Some analysts are optimistic while others prefer to see stronger signs of upside momentum before calling a bottom.
Investors redeemed a net $141 million during the seven days through June 4, the highest weekly total on record, according to CoinShares.
The launch, due in weeks, marks a first for the three-and-a-half year old Cardano network.
BTC had climbed from $35,709 to as high as $42,441. Then the slide started.
That didn't take long: Bitcoin is already back to where it was at the start of Wednesday, just before the biggest sell-off in 14 months.
Investors are buying and no longer panicking.
Fully backed by ADA and DOT, the products are listing on the Nordic Growth Market.
The balance of bitcoin held on major exchanges is on the rise in what some analysts say is a bearish sign.
“What saddens me is the way the weak hands and recent buyers see Elon Musk as a prophet, powerhouse and decisive figure in bitcoin,” said one trader.
Atcoins are rising, ether hits another all-time high and bitcoin’s correlation to gold drops to zero.
Ethiopian schools will use the Cardano blockchain to track student performance, the government said.
Cardano builder IOHK said it is beginning to develop the code and does not expect to launch the project before 2022.
The XLM and ADA vehicles will go live on Monday.