ADA Drops 4.84% as SEC Delays ETF Review, Whale Activity and Tech Progress Drive Volatility

Cardano (ADA) is currently trading at $0.6704 on Binance, reflecting a 4.84% decline over the past 24 hours amid high trading volumes and ongoing market volatility. The recent price decrease is attributed to a combination of broader crypto market fluctuations and specific developments, including the U.S. SEC's postponement of the Grayscale Cardano Trust ETF review and mixed trading sentiment following heightened on-chain whale activity and significant technological advancements, such as the demonstration of a Bitcoin-Cardano bridge at a major industry conference. Despite the short-term decline, Cardano continues to see strong ecosystem growth, increased DeFi and NFT activity, and renewed investor interest, positioning it as a prominent altcoin with ongoing development momentum.