According to a recent report from Bloomberg, crypto assets and US stocks are increasingly moving in tandem, reflecting a significant correlation that has not been seen in recent months.
Year-to-date, Cardano’s (ADA) price has decreased by 46%. As a result, ADA holders are losing faith in the token’s long-term potential as it pushes closer to the critical $0.30 mark.
Growing concerns over ADA’s declining price and stagnant momentum have fueled this sentiment.