On Monday, Charles Hoskinson, co-founder of Cardano, announced on X that Bitcoin has been integrated into the Lace Wallet. This update allows users to manage their Bitcoin alongside ADA and other Cardano-based tokens within the same platform.
Lace, developed by Input Output Global (IOG), is a lightweight wallet designed for seamless management of ADA and other digital assets. With the latest update, Lace now supports Firefox browsers, includes several performance upgrades, and adds beta support for Bitcoin.
“With this release, Lace becomes even more accessible and versatile, introducing Firefox support, the beta rollout of Bitcoin, and several performance improvements under the hood,” the Lace team explained in a blog post.
Technical Analysis
While the announcement didn't lead to a major price reaction, it represents a key step forward for Cardano’s broader cross-chain vision.
ADA is currently trading near $0.70, moving between $0.7105 and $0.7090, and hovering around its 200-day Exponential Moving Average (EMA) at $0.71. After briefly dipping to $0.66 yesterday, ADA has recovered its ground. If ADA can break above $0.74 and close there, the next potential target is $0.80.
The Relative Strength Index (RSI) stands at 53, slightly above the neutral 50 line, indicating a balanced tug-of-war between buyers and sellers. While price momentum remains steady, the new functionality in Lace adds another building block in Cardano’s ongoing push for broader blockchain interoperability.
Bottom Line: Bitcoin integration into Lace strengthens Cardano’s cross-chain vision, boosting the wallet’s versatility and positioning Cardano for future growth, even as ADA’s price remains stable for now.
