Cardano Experiences Significant One-Day Drop
Cardano Sees Largest One-Day Drop Since April, Down 11.06%
Cardano experienced a significant decline on Tuesday, trading at $0.3706 by 21:43 (01:43 GMT) on the Investing.com Index. This marked an 11.06% drop for the day, the largest single-day percentage loss since April 13.
Market Cap and Trading Range
Market Cap: Cardano's market capitalization fell to $13.8641 billion, representing 0.59% of the total cryptocurrency market cap. At its peak, Cardano's market cap was $94.8001 billion.
24-Hour Range: In the past 24 hours, Cardano traded between $0.3706 and $0.4024.
7-Day Range: Over the past week, Cardano's price fluctuated between $0.3690 and $0.4444.
Weekly Performance
Cardano has seen a notable decrease in value over the last seven days, losing 11.98%. The trading volume over the last 24 hours reached $424.2468 million, accounting for 0.51% of the total volume of all cryptocurrencies.
Long-Term Performance
At its current price of $0.3706, Cardano remains 88.04% below its all-time high of $3.10, set on September 2, 2021.
Broader Cryptocurrency Market
Bitcoin
Last traded at $65,240.8 on the Investing.com Index, down 1.86% for the day. Bitcoin's market cap stands at $1,290.7200 billion, making up 54.70% of the total cryptocurrency market cap.
Ethereum
Trading at $3,401.90 on the Investing.com Index, experiencing a 5.79% loss. Ethereum's market cap is $421.1722 billion, or 17.85% of the total cryptocurrency market value.
The decline in Cardano's price reflects a broader trend in the cryptocurrency market, with major assets like Bitcoin and Ethereum also experiencing losses.
