On the other hand, the Cardano (ADA) currency maintained a support level at $0.70, with an increase of 1.3% over the past 24 hours.
Regarding stablecoins, their supply has increased significantly, indicating the possibility of a continued upward trend in the cryptocurrency market.
On another note, Ripple has obtained its first license in the Middle East to provide cryptocurrency payment services, enhancing its presence in the region.