Investment
Features
FeesSafety
Academy
More
Pluang+

Cardano price drops nearly 8% after $547M market-wide liquidations triggered by macro factors

Market News
07 Oct 2026
CryptoTicker
View Source
Bearish
Cardano price drops nearly 8% after $547M market-wide liquidations triggered by macro factors

Cardano's price fell 7.97% to $0.2546 on October 7, 2026, reversing gains made earlier in the week due to forced liquidations across the crypto market totaling $547 million. The sell-off was driven by external factors like rising oil prices, higher US bond yields, and a stronger dollar, not by Cardano-specific news. Despite the dip, Cardano still shows gains over the past week and month. Investors should note the risks of leveraged positions and the importance of holding periods for tax implications. The network's planned upgrade, Leios, remains in testing and has not yet impacted the price.

Cardano is trading at Rp4,541 on Pluang with a notable 1-day decline of 8.60% as of October 7, 2026, 20:07 WIB, reflecting heavy sell pressure with 78% of orders being sell transactions. The market cap stands at Rp167.27 trillion, and the typical holding period on Pluang is 126 days. This aligns with the recent price drop reported in the news, showing the impact of broader market forces rather than Cardano-specific developments.

More News (ADA)

Cardano's ADA jumps 42% since mid-September amid rising derivatives and stablecoin shifts

Cardano's ADA jumps 42% since mid-September amid rising derivatives and stablecoin shifts

Cardano's ADA price surged about 42% from $0.19 on Sept. 16 to around $0.27 by Oct. 5, driven by increased derivatives exposure and a decline in stablecoin supply. Open interest in ADA derivatives rose 25%, indicating new market positions and short c...

Technical Signals
Bullish
8 hours ago
Bitcoin drops $2,000 in 30 minutes, triggering $550M crypto liquidations amid leveraged long sell-off.

Bitcoin drops $2,000 in 30 minutes, triggering $550M crypto liquidations amid leveraged long sell-off.

Bitcoin fell about $2,000 within 30 minutes after reaching above $85,600, causing a wave of liquidations in leveraged crypto markets totaling over $550 million in 24 hours. Most losses came from long positions, forcing over 100,000 traders out of the...

Market News
Bearish
12 hours ago
Cardano launches token standard enabling issuers to freeze, seize, and restrict regulated assets.

Cardano launches token standard enabling issuers to freeze, seize, and restrict regulated assets.

The Cardano Foundation introduced CIP-0113, a new token standard that allows issuers of regulated assets like stablecoins, funds, and bonds to enforce identity checks, sanctions screening, and transfer restrictions directly within the token. This sta...

Protocol Fundamentals
Neutral
13 hours ago
Cardano (ADA) drops over 5% in one hour amid $1.7M long liquidations on major exchanges

Cardano (ADA) drops over 5% in one hour amid $1.7M long liquidations on major exchanges

Cardano's cryptocurrency token ADA fell sharply by 5.25% within an hour, dropping from $0.2665 to $0.2525 on October 6. This decline represented a 5.54% decrease compared to its price 24 hours earlier. The price movement was tracked on Binance's ADA/...

Market News
Bearish
15 hours ago
Cardano's ADA surges 42% with whale activity and social interest peaking since September 16

Cardano's ADA surges 42% with whale activity and social interest peaking since September 16

Cardano's ADA token has surged 42% since September 16, rising from about $0.19 to $0.27, driven by increased whale transactions exceeding $100,000, reaching the highest level since June 4. Social interest in ADA also peaked in 2026, supported by new ...

Market News
Bullish
19 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App