The cryptocurrency market had yet another bearish weekend, with Bitcoin, Ether, XRP, 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, 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 could experience a temporary pump in the near term.