Cardano Surges 36% as Bitcoin Hits $80,000
Cardano (ADA)
Editor:
Eugene Serbin
newsbytesapp.com reports that Cardano led a broad crypto rally in August 2026, posting a 36% gain. Bitcoin also climbed significantly, rising 25% to reach the $80,000 level. Other major assets followed suit, with XRP up 35%, Ether gaining 32%, and Solana increasing by 30%.
Weekly data reinforced this momentum, showing XRP surging 30% while Cardano, Solana, and Bitcoin all posted double-digit growth. The rally was supported by falling US bond yields and a weaker dollar, which attracted more big investors. US spot Bitcoin ETFs pulled in $1.92 billion in a single week, signaling strong institutional interest.
Market participants are also watching for the Senate's CLARITY Act vote next month for clearer crypto rules. Meanwhile, blockchain is moving beyond trading, with companies like POSCO using Avalanche for real business tasks. Bitwise has also introduced tokenized stock portfolios, highlighting a broader push toward tokenisation.
How the market reacted
Whalio's own Binance spot order flow for ADA, measured when this story was written up on 26 August 2026. Not the outlet's figures.
Whalio’s Binance spot data for ADA shows a price of $0.2124 with a 1-hour buy ratio of 51.6% and a 4-hour ratio of 50.5%. These short-term figures are slightly above the 24-hour buy ratio of 48.3%, indicating that buying pressure is stabilizing rather than accelerating. The 1-hour volume delta is positive at +$58,240, while the 4-hour delta is +$27,769, contrasting with a 24-hour delta of -$779,273. This suggests that recent trades have been net buyers, reversing the broader 24-hour trend where sell volume exceeded buy volume by $433,468. Over the last 24 hours, spot volume reached $22,311,753 across 168,982 trades, with net buying occurring for 12 of the 24 hours.
The latest daily buy ratio of 45.6% sits at the 5th percentile of the last 322 days, against a median of 49.2% - among the weakest buying days it has had.
Twenty-four hours later
What ADA did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for ADA, averaged over the days leading up to the story.
Comparing today’s activity to the preceding week reveals a shift in momentum. The 24-hour buy ratio of 48.3% is lower than the 7-day average of 49.7%, showing a slight decrease in buying dominance. Volume for the day was 0.43x the weekly average, indicating significantly lower trading activity than usual. While the coin saw a 13.5% price increase over eight days, today’s volume is less than half the typical daily volume. Only two of the past seven days saw net buying, suggesting that this is an ordinary day for the coin with subdued participation compared to the broader weekly trend.