Cardano Price Plunges Amid Market Correction and Death Cross Warning

The cryptocurrency market is experiencing a significant downturn, with the global economy losing over $5.6 trillion in value due to the ongoing trade war between China and the United States. This recent correction has impacted various cryptocurrencies, including Cardano (ADA), which has been hit hard. 30-day price data shows a staggering 17% decline in ADA’s value. Experts attribute this sharp drop to a combination of factors, including increasing bearish sentiment from investors, and the significant market volatility created by the trade war.