crypto.news 2025-05-21 17:19:33

Cardano price nears $0.80 as crypto market surges

Cardano is trading at $0.76 today, up 2.16%, as investor sentiment improves on the back of positive technical signals and as Bitcoin surges to all-time highs. After breaking through key resistance levels at $0.725 and $0.732, Cardano ( ADA ) is now testing the $0.76 zone, with bullish momentum supported by a MACD crossover and reclaiming of the 50-EMA, according to crypto.news data . Bitcoin ( BTC ) surged to an all-time high , which could significantly drive Cardano’s price, especially with its recent integration of Bitcoin support through its Lace wallet. This move enables BTC storage and interaction on Cardano, marking a major step in the project’s multichain strategy and unlocking new DeFi use cases. Investor confidence is also reflected in the nearly $1 billion in ADA withdrawn from centralized exchanges since early 2025, a pattern reminiscent of the lead-up to ADA’s all-time high in 2021. Adding to the bullish sentiment, Cardano’s participation in GITEX Europe 2025 in Berlin highlights its commitment to global engagement and innovation in blockchain technology. You might also like: Guatemala’s largest bank adds stablecoin remittance tech in app Cardano controversy However, the project faces challenges, including recent controversies surrounding its founder, Charles Hoskinson, who has denied rumors of misappropriating ADA funds and is considering legal action against defamation. Despite these issues, ADA’s current trajectory suggests potential for further growth , with analysts watching for a breakout above $0.795 and a possible run toward the $1 mark. You might also like: Sangha raises $14m to launch solar-powered Bitcoin mine in Texas