Cardano Confirms Death Cross Against Bitcoin as Market Sell-Off Escalates

Cardan losing ground against Bitcoin, even as a bearish death cross signal is complete on the ADA/BTC daily chart.

Taken from 0.00000636 on October 13, Cardano has steadily declined against Bitcoin, reaching a low of 0.000005 on Monday. In the middle of the decline, a cross of death appeared on the ADA/BTC chart at the end of October, the second of such occurrences this year, with the first in April.

At press time, ADA traded up 5.86% in the last 24 hours on its dollar pair and is down 19% on the week at $0.5417.

About $1.36 billion in crypto derivatives positions were liquidated, according to CoinGlass data, as sales accelerated on major exchanges.

Bitcoin is nearing its lowest price since June as the US Dollar Index (DXY) rose amid speculation that the Federal Reserve could slow its rate-cutting cycle, leading to a bearish reversal in risk assets such as cryptocurrencies.

The government shutdown has entered its 35th day, matching the record from 2018-2019, with Polymarket suggesting it may extend beyond mid-November.

Cardano’s founder reveals 2026 prospects

Founder of Cardano Charles Hoskinson recently revealed where things stand today for the Cardano network, and the outlook for 2026.

Hoskinson highlighted the progress made for Leios and Bitcoin DeFi, with further advancements expected in 2026.

The Cardano founder noted that Cardano is pursuing an alternative Chainlink plan, with several other oracles in the pipeline to integrate alongside 100 other partners, thanks to Midnight.

The Cardano founder revealed interactions with Ripple USD stablecoin and others, with the next plans that need to wait for Midnight: “We have met many times with RLUSD and other stables. Since the CF does not provide liquidity and integration, and the community has yet to approve the SWF, we have to wait for Midnight to integrate and use the Cardano trustless bridge.”