Cardano Drops 12% in Bearish Crypto Trade
Cardano saw a significant drop in value on Tuesday, trading at $0.9403 on the Investing.com Index, marking an 11.80% decrease, the largest since April 12. This decline led to Cardano’s market cap falling to $33.0751B, accounting for 1.03% of the total cryptocurrency market cap. Cardano’s market cap had reached as high as $94.8001B previously.
In the past twenty-four hours, Cardano traded within a range of $0.9382 to $0.9897. However, over the last seven days, Cardano has shown an increase in value, rising by 25.96%. The trading volume for Cardano in the twenty-four hour period was $2.8555B, representing 1.19% of the total volume of all cryptocurrencies. In the last week, Cardano’s trading range spanned from $0.7382 to $1.1467.
Despite the recent increase, Cardano is still down by 69.66% from its all-time high of $3.10 in September 2021.
In other cryptocurrency news, Bitcoin recorded a price of $92,586.4 on the Investing.com Index, marking a 5.75% decrease, while Ethereum was trading at $3,362.43, showing a loss of 1.49%. Bitcoin’s market cap stands at $1,837.7193B, representing 57.47% of the total cryptocurrency market cap, and Ethereum’s market cap is $405.4929B, making up 12.68% of the total cryptocurrency market value.
