Bitcoin News Today: Investors Bet on ADA Despite SEC's Delayed ETF Ruling

Cardano’s ADA token rose approximately 2% in the past 24 hours, reaching $0.87, as crypto markets broadly recovered amid anticipation of a potential Federal Reserve rate cut in September. The CoinDesk 20 Index (CD20), a benchmark for the largest digital assets, also gained 2.8% during the same period [1]. Despite the U.S. Securities and Exchange Commission (SEC) extending its review of Grayscale’s proposed spot Cardano ETF until late October 2025, the token demonstrated resilience, with traders seemingly prioritizing broader market momentum over regulatory uncertainty. The SEC’s delay followed a similar pattern for several other crypto ETFs, with the final decision on Grayscale’s ADA ETF now expected on October 26, 2025 [2].

ADA’s price movement over the last 24 hours was marked by volatility, with the token fluctuating within a $0.04 range, from a low of $0.83 to a high of $0.88 [1]. The most significant price surge occurred when ADA jumped from $0.84 to $0.88, driven by trading volumes that exceeded the 24-hour average by more than double. After this breakout, ADA stabilized within a consolidation phase, with resistance forming around $0.88 and support emerging near $0.85. Analysts noted that the token's stabilization at $0.86 may indicate institutional accumulation, potentially setting the stage for another upward move [1].

The broader crypto market has experienced a volatile start to the week, with a sharp decline on Monday following a weekend rally driven by Federal Reserve Chair Jerome Powell’s dovish comments at the Jackson Hole symposium. These comments fueled optimism for rate cuts, which historically benefit risk assets such as cryptocurrencies. Traders and investors appear to view the recent pullback as a short-term correction rather than a bearish trend, with altcoins like Cardano rebounding as a result of bargain-hunting activity [1].

Cardano’s price action reflects a pattern seen in previous cycles, where the token consolidates within a defined range before breaking out into a larger rally. Analyst Crypto Bullet suggested that ADA’s current trajectory mirrors its behavior during the 2020-2021 bull run, where it formed a double bottom pattern before a significant price surge [2]. If this pattern repeats, ADA could see a potential move toward the $1.70–$2.10 range. Market watchers, however, caution that ADA’s performance may remain highly correlated with Bitcoin’s movements. If Bitcoin experiences a larger retracement, Cardano may follow, testing the $0.80 support level [2].

The SEC’s delayed decision on Grayscale’s Cardano ETF has added a layer of regulatory uncertainty, but it has not deterred investor interest in ADA. The delay aligns with the SEC’s broader approach to spot crypto ETFs, where decisions have been pushed back by several months. Despite this, market participants appear to be shifting capital from Bitcoin into altcoins like Cardano, particularly as the broader crypto market enters a phase of consolidation. This capital rotation, combined with a potential September rate cut, could provide a favorable environment for ADA and other altcoins [1].

Source:

[1] Cardano Gains 2%, Shrugs Off ETF Delay - Yahoo Finance (https://finance.yahoo.com/news/cardano-gains-2-shrugs-off-152327282.html)

[2] Cardano Retests Key Support As SEC Delays ETF Decision (https://www.mitrade.com/insights/news/live-news/article-3-1072214-20250827)

[3] Cardano's ADA Price Finds Support as Hoskinson Talks ... (https://www.coindesk.com/markets/2025/08/25/cardano-s-ada-price-finds-support-as-hoskinson-talks-network-s-future)

[4] Cardano Gains 2%, Shrugs Off ETF Delay (https://www.coindesk.com/markets/2025/08/27/cardano-spikes-on-fed-cut-bets-shrugs-off-etf-delay)