Cardano price rose for the second consecutive day on Thursday, July 3, as most cryptocurrencies rebounded.
Cardano (ADA) jumped to a high of $0.60, gaining over 17% from its June lows and reaching its highest level since June 18. The move pushed Cardano’s market capitalization above $21 billion.
The rally followed a key development from Fluid Tokens, which conducted the first on-chain transaction proving the Bitcoin (BTC) state on Cardano. In their announcement, the developers noted that this marked the beginning of a Cardano–Bitcoin bridge.
Charles Hoskinson and the Cardano team have long been working on incorporating Bitcoin into the Cardano blockchain, a move they believe could eventually enable trillions of dollars in value to flow through the network.
