{"id":34574,"date":"2022-11-09T06:32:37","date_gmt":"2022-11-09T06:32:37","guid":{"rendered":"http:\/\/egrowonline.com\/?p=34574"},"modified":"2022-11-09T06:32:37","modified_gmt":"2022-11-09T06:32:37","slug":"heres-why-cardano-ada-is-nosediving-9-lower-today-cardano-ada-usd","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=34574","title":{"rendered":"Here&#8217;s Why Cardano (ADA) Is Nosediving 9% Lower Today &#8211; Cardano (ADA\/USD)"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p class=\"core-block\"><strong class=\"core-block\">Cardano\u00a0<\/strong><span class=\"ticker\" data-ticker=\"ADA\/USD\" data-exchange=\"CRYPTO\">ADA\/USD<\/span> is trading near session lows, down by 9.48% to $0.37\u00a0per\u00a0<a target=\"_blank\" href=\"https:\/\/benzinga.grsm.io\/movers399\" class=\"core-block\" rel=\"noopener\">Benzinga Pro<\/a>, going into the close of Tuesday&#8217;s U.S. trading session. The altcoin is lower\u00a0amid concerns over the <a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/11\/29619646\/binance-to-acquire-ftx-com-as-it-faces-liquidity-crunch-here-are-the-early-details\" class=\"core-block\" rel=\"noopener\">financial condition<\/a> of cryptocurrency exchange FTX.<\/p>\n<p class=\"core-block\"><strong class=\"core-block\">What Happened?<\/strong><\/p>\n<p class=\"core-block\">Reports surfaced Tuesday that FTX\u00a0<a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/11\/29617392\/ftx-temporarily-halts-withdrawals-on-chain-data-shows-what-you-need-to-know\" class=\"core-block\" rel=\"noopener\">was halting withdrawals<\/a>\u00a0as it saw investors liquidate positions.<\/p>\n<p class=\"core-block\">As investors were dissecting the news and impact from the selloff, the leaders of\u00a0<strong class=\"core-block\">Binance\u00a0<\/strong>and\u00a0<strong class=\"core-block\">FTX\u00a0<\/strong>made a surprising announcement.<\/p>\n<p class=\"core-block\">\u201cThis afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days,\u201d Binance CEO<strong class=\"core-block\">\u00a0Changpeng Zhao<\/strong>\u00a0tweeted&#8230;<em class=\"core-block\"><a target=\"_blank\" href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/22\/11\/29619646\/binance-to-acquire-ftx-com-as-it-faces-liquidity-crunch-here-are-the-early-details\" class=\"core-block\" rel=\"noopener\">Read More<\/a><\/em><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMicGh0dHBzOi8vd3d3LmJlbnppbmdhLmNvbS9tYXJrZXRzL2NyeXB0b2N1cnJlbmN5LzIyLzExLzI5NjIzNDczL2hlcmVzLXdoeS1jYXJkYW5vLWFkYS1pcy1ub3NlZGl2aW5nLTktbG93ZXItdG9kYXnSAQA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano\u00a0ADA\/USD is trading near session lows, down by 9.48% to $0.37\u00a0per\u00a0Benzinga Pro, going into the close of Tuesday&#8217;s U.S. trading session. The altcoin is lower\u00a0amid concerns over the financial condition of cryptocurrency exchange FTX. What Happened? Reports surfaced Tuesday that FTX\u00a0was halting withdrawals\u00a0as it saw investors liquidate positions. As investors were dissecting the news and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":34575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[340,3838,266,164,8925,446],"class_list":["post-34574","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ada","tag-adausd","tag-cardano","tag-heres","tag-nosediving","tag-today"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/11\/cardano-7172952.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=34574"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34574\/revisions"}],"predecessor-version":[{"id":34576,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/34574\/revisions\/34576"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/34575"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34574"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}