Cryptos gain alongside stocks.
Bitcoin rallied after Coinbase announced it will add crypto to its balance sheet.
ADA's price is up a staggering 19% on the day and has unseated BNB as third-most valuable crypto by market cap.
Expectations are rising for the blockchain to implement smart-contract functionality by next month.
Analysts expect bitcoin to remain above its 200-day moving average.
"We still have support at $44,000 and $42,000, which is the line in the sand for short-term momentum," one investment officer said.
Bitcoin and other cryptocurrencies are consolidating near recent highs.
Bitcoin is joined by ether and cardano, which have surged 11% and 53% in the last seven days respectively.
The largest cryptocurrency by market value was trading close to its highest level in more than two months
The plan to add smart contracts next month could defy skeptics who have bet that the functionality wouldn't come anytime soon.
The digital-asset manager sold some existing constituents of the fund and used the proceeds to purchase ADA.
Runtime Verification checks smart contracts for errors, perhaps most famously with Uniswap.