Cryptocurrencies Price Prediction: Cardano, Bitcoin & Crypto – European Wrap 29 April

Cardano Lace Wallet integrates Bitcoin, boosting cross-chain capabilities

Cardano (ADA) co-founder Charles Hoskinson announced Monday that Bitcoin (BTC) is integrated into the Lace Wallet, expanding Cardano’s ecosystem and cross-chain capabilities. This integration enables users to manage BTC alongside Cardano assets, providing support for multichain functionality. The news failed to move Cardano’s price significantly, with ADA trading in a narrow range near $0.70 at the time of writing on Tuesday, but it suggests a positive outlook for the token.

Bitcoin Price Forecast: BTC eyes $100,000 amid Arizona Reserve plans, corporate demand, ETF inflows

Bitcoin (BTC) price is stabilizing around $95,000 at the time of writing on Tuesday, and a breakout suggests a rally toward $100,000. The institutional and corporate demand supports a bullish thesis, as US spot Exchange Traded Funds (ETFs) recorded an inflow of $591.29 million on Monday, continuing the trend since April 17. Moreover, MicroStrategy (MSTR) announced that it had acquired 15,355 BTC for $1.42 billion, and the US state of Arizona passed a bill that allows the state treasurer and retirement system to invest up to 10% of available funds in digital assets, specifically BTC.

Crypto fraud soars as high-risk addresses on Ethereum, TRON networks receive $278 billion

The cryptocurrency industry is growing across multiple facets, including tokenized real-world assets (RWA), futures and spot Exchange Traded Funds (ETFs), stablecoins, Artificial Intelligence (AI), and its convergence with blockchain technology, as well as the dynamic decentralized finance (DeFi) sector. Increased market capitalization and the continued adoption of the blockchain infrastructure are commendable milestones. At the same time, criminal enterprises are seeing a parallel boom, as they increasingly leverage the crypto infrastructure, morphing their activities into complex systems that make it harder for law enforcement authorities to trace.