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Bitcoin’s price continued in the downward direction this week, extending its bearish movement by nearly 7% in less than 72 hours. The latest push has plunged the cryptocurrency into its Q2-Q3 2024 price cluster, when BTC traded in a sideways range for about six months.

Cardano price today trades near $0.2625, down 3.35% in the past 24 hours as the token tests critical Fibonacci support following President Trump’s announcement of a global tariff increase. The move comes as Grayscale raised Cardano’s share in its Smart Contract Fund to 20.34%, signaling institutional confidence despite retail selling pressure.

Cardano price today trades near $0.2760, up 0.95% in the past 24 hours as the token attempts to stabilize after breaking below critical support levels. The move comes as Coinbase announced it will accept ADA as collateral for onchain loans, though analysts warn that fundamental adoption metrics remain weak despite the integration.

Bitcoin continues to trade under pressure after failing to hold gains near the $97,970 swing high, leaving the market in a fragile short-term structure. The 4-hour chart shows a decisive rejection at the top, followed by a deep retracement into the Fibonacci range.

Cardano price today trades near $0.2559, down over 2% in the past 24 hours after breaking below the $0.26 support zone. The move places ADA at its lowest level since late 2024 as sellers maintain control across timeframes and all major moving averages turn into resistance.

The U.S. House of Representatives passed a $1.2T government funding package on Tuesday by a 217-214 vote, ending a partial shutdown that threatened federal operations. The legislation provides funding for most government departments through the end of the fiscal year, with lawmakers negotiating additional Department of Homeland Security funding over the next week and a half. President Donald Trump’s signature will formally reopen shuttered government agencies.