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Cardano (ADA) price gains 10% daily, while Bitcoin’s recovery wave stalls at $70,000 level after strong rise from recent bottom.
Bitcoin prices fell last week after failing to break above the $70,000 level, with prices rising to $65,600 before trying to recover towards $69,000 over the weekend.
However, developments related to the tariff documents, following the U.S. Supreme Court ruling and subsequent actions by Donald Trump, weighed on the market.
Bitcoin prices fell sharply to $64,400 within an hour as traditional futures markets opened, before rebounding to $66,400, a move believed to be temporary.
Prices then resumed their decline, falling to a three-week low of $62,500.
At this point, buyers actively stepped in, causing the price to rise over $8,000 to $70,000 for the first time in more than a week.
But the upward momentum collided with heavy selling at that level, causing the price to drop around $2,000 but still maintain a daily gain of 4.5%.
Bitcoin’s market capitalization rose to approximately $1.36 trillion, while the currency’s market dominance stabilized at over 56%.
Altcoins recorded relatively strong gains.
Ethereum prices returned to the $2,000 level after a daily gain of about 8%, while XRP broke through the $1.40 level, rising 5.5%.
Solana, Dogecoin, BNB and HYPE also achieved similar gains, while LINK’s price increased by 9%.
Cardano outperformed the major digital currencies, rising 10% to close to $0.30, while Polkadot (DOT) recorded its largest single-day gain, rising 24% to around $1.60.
UNI, NEAR and STABLE also experienced significant growth.
Overall, the total digital currency market capitalization has recovered approximately $120 billion since the last bottom to reach $2.425 trillion, reflecting significantly improved risk appetite despite the persistence of sensitive technical resistance levels.
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