Cardano (ADA) surges 6.01% as Lace Wallet integrates Bitcoin

Cardano (ADA) has experienced a significant surge, climbing over 6% in the past 24 hours. This upward momentum is driven by a substantial increase in trading volume and a surge in bullish sentiment, following the integration of Bitcoin on the mainnet by Lace Wallet.

ADA's price has risen from $0.5308 to a daily high of $0.5932, settling at $0.5813, marking a 6.01% gain. This rally is supported by an 11.92% increase in trading volume, indicating a growing interest from investors who are eager to capitalize on the next leg of ADA’s rally. The surge comes after a period of consolidation where ADA held strong support at the $0.52 level. With bullish momentum returning, analysts suggest that a decisive break above the $0.60 resistance could open the door for further gains toward $0.70. If ADA maintains this momentum and remains above key resistance zones, many believe the $1 milestone may soon be back in reach.

Fueling this price surge is a major update from the Cardano ecosystem. The network’s native wallet, Lace, has officially integrated Bitcoin (BTC) support on its mainnet. This development was confirmed by Cardano founder Charles Hoskinson, who announced that Bitcoin support is now live in Lace version 1.24. This update marks a significant step forward for Cardano’s interoperability ambitions. By enabling Bitcoin transactions through the Lace Wallet, Cardano users can now interact more seamlessly with the world’s leading cryptocurrency, bridging the gap between ADA and BTC ecosystems. This strategic move is already sparking speculation about future integrations, including potential support for other major assets like XRP.

Investors view this integration as a highly bullish development. Enhanced functionality in the Lace Wallet may attract new users and increase activity on the Cardano network. As utility rises, so too does investor confidence, creating a positive feedback loop that could further boost ADA’s value. From a technical standpoint, ADA is now at a critical juncture. If the token can break and sustain above the $0.60 resistance level, analysts believe a push toward $0.70 and eventually $1 is plausible. Rising trading volumes, improving sentiment, and increased user activity all support this bullish scenario.

However, market watchers caution that ADA must maintain upward pressure to avoid falling back into a consolidation phase. Key support remains around $0.52, while $0.60 and $0.70 will be closely monitored resistance zones in the near term. Cardano’s recent surge, driven by Lace Wallet’s Bitcoin integration, highlights the network’s push toward broader adoption and cross-chain functionality. With trading momentum building and technicals aligning, ADA may be on the verge of a major breakout. If bullish sentiment persists, the long-awaited $1 milestone could soon come back into view for Cardano investors.