Cardano Price Slumps 5% Amid $1.6 Billion Wider Crypto Outflows ⋆ ZyCrypto
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Cardano (ADA) price has plunged 5% in the last 24 hours following a downward trend in sentiments and on-chain factors. This follows a wider market correction that saw over $1.6 billion wiped out of the ecosystem. Sharp declines have lowered trader momentum against previous bullish projections after Bitcoin (BTC) moved past $90K.
Cardano slipped the highest among the top 10 crypto assets by market cap over the past 48 hours. The community dubbed ETH killer trades at $0.86, falling 4.7%, with its market cap slightly above $30.4 billion. ADA has decreased 18% in the last seven days, extending losses after previous gains.
Despite reduced retail and institutional upward…
