ADA Holds Top 10 Spot Despite 2.86% Drop Amid SEC ETF Decision and Japanese Market Surge

Cardano (ADA) is currently trading at $0.6857 on Binance, reflecting a 2.86% decline over the past 24 hours with a 24-hour open of $0.7059; the token remains among the top 10 cryptocurrencies by market capitalization, and liquidity remains high across major exchanges. The recent price drop is attributed to a broader market downtrend over the past week, a 5.83% decline in futures open interest, and ongoing volatility following mixed news, including anticipation around the SEC decision on the Grayscale spot ADA ETF and increased trading activity in the Japanese market; despite short-term bearish momentum, accumulation by large accounts and ongoing ecosystem developments continue to support long-term optimism.