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Cardano Plummets to 10% Daily Loss Amid Broader Crypto Downturn

Cardano's price tumbled 10.01% on Sunday, marking its largest single-day loss since March 3. The cryptocurrency's market cap fell to $26.0735B, while Bitcoin and Ethereum also saw significant declines.
Published on 2025-03-09

Cardano's Sharp Decline

Cardano (ADA) experienced a significant drop on Sunday, trading at $0.7275 by 13:56 (17:56 GMT) on the Investing.com Index. This represented a 10.01% daily loss, its steepest one-day percentage decline since March 3. The cryptocurrency's market cap fell to $26.0735B, accounting for 1.37% of the total crypto market cap.

Weekly Performance and Volume

Over the past seven days, Cardano has lost 30.95% of its value. In the last 24 hours, trading volume reached $1.2921B, representing 0.54% of the total crypto market volume. The price has fluctuated between $0.7275 and $1.1562 over the past week.

Long-Term Perspective

At its current price, Cardano remains 76.52% below its all-time high of $3.10, recorded on September 2, 2021.

Broader Crypto Market Weakness

The downturn in Cardano's price mirrors broader crypto market trends. Bitcoin fell 4.13% to $82,392.0, while Ethereum dropped 8.05% to $2,022.03. Bitcoin's market cap stood at $1,635.0358B (85.83% of the total crypto market), and Ethereum's market cap was $245.4178B (12.88% of the total crypto market value).

The crypto market continues to face headwinds, with major cryptocurrencies posting significant losses over the past week.

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