Cardano (ADA) price trades in red, slipping below $0.28 at the time of writing on Monday, following a correction of more than 15% in the previous week. The broader crypto market remains under pressure, with Bitcoin (BTC) slipping below $75,000 on Monday.
Solana (SOL) price extends its correction, trading below $100 on Monday after losing more than 15% in the previous week. The bearish price action is further backed by derivatives data, which shows rising short bets and negative funding rates.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices recovered slightly at the time of writing on Monday after correcting by over 7%, 14%, and 7%, respectively.