Cardano’s ADA Token Leads Crypto Majors Lower, Bitcoin ( $77,343.00 ) Nears $41K as Bond Yields Rise

At press time, ADA was trading near $1.36, a 10.6% fall in the last 24-hour. Scaling solution Polygon’s MATIC token fell 6% even as the network implemented Ethereum ( $2,130.00 ) ’s fee-burning mechanism, which will destroy MATIC tokens making its supply deflationary. Solana’s token SOL, binance token BNB ( $648.26 ) , and ether each fell over 2%, while bitcoin traded 1% lower near $41,200, according to CoinDesk data.