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bitcoin
Bitcoin (BTC) $ 83,382.34 1.06%
ethereum
Ethereum (ETH) $ 1,829.16 1.69%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.07 0.92%
bnb
BNB (BNB) $ 607.61 1.55%
solana
Solana (SOL) $ 119.70 3.40%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.166373 1.64%
cardano
Cardano (ADA) $ 0.652609 2.28%
tron
TRON (TRX) $ 0.236747 0.10%

Cardano (ADA) Crashes 23% in a Day as Total Liquidations Near $400 Million

Cardano is taking a massive beating throughout the past few days. The cryptocurrency is down a whopping 23% in the last 24 hours alone.

The majority of the altcoins are also trading well in the red, triggering liquidations of close to $400 million.

  • Cardano (ADA) and a bunch of other altcoins are plummeting today. ADA alone is down 23% in the past day as investors fear a potential clash with the SEC.
  • Data from Coinglass shows that the entire market’s liquidations have ramped up to close to $400 million for the same period.
  • As CryptoPotato reported earlier this week, the SEC filed a lawsuit against Coinbase. In it, the agency claims that a bunch of altcoins are essentially fitting the requirements of being securities, and ADA is among them.
  • In a recent blog post, Cardano’s Input Output Global – the firm behind Cardano’s ecosystem – released a statement dismissing the claims that ADA is security.
ada_price_chart_1006231
Source: TradingView

The post Cardano (ADA) Crashes 23% in a Day as Total Liquidations Near $400 Million appeared first on CryptoPotato.

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