Cardano News Updates 12th JAN 2023

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Cardano News Updates 12th JAN 2023

In recent Cardano news updates, the price has increased by more than 25 percent in the past week.

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Cardano is on the rise because its price has gone up by 21.63% this week because whales are buying again. The price of Bitcoin has also gone up and passed the $18,000 mark. The charts on the crypto market have been turning red because the coins are up by a good amount.

Cardano has gone up

In the last week, Cardano has gone up by 21.63%. ADA token went up by 2.47 percent in the last 24 hours. Cardano has gone past the 0.3 USD mark, which was a level of resistance. At the moment, it is worth 0.3231 USD. The token has a market cap of 11,539,000,000,000 USD. Compared to the day before, the number of trades goes up by 6.04 percent.

Since the beginning of the year, Cardano has been going up. As we started a new year, the whale counts for ADA started up again.

The total value of all cryptocurrencies on the market is now 884.95 billion USD. This is a 3.08% increase in the last 24 hours. In the last 24 hours, the total value of the crypto market was 47.52 billion USD, which is a 37.96% increase from the day before.

Bitcoin Surges

This week, the Bitcoin token BTC was finally worth more than $18,000 USD. In 2022, Bitcoin and many other coins in the crypto world had a very rough year. The price of Bitcoin went down gradually over the course of the year because of a number of crashes.

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At the moment, Bitcoin is worth 18,158 USD, which is a rise of 3.97% in the last 24 hours. Compared to the day before, the number of trades went up by 41.09%. The market cap is now 349.336 billion USD more than it was before. In the last seven days, it has gone up by more than 8%.

El Salvador Passes Law

El Salvador’s new law on the issuance of digital assets is good news for people who own bitcoin. In November 2022, it was put forward as a bill in the state’s parliament. After getting 62 votes, it was passed. The goal of the law is to make it legal for people in the country to use digital assets. Salvador has always liked bitcoin.

Source: Google Trend

By Vil Joe

A writer and editor based out of San Francisco, Vil has worked for The Wirecutter, PCWorld, MaximumPC and TechHive. Her work has also appeared on InfoWorld, MacWorld, Details, Apartment Therapy and Broke-Ass Stuart. In her spare time, she takes too many pictures of her cats, watches too much CSI and obsesses over her bullet journal.

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