Bitcoin Breaks Record, Cardano soars on Grayscale ADA ETF Filing: Market Wrap

Bitcoin hit a new all-time high (ATH) above $124,000 on Wednesday, fueled by expectations of Federal Reserve rate cuts and positive sentiment toward crypto. Meanwhile, Cardano surged 17% after a filing to register a spot ADA ETF was submitted by Grayscale. Analysts attribute this rise to expanding DeFi applications and increased institutional investment. BTC has since fallen from its highs to $120,509, remaining mostly flat on the day.