Cardano is taking a massive beating throughout the past few days. The cryptocurrency is down a whopping 23% in the last 24 hours alone.
The majority of the altcoins are also trading well in the red, triggering liquidations of close to $400 million.
- Cardano (ADA) and a bunch of other altcoins are plummeting today. ADA alone is down 23% in the past day as investors fear a potential clash with the SEC.
- Data from Coinglass shows that the entire market’s liquidations have ramped up to close to $400 million for the same period.
- As គ្រីបតូប៉ូតូតូ reported earlier this week, the SEC filed a lawsuit against Coinbase. In it, the agency claims that a bunch of altcoins are essentially fitting the requirements of being securities, and ADA is among them.
- In a recent blog post, Cardano’s Input Output Global – the firm behind Cardano’s ecosystem – released a statement dismissing the claims that ADA is security.
Binance Free $100 (ផ្តាច់មុខ)៖ ប្រើតំណនេះដើម្បីចុះឈ្មោះ និងទទួលបាន $100 ដោយឥតគិតថ្លៃ និងថ្លៃសេវា 10% លើ Binance Futures ខែដំបូង (លក្ខខណ្ឌ) ។
ការផ្តល់ជូនពិសេស PrimeXBT៖ ប្រើតំណនេះដើម្បីចុះឈ្មោះ និងបញ្ចូលលេខកូដ CRYPTOPOTATO50 ដើម្បីទទួលបានប្រាក់រហូតដល់ 7,000 ដុល្លារលើការដាក់ប្រាក់របស់អ្នក។
Source: https://cryptopotato.com/cardano-ada-crashes-23-in-a-day-as-total-liquidations-near-400-million/