ADA Slides 3.6% Amid Volatility, Strong Trading Volume, and Anticipation of GENIUS Act Impact

Cardano (ADAUSDT) experienced a 3.60% price decline over the last 24 hours, opening at 0.9094 and currently trading at 0.8767 on Binance. The recent price movement follows a period of heightened volatility driven by positive sentiment surrounding U.S. crypto legislation progress, particularly the anticipated passage of the "GENIUS Act" and broader regulatory clarity, which previously contributed to a significant rally. Additional factors influencing market activity include record-high open interest, bullish technical indicators, and anticipation of an upcoming audit report on Input Output Global’s ADA holdings. Despite the recent pullback, trading volume remains robust, with 371.39 million ADA (equivalent to 331.97 million USDT) traded on Binance in the past 24 hours, and Cardano’s market capitalization stands near $32 billion, reflecting sustained investor interest and active market participation.