As of May 5, 2025, Cardano (ADA) is trading at approximately | Babar Rao on Binance Square

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As of May 5, 2025, Cardano (ADA) is trading at approximately $0.66, reflecting a slight decline of about 0.04% from the previous close.  The day's trading range has been between $0.66 and $0.69. If you want to earn then take 25x leverage in future trading and buy long... it'll be 0.72 in next coming day.... 
Buying entry : 0.66 

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ADA

0.6633

-3.87%

573

0

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#BitcoinReserveDeadline Today, May 5, 2025, marks the official deadline for the U.S. Treasury to submit its assessment on establishing a Strategic Bitcoin Reserve, as mandated by former President Donald Trump's executive order issued on March 6, 2025. This reserve aims to consolidate Bitcoin assets seized through legal proceedings into a centralized federal reserve, potentially signaling a significant shift in U.S. fiscal policy towards digital assets . The federal government currently holds approximately 198,012 BTC, valued at over $18 billion, primarily acquired through asset forfeitures in high-profile cases like the Silk Road and Bitfinex hacks . The executive order stipulates that these holdings will not be sold but maintained as a store of reserve assets, emphasizing a long-term commitment to Bitcoin . The Treasury's report is expected to address several key areas: Strategies for the acquisition and management of the reserve Legal and investment considerations Oversight and accountability mechanisms Potential need for new legislation to support the reserve's development Analysts are closely watching today's developments, as an affirmative recommendation could mark a historic shift in U.S. fiscal and digital asset policy . Some experts believe that establishing a Strategic Bitcoin Reserve could drive long-term institutional adoption and higher Bitcoin prices, likening the effect to a “flywheel” where growing interest accelerates industry growth . However, the initiative has faced criticism. Some argue that such a reserve offers storage costs without immediate benefits and does not guarantee continued Bitcoin value rise . Others question the feasibility of using Bitcoin to address broader fiscal challenges, such as the national debt . As of now, the Treasury has not publicly released its assessment. The outcome of this report could have significant implications for the future of Bitcoin and its role in U.S. fiscal policy.

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