Cryptocurrencies remain under pressure on Friday, reflecting risk-off sentiment ahead of September. Attempts to sustain Bitcoin (BTC) price recovery have consistently failed, with Bitcoin trading below $110,000 at the time of writing.
Cardano (ADA) offers bullish signals on Wednesday underpinned by strong sentiment in the broader cryptocurrency market. ADA exchanges hands at around $0.87, up over 4% at the time of writing.
The cryptocurrency market is widely consolidating on Tuesday ahead of the release of the United States (US) Consumer Price Index (CPI) data. Bitcoin (BTC) holds above a key range support of $117,000 and $118,000 following the breakout to $122,335 on Monday.