- Cardano’s Lace wallet now supports Bitcoin, marking its first step toward becoming a multichain platform and boosting future ADA utility and adoption.
- Despite the bullish tech update, ADA’s price has stayed flat around $0.70 for over 10 days, with trading volume dropping by 83 million ADA—signaling investor caution.
- For a breakout, ADA needs to reclaim $0.75 with strong volume; otherwise, it risks slipping toward $0.65 support if momentum doesn’t build soon.
Cardano’s ($ADA) been kind of… stuck lately. On Friday, the price hovered just above $0.70, same as it’s been doing for about 10 days now, barely moving more than 5% either way. Not exactly fireworks. But behind the scenes? There’s something stirring—especially with the Lace wallet update that just dropped.
Lace Wallet Goes Multichain – Bitcoin First Up
So, here’s the big deal: Input Output (IO), the team behind Cardano, announced that Lace, their Web3 non-custodial wallet, now supports Bitcoin. Yep—BTC is officially integrated. That means Cardano’s slick wallet just got a lot more versatile. Now users can hold, send, and manage their Bitcoin right alongside ADA and other assets.
Brandon Wolf, GM over at Lace, put it like this:
“The future of blockchain is multichain… Bitcoin was the obvious next step. And honestly, we’re just getting started.”
And it makes sense. Bitcoin’s been gaining steam in DeFi lately—Layer 2s, smart contracts, the whole thing. This move taps into that momentum.
So What’s in It for Cardano Holders?
On the surface, it might look like just another wallet update, but there’s more going on here:
- Secure BTC Storage: You can now stash Bitcoin right in your Lace wallet, no centralized exchange needed.
- DeFi Ready: With Bitcoin DeFi picking up steam, Lace users are better positioned for what’s coming next.
- Easier Asset Management: One wallet, multiple blockchains—less chaos, more convenience.
- ADA Gets a Boost: Interoperability like this could make ADA more useful beyond its own ecosystem.
And this is just the start—IO says they’re planning support for more chains soon. If done right, Lace could become a go-to multichain wallet. Think of it as a sleek little hub for all your Web3 stuff, all in one place.
Price Action? Not So Impressive—Yet
Back to ADA’s price. It’s just kinda… sitting. Around $0.70. Same spot it’s been for over a week now. Meanwhile, trading volume dropped big—about 83 million ADA gone from daily volume on Friday. That’s roughly $80 million worth of action that vanished.
Sure, the Lace news is cool, but investors seem to be holding off. Maybe waiting for a better signal before jumping in.
Other major Layer-1s like ETH, XRP, and SOL also dipped a bit, so ADA isn’t alone in the quiet zone.
What’s Next for ADA? Breakout or Breakdown?
If ADA wants to make a move, it’s gotta punch through the $0.75 resistance—and do it with volume behind it. Otherwise, we might be stuck in this tight range a while longer.
On the flip side, if things go south, $0.65 is looking like a critical support zone to watch.
In short: big moves on the tech side, but price? Not budging—yet. With multichain ambitions getting real and BTC support now live, Cardano’s setting the stage. The question is whether traders are ready to pay attention… or if they’re still waiting for something bigger to bite.
