Cardano prices DIPS Post-Bitcoinos demo as a battery battery still exists

Cardano price pulled on Monday, even after Bitcoinos demonstrated the first transfer of Bitcoin between Bitcoin and Cardano.

Cardano (Ada) fell to $ 0.6,595 on Monday, from 12.3% since April high and 50% lower than the top of 2024. years. This return came as a bitcoin (Btc), most Altcoina and the wider market market opala opala opala after the notice of Donald Trump per 100% tariff on foliff films.

The ADA dropped the main network turning point, because Cardano aims to become a significant player in Bitcoin. In a statement, Bitcoinos discovered that he had successfully demonstrated the first BTC transfer between Bitcoin and Cardano Mainnets.

The first step was to lock one BTC on Bitcoin layer 1 using Binnark protocol. They then wrapped it into a new token known as the XBTC, which is non-custody, cryptographic and programmable coin reminiscent of eating (ElNetwork.

After that, developers sent their 1XBTC from their Bitcoin wallet to Sundial’s cardano wallet. This was a big move that is considering that no bridge or guardian did not act as an intermediary.

Cardano hopes that this breakthrough will introduce new possibilities to our network and increase the total value of the property locked on the chain.

This is key development because Bitcoinsko rest is growing rapidly within the CRIPTO ecosystem. Toward Defi Llama58 protocols, with a total amount locked by almost $ 10 billion, focuses on making empty bitcoin productive. These include the Babylon Protocol, Lombard Finance and Solv Protocol.

The second BILP signal for Cardano is constantly accumulation of ADA by large carriers. The data on the chain show that the wallets held between a million and 10 million ads increased its farm to 5.76 billion, more than 5.65 billion in April. The wallets with 10 million and 100 million ADA also grew the balance on 12.8 billion.

Cardano price Technical analysis

The daily shows that Ada fell from High $ 1,328 in November last year to $ 0.657. He founded the channel falling and recently failed to break above the upper limit, a sign that customers reluctantly commit above this resistance.

Cardano also fell under 61.8% of recent levels in Fibonaci to $ 0.68 and is now traded under 100-day exponential average average. The relative power index is immersed below the neutral 50 marks, reinforcing the bear. As long as Ada remains below the top of the channels and 100-day EMA will probably remain under pressure. If the bear moment continues, a further drop in support zone of $ 0.50 is possible.