Cardano was one of Wednesday’s big movers, as bullish sentiment returned to cryptocurrency markets. Spurred by an apparent collapse of First Republic Bank, the global crypto market cap moved 7% higher, as of writing. Solana was also in the green, rising by nearly 9%.

Cardano (ADA) rose by as much as 9% on Wednesday, as bullish sentiment returned to cryptocurrency markets. Following a low of $0.38 on Tuesday, ADA/USD raced to an intraday high of $0.4166 earlier in today’s session. Today’s surge in price saw cardano climb to its highest point in six days, since when the token was trading above a ceiling at $0.4200.

Additionally solana (SOL) was another notable mover on Wednesday, as the token was also nearly 9% higher. SOL/USD rose to a peak of $22.92 earlier in the day, after almost breaking out of a floor at $20.00 the day prior. As a result of today’s gains, solana is now on the cusp of colliding with its long-term ceiling at $23.00.

(by Eliman Dambell)