It is not entirely surprising to see all of the major cryptocurrency markets lose a ton of value right now. Ever since Bitcoin decided to turn bearish for no apparent reason, the overall momentum has been rather troublesome. Some markets are dealing with a lot more pressure compared to others. The Cardano price, for example, is bleeding value left, right, and center at this time.
Cardano Price Pressure Picks up Again
It is safe to say none of the alternative markets will see any real positive momentum unless Bitcoin picks up the pace in a significant manner. For the time being, it seems unlikely that will happen in the near future, primarily because there is nothing to warrant an effective uptrend. In the case of Cardano, its close-knit reliance on Bitcoin is causing a lot of problems over the past 24 hours.