Cardano’s Lace Wallet Swallows Bitcoin—Cross-Chain Domination Begins
Cardano just bulldozed another interoperability barrier. The Lace wallet now supports Bitcoin—no bridges, no wrapped tokens, just direct BTC transactions on a proof-of-stake chain. Eat your heart out, Ethereum.
Why this matters: ADA isn’t content being the ’academic’ blockchain anymore. With Bitcoin integration, Lace becomes a one-stop-shop for crypto’s two biggest tribes—the maximalists and the degens. Convenient, until the next exploit drains both asset pools.
Bottom line: Cardano’s playing chess while others fight over gas fees. But let’s see how long until the usual suspects call this ’a dangerous centralization vector’ (translation: their bags aren’t heavy enough yet).
Cardano’s co-founder welcomes Bitcoin
On Monday, Charles Hoskinson announced on his X post that Bitcoin is integrated into the Lace Wallet, a non-custodial wallet platform developed by Input Output Global (IOG), one of the key organizations behind the Cardano blockchain. Lace allows users to send, receive, and stake Cardano’s native cryptocurrency, ADA, and manage other digital assets on the network.
You can now use Bitcoin with Lace. Welcome home Bitcoin https://t.co/37Ms3BfTIZ
— Charles Hoskinson (@IOHK_Charles) April 28, 2025“With this release, Lace becomes even more accessible and versatile, introducing Firefox support, the beta rollout of Bitcoin, and several performance improvements under the hood,” says Lace in its blog post.
This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality. However, this news did not significantly impact Cardano’s price on Monday; nonetheless, it suggests a positive outlook for the long term as it expands Cardano’s ecosystem, enhances its cross-chain capabilities, and boosts wider adoption.
Cardano’s technical outlook suggests a rally if it closes above $0.74
Cardano price is facing resistance around its 200-day Exponential Moving Average (EMA) at $0.71 since last week and declined to find support at the 61.8% Fibonacci retracement (drawn from the August 5 low of $0.27 to the December 3 high of $1.32) at $0.66 on Monday. At the time of writing on Tuesday, ADA hovers around the 200-day EMA at $0.71.
If ADA breaks above the 200-day EMA and closes above its weekly resistance level at $0.74, it could extend the rally to retest its next daily resistance at $0.80.
The Relative Strength Index (RSI) stands at 59, indicating bullish momentum, as it is positioned above its neutral level of 50. The Moving Average Convergence Divergence (MACD) also exhibited a bullish crossover last week, providing a buy signal and indicating a potential continuation of the upward trend.
ADA/USDT daily chart
However, if ADA’s daily candlestick closes below the 61.8% Fibonacci level at $0.66, it could extend the decline to retest its April 22 low of $0.61.
