Crypto prices today have rebounded sharply amid improving market sentiment and 
institutional flows. Bitcoin climbed 8% to trade at $93,786 at press time, 
while Ethereum pushed back above $3,000 and BNB broke past $900. Many smaller 
altcoins saw even bigger…

Crypto prices today (Dec. 3): BTC regains 93K, SUI, PENGU, HYPE surge amid market recovery

Cardano (ADA) has opened December under pressure, dropping more than 7% in the 
past week as broader market sentiment weakens and macroeconomic uncertainty 
rises. Related Reading: Bitcoin Long-Term Holders See First Uptick Since April 
Lows: Bullish Sign? ADA is now trading near $0.38–$0.4, testing key support 
levels and extending a month-long downtrend that has erased recent gains. 
ADA&#8217;s price gains some small gains on the daily chart. Source: ADAUSD on 
Tradingview Macroeconomic Pressure and Market Sentiment Weigh on ADA The 
latest decline comes amid renewed concerns over global interest rate policy. 
Comments from Bank of Japan Governor Kazuo Ueda signaled the possibility of a 
rate hike, a shift that could unwind leveraged positions funded through low- 
interest yen borrowing. Cardano’s drop aligns with losses seen across the 
crypto market, with Bitcoin, Ethereum, and other major altcoins also trading 
lower. High trading volumes, over $1 billion in the past 24 hours, reflect 
elevated volatility and growing caution among investors. On-chain indicators 
show dormant ADA wallets from as far back as 2017 moving coins to exchanges, a 
sign that long-term holders may be preparing to exit positions. Short interest 
in ADA futures has also increased, with open interest rising 12% over the past 
week. Traders are betting on a further slide below $0.35 unless ADA can 
reclaim the $0.40 resistance level. Ecosystem Developments Offer Some Long- 
Term Support Despite the market downturn, several developments within the 
Cardano ecosystem continue to generate attention. A $30 million liquidity 
initiative designed to strengthen Cardano’s DeFi sector is scheduled for 
rollout in early 2026. The fund aims to boost total value locked by supporting 
lending, staking, and decentralized exchange activity, areas where Cardano has 
historically lagged behind competitors. Another upcoming milestone is the 
launch of the Midnight sidechain on December 8. The privacy-focused network 
introduces new capabilities around data protection and secure enterprise 
applications. Some analysts believe the launch could increase Cardano’s 
adoption and improve sentiment, particularly if it leads to more activity in 
decentralized finance. Cardano’s long-term technical outlook also remains a 
topic of debate. Analysts note that ADA is once again touching the support 
line of a multi-year uptrend. Historically, similar tests have preceded 
recoveries, with some projecting a possible rebound toward the $0.50–$0.75 
range if the market stabilizes. What Comes Next for Cardano (ADA)? The near- 
term outlook for Cardano remains uncertain. A break below $0.38 could expose 
the token to further declines toward the $0.30 area, especially if broader 
market weakness continues. However, strong staking participation, around 70% 
of circulating supply, may help cushion deeper drawdowns. Longer-term 
forecasts vary widely, ranging from modest recoveries to highly optimistic 
projections tied to expected ecosystem upgrades in 2026. Related Reading: 
Bitcoin Vs. Gold Metric Flashes Rare Signal Not Seen in Market History – See 
How For now, ADA’s trajectory will depend on whether macroeconomic pressures 
ease and whether Cardano can translate its upcoming developments into 
sustained network growth and investor confidence. Cover image from ChatGPT, 
ADAUSD chart on Tradingview

Cardano’s December Slide Intensifies: What’s Driving the Decline and What Comes Next?

Solana rebounds above $135 and its 100-hour SMA after breaking a bearish 
hourly trend line, but still needs to clear nearby resistance to avoid another 
pullback. Solana has risen above $135, recovering from recent lows and 
breaking above a bearish…

Solana reclaims $135 and 100-hour SMA in strong reversal attempt

Crypto exchange Binance has appointed co-founder Yi He as co-CEO, tightening 
its top team as it leans more into regulated global expansion.

Binance names co-founder Yi He co-CEO alongside Richard Teng

The so-called yen carry trade returned to the spotlight after the recent 
$4,000 cryptocurrency market flash crash, following Japanese government bond 
yields reaching historic highs. Learn how expectations of rate hikes in Japan 
affect investments in risk assets worldwide. Yen Carry Trade: How Japan Acts 
as an Engine for Worldwide Liquidity The yen carry has […]

Cryptocurrency price in EUR