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 $30,000 didn’t last for a long time as the asset dropped below this level and below $29,000 so the altcoins are in no better condition with ETH sliding below $1800 and both SOL and TRON marked substantial daily losses. 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.