Cardano cryptocurrency drops 11% in bearish trading with a pullback
On Thursday at 09:00 GMT, the Cardano cryptocurrency was trading at $0,4231 according to the Investing.com Index, falling 10.62% on the day. This marked the largest decline in the cryptocurrency’s value since October 10.
The drop also pushed Cardano’s market capitalization down to $15.1934 billion, or 0.49% of the total cryptocurrency market capitalization. Previously, at its peak, Cardano’s market cap reached $94.8001 billion.
Over the past 24 hours, Cardano traded between $0,4217 and $0,4549.
Over the last 7 days, Cardano experienced downward pressure and lost 5.6%. The trading volume of Cardano during the 24 hours prior to the publication was $1.1231 billion, or 0.71% of the total crypto trading volume. Over the past week, the price fluctuated between $0,4067 and $0,4838.
At this moment, Cardano has fallen from its previously established high (value not provided in the source).
Meanwhile, other cryptocurrencies:
Bitcoin was last trading at $90,185.3 according to the Investing.com Index, down 2.63% on the day.
Ethereum was trading at $3,197.75, marking a 4.51% decline.
Bitcoin’s market capitalization stands at $1,800.2617 billion, or 58.62% of the cryptocurrency market, while Ethereum’s market cap is $385.8612 billion, or 12.56% of the market.
See also: "Bitcoin rises to $92.6K ahead of possible Fed rate cut"
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