Cardano Rebounds Above $0.40 After Multi-Month Low – Crypto Data Space

Cardano and Bitcoin Struggle Amid Institutional Influence and Leverage

This month, major cryptocurrencies have experienced significant drops in value. Cardano (ADA) opened November at $0.6092 but recently fell to a multi-month low of $0.3911, leaving many investors frustrated. Bitcoin (BTC), which reached $126,000 a month ago, also slid to $80,600 last week.

Institutions’ Pump-and-Dump Allegations

Speaking during a November 24 livestream, Cardano founder Charles Hoskinson commented on the recent market slump. He argued that large institutions were key drivers of the downturn, accusing them of pumping and dumping digital asset treasuries (DATs).

Hoskinson stated, “Major players, including firms like Citadel, got what they wanted by driving prices up and then shorting the market as it fell, profiting on both ends of the trade.” He added that these institutions extracted tens of billions of dollars from the market through cycles of aggressive speculation.

The consequences were widespread: market makers were squeezed, retail investors suffered losses, and the market struggled to recover. According to Hoskinson, the dominance of a few institutions combined with high leverage left the market particularly vulnerable when the bubble burst.

Lessons Unlearned from the 2021 Bull Run

Hoskinson also emphasized that retail investors have not fully learned from the 2021 bull run. He described that period as one of “irrational exuberance,” when highly speculative NFTs sold for millions and valuations across the sector became detached from reality.

This environment led to high-profile collapses such as FTX and LUNA, severely damaging public trust, wiping out everyday investors, and further eroding confidence in the crypto ecosystem. Hoskinson suggested that such cycles of greed and over-leverage have become a recurring pattern in the market.

Despite the turbulence, the market shows early signs of stabilization. Cardano has rebounded above the $0.40 level and is currently trading at $0.4206, while Bitcoin has climbed to $87,755, marking an 8.79% increase from its recent low of $80,659.

Hoskinson expressed cautious optimism, noting that regulatory clarity could help restore stability. He said, “Once the U.S. enacts the Clarity Act next year, investor confidence could improve, and crypto adoption may accelerate.” He also suggested that Bitcoin could potentially reach $250,000 by the end of 2026, assuming supportive market conditions and regulatory frameworks.

Market Outlook Remains Uncertain

While short-term volatility persists, Hoskinson’s insights highlight the impact of institutional behavior and leverage on cryptocurrency markets. The recent rebound in Cardano and Bitcoin demonstrates market resilience, but ongoing structural and regulatory factors will continue to shape the trajectory of major digital assets.

Cardano Rebounds Above $0.40 After Multi-Month Low