$ADA Crypto Market Update: Bitcoin Rises to $87,000, Cardano Attacks

As Bitcoin slowly recovers and climbs above $87,000, the ADA price shoots up by 15 percent. Have crypto investors weathered the worst?

Currently, the BTC price is not receiving support from US Bitcoin Spot ETFs. Over the past two trading days, they experienced net outflows of $217.7 million, according to data from Farside Investors.

With the stock markets opening in the US, many traditional investors sold off the second Trump pump yesterday. Previously, the prices reacted very positively to statements from the US President regarding a crypto reserve.

This reserve is set to include not only Bitcoin and Ethereum but also US coins Solana, Ripple, and Cardano. On Wednesday morning, the XRP price and the SOL price now see a 5 percent increase, while the ADA price once again rises over 15 percent and trades at $0.93.

Trump's crypto plans have drawn sharp criticism, especially towards Ripple. Even BTC skeptic Peter Schiff stated: “I can understand the reasons for a Bitcoin reserve. I don't agree with it, but I understand it. But what is the reason for an XRP reserve? Why on earth would we need that?”

In contrast, Cardano founder Charles Hoskinson defended the Ripple coin: “XRP is a great technology, a global standard, has survived many tough cycles for a decade, and has one of the strongest communities.”

Meanwhile, the Fear & Greed Index remains at “extreme fear” showing a score of 20. Many crypto investors appear to be unsettled. Seasoned investors could benefit from the difficult market phase now.