No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 23, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Cardano Price Dips 2%: Why Is ADA Falling?

by TheAdviserMagazine
5 months ago
in Cryptocurrency
Reading Time: 3 mins read
A A
Cardano Price Dips 2%: Why Is ADA Falling?
Share on FacebookShare on TwitterShare on LInkedIn


Cardano price is undergoing a torrid patch as market sentiment turns negative for the tenth-largest cryptocurrency by market capitalization. ADA has fallen by 3% on the 24-hour chart, but weekly charts reveal an even steeper drop for the asset. The recent ETF delay by the SEC and the broader market decline are contributing to Cardano’s underwhelming price performance.

Cardano Price Falls By 3% Over The Last Day

According to data from CoinMarketCap, the Cardano price has taken a major hit over the weekend to trade at $0.69. The data from the crypto market aggregator indicates that ADA has fallen by 3% in the last 24 hours, accentuating a negative market sentiment.

Amid the price decline, daily transaction volumes have tumbled by 17.33% to settle at $841 million. A closer look at the charts reveals an even steeper drop of over 8% in the last seven days for the asset.

The Cardano price performance has gone contrary to market expectations, with analysts predicting ADA to rally by 6X.

At current prices, Cardano’s market capitalization sits at $24.3 billion, making it the tenth-largest cryptocurrency in terms of market size. The recent price decline led to Tron flipping Cardano to occupy the ninth place with its $25 billion market capitalization.

Why Is ADA Down?

Several reasons are in play for the Cardano price drawdown over the weekend. Firstly, market sentiment swung from optimistic to pessimistic after the SEC delayed a Cardano ETF application by Grayscale during the week.

In the build-up to the decision day, odds for a potential approval soared to 71%, stoking enthusiasm for an ADA rally. Ahead of the SEC’s decision, Cardano’s daily transactions reached 50,000 from previous lows of under 30,000. However, since the delayed decision, daily transaction volumes have fallen to 36,000.

Furthermore, Cardano’s price decline may be linked to profit-taking from the buzz associated with the SEC ETF decision. Technicals are also painting a grim picture for with several indicators hinting at a sustained drawdown for the Cardano price.

The recent cryptocurrency market downturn is also affecting ADA’s price, with several assets shedding a significant portion of their value over the last day. SOL, DOGE, and TRON are facing their fair share of bearishness as the global cryptocurrency market value loses nearly 1% in market capitalization.

 

✓ Share:

Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.



Source link

Tags: ADACardanoDipsfallingPrice
ShareTweetShare
Previous Post

Left-leaning influencers embrace Bluesky without abandoning X, Pew says

Next Post

The ‘revenge tax’ buried deep in the budget bill could turn a trade war into a ‘capital war,’ analyst says

Related Posts

edit post
Glassnode identifies concentrated Bitcoin selling amid market consolidation

Glassnode identifies concentrated Bitcoin selling amid market consolidation

by TheAdviserMagazine
October 23, 2025
0

Key Takeaways According to Glassnode, the market is in a phase of consolidation. Net-premium flows show concentrated selling between $109,000...

edit post
La Ethereum Foundation conferma: l’hard fork Fusaka introdurrà un limite massimo di gas per transazione (EIP-7825)

La Ethereum Foundation conferma: l’hard fork Fusaka introdurrà un limite massimo di gas per transazione (EIP-7825)

by TheAdviserMagazine
October 23, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure La Ethereum Foundation ha confermato che il...

edit post
BNB Price Forecast Eyes 00 Amid Coinbase and Robinhood Listings

BNB Price Forecast Eyes $1500 Amid Coinbase and Robinhood Listings

by TheAdviserMagazine
October 23, 2025
0

BNB price is showing renewed strength as it attempts to reclaim higher ground toward the $1,500 mark. The asset rebounded...

edit post
Why .2B prediction markets’ major league sports backing is huge blow to legacy betting

Why $8.2B prediction markets’ major league sports backing is huge blow to legacy betting

by TheAdviserMagazine
October 23, 2025
0

The National Hockey League (NHL) has reached licensing agreements with prediction market platforms Kalshi and Polymarket, making it the first...

edit post
Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

Bitcoin’s Next Bull Phase Could Be Near As BTC-Stablecoin Ratio Plummets

by TheAdviserMagazine
October 22, 2025
0

As Bitcoin (BTC) continues to trade in the high $100,000 range following the October 9 crypto market crash, some bullish...

edit post
XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

XRP Derivatives Expand on Bybit—Futures and Options Fuel Market Momentum

by TheAdviserMagazine
October 22, 2025
0

Bybit is supercharging its crypto derivatives lineup, adding XRP, mantle, and dogecoin to its USDT-margined futures and options suite, as...

Next Post
edit post
The ‘revenge tax’ buried deep in the budget bill could turn a trade war into a ‘capital war,’ analyst says

The ‘revenge tax’ buried deep in the budget bill could turn a trade war into a ‘capital war,’ analyst says

edit post
Iran has amassed even more near weapons-grade uranium, UN watchdog says

Iran has amassed even more near weapons-grade uranium, UN watchdog says

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Kim Kardashian invests in micro-drama platform GammaTime

Kim Kardashian invests in micro-drama platform GammaTime

0
edit post
What We’re Buying During This Real Estate Correction

What We’re Buying During This Real Estate Correction

0
edit post
Wall Street Remains Bullish on Carvana Co (CVNA)

Wall Street Remains Bullish on Carvana Co (CVNA)

0
edit post
2025 Healthcare Stocks List | Updated Daily

2025 Healthcare Stocks List | Updated Daily

0
edit post
Post-Pandemic Inflation In Canada | Armstrong Economics

Post-Pandemic Inflation In Canada | Armstrong Economics

0
edit post
Glassnode identifies concentrated Bitcoin selling amid market consolidation

Glassnode identifies concentrated Bitcoin selling amid market consolidation

0
edit post
Glassnode identifies concentrated Bitcoin selling amid market consolidation

Glassnode identifies concentrated Bitcoin selling amid market consolidation

October 23, 2025
edit post
NYC mayoral candidates turn on each other in final debate: ‘Zohran, your resume could fit on a cocktail napkin. And, Andrew, your failures could fill a public school library in New York City’

NYC mayoral candidates turn on each other in final debate: ‘Zohran, your resume could fit on a cocktail napkin. And, Andrew, your failures could fill a public school library in New York City’

October 23, 2025
edit post
Why The Smartest Are Not The Richest

Why The Smartest Are Not The Richest

October 23, 2025
edit post
Corporate debt surge: Commercial paper issuances hit highest since April

Corporate debt surge: Commercial paper issuances hit highest since April

October 23, 2025
edit post
Kim Kardashian invests in micro-drama platform GammaTime

Kim Kardashian invests in micro-drama platform GammaTime

October 23, 2025
edit post
UK startup Mondra lands €11.4M to help food industry manage climate and supply chain volatility

UK startup Mondra lands €11.4M to help food industry manage climate and supply chain volatility

October 23, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Glassnode identifies concentrated Bitcoin selling amid market consolidation
  • NYC mayoral candidates turn on each other in final debate: ‘Zohran, your resume could fit on a cocktail napkin. And, Andrew, your failures could fill a public school library in New York City’
  • Why The Smartest Are Not The Richest
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.