The price of Cardano's ADA cryptocurrency declined on Thursday, leading losses among major cryptocurrencies. This was due to the continued weakness in Bitcoin and the fall in equities caused by soaring U.S. treasury yields. Token prices have been relatively flat over the past week, with several major cryptocurrencies down nearly 10% since Monday. The broader CoinDesk 20 index, which tracks the largest tokens, also experienced a decline. The defensive positioning in stocks may be driven by concerns that President-elect Donald Trump's inauguration could lead to a sell-off. Traders are also keeping an eye on new U.S. economic data, particularly the Non-Farm Payrolls report, which could further influence Bitcoin's price trajectory.



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