ADA Slides to $0.18 as Nasdaq Chip Sell-Off Drags Crypto, Stakers Hold Firm
Photo: Crypto Daily
Cardano slid to multi-month lows this week after Thursday's rout in chip and AI stocks spread into digital assets. Leveraged longs took most of the losses as Bitcoin and Ether fell alongside ADA. Stakers have mostly held their ground, which keeps a large share of supply locked away. The chart tells a harsher story. A sell-off in Nasdaq chip and AI stocks on Thursday spilled straight into crypto. Bitcoin briefly slipped under $76,000, and leveraged traders paid the price. CoinGlass data showed about $1.03 billion liquidated in 24 hours. Long positions made up roughly 89% of that.
Source: Crypto Daily
