Cardano (ADA) ticks higher by over 7% at press time on Thursday, reclaiming the $0.80 mark and hitting a new over one-month high. Both the increasing bullish bets on Cardano and the ADA Open Interest crossing $1.40 billion reflect the upbeat sentiment among derivative traders.
Cryptocurrency prices are relatively stable on Monday, with Bitcoin (BTC) holding below $109,000. An attempt made over the weekend failed to break through the round-figure psychological resistance at $110,000, leaving last week's peak of $110,530 untested.
Solana (SOL) is showing signs of extending its recovery, following a 4% increase to trade at $153 on Wednesday. This uptick in price comes amid key adoption milestones, including the launch of the first Solana staking Exchange Traded Fund (ETF) in the United States (US).