Cardano Price Drops 10% in Selloff
Have you noticed the recent shifts in Buffett’s portfolio? Cardano was trading at $0.9589 on the Investing.com Index on Sunday, marking a 10.02% decrease for the day—the largest one-day percentage loss since November 24. This downward movement caused Cardano’s market cap to fall to $34.6849B, which is equivalent to 1.82% of the total cryptocurrency market cap. At its peak, Cardano’s market cap reached $94.8001B.
In the previous twenty-four hours, Cardano traded within a range of $0.9589 to $1.0968. Over the past week, Cardano experienced a rise in value, gaining 38.47%. The trading volume for Cardano in the twenty-four hours leading up to the current time was $4.3174B, representing 1.81% of the total volume of all cryptocurrencies. Cardano’s price fluctuated between $0.7017 and $1.1467 in the past seven days.
Despite these fluctuations, Cardano remains 69.06% below its all-time high of $3.10, which was reached on September 2, 2021.
Looking at other cryptocurrencies, Bitcoin was trading at $96,570.3 on the Investing.com Index, showing a 2.09% decrease in price. Ethereum was also down at $3,302.63, indicating a 2.90% loss.
Bitcoin’s market cap stood at $1,915.9357B, representing 100.58% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $399.0985B, accounting for 20.95% of the total cryptocurrency market value.
These trends provide valuable insights into the current state of the cryptocurrency market, showcasing the dynamic nature of digital assets. Keep an eye on these developments to stay informed about the latest trends in the crypto space.
