ADA Surges 5.56% as Nasdaq Index Addition and Binance US Access Boost Institutional Demand

Cardano (ADA) has experienced a notable price increase over the last 24 hours, rising 5.56% to $0.7003 (Binance data), with a 24h open of $0.6634. This upward movement is primarily attributed to positive developments including ADA's addition to the Nasdaq Crypto US Settlement Price Index (NCIUS) on June 2, 2025, and the reopening of ADA trading for U.S. customers on Binance US as of June 9, 2025, both of which have expanded institutional and retail access to the asset. Technical analysis indicates ADA is stabilizing near key support levels and approaching potential breakout points, further fueling bullish sentiment. Current trading volume stands at over $525 million with a circulating supply of 35.27 billion ADA. Market sentiment is neutral with a Fear & Greed Index of 64 (greed), and ADA has shown moderate volatility and a mix of green and red days in the past month. Investors should remain aware of ongoing volatility and market risks.