Crypto
Cardano Price Crashes Hard Amid Weak US Jobs Data
The Cardano price crashed hard on October 2, falling by 3.6% to $0.2456 after swinging between $0.2580 and $0.2374, marking a fresh weekly low.
The drop was not just limited to the price as the coin's market cap slipped to $9.22 billion, while trading volume sat at $625.522 million, showing significant selling pressure on the order books.
The crash was partly attributed to weak US jobs data, which saw a payroll gain of only 29,000 in September, against an expected 90,000 new jobs.
However, not everything is bearish for Cardano. The integration of Topper's fiat on-ramp with SundaeSwap and Float platforms offers some hope going forward, making it easier for users to buy ADA using a card or wallet app.