The larger cryptocurrency market fell sharply on Friday, owing to a mix of macroeconomic factors and investor sentiment. The sell-off resulted in $1.42 billion in liquidations across various assets.

Cardano price drops 7% as MVRV ratio hits -15% Historical opportunity zone between -13% and -26% suggests reversal potential Critical $0.87 support level key for maintaining bullish outlook

The latest crypto market crash has hit Cardano (ADA) hard, but the worst might already be over, and bulls will be hoping that the cryptocurrency is still headed for a positive start to 2025. The post Crypto Crash Hits Cardano Hard – Can ADA Hold $1 and Start 2025 Strong? appeared first on Cryptonews.

In a livestream broadcast on December 19, 2024, Cardano founder Charles Hoskinson delivered new remarks on the conflict with the Cardano Foundation, structural complications, and strategic priorities moving into 2025.

A solid recovery in Bitcoin price is a hint that bulls have not given up on BTC and altcoins as they continue to buy dips below key support levels.

Cardano price has dropped below the $1 support level amid a broader crypto market crash. This decline aligns with BTC fall below $100k, signaling bearish market sentiment.

ADA, the native token of the Cardano blockchain, has gained significant attention from crypto enthusiasts despite its recent price decline. The altcoin has experienced a price drop of over 30% in the past 48 hours. However, with rising interest from long-term holders and Binance traders, its price appears to be recovering.

Toncoin's price has faced consistent decline so far, however, there appears to be the potential for a bull market surge.

The crypto market started off with mixed signals, with Bitcoin leading the altcoins following the launch of the spot BTC ETFs. However, the rest of the year proved to be rather bleak until Q4.

Cardano's price increased in November but its price soon reduced, losing some of its gains. ADA now trades close to the $1 mark. Similarly, Solana's price has been on a downtrend. It has fallen to $216, delaying its rally to $300.

Two weeks ago, Cardano (ADA) was trading above $1.30. Today, it sits at $0.80, having lost over 34% of its value in a sharp decline that erased critical support levels.

Veteran economist and trader Peter Schiff has issued a stark warning for Cardano (ADA), predicting a “car crash” for the cryptocurrency as a strong bearish technical pattern emerges.

Charles Hoskinson, the CEO of IOHK, is setting his sights on helping unlock a staggering $20 trillion in crypto assets through the launch of the Midnight protocol.

The Open Platform, the major VC & Venture builder in TON Blockchain, has announced the beginning of the roll out of TON Space. This marks the end of the beta development period and subsequent gradual launch of the self-custodial wallet platform.

ADA price needs to stay above $0.87 to keep the bullish momentum alive. If it falls below, it could slide.

Cardano (ADA) has been on a downward trajectory over the past few days, with its price slipping by 7%. While this decline reflects broader market pressures, it has also created an opportunity for ADA holders.

Cardano (ADA) is currently in a consolidation phase after falling below the critical $1.00 mark, raising questions about its next move. The cryptocurrency, which had previously shown strong momentum, is now navigating a complex price structure with resistance at key levels of $1.020 and $1.040.

The Cardano price has crossed the $1 mark for the first time in two years, signaling a strong start to altcoin season. With XRP recently surging from $1 to $2.5 in just a week, many speculate Cardano (ADA) could follow suit. However, fractal shows PropiChain (PCHAIN), a new AI altcoin, as the top investment.

According to data provided by CoinGlass, more than $1.2 billion worth of crypto has been liquidated over the past 24 hours.

Whale activity plays a crucial role in Cardano's market dynamics, signaling confidence amid volatility.

Cardano price has crashed by over 20% from its highest point this year, and one legendary trader believes that it has more downside to go. Cardano (ADA), a popular layer-1 coin, retreated to $0.

Today, The Open Platform (TOP) has officially introduced the TON Space custodial wallet. The launch comes one month after Andrew Rogozov, CEO of TOP, announced new updates at the Gateway event in Dubai.

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.

The recent Federal Reserve FOMC meeting has shifted the direction of cryptocurrency markets, with many altcoins experiencing significant drops following Jerome Powell's speech. Over the last 24 hours, many coins have taken a major hit.

