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Cardano (ADA) Gains Momentum Following Bitcoin Spot ETF Approval

Cardano (ADA) captured significant upward momentum following the recent approval of Bitcoin’s spot ETF, standing out even among other rising altcoins. Within a 24-hour period, ADA’s price experienced an impressive surge of 13.31%, reaching $0.5857. This increase was one of the clearest indicators of the positive impact the ETF approval had on ADA. The developments specific to ADA were not limited to just a price increase. There was also a notable increase in the total number of addresses holding ADA. The slowdown remains an issue that investors, who are assessing their commitment to the price and cryptocurrency, should carefully consider.

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