The crypto market is back ‘breathing’ as investors began to see signs of recovery in Bitcoin (BTC) trading at the start of the week.
The BTC crypto king is back trading above the $ 31,000 price level after suffering losses for nine consecutive weeks.
This was also followed by gains in other cryptocurrencies especially Cardano (ADA) which led with a jump of around 14% to trade above $ 0.64 on Tuesday.
The Cardano ecosystem has seen some significant pullbacks when the price broke the $ 0.50 resistance level following the launch of the Ethereum-Cardano link token.
The world’s second-largest USDC and ERC-20 IAG stablecoin tokens can now be connected from Ethereum to the Cardano network via the ‘Iagon bridge’ powered by Milkomeda’s sidechain.
It is a basic solution that will help bring large amounts of funds to the network.
Over the past 7 days, Cardano has recorded an increase in value by earning a profit of over 25%.
Meanwhile, investors were also seen strengthening other major cryptocurrencies, with Ethereum (ETH) stable at $ 1,970 while Solana (SOL) was trading at around $ 46.40.
