Cardano 'Lace' Wallet Integrates Bitcoin, Kicking off Multichain Expansion

# Cardano's Lace Wallet Integrates Bitcoin Blockchain, ADA Rises 4.17% Cardano's non-custodial light wallet, Lace, has integrated the Bitcoin blockchain as part of its multi-chain strategy, according to an announcement on X (formerly Twitter) on the 20th. Following the announcement, Cardano's ADA token rose approximately 4.17%, briefly touching $0.75. This integration allows users to manage Bitcoin directly from the Lace wallet and access new technologies and services within the Bitcoin network. “Lace Wallet is going MULTICHAIN—starting with Bitcoin! For the first time, Lace users can store, manage, and interact with BTC directly from their wallet—seamlessly bridging the world’s largest cryptocurrency into the Lace ecosystem," said the official announcement on March 20, 2025. # Expansion into Bitcoin DeFi Ecosystem Lace lauded Bitcoin as the "foundation of the digital asset industry" while noting that "Bitcoin's DeFi ecosystem is still in its early stages." As Bitcoin's Layer 2 ecosystem grows, Lace expects this integration to offer significant opportunities for its users. Charles Hoskinson, the founder of Cardano, remarked, "Bitcoin is often the first asset many users encounter when they enter Web3. Supporting Bitcoin can aid in broader market adoption." Lace plans to integrate more blockchains to offer various functionalities on a single platform. This ecosystem expansion has also contributed to the recent price momentum of ADA. # ADA Price Movement and Market Analysis After breaching $1.30 at the end of 2024, Cardano entered a correction phase, with prices oscillating between $0.60 and $1.10. Recently, ADA has been trading above $0.70, exhibiting a bullish trend. Digital asset market analyst Greg Miller noted, "If ADA maintains above $0.70, it could rise to $0.76. However, falling below this support could lead to further declines." As of 11:30 AM on the 21st, Cardano is trading at $0.7195 on Binance, down 1.99% from the previous day. Simultaneously, it is trading at 1,065 KRW on the domestic exchange Upbit.