Cardano has announced an integration with BitcoinOS (BOS), a Bitcoin smart contract platform, allowing access to Bitcoin’s liquidity worth $1.3 trillion for its decentralized finance (DeFi) ecosystem. This comes as ADA and BTC prices have shown little correlation. The integration could potentially strengthen the ties between Cardano and Bitcoin, which have seen a decline in ADA's price against BTC in recent months. Cardano founder Charles Hoskinson believes the BitcoinOS bridge will enable Cardano to assist Bitcoin in DeFi. Currently, ADA's price is $0.34 and may face a potential drop to $0.31 or even $0.28 in the short term, but a rise in Bitcoin's price could trigger a recovery for ADA to $0.41.



Other News from Today