Cardano's market cap increased by $1.8 billion within 24 hours, with ADA surging 10.28% to reach a market cap of over $24.3 billion.
Technical indicators suggest a bullish market continuation, as all major EMAs have turned positive, indicating favorable momentum.
Institutional interest in Cardano has grown following the Reeve launch and increasing odds of ADA ETF approval, now at 89%.
This surge in market cap, volume, and open interest is reinforcing a bullish trend in anticipation of potential ETF releases and new utility announcements for Cardano's ecosystem.