Loading cryptocurrency prices...

Cardano (ADA) Suffers 8.6% Daily Drop, Eyes Rebound to $1.36

Cardano (ADA) Suffers Sharpest Daily Drop Amid Marketwide Crypto Slump, But Price Predictions Remain Bullish for 2025

  • Cardano (ADA) experienced the sharpest one-day decline among the top 100 cryptocurrencies, falling 8.6% in daily trading.
  • Despite the recent drop, ADA registered a 17.1% gain over the past two weeks and increased 147.6% since August 2024.
  • Price Prediction tools from CoinCodex expect ADA to reach $1.36 by November 5, 2025, which would represent a 62% rally from current prices.
  • Market-wide declines followed Bitcoin‘s fall to around $113,000, which was triggered by a higher-than-expected producer price index and investor focus on upcoming Federal Reserve decisions.
  • Historical trends suggest September may be bearish for cryptocurrencies, but a potential interest rate cut from the Federal Reserve could offer support to prices.

Cardano (ADA) fell 8.6% in 24 hours, making it the largest daily loser among the top 100 cryptocurrency projects by market capitalization. The drop comes amid broader declines in the crypto market as of August 2025.

- Advertisement -

According to CoinGecko, ADA is also down 4% over the last month. However, the asset has gained 0.3% in the past week, 17.1% over two weeks, and 147.6% since August 2024.

Price forecasting models from CoinCodex project that ADA could climb to $1.36 by November 5, 2025. This would represent nearly a 62% increase from current levels.

Analysts point out the recent ADA downturn mirrors a drop in Bitcoin (BTC), which fell to about $113,000 following new U.S. inflation data (the producer price index) that came in above expectations. Market attention is now focused on the Federal Reserve’s upcoming Jackson Hole meeting, which may give signals about future changes to U.S. monetary policy.

September has historically seen weaker performance for cryptocurrencies, including Cardano. If that seasonal trend holds, more downside could occur. However, some analysts note that a possible cut in U.S. interest rates in September could help stabilize or boost prices, as lower borrowing costs often support risk assets like cryptocurrencies.

- Advertisement -

The impact of the Federal Reserve’s decisions and broader market trends will likely shape ADA’s price in the coming weeks. Further developments depend on both global economic indicators and digital asset market sentiment.

✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.

Previous Articles:

- Advertisement -

Latest News

Dromos Labs Launches Aero, Uniting Base and Optimism DEXs

Dromos Labs is launching Aero, a new unified decentralized exchange (DEX) system that integrates...

Malicious “Safery” Chrome Wallet Steals Ethereum Seed Phrases

A malicious Chrome extension named Safery: Ethereum Wallet disguises itself as a secure Ethereum...

Chinese ‘Warren Buffett’ Zhao Bingxian’s Divorce Ends After 15 Years

The 15-year divorce case between billionaire Zhao Bingxian and his wife Lu Juan has...

Bitfarms Eyes NVIDIA’s Vera Rubin GPUs Amid Earnings Miss, Stock Falls

Bitfarms reported third-quarter revenue of $69 million, missing the expected $85 million target.The company’s...

Michael Saylor Calls MSTR a “Digital Treasury”—Claim Sparks Debate

Michael Saylor described Strategy (formerly MicroStrategy) as a "digital asset treasury."The company holds Bitcoin...
- Advertisement -

Must Read

Are Cryptocurrency Securities?

TL;DR - Cryptocurrencies are not typically considered securities, as they are decentralized digital assets that operate independently of any central authority or government. However,...