Cardano's price hovers above $0.26 amid changes in U.S. Securities and Exchange Commission and Commodity Futures Trading Commission policies and exchange-traded fund updates, reflecting continued pressure on digital assets. Cardano's price declined 1.86% over the past 24 hours to trade near $0.267.

Cardano's price continues to fluctuate within a support range between $0.26 and $0.27. However, overall market momentum still leans toward decline.

The global cryptocurrency market cap declined 1.26% to reach $2.41 trillion during the same period. Escalating tensions in the Middle East have disrupted global markets and driven crude oil prices higher. Rising energy prices have also revived inflationary panic and triggered heavy selling of interest rate-sensitive securities.

Digital currencies pulled back in line with declining stock prices due to reduced risk appetite. Bitcoin's price maintained levels above $70,000 despite recording a minor daily loss. Ethereum's price stabilized above $2,100 after a brief corrective move. Ripple's price (XRP) also declined and remained steady above the $1.40 level.