ADA Surges 5.35% as U.S. Crypto Legislation and ETF Speculation Drive Institutional Interest

Cardano (ADAUSDT) has experienced a 5.35% price increase over the past 24 hours, rising from 0.8198 to 0.8637 on Binance. This upward movement is primarily attributed to positive legislative developments in the United States, including the passage of major crypto bills such as the GENIUS Act and speculation around potential regulatory changes and a Cardano ETF. Additional factors include increased institutional interest, as evidenced by large ADA transactions and ongoing discussions about 401(k) access to crypto assets. Market sentiment has been mixed but is currently leaning bullish, supported by a rebound in the broader crypto market and ADA’s technical resilience above key support levels. Trading volume for ADA in the last 24 hours ranged from $1.1 billion to $2.1 billion, with a circulating supply of approximately 35.4–36 billion ADA and a market capitalization near $30 billion.