Choppy Trading in ADA Ahead of Cardano Summit This Weekend – FX Leaders

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Cardano (ADA) is starting Friday on a somewhat bearish note, sliding under the $2.30 mark amid a cautious market sentiment as investors wait to see if market leader Bitcoin can crack the key $45,000 level. At the time of writing, ADA/USD is trading around $2.28.This week started on a bearish note in the cryptocurrency market as investor mood was soured by the Evergrande crisis. Global investors worried about the possible fallout of China’s leading property developer defaulting on its mountain of debt and stayed away from cryptocurrencies and other riskier instruments. However, the bearish mood started easing during the previous session as the concerns started fading, bringing back buyers into cryptos. The positive mood remains weak as we approach the end of the week as crypto traders wait to see how Bitcoin’s price will fare as it approaches a key level of $45,000.While the market sentiment remains unclear, Cardano traders are also cautiously awaiting the upcoming Cardano
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