Why Cardano Is Plummeting Today

Cardano (CRYPTO: ADA) is plunging on Thursday. The cryptocurrency lost 8.6% as of 1:50 p.m. ET and was down as much as 9% earlier in the day. The decline comes as the broader crypto market retreats amid growing economic concerns.President Donald Trump's sweeping tariffs, announced yesterday from the White House, have triggered a risk-off sentiment that's hitting the cryptocurrency market particularly hard. The macro news overshadowed a positive announcement from the Cardano Foundation. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »Tariffs spark economic uncertaintyTrump announced extensive new tariffs on imports from countries around the globe yesterday from the White House Rose Garden. The tariffs are levied on almost every trading partner the U.S. has and their scale and breadth has shocked the market. Some investors had hoped the tariffs would be more limited in scope.The fear that the tariffs...