Cardano's price has been affected by the recent surge in Bitcoin's value, reaching above $69,000 due to Iran ceasefire talks. This movement has lifted the entire altcoin layer, including Cardano, with a 3% increase.
The fundamental case for Cardano remains strong, with institutional progress through Midnight bank validation and Monument Bank tokenization. However, despite this, Cardano's price still lags behind its all-time high by 92%.