Cardano (ADA), the 10th-largest cryptocurrency by market capitalization, continues to struggle amid broader market weakness and investor caution, trading near lows of $0.52 last seen in early April.
Cardano was trading down 7.85% in the last 24 hours to $0.5478 at the time of writing as part of a broader crypto sell-off that saw $1.01 billion in liquidations due to renewed market volatility.
Cardano has slowly declined since its June 11 high of $0.736, with 11 out of 12 days in the negative, including today’s drop.
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