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news-imageDecember 19, 2024

Altcoins today: ADA and CRV prices fall below $1; HBAR ETP debuts in Amsterdam

Cryptocurrencies endured a bloodbath following the Fed's hawkish tone on Wednesday. Despite the expected 25 bp interest rate reduction, Jerome Powell plunged markets with negative remarks. Besides signaling a more cautious stance when navigating further policy rate adjustments, Powell dented the hopes of the highly-awaited Bitcoin Reserve.
Publisher: Invezz
Sentiment: Neutral
ADA
CRV

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Negative
cover-imageCryptoGlobe
December 19, 2024

Why is Cardano (ADA) Down Today?

The cryptocurrency market has endured a significant downturn that wiped around $300 billion from its total market capitalization amid a wider sell-off in risk assets after the Federal Reserve cut interest rates by 25 basis points and signaled a more hawkish stance.

Negative
cover-imageUToday
December 19, 2024

Cardano's ADA Plunges Under $1, But Whales Are Still All In

Cardano (ADA), the ninth largest cryptocurrency by market cap, has dipped below the $1 mark amid a broad market sell-off, which triggered $788 million in liquidations across various crypto assets in the last 24 hours. However, on-chain data suggests that whales may be seizing the opportunity to accumulate.

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