Cardano Pumps 16%, Bitcoin Could Pop to $100K After Fed Rate Cut

Cryptos surge with ADA up 16% and BTC eyeing $100K after Fed rate cut.

: Cardano's ADA saw a 16% rise in 24 hours, influenced by a wider market rally and increased interest in decentralized finance. Bitcoin traders are setting a $100,000 target following the Federal Reserve's 25 basis points interest rate cut. Bitcoin ETFs in the U.S. registered net inflows of over $1.3 billion, reflecting a bullish market. Analysts predict Bitcoin could hit between $100-110K, despite potential short-term pullbacks.

Cardano's ADA surged by 16% within 24 hours, becoming a leader among major cryptocurrencies thanks to a marketwide rally, renewed interest in decentralized finance, and increasing appeal to retail investors. This uptick coincided with a rise in Bitcoin to over $76,000, along with positive movements in ether and Solana, pushing the CoinDesk 20 Index up by 3.5%.

The Federal Reserve cut interest rates by 25 basis points, aiding risk assets like Bitcoin by increasing liquidity and lowering the dollar's strength. This action, alongside over $1.3 billion net inflows into U.S. Bitcoin ETFs, primarily BlackRock’s IBIT, encouraged traders to consider a $100,000 target for Bitcoin's near-term price, indicating robust market optimism.

Experts suggest Bitcoin could reach $100-110K within months, noting the potential strategic value of Bitcoin reserves for the U.S. motivated by Trump's campaign promises. However, some caution about potential short-term pullbacks due to election-related shifts and fiscal policies like proposed tariffs on China and concerns about national debt impacting market sentiment.

CryptocurrencyBitcoinMarket Analysis