Why is Cardano (ADA) price up today?
ADA price is up 73% from its recent lows of $0.57 responding to President Trump’s directive for the establishment of a Strategic Crypto Reserve that includes Cardano.
Cardano (ADA) has recovered strongly, bouncing 60% from a low of $0.64 on March 2 to reach a 12-week high of $1.19. The rebound comes after President Donald Trump directed a working group to “move forward” with establishing a Crypto Strategic Reserve including Solana (SOL), XRP (XRP) and ADA.
ADA/USD daily chart. Source: TradingView
Let’s take a closer look at all the main factors driving ADA price up today.
