The cryptocurrency market faced severe downward pressure this past week, triggering sharp liquidations across several major alternative coins. While large-cap assets like Bitcoin struggled to maintain key support levels, multiple high-profile altcoins bore the brunt of the market sell-off, posting double-digit losses exceeding $25$.
Data from CoinMarketCap highlights a widespread correction driven by macro-economic factors, shifting regulatory environments, and liquidity drains from risk-on assets. Below is a detailed breakdown of the top five worst-performing altcoins over the last seven days.
1. Cardano (ADA)
$Cardano led the weekly losses among major layer-1 networks. The $ADA price plummeted by 32.19%, dropping its market capitalization to approximately $5.76 billion.
ADA price USD over the past weekDespite continuous developer activity on the network, ADA struggled ...
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