THE price of Cardano (ADA) is surging after reports that Grayscale has filed for a spot Cardano exchange-traded fund, similar to Bitcoin and Ethereum ETFs already listed.

The rally comes amid broader gains across the crypto market, with Fantom (FTM) and Litecoin (LTC) rallying more than 10% in the past 24 hours.

Bitcoin is inching closer to the psychologically significant $100,000 mark, trading above $98,000 this morning, while Ethereum has added over 2% overnight.

Despite the rebound, sentiment remains cautious. The Crypto Fear & Greed Index still reflects uncertainty, as investors weigh the impact of newly proposed tariffs on global markets, note analysts.

While the recent price action hints at a potential shift in momentum, traders remain on edge, waiting to see if this rally has legs.

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In the markets 

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🌦️The Data

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🌍 Total crypto market cap

$3.24 trillion, up by 1.53%

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🟠 Bitcoin (BTC)

• Price: Currently trading at $98,127, reflecting a 0.43% increase in the last 24 hours.
• Daily high: $98,508
• Daily low: $96,882
• Market cap: Approximately $1.93 trillion
• 24-hour trading volume: $35.86 billion

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💎 Ethereum (ETH)

• Price: Currently trading at $2,711.70, up 2.54% in the last 24 hours.
• Daily high: $2,722.37
• Daily low: $2,637.55
• Market cap: Approximately $318.03 billion
• 24-Hour trading volume: $20.78 billion

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📈 S&P 500

The S&P 500 index is at 6,025.99, down 0.95% from the previous close.

😬 Fear & Greed Index

The Crypto Fear & Greed Index is currently at 35, indicating a sentiment of fear among investors.

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📊 Bitcoin Relative Strength Index (RSI) (14)

The 14-day RSI for Bitcoin is at 46, suggesting that the asset is neither overbought nor oversold at this time.

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‍Post Script…

Cautionary Notes

‍‍It's definitely tempting to get swept up in the excitement, but please heed these words of caution: Do your own research, only invest what you can afford, and make good decisions. The indicators contained in this article will hopefully help in this. Remember though, the content of this article is for information purposes only and is not investment advice or any form of recommendation or invitation. The Digital Commonwealth always advises you to obtain your own independent financial advice before investing or trading in cryptocurrency.