

This week, the crypto market faced a broad correction, with both Bitcoin and a majority of altcoins closing in the red. Bitcoin recorded a relatively modest dip of 0.57%, managing to hold its ground better than most. However, the altcoin space saw steeper declines — Cardano’s ADA fell sharply by 21.31% following debates around a controversial proposal to deploy 140 million ADA from the treasury to boost stablecoin liquidity, which Charles Hoskinson defended as a necessary step for ecosystem growth. Other major tokens also suffered, with Uniswap’s UNI dropping 18.65% and Worldcoin’s WLD plummeting by 27.91% amid growing investor uncertainty. Despite the downturn, some analysts remain cautiously optimistic, noting that the current dip may be a healthy correction and pointing to early July as a potential window for market reversal, especially as sentiment and on-chain indicators begin to stabilize.