Bitcoin Cash
cryptocurrency market cardano

Bitcoin and Cryptocurrencies Surge After Recent Drop Below $9,000 – ADA Comes Back to Top 10

· in Breaking, Bitcoin News, Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.
Register for UTB Token Exclusive Presale Access

The entire cryptocurrency market is now recovering after a recent drop that pushed Bitcoin (BTC) below $9,000 for a brief period of time. Today, the market is now operating in positive territory with Bitcoin registering a 4.58% increase. Surprisingly, ADA surged by almost 10% in the last 24 hours. 

Cryptocurrencies Operate In Green

Bitcoin was able to come back to $9,000 and rapidly move to $9,500 after yesterday’s price drop to $8.895. The entire crypto market moved down and many digital assets fell even more than Bitcoin, which shows the largest digital currency continues to be the leader in the market. 

Now, Ethereum (ETH), XRP, Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), Binance Coin (BNB) and EOS, are registering gains in 24 hours. This shows the entire market is now turning bullish again. 

Indeed, the recent drop below $9,000 for Bitcoin showed that once the digital asset falls there are buyers ready to sustain these levels. It will be certainly important to see how this will continue in the coming days and whether the recent price increase was good for Bitcoin to finally surpass and stay above $10,000.  

Cardano Takes The Lead

The surprising thing is that Cardano price was able to recover the top 10 after surpassing Coin (CRO). Now, Cardano is expanding by almost 10% and it can be acquired for $0.0788 and it has a market capitalization of $2.04 billion. In the last 24 hours, Cardano registered a trading volume of $313 million. 

Cardano and the team behind this virtual currency are working in order to offer users the possibility to have a functional network with innovative solutions and services. Currently, there are more than 200 stake pools on the Shelley testnet. At the moment, the network is being tested and making all the necessary improvements before they release the official version to the market. 

Charles Hoskinson, the founder of Cardano is definitely bullish about the future of the virtual currency and the network. He stated that in August, hundreds of operators will be running Cardano. He continued that in a few years, thousands of operators will be working with it and also with Hydra channels, Oracles and many other decentralized solutions and services.