Cardano Plummets 7% as Macroeconomic Uncertainty Weighs Down Market

Cardano’s price has taken a significant hit over the past week, dropping more than 7%, marking a concerning start to December. This decline is driven by broader market weakness and heightened macroeconomic uncertainty that’s pushing the cryptocurrency toward critical support levels. Trading near $0.38-$0.40, ADA is facing a prolonged downtrend after failing to recover from its early fall slump.