two climbed and this was a result of the accelerated adoption which came with some notable personalities like Snoop Dogg who took it to the platform and brought an enormous fanbase with them.

Cardano’s TVL soars as large as $326 locked in March. However, just as the marekt dropped, the DEFI space took a big hit as well and the result of it was that the TVL dropped more than 50% from the ATH and the Cardano network like other networks, watching the TVL Drop.

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• Source: https://www.dcforecasts.com/bitcoin-news/bitcoin-tested-the-32k-level-as-cardano-exploded-by-15/