Cardano Experiences Significant One-Day Loss

Cardano's Market Decline

Cardano experienced a significant decline, trading at $0.8900, marking a 10.06% drop in a single day. This downturn represents the largest one-day percentage loss since December 9. The decline pushed Cardano's market cap down to $31.2825 billion, accounting for 0.94% of the total cryptocurrency market cap. Previously, Cardano's market cap reached a high of $94.8001 billion.

Recent Trading Range and Performance

Cardano's trading range over the past 24 hours fluctuated between $0.8706 and $0.9093. Over the past week, the cryptocurrency has seen its value decrease by 15.19%. The trading volume within the last 24 hours stood at $1.4931 billion, which is 0.93% of the total cryptocurrency volume. During the past week, Cardano's price ranged from $0.7627 to $1.1192. Currently, Cardano is down 71.28% from its all-time high of $3.10, set on September 2, 2021.

Broader Cryptocurrency Market Trends

In the broader cryptocurrency market, Bitcoin was trading at $96,136.7, experiencing a 2.95% decrease. Ethereum also saw a decline, trading at $3,332.14, down 5.44%. Bitcoin's market cap was recorded at $1,904.8203 billion, representing 57.53% of the total market cap, while Ethereum's market cap was $400.5008 billion, comprising 12.10% of the total cryptocurrency market value.

This data reflects ongoing volatility in the cryptocurrency space, impacting major digital currencies like Cardano, Bitcoin, and Ethereum. The fluctuations highlight the dynamic and unpredictable nature of cryptocurrency investments.