ADA Surges Over 10% in 24 Hours as Investors Reclaim $1 Support: What’s Next?

Cardano surged 10.01% to $1.0033, marking its largest one-day gain since January 3, with a market cap of $34.8 billion.
Over the past week, Cardano dropped 3.88%, trading in a range of $0.8812 to $1.0367, and remains 67.62% below its all-time high of $3.10.
Bitcoin rose 4.84% to $96,534.7, while Ethereum gained 6.59% to $3,217.56, reflecting broader market strength.

Cardano ($ADA) surged 10.01% on Tuesday, trading at $1.0033 by 13:19 (18:19 GMT) on the Investing.com Index. This marks its largest single-day percentage gain since January 3, pushing its market cap to $34.8 billion, representing 1.04% of the total crypto market cap.

JUST IN: Cardano $ADA has reclaimed $1 🚀 pic.twitter.com/tf0bufFYKK
— BlockNews (@blocknewsdotcom) January 14, 2025

Trading Activity and Weekly Performance

In the past 24 hours, Cardano traded between $0.9381 and $1.0036, with a trading volume of $1.17 billion, about 0.86% of all cryptocurrency trades. Despite Tuesday’s rally, Cardano is still down 3.88% over the last week, trading in a wider range of $0.8812 to $1.0367 during that time.

While $ADA has rebounded, it remains 67.62% lower than its all-time high of $3.10, set on September 2, 2021.

Broader Crypto Market Snapshot

Other top cryptocurrencies also experienced gains:

Bitcoin climbed 4.84%, reaching $96,534.7, with a market cap of $1.91 trillion or 57.16% of the total crypto market.
Ethereum gained 6.59%, trading at $3,217.56, with a market cap of $386.54 billion, about 11.57% of the crypto market value.

These movements come as the crypto market navigates mixed signals, leaving traders cautiously optimistic about future trends.

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Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.