Cardano (ADA) saw a price increase following Grayscale's spot ETF application, while Bitcoin (BTC) remained rangebound on Tuesday, awaiting Federal Reserve Chair Jerome Powell's testimony on Capitol Hill. The testimony is expected to maintain a data-dependent approach, signaling no immediate interest rate cuts. Market-implied inflation rates have reached their highest levels since early 2023. In other news, Japanese mobile-game studio Gumi announced plans to purchase 1 billion yen ($6.6 million) worth of Bitcoin, mirroring Metaplanet's strategy, whose shares have surged 4,800% in 12 months.
Cardano Rises on ETF News, Bitcoin Awaits Powell, and Gumi Invests $6.6M in BTC
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