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.