Cardano Plummets 10% Amid Broader Crypto Market Downturn
Cardano's price tumbled 10.16% to $0.9126 on Monday, marking its steepest one-day loss since March 3. This downward move pushed its market cap to $33.5541B, representing 1.14% of the total cryptocurrency market. Despite the drop, Cardano had gained 30.16% over the past seven days, trading within a range of $0.5813 to $1.1562 during that period.
The cryptocurrency's 24-hour trading volume reached $7.7772B, accounting for 4.70% of the total crypto market volume. Cardano remains 70.55% below its all-time high of $3.10, achieved on September 2, 2021.
Elsewhere, Bitcoin fell 5.65% to $87,605.2, while Ethereum dropped 10.87% to $2,205.73. Bitcoin's market cap dominated at $1,769.3697B (60.24% of the total crypto market), followed by Ethereum at $271.4608B (9.24%). The broader market downturn highlights ongoing volatility in the cryptocurrency space.
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