ADA Shines and Bitcoin Moves

Bitcoin price has shown positive movement over the past few hours, surpassing the $98,000 level, but it is struggling to maintain this level.

In contrast, several altcoins have recorded strong gains, with ADA leading the rally with a 14% increase.

Bitcoin Move:

After a volatile week that saw Bitcoin price range between $102,000 and $92,000, the coin has since settled in a tight range.

Bitcoin price tried to surpass the $100,000 level on Friday but the move was met with strong rejection, leading the coin to retreat towards $96,000 over the weekend.

Bitcoin price started Monday with a decline towards $95,000, but bulls managed to defend this level, pushing the price towards $98,000.

However, the coin is still unable to stabilize above this level.

Bitcoin’s market cap has reached $1.945 trillion, but its dominance over altcoins has fallen to less than 58%.

ADA shines:

The positive news around ETFs has impacted altcoins’ performance.

LTC continues its gains, rising another 10% to approach $130.

But the star of the day is Cardano (ADA), which jumped 15% to $0.8 after Grayscale introduced a new ETF.

SUI also rose by a similar amount, topping $3.5.

Among the major altcoins, BNB, DOGE, AVAX, and XLM posted solid gains, while PEPE jumped 9% to surpass $0.00001.

In total, the cryptocurrency market cap has risen by $60 billion overnight, topping $3.35 trillion.