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Why Did Cardano Fall Off a Cliff Today?

TheMotleyFool

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Perhaps the title is a bit overblown, but Cardano's (CRYPTO: ADA) 24-hour decline of 3.1%, which drove its intraday low at 4:30 p.m. ET (resulting in a nearly 12% weekly decline), ought to be enough to get some investors to sit up.

This move aligns with that of the broader cryptocurrency market, which has dipped 2.9% over the past day. So, even on that basis, Cardano is an outlier during today's session.

Let's explore what's driving the top-10 crypto by market capitalization lower today and whether these catalysts could fuel further downside in this leading proof-of-stake blockchain project.

Source Fool.com

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