Cardano is expanding its cross-chain capabilities. On Monday, Cardano co-founder Charles Hoskinson announced via X (formerly Twitter) that the Lace Wallet now supports Bitcoin, marking a significant step in interoperability.
Bitcoin Now Supported in Cardano’s Lace Wallet Alongside ADA
Lace, developed by Input Output Global (IOG), was originally designed for managing Cardano-native tokens like ADA. With the latest update, users can now also store and interact with Bitcoin directly within the wallet. The update introduces new features including Firefox compatibility and behind-the-scenes performance enhancements.
“With this release, Lace becomes even more accessible and versatile,” the team said in a blog post, noting that Bitcoin integration is still in beta but represents a major usability improvement.
While the announcement didn’t cause a dramatic market reaction, it aligns with Cardano’s broader vision of building cross-chain functionality and offering users a more unified crypto experience.
ADA Price Update: Recovery Continues, But Resistance Ahead
At press time, ADA is trading around $0.71, near its 200-day Exponential Moving Average. The token is moving in a narrow range between $0.7090 and $0.7105, signaling caution among traders.
Yesterday, ADA briefly dropped to $0.66 but has since rebounded. A close above $0.74 could open the door to a move toward the $0.80 level. Meanwhile, the Relative Strength Index (RSI) stands at 53, suggesting a balanced momentum between bulls and bears.
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