Cardano Gains 2%, Shrugs Off ETF Delay
Cardano’s ADA token climbed 2% to $0.87 in the past 24 hours, echoing a broader recovery across crypto markets. The CoinDesk 20 Index (CD20), which tracks the largest digital assets, gained 2.8% over the same period.
The move came as traders weighed two major developments: growing confidence in a September interest rate cut by the Federal Reserve and the U.S. Securities and Exchange Commission’s (SEC) decision to extend its review of Grayscale’s proposed spot Cardano exchange-traded fund (ETF) until late October 2025.
ADA traded in a tight but volatile $0.04 band, swinging between a low of $0.83 and a high of $0.88, according to data from CoinDesk Analytics. That spread of roughly 5% reflected heightened activity. At one point, the token broke sharply higher, surging from $0.84 to $0.88 on trading volumes that more than doubled the 24-hour average of 39.3 million.
After the breakout, ADA settled into consolidation. Traders pegged resistance at $0.88, with new support forming around $0.85. Late-session action saw the price stabilize at $0.86, a level analysts say may point to institutional accumulation ahead of another potential rally.
The broader market backdrop has been choppy. Crypto assets fell sharply Monday as traders locked in profits from a weekend surge sparked by Fed Chair Jerome Powell’s dovish remarks in Jackson Hole. Those comments fueled expectations of rate cuts, which typically support risk assets like cryptocurrencies by making traditional yields less attractive. By Tuesday, investors appeared to treat the pullback as a buying opportunity, helping altcoins rebound.
Lower interest rates often act as a tailwind for the crypto sector, where investors hunt for higher returns compared with government debt. Historically, such conditions have set the stage for “altcoin season,” periods where smaller tokens outperform bitcoin BTC$111,959.05 during consolidation phases.
Meanwhile, the SEC’s delay of Grayscale’s Cardano ETF was widely anticipated, as the regulator has slowed nearly all spot crypto ETF decisions. While the news briefly injected uncertainty, ADA’s resilience suggested traders were more focused on broader market momentum and capital rotation from bitcoin into altcoins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cold Wallet, XRP, Ethena & Chainlink: Unlocking Undervalued Assets in a Post-Presale Era
- 2025 post-presale crypto era prioritizes security, regulation, and DeFi infrastructure, with Cold Wallet, XRP, Ethena, and Chainlink leading innovation. - SEC's XRP ruling (commodity classification, $125M penalty) and ProShares ETF drove $1.2B inflows, projecting $12.60 price by year-end. - Ethena expanded cross-chain TVL to $10B via LayerZero, while Chainlink's TVS doubled to $84-95B, securing DeFi through oracle networks. - Cold Wallet's $0.3517 fixed price, 2M users post-Plus Wallet acquisition, and C

Top 4 Bullish Cryptocurrencies in 2025: ETH, XRP, HYPE, and BlockDAG
- 2025 crypto market prioritizes projects with strong tech, utility, and institutional backing, led by ETH, XRP, HYPE, and BlockDAG. - Ethereum's Pectra upgrade boosted scalability, attracting $145B in RWA tokenization and 5% ETF absorption via improved Layer-2 solutions. - XRP gained $1.2B ETF inflows post-regulatory clarity, while Hyperliquid's $43–$44 price range reflects demand for fast, low-cost DeFi trading. - BlockDAG's 15,000 TPS hybrid PoW-DAG architecture and $383M presale position it as a scalab

Shiba Inu's $0.000020 Breakout: Speculative Hype or Strategic Inflection Point?
- Shiba Inu (SHIB) hovers near $0.000020 amid debates over whether its price surge reflects speculative hype or genuine ecosystem-driven value. - Shibarium's 1.5B+ transactions and 30% gas fee cuts correlate with SHIB's resilience, suggesting utility-driven demand despite 39% volume declines. - Deflationary burns reduced supply by 41% in 2025, but macroeconomic factors and whale activity remain key volatility drivers for the token. - Ecosystem expansion into AI, gaming, and metaverse projects aims to trans

The New Gold Rush: Capital Efficiency and Presale Dynamics in Q4 2025 DeFi
- Q4 2025 DeFi balances institutional stability with speculative presales, driven by capital efficiency metrics reshaping asset allocation. - Core-satellite strategies allocate 60-70% to ETH/AAVE (36.4%-72% gains) and 20-30% to high-yield presales like Remittix ($HYPER) offering 205% APY. - Bitcoin DeFi TVL hits $5-6B BTC via layer-2 solutions, while omnichain platforms and AI tools redefine liquidity and institutional adoption. - High-risk presales (e.g., MAGACOIN FINANCE's $12.8M raise) highlight innovat

Trending news
MoreCrypto prices
More








