The cryptocurrency market initially experienced a sharp drop on Friday, resulting in $1.42 billion in liquidations. However, over the weekend, several cryptocurrencies, including Cardano (ADA), showed signs of recovery, with ADA's price rising by 15% and briefly reaching $1. The market's disappointment with the Fed's interest rate announcement on Wednesday was somewhat alleviated by the lower-than-expected inflation gauge. Despite a four-day drop, ADA's price rebounded and is currently at $0.9579, up 14.05% in the last 24 hours. Breaking through the $1 mark for ADA could lead to further gains, potentially reaching $1.34 and eventually $2. However, the daily MA 50 at $0.877 might provide support. According to a recent Messari report, Cardano's total value locked (TVL) in USD increased by 13.3% QoQ to $231.6 million, while revenue in USD fell by 31.2% QoQ to $0.51 million due to a decline in average daily transactions.



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