LIVE: Why Crypto Is Down Today? ADA Founder Reveals $3 Billion Hit

Cardano founder Charles Hoskinson says he has lost over $3 billion across crypto cycles but refused to cash out, stating it would have been “real easy” to walk away while reaffirming his commitment to long-term blockchain development.

The global cryptocurrency market remained under pressure, with total market capitalization falling to $2.29 trillion, down nearly 4% in the past 24 hours. Investor sentiment weakened sharply, as the Fear & Greed Index dropped to 5, signaling extreme fear in the market. Bitcoin traded near $67,880, while Ethereum hovered around $1,973.