Cardano (ADA) captured significant upward momentum following the recent approval of Bitcoin’s spot ETF, standing out even among other rising altcoins. Within a 24-hour period, ADA’s price experienced an impressive surge of 13.31%, reaching $0.5857. This increase was one of the clearest indicators of the positive impact the ETF approval had on ADA. The developments specific to ADA were not limited to just a price increase. There was also a notable increase in the total number of addresses holding ADA. The slowdown remains an issue that investors, who are assessing their commitment to the price and cryptocurrency, should carefully consider.
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