Cardano faces fresh stress as ADA breaks $0.16 and key ecosystem projects shut down

Cardano's ADA slid below $0.16 to its lowest level since December 2020 as a broader market sell-off pushed crypto's total cap down nearly 4% to $2.14 trillion and dragged Bitcoin toward $61,000. The drop coincided with Charles Hoskinson reducing public appearances and closures at ecosystem projects including TapTools and NFT marketplace JPG Store, while several governance funding requests failed to win approval.