ADA Surges 3.33% as Binance Soft Staking Launch and Bitcoin Rally Drive $1.57B Volume

Cardano (ADAUSDT) has experienced a 3.33% price increase over the past 24 hours, with the current price at 0.7759 USDT on Binance. The recent price uptick is attributed to renewed positive market sentiment following technical breakouts, increased investor interest, and broader optimism in the cryptocurrency sector, particularly after Bitcoin surpassed the $120,000 mark. Additional momentum was provided by the launch of Binance Soft Staking for ADA, allowing users to earn daily rewards without a lock-up period, which has contributed to increased trading activity and buying pressure. Cardano's trading volume reached approximately $1.57 billion in the last 24 hours, and its market capitalization stands at around $27.8 billion, reflecting strong market participation and continued bullish momentum.