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Cardano (ADA) Price Skyrockets 10% as Bulls Regain Control
Crypto Trends

Cardano (ADA) Price Skyrockets 10% as Bulls Regain Control

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Cardano (ADA) is witnessing a significant rebound as bulls in the ecosystem appear determined to push the asset to reclaim lost gains. According to CoinMarketCap data, the price of ADA has spiked by 10% in the last 24 hours as traders are actively buying the coin.

Key resistance at $0.60 as Cardano investors eye $1

Notably, ADA’s value climbed from a low of $0.5308 to a peak of $0.5932 as transactions intensified. As of press time, investors have pulled back, leading to a slight drop in the value of Cardano on the crypto market.

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Cardano now exchanges at $0.5813, representing a 6.01% increase. However, trading volume is still up by double digits at 11.92%, translating to $1.17 billion in fiat currency.

Cardano Daily Price Chart | Source: CoinMarketCap

This development suggests that investors actively transact the coin in anticipation of further positive price movements. ADA’s technical charts signal that it has the potential to reach higher levels if supported by ecosystem bulls.

Cardano has been trapped in consolidation for the last couple of days, with the $0.52 level as crucial support. With this recovery, ADA must breach the $0.60 resistance level to confirm a bullish trend.

The coin could record explosive growth if Cardano bulls can push ADA and sustain its value above $0.70. If the broader crypto market is bullish, it will likely retest the psychological $1 level, which it last hit in February 2025.

Cardano Lace Wallet integration of Bitcoin sparks optimism

Meanwhile, positive developments that could further drive adoption have been rolled out in the Cardano ecosystem. According to Charles Hoskinson, Cardano founder, Lace Wallet has fully integrated Bitcoin on the mainnet and is now live.

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There are also expectations that more notable assets like XRP might be next for integration. As users anticipate what comes next, integrating Bitcoin to Lace 1.24 might support bulls in driving Cardano’s value toward the elusive $1 mark.



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23andMe founder Anne Wojcicki will regain control of embattled DNA company after all
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23andMe founder Anne Wojcicki will regain control of embattled DNA company after all

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In a surprise twist, 23andMe founder and former CEO Anne Wojcicki is set to regain control of the DNA company’s assets, according to a press release from 23andMe. In May, a company called Regeneron bought 23andMe for $256 million in a bankruptcy auction, but Wojcicki’s nonprofit, TTAM Research Institute, was able to reopen bidding with an “unsolicited offer” of $305 million, The Wall Street Journal reports.

A bankruptcy judge agreed to reopen bidding on 23andMe under the condition that Regeneron top Wojcicki’s proposed price by at least $10 million, according to WSJ. Regeneron declined, leaving 23andMe in TTAM’s control assuming the judge approves the deal. A hearing to consider the new deal is set for June 17, 2025.

Regeneron had previously planned to keep on all of the company’s employees and continue offering consumer DNA testing kits. Besides answering customers’ questions about their ancestry, 23andMe’s genetic data is valuable as a way to identify possible health risks, and in the case of Regeneron, as a tool for identifying drug targets.

It’s not completely clear what Wojcicki intends to do next, but 23andMe’s announcement includes a list of customer data and privacy protections TTAM Research Institute has agreed to, including continuing to allow customers to delete their data and opt-out of research, establishing a Consumer Privacy Advocacy Board and promising to “not sell or transfer genetic data” in the event of another bankruptcy — unless the buyer agrees to the same privacy protections.

Maintaining control of the company’s assets has been Wojcicki’s plan since 23andMe declared bankruptcy in March 2025. She originally resigned as the company’s CEO to make a bid on the company.

“I am thrilled that TTAM Research Institute will be able to continue the mission of 23andMe to help people access, understand and benefit from the human genome,” Wojcicki says. “We believe it is critical that individuals are empowered to have choice and transparency with respect to their genetic data and have the opportunity to continue to learn about their ancestry and health risks as they wish.”

23andMe had a turbulent few years prior to declaring bankruptcy, suffering a data breach in 2023 that impacted millions of customers and mass layoffs in 2024 that affected 40 percent of the company’s staff.

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CoinDesk Bot
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Token Drops Below $2.30 as Bulls Struggle to Regain Control

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Global economic tensions are weighing heavily on cryptocurrency markets as XRP experiences a significant correction amid heavy selling pressure.

The recent announcement of potential 50% tariffs on European Union imports by the US government has triggered widespread market uncertainty, with XRP falling alongside most major cryptocurrencies despite Bitcoin recently reaching new all-time highs.

Technical analysts point to critical support at the $2.25-$2.26 range, with market watchers warning that a break below this level could trigger deeper corrections toward the $1.55-$1.90 zone.

Meanwhile, institutional interest remains strong with Volatility Shares launching an XRP futures ETF and leveraged ETF inflows surging despite the price dip, suggesting Wall Street continues accumulating positions during market weakness.

Technical Analysis Highlights

  • XRP underwent a notable 3.46% correction over the 24-hour period, with price declining from $2.361 to $2.303, creating an overall range of $0.084 (3.57%).
  • The most significant price action occurred during the midnight hour (00:00), when XRP plummeted to $2.297 on exceptionally high volume (37.1M), establishing a strong volume-based support zone.
  • A secondary sell-off at 08:00 saw price touch the period low of $2.280 with the highest volume spike (39.9M), confirming a double-bottom formation.
  • In the last hour, XRP experienced significant volatility with a recovery attempt following the earlier correction.
  • After reaching a low of $2.297 at 13:11, price formed a base around $2.298 before staging a substantial rally beginning at 13:27, peaking at $2.307 at 13:36-13:39 with exceptionally high volume (627K-480K).
  • This bullish momentum created a clear resistance zone at $2.307, which was tested multiple times.
  • The final 15 minutes saw profit-taking pressure emerge, with price retracing to $2.300, establishing a short-term support level that aligns with the psychological $2.30 threshold.

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