ADA Surges 4.66% as Cardano Breaks Resistance, Trading Volume Soars Amid ETF Speculation and US Regulatory Boost

Cardano (ADAUSDT) has experienced a 4.66% price increase over the past 24 hours, with the current price at 0.9051 USDT on Binance. This upward movement is primarily attributed to a significant surge in trading volume, which rose sharply following Cardano breaking a key resistance level at 0.8316 USDT, indicating strong buying pressure and bullish sentiment. The broader cryptocurrency market has also been positively influenced by recent regulatory developments in the United States, including the passage of crypto-related bills such as the "GENIUS Act" and discussions around potential "innovation exemptions" by the SEC, which have contributed to increased investor confidence. Additionally, speculation regarding a potential Cardano ETF and notable on-chain activity, such as a high-fee transaction, have further supported market interest.

Currently, Cardano is trading at 0.9051 USDT with a 24-hour trading volume between $2.32 billion and $2.59 billion, a market capitalization of approximately $32.67 billion, and a circulating supply of around 36 billion ADA, reflecting strong momentum and heightened market activity.