Cardano Plummets to 10.14% Daily Loss Amid Broader Crypto Downturn
Cardano's Sharp Decline
Cardano (ADA) saw a significant price drop, falling 10.14% to $0.5377 on Wednesday. This marked its largest one-day percentage loss since April 6. The cryptocurrency's market cap dropped to $19.1906B, representing 1.01% of the total crypto market cap.
Recent Performance
Over the past 24 hours, Cardano traded between $0.5377 and $0.5645. In the last seven days, its value has declined by 19.19%. The 24-hour trading volume reached $1.2666B, accounting for 0.53% of the total crypto volume.
Long-Term Perspective
At its current price, Cardano remains 82.65% below its all-time high of $3.10, achieved on September 2, 2021.
Broader Market Context
The crypto market saw widespread losses, with Bitcoin dropping 7.28% to $74,664.4 and Ethereum falling 12.69% to $1,396.55. Bitcoin's market cap dominated at $1,491.2820B (78.29% of the total crypto market), while Ethereum's market cap stood at $171.0148B (8.98%).
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