Cardano (ADA) price is down 3% at press time on Tuesday, extending a steady decline seen over the last three weeks. Cardano’s declining trend mirrors the broader market pullback and continues to lose retail strength in the derivatives market. Technically, the ADA price is under intense selling pressure and risks forming the next leg below $0.2200. 

Bitcoin (BTC) traded below $70,000 for the first time in two months on Tuesday as sellers stayed in control.

Data from TradingView showed new BTC price lows of $69,631 on Bitstamp.

Cryptocurrencies remain broadly pressured on Monday, with Bitcoin (BTC) hovering around $70,000, Ethereum (ETH) below $2,000, and Ripple (XRP) near $0.25. Appetite for risk assets has remained significantly subdued…