ADA weakens amid tariff fears and rising short positions

The cryptocurrency market had yet another bearish weekend, with Bitcoin, Ether, XRP XRP - $1.396 and other major coins currently in the red. The bearish performance saw nearly $500 million worth of leveraged positions wiped out in the market in the last 24 hours. ADA ADA - $0.272582930733270 the native coin of the Cardano blockchain, is down by more than 2% on Monday, entering its third consecutive day of decline. The negative performance is backed by the strong bearish bias in Cardano's derivatives market positional buildup. The market dumpwas primary due to the US President Donald Trump's reassessment of global tariffs and domestic conflict with the US Supreme Court. Currently, technical indicators are bearish, but ADA ADA - $0.272582930733270 could experience a temporary pump in the near term.

Source: invezz.com

Related symbols: ADAUSD

2026-02-23 12:45:05 GMT.

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Price & Market Data

Price: $1.396

Volume 24h: $2,998,851,259.43

Market Cap: $85,154,098,048.15

Description

XRP (XRP) is a cryptocurrency . XRP has a current supply of 99,985,712,847 with 61,018,583,977 in circulation. The last known price of XRP is 1.42321746 USD and is down -0.04 over the last 24 hours. It is currently trading on 1800 active market(s) with $2,225,971,838.61 traded over the last 24 hours. More information can be found at https://xrpl.org/.

Price & Market Data

Price: $0.272582930733270

Volume 24h: $411,623,267.22

Market Cap: $9,832,014,299.27

Description

Cardano (ADA) is a cryptocurrency launched in 2017. Cardano has a current supply of 44,994,844,967.682204 with 36,069,809,187.333429 in circulation. The last known price of Cardano is 0.27098409 USD and is down -1.86 over the last 24 hours. It is currently trading on 1682 active market(s) with $388,876,561.72 traded over the last 24 hours. More information can be found at https://www.cardano.org.