Cardano Price Drops to $0.3305 Amid Market Volatility
Cardano's Recent Performance
Cardano (ADA) traded at $0.3305 on Wednesday, marking a 10.24% drop, its largest one-day decline since November 9. This downward movement reduced its market cap to $11.4689 billion, representing 1.40% of the total cryptocurrency market.
Over the past 24 hours, Cardano's price ranged between $0.3305 and $0.3763. In the last seven days, the cryptocurrency has lost 13.04% of its value, trading between $0.3305 and $0.4371 during this period.
Currently, Cardano is 89.34% below its all-time high of $3.10, reached on September 2, 2021.
Broader Cryptocurrency Market Impact
The cryptocurrency market experienced significant volatility, with Bitcoin and Ethereum also seeing notable declines.
Bitcoin was last trading at $16,031.50, down 11.78% on the day. Its market cap stood at $314.0195 billion, accounting for 38.26% of the total cryptocurrency market.
Ethereum traded at $1,143.84, marking a 12.84% loss. Its market cap was $142.0542 billion, representing 17.31% of the total cryptocurrency market value.
The recent price drops highlight the ongoing challenges and volatility in the cryptocurrency market.
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