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Coin-Turk 2 minutes ago
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Cryptocurrency analyst Benjamin Cowen signals a potential new drop in Cardano 
$0.92059 (ADA) prices. Cowen noted that ADA could remain under pressure if the Federal Reserve does not renew its quantitative easing (QE) policies. Currently, ADA is trading at around $0.89, with the analyst projecting that the price may decline further.
Impact of QE on Cryptocurrency Markets
Cowen emphasized that altcoins like ADA could face price pressure as long as the Federal Reserve does not implement quantitative easing. Quantitative easing is known as a strategy where central banks increase the money supply by purchasing financial assets to provide market liquidity. Cowen remarked:
“Federal Reserve Chairman Jerome Powell’s statement of ‘no QE, the market will proceed on its own’ could significantly impact ADA’s price. There is a possibility that ADA’s …
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