Cardano Falls Below $0.20 as ADA Drops 4.16% in 24 Hours

Cardano’s ADA fell below $0.20 late Wednesday, a fresh price milestone, while Bitcoin was also below $80,000 in separate snapshots as U.S. policymakers held interest rates steady.

At 11:08 p.m. ET Wednesday (03:08 UTC Thursday), Cardano (ADA) traded at $0.1978371, down 4.16% over the previous 24 hours. Its 24-hour range was $0.1959443 to $0.2088623.

In a separate snapshot at 10:37 p.m. ET Wednesday (02:37 UTC Thursday), Bitcoin (BTC) was at $79,685.86, down 1.41% over its prior 24 hours.

At 2 p.m. ET Wednesday (18:00 UTC), the Federal Open Market Committee (FOMC) held the federal funds target range at 3.75% to 4.00%. The vote was 10-2, with Lisa D. Cook and Beth M. Hammack preferring a 0.25-percentage-point increase. The FOMC said, “Inflation remains elevated.”