Cardano Faces 10% Decline in Recent Market Rout
Cardano Sees Largest Single-Day Percentage Loss Since December 16, 2022
Cardano experienced a significant drop in value, with prices falling to $0.4660 by 22:27 (03:27 GMT) on the Investing.com Index on Monday, marking a 10.24% decrease for the day. This represents the most substantial one-day percentage loss for Cardano since December 16, 2022.
Market Cap and Trading Range
The decline in value pushed Cardano’s market cap down to $16.7466B, equating to 1.04% of the total cryptocurrency market cap. At its peak, Cardano’s market cap reached $94.8001B. Over the previous twenty-four hours, Cardano traded in a range of $0.4660 to $0.4996.
Weekly Performance and Trading Volume
Over the past seven days, Cardano experienced a 20.81% decrease in value. The volume of Cardano traded in the twenty-four hours leading up to the current time was $494.3902M, accounting for 0.94% of the total volume of all cryptocurrencies. In the past week, Cardano’s trading range was between $0.4660 and $0.6368. Despite its current price, Cardano remains 84.96% lower than its all-time high of $3.10, set on September 2, 2021.
Updates on Other Cryptocurrencies
Bitcoin was trading at $43,314.4 on the Investing.com Index, reflecting a 1.42% decrease for the day. Meanwhile, Ethereum’s value stood at $2,172.24, marking a loss of 3.14%.
Bitcoin’s market cap was recorded at $849.9365B, representing 52.90% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $261.8862B, equating to 16.30% of the total cryptocurrency market value.
