ADA Surges 5.9% as Institutional Inflows and Regulatory Progress Drive Cardano’s Outperformance

Cardano (ADAUSDT) experienced a 5.90% price increase over the past 24 hours, with the current price at $0.8717 on Binance. This upward movement is attributed to heightened large transaction activity, with over 137 transactions above $1 million, and increased institutional interest, as well as positive sentiment driven by ongoing U.S. regulatory developments, including progress on the "GENIUS Act" and "CLARITY Act" in Congress. Speculation around a potential Cardano ETF and significant inflows of $48 million have also contributed to bullish momentum.

ADA's market capitalization stands above $30 billion, with a 24-hour trading volume exceeding $3.4 billion and a circulating supply of approximately 35.4 billion tokens. Cardano has outperformed the broader crypto market over the past week, rising 16.10% compared to the global market's 5.60% gain.