Derived from NewsBTC, Cardano (ADA) has fallen more than 7% in the past week as macroeconomic uncertainty and weak market sentiment weigh on the broader crypto market. ADA is currently trading near $0.38–$0.4, testing key support levels and extending a month-long downtrend. The decline coincides with rising interest rate concerns, particularly after comments from Bank of Japan Governor Kazuo Ueda. On-chain data shows dormant ADA wallets from 2017 moving coins to exchanges, and short interest in ADA futures has increased by 12% in the past week. Despite the downturn, the Cardano ecosystem is preparing a $30 million liquidity initiative for 2026 and the launch of the Midnight sidechain on December 8, which could improve adoption and sentiment.
Cardano (ADA) Drops Over 7% in December Amid Macroeconomic Uncertainty
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