#MarketPullback The latest crypto market crash has hit Cardano ($ADA ) hard, but the worst might already be over, and bulls will be hoping that the cryptocurrency is still headed for a positive start to 2025.

Cardano ($ADA ) cratered as low as $0.76 on Friday, taking its pullback from recent highs to more than 40% at the time.

The Fed triggered a major stock and crypto market sell-off when they issued more-hawkish-than-expected guidance for only two additional rate cuts in 2025 on Wednesday.

Since the Fed’s bearish meeting, ADA futures positions worth nearly $20 million have been liquidated, per coinglass.com.