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Why is Cardano price down today?

Published 06/19/2023, 11:30 AM
Updated 06/19/2023, 01:20 PM
ADA/USD
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The price of Cardano (ADA) is down over 3% on June 19 after dropping over 30% in the past two weeks. Is ADA’s price heading for its fourth red weekly candle in a row?

On June 19, ADA’s price fell over 3% to daily lows of $0.257 as traders continued to assess Cardano’s mention in the list of crypto assets that the U.S. Securities and Exchange Commission considers “unregistered securities.”

ADA/USD daily price chart. Source: TradingView
ADA open interest performance. Source: Coinglass
DXY daily performance chart. Source: TradingView
ADA/USD daily price chart. Source: TradingView

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