#Cardano - $ADA has dropped 3% in the past 24 hours and over 8% in the past week, now trading at $0.69. The decline is driven by negative market sentiment, a delay in Grayscale's Cardano ETF decision by the SEC, reduced transaction volumes, and broader crypto market weakness.


ADA’s market cap has fallen to $24.3 billion, dropping it to the 10th spot behind TRON. Analysts had predicted a strong rally, but current technical indicators suggest a continued downtrend.

#SEC #Bitget

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May 31, 2025 at 9:40 PM
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