Cardano (ADA) is trading at $0.32 at the time of writing on Friday, down over 2% intraday, as bearish momentum continues to grip the broader crypto market. ADA has been caught in a broader drawdown that triggered cascading losses in risk assets, weighed down by persistent macroeconomic uncertainty. Despite the Federal Reserve (Fed) meeting expectations by leaving interest rates unchanged in the range of 3.50%-3.75%, hawkish sentiment from Fed Chair Jerome Powell during the press conference did not offer a lifeline to risk assets. The central bank remains tight-lipped about the next rate cut after pausing its monetary ... (full story)