Cardano ADA Surges 13% Amid Easing Trade Tensions
The Cardano (ADA) price experienced a significant 13% surge on Wednesday, driven by a reduction in global trade tensions. US President Trump’s announcement of a 90-day pause on new tariffs for certain countries sparked a rally in risk assets, including cryptocurrencies. ADA’s price climbed from $0.50 earlier in the week to $0.63, marking a 23% increase. However, the market remains cautious as tariffs on Chinese imports were simultaneously raised to 125%, reflecting ongoing geopolitical uncertainties. As of April 11, 2025, Cardano appears to be stabilizing near the $0.62 level following these developments.
Cardano Price Jumps 13% as Trade Wars Ease
The Cardano (ADA) price increased by 13% on Wednesday due to a reduction in trade tensions. US President Trump announced a 90-day pause on new tariffs for some countries, leading to a rally in risk asset markets. The Cardano price rose from $0.50 on Monday to $0.63, marking a 23% increase. However, tariffs on Chinese imports were increased to 125% due to China’s lack of respect for world markets.
Cardano Stabilizes Near $0.62 After Trump’s Tariff Pause
Cardano stabilizes around $0.62 on Thursday after a sharp recovery triggered by US President Donald Trump’s decision to pause tariffs for 90 days except for China and other countries that had retaliated against the reciprocal tariffs announced on April 2. Cardano gains traction in tandem with other cryptocurrencies as traders react positively to the news. Cardano founder Charles Hoskinson predicts Bitcoin could hit $250,000 in 2025 as markets stabilize from the tariff turmoil. Bulls defend $0.50 support ahead of a potential MACD buy signal.
Cardano’s 8% Surge Could Propel ADA Past Key Resistance Level
Cardano’s ADA cryptocurrency has surged by 8% over the past day, hinting at growing investor confidence. Technical indicators suggest renewed bullish momentum, with the Chaikin Money Flow (CMF) rising and indicating increased capital inflow and accumulation. The CMF, which measures money flow into and out of an asset, is currently above the zero line at 0.05 and in an uptrend, signaling that buying pressure is stronger than selling pressure and growing bullish sentiment in the ADA spot markets.
Cardano ADA Potential Rise with Bitcoin
In the last month, Cardano (ADA) has seen a nearly 20% decline. However, with the crypto market gaining momentum and Bitcoin (BTC) showing bullish signs, could ADA be on its way up? Charles Hoskinson, the founder of the Cardano Network, predicts that Bitcoin could reach as high as $250,000, with a sharp rise in speculative interest likely by late summer. He suggests that the markets will stabilize and get used to the new normal, potentially leading to a bullish period for cryptocurrencies including Cardano.
