The cryptocurrency market is currently going through a correction phase, with more than $500 million in liquidations occurring in the past 24 hours. The total market value has dropped below $3.4 trillion, erasing much of the gains made earlier this year. Cardano (ADA) has been one of the worst-performing assets during this period, showing weakness in the midst of a broader market downturn.
At press time, ADA is down 8% over the last 24 hours, trading at $0.89. This marks a continued decline in the cryptocurrency’s price, which has been trending lower in recent days.
