Cardano Exploded By 14% While Bitcoin Reclaimed $30K

Cardano Exploded by 14% while Bitcoin reclaimed $30K and the entire market turned green so let’s have a closer look at our latest Cardano news.

Cardano exploded by 14% after a few days of trading lower and BTC Went on the offensive hours ago, reclaiming this level once again and spiking above $31,000. The altcoins marked impressive gains at the same time and Cardano and SOL led the way. As June started, BTC attempted to turn it into a positive tradign month and surged to a new high of over $32,000 while the bearish market sentiment pushed the crypto south and found it sliding below $30,000 hours later.

Aside from short attempts to overcome the coveted line, BTC stood below it for a few days and the weekend started on a similar note before BtC finally initiated a leg up and jumped to $30,000, breaking its longest negative streak of 9 weeks. BTC kept pumping and added another $1000in hours and as of now, the asset stands above this level and the market cap is close to $600 billion while the dominance over the altcoins stayed above 46%.

The alternative coins continue to mimic the BTC price performance which means that most turned green on a 24-hour scale and ETH is up by 6% sitting at $1900 after falling to $1800 a few days ago. BNB slid below the $300 price point but now trades at $310 with a 4% daily increase. DOT, TRON, DOGE, XRP, and SHIB all jumped by 6%. Solana, Cardano, and Avalanche all saw bigger gains and AVAX now trades at $27, SOL at $43 after the 12% increase, and ADA stole the show with a 14% surge. With the lower and mid-cap altcoins making similar gains on a 24-hour scale, the crypto market cap added $70 billion and got close to $1.3 trillion.

As we saw in the past two days, Bitcoin’s affair above ,000 didn’t last for a long time as the asset dropped below this level and below ,000 so the altcoins are in no better condition with ETH sliding below 00 and both SOL and TRON marked substantial daily losses.
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After the violent May where BTC ended the week with a red candle, it continued its negative streak with the landscape seeming positive at the start of June when it surged to $30,000.