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Cardano Price Drops 11% in Largest One-Day Loss Since March

Cardano's price fell sharply on Friday, marking its biggest single-day decline since March. Despite a 33% weekly gain, the cryptocurrency's market cap dropped to $29.69B.
Published on 2025-03-07

Cardano's Recent Volatility

Cardano (ADA) experienced a significant price drop on Friday, trading at $0.8099 by 16:08 (21:08 GMT) on the Investing.com Index. This represented an 11.39% decline, its largest one-day percentage loss since March 3. The downward movement pushed Cardano’s market cap to $29.6923B, representing 1.03% of the total cryptocurrency market cap. Historically, Cardano’s market cap peaked at $94.8001B.

Weekly Performance and Volume

Despite the daily drop, Cardano has shown resilience over the past week, gaining 33.49% in value. The cryptocurrency traded between $0.6255 and $1.1562 during this period. In the last 24 hours, Cardano’s trading volume was $3.3015B, accounting for 2.41% of the total cryptocurrency volume.

Long-Term Perspective

At its current price, Cardano remains 73.87% below its all-time high of $3.10, achieved on September 2, 2021. This highlights the significant decline in value over the past year.

Broader Market Context

Elsewhere in the cryptocurrency market, Bitcoin and Ethereum also saw declines. Bitcoin was last at $86,053.1, down 3.80%, while Ethereum traded at $2,116.56, a loss of 4.04%. Bitcoin’s market cap stood at $1,727.4428B (60.18% of the total market), and Ethereum’s at $260.5385B (9.08% of the total market value).

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