Cardano – CRYPTORY

Increasing stock market volatility drags Bitcoin and altcoin prices lower

Growing concerns over rising U.S. Treasury yields are putting pressure on global financial markets and possibly dragging cryptocurrency prices lower.

Cardano is soaring, though Ada’s price still has a long way to go to beat its record high vs. Bitcoin.

Bitcoin and most major altcoins remain rangebound with the exception of Cardano.

Cross-chain interoperability and lucrative DeFi yield opportunities appear to be supporting the price recovery in Cardano, Matic and Stacks.

Bitcoin and altcoins both saw a strong bounce off their intraday lows, which signals that traders still view dips as buying opportunities.

Bitcoin’s rally to a $1 trillion market cap could attract more buyers to the crypto sector and boost the price of several altcoins.

Cardano’s Mary upgrade and token gains are poised to compete with Ethereum, while metrics suggest that Ethereum is still king.

Altcoins are soaring to new highs while Bitcoin price trades in a sideways range near the $47,000 support.

With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.

Bitcoin and ether had record-breaking days while trending more together.