The price of Cardano decreases by 13 % a week amid market correction

Cardano decreased by 13 % over the past week as the encryption market tests a correction. ADA has now been priced at $ 0.7207, a decrease of 13 % in the past seven days. The market ceiling decreased to $ 25.39 billion, by 3.1 %, while trading volume 24 hours jumped by 15 % to $ 2.03 billion, indicating an increase in trading activity.

The last decline comes after he saw Ada a 72 % jumping Last Sunday, after announcing a strategic encryption reserve. However, the uncertainty about the implementation of the reserve caused a decrease in the price, which led to the elimination of these gains by Monday. Other cryptocurrencies that are expected to be part of the reserve, including ETAREUM, XRP and Solana, have seen losses.

By Friday, the market was sold as CEO The request has been signed To create a strategic bitcoin reserve along with a stock of other digital assets. The long -awaited move, along with the first American encryption summit ever, failed to generate positive momentum in the market.

The entire encryption market passes a decrease, as the maximum global market is now $ 2.59 trillion after a decrease of 4.01 % in the past 24 hours. The main cryptocurrencies also achieved great success, as the bits decreased by 5 %, the ETHEREUM decreased by 8 %, XRP decreased by 5 %, and Solana decreased by 4 %.

Last day, about 13.89 million dollars of ADA (encrypted currency) were eliminated. People who are betting will lose that the price is $ 9.98 million, while those who are betting on its decline will lose $ 3.91 million. Despite the low price, more people are trading ADA now, which indicates that the market is busy. Nobody knows if the price will wear, but merchants are closely watching it.

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