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Why is the Cardano (ADA) Price Down Today?

  • Cardano (ADA) dropped to $0.82 following Trump’s executive order, with some attributing the dip to a 'sell the news' reaction.
  • Concerns were raised about Cardano's founder, Charles Hoskinson, not being invited to Trump's crypto summit, affecting his role in future regulatory discussions.
  • ADA's price decrease was influenced by Trump's order focused solely on bitcoin, resulting in a 6% decline in 24 hours.
  • Despite the drop, potential bullish factors include a potential listing on Gemini and the potential launch of a spot ADA exchange-traded fund (ETF) in America.

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