Cardano Drops 10% Amid Bearish Trading and Market Pullback
At 01:23 GMT on Wednesday, according to Investing.com’s index, Cardano (ADA) was trading at $0.5032, down 10.02% for the day. This marked the largest single-day drop for the cryptocurrency since October 10.
The decline also pushed Cardano’s market capitalization down to $18.28 billion, or 0.55% of the total cryptocurrency market cap. At its peak, Cardano’s market cap reached $94.8 billion.
Over the past 24 hours, ADA traded between $0.5031 and $0.5242.
During the last seven days, Cardano lost 20.8% in value. The 24-hour trading volume for ADA stood at $1.88 billion, accounting for 0.64% of the total crypto market volume. Over the past week, the price ranged between $0.4912 and $0.6485.
At the moment, Cardano remains well below its previous all-time high.
Other cryptocurrencies
- Bitcoin (BTC) was last trading at $99,389.5, down 7.01% for the day, according to Investing.com.
- Ethereum (ETH) traded at $3,182.34, marking a 12.63% decline.
Bitcoin’s market capitalization stood at $1.99 trillion (60.12%) of the total crypto market, while Ethereum’s was $386.33 billion (11.65%).
See also: "Bitcoin Price Today: Falls Below $100K, Enters Bear Market"
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