Big Cardano news underway: Cryptocurrency Exchange Bitrue
In a recent tweet, top cryptocurrency exchange Bitrue maintains its ”big Cardano news” is still underway.
Bitrue announced earlier that he was going to make a special announcement that will demonstrate his “true” support for Cardano shortly after SUNDAE listed.
In further updates, Bitrue says its next phase of Cardano (ADA) support is expected to launch on Feb. 24. Bitrue has remained a vocal backer of Cardano’s endeavor to be the first trading platform to facilitate the trade of Cardano native assets with the launch of OccamFi.
Positive news on the horizon despite falling prices
UK law firm gunnercooke has announced that it now accepts cryptocurrencies such as Bitcoin, Ethereum and Cardano as payment for legal and professional services, claiming to be the first major law firm in the UK to do so . Coinpass, a UK-based crypto exchange, has partnered with gunnercooke to make transactions possible.
As reported by U.Today, the Cardano blockchain has experienced an explosion in on-chain activity, even surpassing top cryptocurrencies Bitcoin, Litecoin and Ethereum in terms of transaction volume lately.
Amid a string of supportive fundamentals, Cardano’s price has been steadily declining since hitting all-time highs of $3.09 in September 2022. The declines intensified as ADA took a beating, as well as the rest of the cryptocurrency market year-to-date. On Feb. 22, ADA plunged to $0.12, the lowest level since late April 2021. At a current price of $0.88, ADA remains down 71.93% from its lows. historic highs.
