Bitcoin Trades Sideways Despite Positive Inflation Data and Successful US-China Trade Deal
Cardano’s ADA Gains 3%, Buoyed by Inclusion in Nasdaq’s Crypto Index
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Helene Braun
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BTC
$109,135.66
+
1.31%
ETH
$2,741.03
+
7.15%
USDT
$1.0001
–
0.05%
XRP
$2.2812
–
0.14%
BNB
$661.99
+
0.60%
SOL
$158.16
+
1.67%
USDC
$0.9997
–
0.01%
DOGE
$0.1915
+
3.01%
TRX
$0.2924
+
3.20%
ADA
$0.6986
+
2.50%
HYPE
$40.28
+
6.32%
SUI
$3.4331
+
2.35%
LINK
$15.47
+
9.59%
AVAX
$22.03
+
3.66%
XLM
$0.2770
+
2.92%
BCH
$429.79
+
2.04%
TON
$3.3208
+
1.57%
LEO
$8.8676
–
3.90%
SHIB
$0.0₄1303
+
2.93%
HBAR
$0.1799
+
4.35%
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By Helene Braun, CD Analytics|Edited by Sheldon Reback
Jun 10, 2025, 3:26 p.m.
- Cardano’s ADA token rose after being added to Nasdaq’s expanded crypto benchmark index.
- ADA’s trading volumes surged 68%, indicating increased market activity.
- The $0.70 level is a key psychological support zone for ADA’s price stability.
Cardano’s native token ADA
added 3% in the past 24 hours after Nasdaq said it expanded its crypto benchmark index from five to nine assets, adding ADA alongside XRP
, Solana
and Stellar
.
ADA experienced significant price volatility overnight, establishing a 8.8% trading range between $0.66 and $0.72, according to CoinDesk Research’s technical analysis. It was recently trading at $0.6951.
STORY CONTINUES BELOW
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Trading volumes for ADA have increased 68% over the past 24 hours, suggesting active market participation despite uncertain conditions. Its addition to the Nasdaq index could significantly increase Cardano’s visibility among traditional investors.
Market analysts note the $0.70 level has emerged as a crucial psychological support zone that will likely determine ADA’s short-term trajectory following its earlier bullish momentum.
The CoinDesk 20 Index, which tracks the broader crypto market performance, is up about 4% over the past 24 hours.
Technical Analysis
- ADA exhibited significant volatility over the 24-hour period, establishing a 8.8% trading range between $0.66 and $0.72 before dropping 3.3%.
- The price action formed a clear uptrend from $0.67 to $0.72 with strong volume support at the $0.68 level.
- The recent pullback from $0.72 to $0.69 suggests profit-taking after the rally, with the 0.70 level emerging as a key psychological support zone.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Helene is a New York-based markets reporter at CoinDesk, covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. She is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.
CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.
All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.
CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.
