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Cardano (ADA) price has suffered a significant blow, plummeting by 5% in the last 24 hours as a result of widening crypto outflows. According to data, over $1.6 billion has been wiped off the market, casting a dark cloud over the entire ecosystem.
The recent downturn is particularly jarring for ADA investors who had previously seen some gains after the United States Presidential elections. The asset’s price has now dipped 18% in the past seven days alone.
Source: zycrypto.com
