Overview
- ADA fell roughly 9% in 24 hours to about $0.51–$0.52, putting the $0.50 threshold in play.
- Bitcoin’s decline to as low as $97,000 coincided with a sector-wide altcoin rout.
- Cardano slipped from intraday highs near $0.57, losing recent demand zones at $0.56 and $0.54 after stalling below $0.60.
- Risk-off moves intensified as U.S. stocks fell (S&P 500 down 1.5%, Dow off over 600 points) and odds of a December Fed rate cut waned.
- ETF flows weakened risk appetite, with spot Bitcoin funds posting $870 million in net outflows and spot Ethereum funds seeing $260 million in net outflows on Nov. 13.