Cardano (ADA) is experiencing a sharp decline as the cryptocurrency market continues its downward trend. Prices have dropped below $0.70, losing over 10% in the past 24 hours, following broader market sell-offs. Analysts predict a potential further drop to $0.40 or even lower if the current trend persists. The reasons behind this price crash are multifaceted: SEC ETF Delays continue to weigh on investor sentiment, causing caution and hindering buying activity. Additionally, profit-taking from previous bullish market gains has increased selling pressure across the cryptocurrency landscape. A recent security breach at Bybit, resulting in a $1.4 billion loss, further fueled panic selling across the market, amplifying these pressures.