$ADA Cardano: Price Under Pressure Despite Bitcoin Bridging

Despite the first Bitcoin-Cardano bridge being operational, ADA continues to remain below $0.65, held back by macroeconomic pressures. Bitcoin and Cardano bridging success opens up promising DeFi scenarios, but ADA struggles to react. Amid uncertainty over US rates and trade tensions, the market remains cautious despite technological innovations.

Cardano (ADA) continues to remain under pressure, despite the momentous news on Monday. Bitcoin bridging firm BitcoinOS has successfully completed the first transfer of BTC between the two blockchains. The company transferred 1 BTC token to the Cardano blockchain, and then smoothly transferred it back to Bitcoin. However, this news did not generate the hoped-for enthusiasm. ADA is still trading at $0.65, after losing key technical support at $0.67. A Market Under PressureAfter a rally in recent weeks, fueled by hopes that President Trump would ease his trade war, cryptocurrencies are facing renewed tensions.

ADA has lost more than 10% from its late-April highs, falling below its 21-day and 50-day moving averages. In addition, uncertainty is growing ahead of the FOMC interest rate decision, scheduled for tomorrow evening, as a tight monetary policy could hurt risk assets such as cryptocurrencies.Traders are also monitoring developments related to the trade war, which has already caused significant volatility, distracting attention from Cardano’s technological advances, such as the success of BitcoinOS bridging. Cardano as a DeFi Sidechain for BitcoinThe BitcoinOS test positions Cardano as a potential go-to sidechain for Bitcoin DeFi in the coming year. Analyst Dan Gambardello, in a post on X, called Cardano “the bluechip altcoin best positioned for a bull market,” thanks to its ability to integrate Bitcoin liquidity into decentralized applications.#writetoearn