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.

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.

The Open Platform (TOP), a venture capital firm and venture builder on the TON blockchain, has launched TON Space, a self-custodial wallet.

Cardano (ADA) price is down 15% over the past seven days, following a surge that pushed it to its highest levels since 2022. Momentum indicators like ADX show growing bearish strength, signaling intensifying selling pressure in the current downtrend.

The Open Network, a blockchain originally developed by Telegram, is now integrated with Dune Analytics, a platform for on-chain data exploration.

Cardano's ADA is currently down by more than five percent and is trading below the crucial $1 mark. Down by more than 14 percent in the last seven days, ADA chart shows a minor correction but nothing major has changed.

Cardano (ADA) has experienced significant development in the last 24 hours. The proof-of-stake blockchain has seen its native currency, ADA, witness a drastic price decline.

Cardano recently initiated a strong upward rally, reclaiming its yearly high of $0.8 and advancing to the critical $1.3 resistance zone. However, the market is expected to enter a consolidation phase, with price fluctuations between the $0.8 and $1.3 range.

Toncoin price has suffered a harsh reversal, mirroring other altcoins that have lost momentum this month. This sell-off accelerated after the Federal Reserve's hawkish decision on Wednesday.

Finally, the official version is launched, despite already having 100 million users.

The rates of most of the coins are falling today, according to CoinMarketCap.

Cardano price has deviated significantly from its correlation with Bitcoin price and is fast approaching a key support. Here's what it means.

Bitcoin (BTC) slumped below $100,000 after Federal Reserve Chairman Jerome Powell said the central bank is not allowed to own Bitcoin and is not looking for a law change.

Cardano (ADA) is consolidating below $1.00 after a recent decline, with key technical levels at $1.020 and $0.9450 determining its next directional move while showing early signs of selling pressure exhaustion.

Solana's (SOL) remarkable growth in the last few months has led to comparisons to Cardano (ADA), once a dominant player in the blockchain space. As Solana continues to outpace Cardano in terms of transaction speed, low fees, and overall ecosystem development, many are questioning whether Cardano can regain its relevance in 2024.

Speculating on coin prices is great fun, with everyone from Michael Saylor to the cab driver playing the game of predicting where crypto prices can go, usually the sky's the limit but there are real-world constraints. Deflationary tokens like Cardano have different rules governing them than unlimited supply tokens such as Ethereum.

Cardano price started a downside correction below the $1.050 zone. ADA is consolidating and facing hurdles near the $1.020 and $1.040 levels.

Cardano (ADA) has been through a rollercoaster of volatility, with the price experiencing significant ups and downs over recent weeks. After hitting a local top of $1.32, ADA retraced over 30%, dropping to $0.91 before returning to a critical support level.

The conflict between Cardano founder and IOG boss Charles Hoskinson and the Cardano Foundation continues to escalate publicly. The conflict first came public last week when a whistleblower accused the Cardano Foundation of mismanagement led by self-interest.

Input Output (IO), the research and development company behind Cardano, has introduced a Strategic Research Agenda to guide Cardano's evolution toward 2030. The plan defines nine areas of focus to increase the plan's scalability, governance, interoperability, and security.

Cardano (ADA) reached a high of $1.32 before being rejected. The cryptocurrency was projected to reach its peak price of $3.00.

Cardano (ADA) and Avalanche (AVAX), two popular altcoins, are experiencing notable corrections this week, with prices continuing to trend downward on Wednesday. Cardano has corrected by nearly 7%, while Avalanche is down over 8% since the beginning of the week.

Whales on the Cardano ecosystem took advantage of the recent cryptocurrency market dip to keep accumulating, after realizing some of their gains when the price surpassed the $1.15 mark earlier this month. According to data shared by popular cryptocurrency analyst Ali Martinez, when Cardano traded between $1.15 and $1.

Charles Hoskinson, the founder of Cardano, has urged the Cardano Foundation to move its operations to a jurisdiction that allows users to vote for board members. He recommended a move to either Abu Dhabi or Wyoming.