The cryptocurrency market opened the new weekly candle bearish as Bitcoin and other major coins are in the red. Bitcoin is trading around $68,200 per coin, while Ether risks dropping below $2,000 if the bearish trend persists. Cardano's ADA is one of the worst performers in recent weeks. It is down 12% in the last seven days and has now become the 12th-largest cryptocurrency by market cap, losing its 10th spot to Hyperliquid's HYPE. At press time, ADA has dropped below the $0.25 support level and could record further losses in the near term. Weakening derivatives data, alongside dampened risk sentiment amid escalating conflicts in the Middle East, continue to weigh on ADA, hinting at a deeper correction ahead.